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Patronizing answers don't count. What is your understanding of the situation that caused DNRG & Graecrest not to file an 8-K or MOU or list Graecrest on the PATT APP?
Asking for your opinion on what you know thus far.
If is was an APPROPRIATE deal, what is your personal summation of the circumstances as to why NO MOU or 8-K.
Or why hasn't Graecrest been added to the PATT APP as a "Sponsor or Developer" backing DNRG??
Squeaky wheel gets the grease?!
Graecrest $1.2 billion is not a formal deal with DNRG. No 8-K filing or MOU regarding the deal only a "PR".
The way in which you can signify the deal is not FORMAL, DNRG NEEDS CAPTIAL, yet $1.2 Billion has NOT been EXTENDED in the smallest amount to DNRG.
EVERYONE is CAUTIOUS of DNRG INCUDLING GRAECREST!
[color=red]Also, NO 8-K for the SIGNIFCENT EVENT or even the traditional MOU, WHY??[/color]
DNRG is SELLING shares to a STORY, not a REALITY...
Next 10Q filing will be interesting.
*Is DNRG debt over $18,000,000 ?
*Is DNRG increasing O/S by more than 100,000,000 million monthly ?
*What the toxic lending payments look like ?
*What is new total cost of financing fees ?
*What does DNRG have in CASH ?
*DNRG: "it plans to enter into discussions with its convertible debt financing partners for the potential repayment of the convertible notes with cash instead of shares"JUNE 29, 2016, PR (PRIME EXAMPLE of a DISTRACTION PR)
DNRG has NO POSITIVE cash flow (they would have to increase O/S to pay "CASH"), so how can they make a repayment with CASH? and WHY would GHS Capital / Investment (a specific toxic lender) ALLOW DNRG to do so if that this was not the original AGREEMENT.
Remember, last 10Q DNRG had $5,300 in cash.
Graecrest $1.2 billion is not a formal deal with DNRG. No 8-K filing or MOU regarding the deal only a "PR".
As today, Graecrest LLC has not loaned out a dime to DNRG.
The DNRG STORY is great. What we all need is for the "story" to become REALITY.
Some of us are "story" people & some are "number" folks, whichever side youre prone to we should agree that the SHOWCASE UNIT would have to be installed by no later then the 1ST WEEK OF NOVEMBER. If not then very unlikely to happen in 2016 but rather in 2017.
The question asked, "Does DNRG expect the showcase unit installed before the end of this YEAR, 2016"?
DNRG, "we will have news on this soon".
This is an indication of uncertaintly on the time frame
You have to be able to take data and turn it into information. That is where the profits lie...
Simply put there is NO DEMAND for the Rubicon and NO SUPPLY.
What's the mood, momentum and where is the price going? The ONLY thing DNRG has is a good "STORY" which is IMPORTANT, when you don't look at the financials or fact check the past PR's.
With DNRG debt at $17,000,000 guess who gets 1st claim to cash flows, the companies putting up the capital. Dnrg may reach $35,000,000 - $45,000,000 million dollars in debt before they install the 3MW Rubicon in the City of David. This is still before any positive revenue comes in and if DNRG can get to that point.
That is an indication that you haven't understood the statement and perhaps if phrased as a question.
Analyst here, your estimates could be WRONG which doesn't mean you can't make an estimate. But saying that there is too much uncertainty to do a valuation and then INVESTING in DNRG, is the HEIGHT of INSANITY.
DNRG PR's over the last 16 months look to have been nothing but weapons of mass distractions.
Prime example was last week:
The same day the Authorized Shares Increased to 1.5 Billion were filed, DNRG PR's a "Petition for Gov't Grants". A distraction from what really actually took place here. The A/S increased 100% and actually HAPPENED, the petition grant is a request that DNRG is "hoping" happens and portrays some hope for the Company. *Thing is if they are denied WE WON'T KNOW
You can't value a negative cash flow company with no working product.
DNRG is becoming tougher and tougher for Allen & Watkins to maintain. Indications are appearing & becoming more apparent.
Even with having The Power Africa Initiative on their side, DNRG still DOESN'T have access to CAPTIAL, from the list of 30 or so lenders working with Power Africa. That's not a question of WHY IS THAT, but what is it that POWER AFRICA KNOWS & it's lenders that WE DON'T?
There is home addresses for Allen & Watkins. Which are public, whether they accurate is of course 50/50.
**DNRG has let go of 50% of it's workforce, NOT A SIGN OF PROGRESS. DNRG had to let the Key Team go otherwise they would be increasing O/S by over 150,000,000 million shares monthly. (DNRG would be forced to do a R/S by January, 2017)**At this point DNRG would not do a R/S until Feb-March 2017.
Leeshan Ramasamy, Managing Director, Currentergy has been let go. No word on a replacement for the new division.
Dominovas has let go of 4 "Key Team" personal
Personal no longer listed on DNRG.com "Key Team"
Kreneshen Moodley
Managing Director, sub-Saharan Africa
Christian King
Madagascar
Mansur Nuruddin, Esq
MNCapital Africa Advisors
Leeshan Ramasamy,
Managing Director, Currentergy
DNRG's PR's & MOU from the 16 months:
Al RushAid Group: MOU (never talked about again)
Delphi: MOU (never talked about again *likely no longer have an MOU)
Grupo Trebol: Aquiring (DNRG no longer pursuing)
Graecrest: finacing (no filings that confirm $1.2 or an MOU) Has not loaned money to DNRG
MN Capital Advisor: MOU (once listed on DNRG.com, now removed)
DNRG Key Team: (50% of the new hires from March, 2016-August,2016 let go or fired)
50kW Rubicon/UJ: (claiming in 90days full installation by August) Never happened and reaching 200 days since May 3rd PR
City of David PPA: (No talk of the 3MW deployment)
Complexity is the silent killer of growth for DNRG.
Allen & Watkins have zero experience in this field. Allen has never been a CEO before of any company. Both Watkins & Allen have never been part of anything innovative (nothing suggest that they have from each of their wokr history).
Allen & Watkins are the WRONG two folks for the complexity of this job. Both Allen & Watkins are up there in age, each in their 60's, they may be just too inexperienced to accomphish the task.
This was prior to the reverse merger from Western Standard Energy into Dominovas Energy.
And about 600 million shares ago.
With totally different MGMT as well. Neal Allen did the deal to fund DNRG through shares and the reverse merger was the easiest & quickest way to have a publicly traded company to do so cause otherwise DNRG could not happen .
DNRG paid $106,260 in financing fees on the 10Q filing ending May 31, 2016
Along with paying 12% interest on each loan.
Remember, DNRG makes no money, so they are effectively not only using O/S & increasing A/S to continue these loan practices but also paying the 12% accruing interest with even more shares.
And along with the paying the top 3 heads (Neal Allen, Michael Watkins, Dr. Shamiul Islam) who's yearly salaries total: $393,000 w/ zero income coming into the business.
DNRG is in debt at a cost of over $17,000,000 and with the showcase 50 kW unit's new "schedule" of early 2017. This will cause DNRG to reach over 1,000,000,000 billion common shares, which is a bit over 70% of DNRG's 1.5 billion A/O.
When you read the financials, DNRG MUST implement a reverse split by Febuary/March 2017 to STAY ALIVE. Those that would disagree, I would ask you to tell me where the bulk of DNRG's value comes from at this point, that they could avoid a R/S?
DNRG Response:
"Does Dominovas expect to have the showcase unit implemented & installed before the end of 2016?"
DNRG's Reply
"The Company will have news on this soon."
DNRG had hinted prior to this, that the 50 Kw unit will not be deployed until early 2017.
DNRG is an "idea business" paying interest on loans. YOU CAN"T MAKE INTEREST PAYMENTS with ideas.
DNRG went looking for trouble and they will find it doing business this way.
Had he (Neal Allen) laid down $6000 / 2,500,000 shares in the Form-4, that reads as CONFIDENCE. Allen makes a salary of $177,000 yearly. Weekly that's $2000 take home and Allen bought $600 worth of DNRG once.
Seems more like a $600 token gesture, then a stable confidence in the future.
"As of yesterday’s update, the company had no plans in place to add new debt or operational capital in connection with its restructuring plan, but a future agreement could play a key role in Dominovas Energy’s efforts to build on the successful presentation of its 50kW RUBICON™ solid oxide fuel cell (SOFC) unit, which is set for installation in South Africa in August, with the eventual deployment of its multi-Megawatt power generation units in sub-Saharan Africa"
http://blog.qualitystocks.net/dominovas-energy-corp-dnrg/dominovas-energy-corporation-dnrg-unveils-strategy-to-restructure-and-eliminate-convertible-debt/
Also interesting is this statement: " USTDA projects are assessed based upon their viability as proven technologies DNRG has no proven history with the Rubicon Reformer! (along with their intended and expected social and environmental impact) **ESIA REPORT which DNRG will never release.
Excerpt from petition grant PR
From Petition Grant PR: "The submissions are specific to four distinct projects and budgets with total power output for the combined projects equal to a total of 2.9 Megawatts"
This is an interesting statement, let's walk through this here. These 4 specific projects, that ONLY total 2.9MW??
City of David: 3MW
Mining & Smelting: 10MW
SOMICO Mine: 3MW
South KIVU/RDC: 200MW
(DNRG may have been forced to secure much smaller deployments since they will soon be unable to meet the in 18 months, the 3MW deployment requirement in the City of David agreement with Power Africa)
Also, DNRG will not deploy the showcase unit until early 2017. This was hinted to by DNRG.
http://ih.advfn.com/p.php?pid=nmona&article=72564524
GHS Capital & Investments specializes in toxic lending specifically. Mark Grober much like John Fife end up thrusting penny stock prices into a toxic death spiral
Much like John Fife GHS/Mark Grober has an extensive list of lending to penny stocks that soon after went into what's know as a TOXIC DEATH SPIRAL mode.
Dominovas Energy Corp: "We have not yet completed the removal of our dilutive financing, but that remains an objective of the Company."
September 19 at 12:36pm
Let's remember at the last 10Q:
"For the nine months ended May 31, 2016, we recorded a net operating loss of $2,521,745. As of May 31, 2016, we had a cash balance of $5,723. We do not have sufficient funds for working capital and will need to obtain further financing"
They also have a $1,000,000 million dollar price for the 50Kw showcase unit that they needed to fund.
"today announces the activation of a plan targeted to restructure and eliminate the Company’s approximately $700,000 in convertible debt" June 29, 2016
"As the Company draws down on its GHS Investment equity line and has additional cash proceeds available, it plans to enter into discussions with its convertible debt financing partners for the potential repayment of the convertible notes with cash instead of shares"
Will GHS CAPITAL & INVESTMENTS COME BACK INTO THE PICTURE FOR DNRG??
"so we had to take a close look at what could be depressing the stock price,” said Dominovas Energy COO Michael Watkins.
“We came to the realization and belief that there is simply too much pressure on the stock as a result of the existing convertible debt; and with our new plan to eliminate said debt, we hope to see representative growth for the Company.
We have changed our methods of financing and operating the Company with a goal of increasing clarity and reporting of our operations and providing a stronger vehicle for our shareholders,” Watkins concluded" June 29, 2016
Did someone on the MB say that Tien Chien Jen responded to an inquiry on the date for the Rubicon with "they are working on it"?
shareholders will see how wisely mgmt utilizes these new shares.
More toxic lending??
Will the increased authorized shares, also increase the value of existing shares?
"Graecrest remains actively engaged" but yet no financing with them for even the smallest amount of $500,000-$1,500,000 million?
I'd imagine no showcase Rubicon this year. So we kick the can down the road into the new year, 2017.
Watch and see how quiet DNRG will get in November/December/January
"USTDA grants are awarded based upon the intended and expected social and environmental impact of proposed projects in an effort to bring private sector solutions to existing development challenges. Dominovas Energy expects to receive the USTDA’s decision on the submissions within the next month"
I have a feeling this will never be mentioned again.
Cue John Fife.
DNRG nor would any other company put out a PR updating shareholders of FAILED goals/PR claims.
Those particulars, we investors have to surmise ourselves through clues in reading reports & emails, non-answered emails and perhaps missed timelines and increased authorized shares.
*Remember "GHS may play a key role in the successful deployment of the showcase unit"
Micheal Watkins
*Update, now DNRG INCREASE AUTHORIZED SHARES to 1,510,000,000 BILLION
An increase of shares by 213%
This could be a clue that DNRG is well over 50% of what was the 700,000,000 million A/S or perhaps with plans to.
DNRG May 31, 2015: 92,748,439 shares of common stock outstanding
DNRG May 31, 2016: 237,304,383 shares of common stock outstanding
In 12 months DNRG outstanding shares increased 256%
Per each quarter, DNRG ouststanding shares have increased by: 36,100,000 shares
[color=red]Next Q report we could have reached 300,000,000--350,000,000 shares outstanding (50% of Authorized 700,000,00 shares) [/color]
with perhaps no Rubicon or positive revenue?
If no productivity continues into October and possibly into November with no Rubicon, DNRG could be done for with most investors.
GHS Capital & Investments is owned & run by Mark Grober. GHS actually loaned DNRG money, which was the toxic lending that the DNRG still dealing with today.
Graecrest LLC has not loaned money to DNRG (the deal with Graecrest is contingent on meeting specific prerequisites & monetary assurances) Hence why there is no 8-K filed by Dominovas to this day.
DNRG May 31, 2015: 92,748,439 shares of common stock outstanding
DNRG May 31, 2016: 237,304,383 shares of common stock outstanding
In 12 months DNRG outstanding shares increased 256%
Per each quarter, DNRG shares have increased by: 36,100,000 shares
Next Q report we could have reached 300,000,000--350,000,000 shares outstanding (50% of Authorized 700,000,00 shares)
with perhaps no Rubicon or positive revenue?
At this present time, the lease on DNRG's warehouse/office is of greater value than the company's assests. If no productivity continues into October and possibly into November with no Rubicon, DNRG could be done for with most investors.
A conference call would have been needed if 2017 was looking to be a big year for Dominovas & the Rubicon. Loyalist may see otherwise but we can only wait and see how this ends or what this becomes.
DNRG nor would any other company put out a PR updating shareholders of FAILED goals/PR claims. Those particulars, we investors have to surmise ourselves through clues in reading reports & emails, non-answered emails and perhaps missed timelines.
Sept. 27 is 147 days and107 business days in 90 days full implemetation of the Rubicon PR from May 3rd.