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When was the last time one of Neal Allen's & Micheal Watkins PR's for Dominovas actually come to fruition?? Toxic financing doesn't count.
Has Science Professor Tien Chien or Head of School, Professor Andre Nel respnded to anyone's emails regarding Dominovas/Rubicon??
“The acquisition of Grupo Trébol catapults Dominovas Energy from a ‘pre-revenue’ company to an enterprise with a positive cash flow,” Eric Fresh, senior vice president of finance and investments with Dominovas, stated in the news release. “With this acquisition, Dominovas Energy has dramatically accelerated its goal to achieve net operating profits, which previously was set to commence in the next 9 – 12 months. The company now realizes immediate impact to its bottom line, while simultaneously and significantly bolstering its asset profile.”
Following this acquisition, Dominovas Energy is expected to be in a favorable strategic position to leverage a deeper suite of energy solutions for implementation across a collection of targeted global emerging markets, including those in Latin America.
(Marketwired - Feb 16, 2016)
Fife has an undeniable track record (not nonsense). You reiterating your mantra chant of an absurd figure with the financial debt and questionable toxic loans and missed timelines, that's SHOWBIZ Entertainment of the D-list kind...
"whenever you look at the companies that John M Fife's various entities have funded you get a list something like this:"
original post, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90634006
SAPX
SFMI
XDSL
MWIP
TAUG
NVNC
SWET
SDRG
PMBS
BONU
CSKH
EPAZ
BONZ
FLPC
DIDG
ECOB
CBAI
NBRI
HLXW
ARSC
And those are only a SAMPLE.
I finally got tired of looking them all up!
The only thing they have in common is an average price around ZERO.
I suspect most of them don't even trade anymore.
You have to wonder how can a guy make money lending to companies with minimal assets, no profits, and usually not even any revenues.
Oh, wait!
I forgot, all those loans were in the form of CONVERTIBLE bonds -- like the one CTTC just issued to Tonaquint.
The SEC says:
"Because a market price based conversion formula can lead to dramatic stock price reductions and corresponding negative effects on both the company and its shareholders, convertible security financing with market price based conversion ratios have colloquially been called "floorless", "toxic," "death spiral," and "ratchet" convertibles."
Oh, I get it!
PIPES, toxic convertibles, making money lending to broke publicly traded companies, fraud, etc etc -- it's so much clearer now.
I found more about John M Fife
ORIGINALLY POSTED by *Clermont on 03/15/14
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98874688
This guy is a very smart business man and US stock hedge fund "operator", "Manipulator", "Runner", "Scammer", "Frauder"......
Hedge fund owner John M. Fife
Amended Statement of Ownership (SC 13G/A)
http://ih.advfn.com/p.php?pid=nmona&article=51077397
** Based on 753,405,163 shares of the Issuer’s common stock which would be outstanding after a full conversion by Tonaquint of its two Secured Convertible Promissory Notes into an aggregate of 45,998,290 shares of the Issuer’s common stock. On October 31, 2011, 707,406,873 shares of the Issuer’s common stock were outstanding, as disclosed by the Issuer in its Quarterly Report on Form 10-Q filed on November 14, 2011.
"On September 5, 2011, reporting person Tonaquint, Inc. (“ Tonaquint ”) and the Issuer entered into a Note Purchase Agreement (the “ Note Purchase Agreement ”). Pursuant to the Note Purchase Agreement, Tonaquint purchased from the Issuer two Secured Convertible Promissory Notes (the “ Convertible Notes ”) in the aggregate principal amount of $2,531,000. Certain terms of the Note Purchase Agreement and the Convertible Notes are further described in Item 4 of the statement on Schedule 13G filed on December 16, 2011, by Tonaquint and its affiliates with respect to their beneficial ownership of the Issuer’s common stock.
As of December 31, 2011, the aggregate balance under the Convertible Notes was $1,931,928.19. The conversion price for the Convertible Notes is 70% of the lowest intra-day trading or closing price for the Issuer’s common stock during the 30 days immediately preceding the conversion date. The lowest intra-day trading or closing price for the Issuer’s common stock during the 30 days immediately preceding December 31, 2011, was $0.06 per share. Thus, on December 31, 2011, the Convertible Notes were convertible into 45,998,290 shares of the Issuer’s common stock."
Who is Tonaquint, INC. president(owner) John M. Fife :
http://investing.businessweek.com/research/stocks/people/person.asp?personId=7505107&ticker=UAHC:US
Mr. John M. Fife has been the Chairman of United American Healthcare Corp.(united american healthcare
(UAHC:OTC US) since October 19, 2010 and its Chief Executive Officer and President since November 5, 2010. Mr. Fife served as the President of Chicago Venture Partners, L.P., since 1998. Mr. Fife also served as the President and Chief Executive Officer of ISP Holdings, Inc. He has founded and successfully managed several small businesses. Prior to this, Mr. Fife was an Assistant Vice President of Continental Illinois Venture Corporation and played a key role in the identification, evaluation, and monitoring of control investments in four portfolio companies. Previously, Mr. Fife was a Consultant at Oracle Corporation for three years. Since 2004 he has been the Chairman of Pulse Systems, LLC and of Typenex Medical, LLC. He has been Director of United American Healthcare Corp. since October 1, 2010. He serves on the Boards of Directors of six technology companies and one retail concern. Mr. Fife has served on the Boards of each of the four CIVC portfolio companies. Mr. Fife holds an M.B.A. from the Harvard Graduate School of Business and a dual undergraduate degree in Statistics and Computer Science from Brigham Young University.
----------------------------------------------------------------------------------------------------------------------
John M. Fife is connected to 8 board members in 3 different organizations across 5 different industries.
His Corporate Headquarters*
303 East Wacker Drive
Chicago, Illinois 60601
United States
Phone: 313-393-4571
----------------------------------------------------------------------------------------------------------------------
This guy is a very smart business man and US stock hedge fund "operator", "Manipulator", "Runner", "Scammer", "Frauder"......
If Uni Core Holding Company did not associate with John M. Fife to have a fraud, criminal, SCAM , we would see UCHC stock pps running up back $0.06/pps plus.....because I believe his 46 million shares cost him over $2 million dollars (bought at $0.06/pps)....and he will not like his stock "drop to water" and become worthless..............But if only "SCAM" & "FRAUD" exist in UCHC that we would see pps continue to drop down to new lower( Holding company keep selling shares to exchange your $$$$$$$$$$$$$$$ to have it's "Capital fund".............never take care of shareholders (no dividend)
And this
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19972 / January 19, 2007
SEC v. John M. Fife and Clarion Management, LLC, No. 07-C-0347 (N.D. Ill.) (Kennelly, J).
SEC Charges Chicago Hedge Fund Manager, John M. Fife, and Clarion Management, LLC With Fraud
On January 18, 2007, the Securities and Exchange Commission (Commission) filed a complaint in the United States District Court for the Northern District of Illinois against John M. Fife (Fife) and Clarion Management, LLC (Clarion Management). The complaint alleges that in 2002 and 2003, Fife and Clarion Management engaged in a fraudulent scheme to purchase variable annuity contracts issued by the Lincoln National Life Insurance Company (Lincoln) for Clarion Capital, LP (Clarion Capital) in order to engage in market timing. Clarion Capital was a Chicago hedge fund formed to market time international mutual funds available through variable annuities. According to the complaint, at all relevant times, Fife controlled Clarion Capital and carried out the scheme through Clarion Management, the hedge fund's general partner and unregistered investment adviser. Fife, age 46, is a resident of Chicago, Illinois.
The complaint alleges that Fife and Clarion Management used deceptive tactics to purchase contracts and engage in market timing for the benefit of Clarion Capital. These tactics included using trusts and limited liability companies as nominee contract owners and beneficiaries to conceal Clarion Capital's financial interest in the variable annuity contracts. After the purchase of each contract, Fife and Clarion Management engaged in market timing until their activity was detected and restricted by Lincoln. The complaint also alleges that when Lincoln imposed certain trading restrictions, Fife and Clarion Management caused the trusts to surrender the contracts, and then used deceptive means to disguise the purchase of more variable annuity contracts, including using previously unused trusts and limited liability companies. Through this deception, the complaint alleges that Fife and Clarion Management made hundreds of thousands of dollars in profits for themselves at the expense of the other shareholders in the mutual funds.
The complaint alleges that Fife and Clarion Management violated Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The complaint also alleges that Fife violated Section 20(a) of the Exchange Act in his capacity as the control person of Clarion Management. The relief that the Commission is seeking includes disgorgement of Fife and Clarion Management's ill-gotten gains, plus prejudgment interest, and a civil penalty against Fife.
Fife settled with the SEC in 2007, agreeing to pay $530,000 without admitting or denying the allegations.
John M Fife, head of Tiberius, himself was accused of fraud by the Securities and Exchange Commission in an unrelated market-timing case a few years ago.
http://www.startribune.com/investor-sues-alleging-manipulation-of-mathstar-stock/69720717/
The lawsuit was filed Monday in federal court in Minneapolis by Tiberius Capital II, a private equity fund run by a Chicago investor -- John Fife -- who is seeking to buy up MathStar shares in a hostile takeover
[b[color=red]]If any of Tiberius' accusations are true, a lot can still happen with a defunct company on the pink sheets. The complaint details 11 counts of alleged securities fraud and other illegal maneuvers including[/color]:
•Pumping MathStar stock by calling shareholders when Tiberius was trying to acquire shares.
•Secretly arranging a merger of MathStar with a language translation startup in Wisconsin called Sajan Inc. without disclosing it at MathStar's annual shareholders meeting in Minneapolis in July.
•"Ramping" MathStar stock -- entering orders for the stock at the end of the day to artificially inflate the price.
•Launching a creeping tender offer -- illegally buying up shares to fend off Tiberius without proper disclosure.
•Failing to disclose conflicts of interest, such as that Feltl and Co. worked for both MathStar and Sajan at times, and that Richard Perkins, a principal of Perkins Capital Management and a MathStar director, didn't disclose that he had clients invested in both MathStar and Sajan.
"Recognized as Leader in Expanding Fuel Cell Applications" is the antithesis of where DNRG are at this very moment and where they have been for the last 15 months.
This is a start-up company at best that is still pre-revenue and might be for some time to come. Leadership is off and it displays itself with the many hires & fires within the last 4 months.
And with all the "expertise & experience", not to mention consultants their press release's seem to always fall short and miss the mark. Why make the claim "in 90 days full implementation", if you are not 100% confident. DNRG could have simply stated in Fall the first rubicon is to be deployed instead DNRG missed the mark and were forced to kick the can down the road into October and for some loyalists we bleed into November.
The City of David deployment??
"Power Africa couldn’t come together" said GE vice chairman.
Power Africa “was a well-intentioned effort, with a lot of smart people, a lot of willing participants, financial institutions and yet, for some reason, it couldn’t come together,” said John Rice, vice chairman of General Electric, in May at the World Economic Forum in Kigali, Rwanda.
“If you look today at the number of megawatts that are actually on the grid directly related to the Power Africa initiative, it is very little,” Rice said. Stakeholders are partly to blame for taking a short-term approach tied to election cycles, Rice said.
“When you are talking about infrastructure investments and power projects, you got to have the ability to get way past the next election. And if you don’t, those projects probably aren’t going to happen,” Rice said, according to a May 19 report in How We Made It In Africa.
- See more at: http://afkinsider.com/133095/power-africas-existential-crisis-some-say-it-has-fizzled-others-say-it-was-never-meant-to-happen-overnight/#sthash.61O9SdIU.dpuf
"Obama’s Africa Power Plan Falls Short, Leaving Continent in Dark"
http://www.bloomberg.com/politics/articles/2016-09-21/africa-left-in-dark-as-9-7-billion-obama-power-plan-falls-short
President Barack Obama’s signature initiative for Africa -- a $9.7 billion plan to double electricity access in the world’s poorest continent -- has fallen well short of its goals, so far producing less than 5 percent of the new power generation it promised.
Obama announced Power Africa three years ago with an ambitious goal: to add 10,000 megawatts of power and supply electricity to 20 million households within five years. As he addressed the U.S.-Africa Business Forum in New York on Wednesday, the project has yielded less than 400 megawatts of new power after running into political and economic difficulties.
“If you look today at the number of megawatts that are actually on the grid directly related to the Power Africa initiative, it is very little,” John Rice, vice chairman of General Electric Co., said in May at the World Economic Forum in Kigali, Rwanda.
Power Africa, he said, “was a well-intentioned effort, with a lot of smart people, a lot of willing participants, financial institutions and yet, for some reason, it couldn’t come together.”
The program’s shortfalls mean that when Obama leaves office, the nation’s first black president and the son of a Kenyan farmer won’t be able to claim a legacy-defining endeavor in Africa. By comparison, President George W. Bush’s signature initiative in Africa -- the President’s Emergency Plan for AIDS Relief, or PEPFAR -- provided drugs to fight HIV to more than 2 million people by the time he left office.
No ‘Magic Wand’
General Electric declined to make Rice available for an interview. Power Africa’s leaders say they are redoubling efforts to accelerate progress. U.S. agencies announced $1 billion in new loans and financing on Wednesday for projects in Ghana, Kenya, South Africa and elsewhere.
Obama administration officials say Power Africa was never expected to change the continent’s energy landscape overnight. The goal was to persuade the private sector to tackle Africa’s power shortages, not simply provide a government handout, said Andrew Herscowitz, Power Africa coordinator at the United States Agency for International Development. Results will take years, he said.
“You can’t just wave a magic wand and have all the infrastructure appear -- it takes time to build things,’’ he said. “A huge project doesn’t get built overnight. Not in the United States, not in Europe, not in China, not anywhere.’’
Herscowitz said Power Africa is backing projects across the continent, showing that the private sector is responding to U.S. efforts. A burgeoning market for solar panels is cropping up in places like Rwanda and Sierra Leone, and companies have committed more than $40 billion to dozens of Power Africa projects, he said. USAID estimates the initiative will ultimately provide electricity to 60 million households in more than 20 countries.
"Three years after launching Power Africa we’re seeing real progress," Obama said at the forum on Wednesday, citing solar power and natural gas projects in Nigeria and "off-grid" power generation elsewhere on the continent. "We’re on our way, and by 2030 I believe we can bring electricity to more than 60 million African homes and businesses."
But many of the successful projects claimed by Power Africa were under way long before the initiative began, and much of the progress touted on paper has yet to materialize in actual electricity.
Nigerian Outages
That’s evident on a visit to the main electronics market in Lagos, Nigeria, where shouting street vendors compete with hundreds of roaring generators that spring to life daily during power outages that last hours.
Even in the nation boasting Africa’s most potent economy, electricity is fleeting, and far too sporadic to keep this sprawling market reliably up and running.
“There was power supply this morning, but hardly did it last for one hour before it went off,’’ said Olajide Opemipo, a logistics manager who works in the market.
Sub-Saharan Africa has the world’s largest concentration of people without power. More than 620 million people in the fast-growing region lack a reliable supply of electricity, according to the International Energy Agency.
Power Africa enjoys some congressional support, suggesting it could survive Obama’s presidency. Representative Ed Royce, the Republican chairman of the House Foreign Affairs Committee, said the aim is for the private sector to continue to invest after Obama leaves office. He sponsored legislation, signed by Obama in February, that encourages future administrations to continue investing in Africa’s power sector.
“All of us understand that dealing in Africa in terms of development work is a long process,’’ he said. “You’ve got 600 million people in the dark in Africa without electricity --so it’s going to take time.’’
‘Many Years’
Obama pledged to provide “light where currently there is darkness’’ and double access to power across sub-Saharan Africa when he introduced Power Africa in 2013.
The initial five-year time line for the program was later increased to 15 years, and the goal for increasing electricity access expanded to 60 million households by 2030, the target Obama cited Wednesday, up from 20 million. The initial $7 billion commitment has increased to almost $10 billion.
“An undertaking of this magnitude will not be quick,’’ he said last year in Addis Ababa. “It will take many years.’’
Power Africa officials say they are on track to meet their target of adding 30,000 megawatts of power by 2030. The initiative has closed deals to add 4,600 megawatts to the grid, though plants producing less than 400 megawatts have been built so far.
In Nigeria, a U.S.-backed effort to privatize power plants would add about 2,500 megawatts to the grid. But the expected gains haven’t materialized and the country’s power generation has fallen to a decade low of about 3,000 megawatts this year.
“The situation is not getting better and we are not seeing results,” Opemipo said when asked about Power Africa. “If I were to rate them, I would give them zero because I don’t know when the initiative started and what they have contributed so far.”
Political Dysfunction
Policy decisions and political dysfunction on both sides of the Atlantic Ocean have hampered the effort.
In the U.S., congressional gridlock over the Export-Import Bank has handicapped progress. The bank, which lost its charter for several months last year, was slated to provide $5 billion in financing out of the initial $7 billion U.S. commitment.
It has only provided $131.5 million so far, and hasn’t approved any additional financing since July 1, 2015. An aide at the bank said Senate Republicans’ refusal to fill vacancies on its board has left financing for several Power Africa projects stuck in limbo. Without a quorum, the bank can’t approve deals worth more than $10 million.
In Nigeria, a change in political leadership, currency controls and an economic recession sparked by falling oil prices have spooked investors.
Suspended Plans
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Transnational Corp. of Nigeria Plc, an affiliate of one of Power Africa’s largest partners, last month suspended plans to build a $1 billion power plant, citing a surge in militant attacks on oil pipelines. Another project, the Azura-Edo Independent Power Plant, was delayed for months due to regulatory obstacles. The 450-megawatt plant is now moving forward, in part due to legal assistance from U.S. advisers, Herscowitz said.
“The regulatory environment is quite rigid,’’ said James Nicholas, co-founder of Global Business Resources USA, which plans to build two solar plants in Nigeria. “It’s bureaucratic.”
Power Africa’s delivery of results in Nigeria and elsewhere could determine whether the next U.S. president continues to invest in the continent’s power sector. Obama hasn’t devoted much of his public time to Power Africa, and the project lacks a high-level champion in the White House, said Todd Moss, a senior fellow at the Center for Global Development, a Washington research group.
“I worry that the sustainability of the initiative is at risk when a new administration comes in and they have their own priorities,” said Moss, a former assistant secretary of state in the Bureau of African Affairs.
Royce said investors see promise in a region where many consumers spend billions of dollars on expensive and dirty diesel generators. Power Africa counts Goldman Sachs Group Inc., Alphabet Inc. and Citigroup Inc. among its corporate partners.
Recognizing the challenges and delays that come with constructing full-fledged power plants in the continent Power Africa is shifting its focus to faster, off-the-grid energy projects like solar panels, Herscowitz said.
Solar companies in Tanzania, Kenya and Rwanda serving thousands of customers have been funded by the program, he said.
“It’s challenging,’’ he said. “If it weren’t challenging, you would not need Power Africa.”
The U.S.-Africa Business Forum is co-hosted by Bloomberg Philanthropies, which manages the charitable work of Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.
If you didn't think is was worth 1 try!! why would we try?
I can tell you have a few reservations, but it could be more value or bang for the buck, I feel nervous!?1?!
But that's life, from what all the people say! Some folks get there kicks stomping on a dream?
Well! Guess who's back in circulation... Someone is in love and she's right on time with a whole bunch coming our way.
Let's see what your words lead up to? Hopefully you make the board proud or are you looking for trouble?!
"DNRG plans to enter into discussions with its convertible debt financing partners for the potential repayment of the convertible notes with cash instead of shares" PR from June 30th
Response from DNRG: "We have not yet completed the removal of our dilutive financing, but that remains an objective of the Company"
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
Response from DNRG: "We have not yet completed the removal of our dilutive financing, but that remains an objective of the Company"
Sept 19, 2016 will be 101 "Business Days" and 139 days since the May 3rd PR proclamation
Aug 1, 2016 was 90 days from the May 3 PR for deployment of the 50kw Rubicon in SAU.
Sept 7, 2016 was 90 "Business Days" from May 3rds PR "within 90 days"
the 50kW RUBICON™ system is set for delivery and full implementation within 90 days and will serve as a demonstration unit for future Edison Power Group sponsored multi-megawatt, utility scale deployments in Africa.
http://dominovasenergy.com/dominovas-energy-launches-the-first-rubicontm-sofc-project-in-south-africa/
So your answer is no?
but that's just wishful thinking or a contingency. Anything insight to add?
insight as to your train of thought?
At this point what does this business own as opposed to their liabilities?
DNRG liabilities way exceed their assets and that's a problem.
Let's see if shareholders get news on the 50Kw deployment this week or back to hiding under a rock.
the balance sheet, the basics of even accounting in other words, what you have minus what you owe is what your worth Neal Allen & Micheal Watkins have DNRG liabilites at over $16,000,000 million dollars with $5,000 in cash on hand in the 10Q. The company is at this moment not worth anything. You and I are worth more than this DNRG because we DO NOT HAVE liabilities at over $16,000,000 million dollars.
Christian King, What happen to this guy (he was just hired)??
This was Vice President Operation & Logistics who's now gone. Three other key team members are also gone
http://dominovasenergy.com/leadership/
https://www.linkedin.com/in/christian-king-0b4a3a76?authType=name&authToken=DeeJ&locale=en_US&srchid=3215975901462653791611&srchindex=6&srchtotal=7&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A3215975901462653791611%2CVSRPt
This came from poster: Cambogia
"He was a 24 year old associate project manager for a really small minority owned firm , he had no experience with project Managment. The description of him as a rising star had many rolling on the floor laughing. They never checked his references at all. Neal the CEO is a former boxing promoter and sports agent his specialty is hype, pure and simple. Calling his new hire a rising star was 100% hype. Christian was never an international project manager. He is not a PMP. Neal was attempting to exploit the relationships of the small firm . THis firm is pure hype"
Where has are "SEE YOU AT A $1" friend's posts gone to??
Please point to where DNRG states that the company is financially stable and fit and has adequate funds in cash or otherwise?
"Lets not forget Watkins himself said GHS capital "may play a key role" here in the success of the 50KW showcase unit
http://blog.qualitystocks.net/dominovas-energy-corp-dnrg/dominovas-energy-corporation-dnrg-unveils-strategy-to-restructure-and-eliminate-convertible-debt/
Pay attention to both PR's, one is from the DNRG site the other from Quality Stocks. Same PR headline but not the same information.
http://dominovasenergy.com/dominovas-energy-announces-plan-to-restructure-and-consolidate-outstanding-debt/
the 50kW rubicon has a $1,000,000 price tag & still need more money.
Aug 1, 2016 was 90 days from the May 3 PR for deployment of the 50kw Rubicon in SAU.
Sept 7, 2016 was 90 "Business Days" from May 3rds PR "within 90 days"
Sept 19, 2016 will be 101 "Business Days" and 139 days since the May 3rd PR proclamation
the 50kW RUBICON™ system is set for delivery and full implementation within 90 days and will serve as a demonstration unit for future Edison Power Group sponsored multi-megawatt, utility scale deployments in Africa.
http://dominovasenergy.com/dominovas-energy-launches-the-first-rubicontm-sofc-project-in-south-africa/
"The physical deployment of the RUBICON™ in the Democratic Republic of Congo is expected to begin in Q4 of 2016"
http://www.marketwired.com/press-release/dominovas-energy-enters-second-power-provider-agreement-democratic-republic-congo-otcqb-dnrg-2030052.htm
DNRG had 18 months to deploy 3MW which is a requirement. The 18 months runs out Dec, 2016.
"As part of its commitment to the Power Africa Initiative, Dominovas Energy intends to:
Support and advance the Power Africa goal of providing access to clean, reliable energy, and efficient energy via its commitment to expanding capacity through projects like the City of David project in the Democratic Republic of Congo, a project that requires an initial deployment of three-megawatts (3MW) of power over the next 18 months."
https://www.usaid.gov/powerafrica/privatesector#dom
Any word on a conference call, too many impending issues for there not to be one.
2017 will be it for DNRG. A make or break year for Allen & Watkins.
Can we expect Rubicon news tomorrow? Or is the consensus now October for the Rubicon?
We'll see if Dominovas is viable and real with the ESIA report! (Environmental and Social Impact Assessment) I doubt DNRG will ever release the ESIA report. It has been 5 months in progress.
The ESIA report was "in progress" before the PATT APP updated the look of the their app. The report will offer specific insight as to DNRG plans.
From Power Africa on ESIA:
"A number of conditions must be met for a project to demonstrate financial and commercial viability. One such condition is whether there is demand and market for the electricity, including the adequacy of 1) the current and future local/regional demand and market, and 2) the current and future transmission and distribution infrastructure to ensure that there are no overarching system constraints (that is, the existing or proposed distribution network must ensure that the local network has the capacity to accept new power generation for distribution to end users or for regional export). Others include the 1) availability of a long-term PPA (and a take-or-pay structure), 2) a creditworthy off-taker and credit enhancements if necessary, 3) a cost-reflective and competitive tariff , 4) strong cash flow to repay project debt and maintain an adequate debt service coverage ratio (DSCR), and 5) a reasonable rate of return (IRR) to the project developers when combined with equity."
It will have been 95 business days tomorrow (Tues, 9/13/16) since May 3 PR: "Launched in partnership with the South Africa-based Edison Power Group (EPG), the 50kW RUBICON™ system is set for delivery and full implementation within 90 days and will serve as a demonstration unit for future Edison Power Group sponsored multi-megawatt, utility scale deployments in Africa"
Is the understanding now that the Rubicon implementation is set for October??
http://dominovasenergy.com/dominovas-energy-launches-the-first-rubicontm-sofc-project-in-south-africa/
Sidenote: Dominovas has let go of a few "Key Team" personal since the above May 3, 2016 "within 90 days" PR.
Personal no longer listed on DNRG.com "Key Team"
Leeshan Ramasamy
Managing Director, Currentergy
Kreneshen Moodley
Managing Director, sub-Saharan Africa
Christian King
Madagascar
Mansur Nuruddin, Esq
MNCapital Africa Advisors
$704,002 Unpaid Wages Still Due. This could be why Key Team Personal has been let go or quit ?
"As of May 31, 2016 unpaid wages of $704.002 (August 31, 2015 - $577,576)
were owed to the related parties and are included in accrued liabilities"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124769675
DNRG has let go of Key Team personal:
Names taken off the DNRG site recently under "Key Team" http://dominovasenergy.com/leadership/
Leeshan Ramasamy
Managing Director, Currentergy,
Kreneshen Moodley
Managing Director, sub-Saharan Africa, who's titled had changed twice since March.
Names taken off the DNRG.com back in July
Christian King
Madagascar
Mansur Nuruddin, Esq
MNCapital Africa Advisors
https://medium.com/@PowerAfrica/changing-careers-from-medicine-to-renewable-energy-f6f95fde0802#.u56t7pn24
https://www.facebook.com/PowerAfrica/photos/a.907430709340511.1073741828.893704437379805/1048362768580637/?type=3&theater
"The feasibility study for our first plant was funded by the U.S. Trade and Development Agency (USTDA), one of the 12 Power Africa U.S. Government agencies"
HYDRO POWER. This is what Dominovas Energy is competing with DRC.
it would be a favorable sign if Power Africa posted a piece on Dominovas & the city of david on their Facebook page.
https://azurawa.wordpress.com/page/19/
Starts from the bottom & go back up with the link above.
Dom's 1st project will not be completed in 4th quarter of 2016 or even in the 4th quarter of 2017. More than likely looking at 1st quarter of 2018 being the earliest for city of david and the other Dominovas projects which some look to be way larger than 3MW. One Dom project is 200MW which might not completed until 2019-2020
IF Dom doesn't fail by way of all the toxic financing THEN we are still roughly 36 months out before Dom have a Rubicon in place at the City of David. The reasoning be the city of david is a NEW CITY with NO INFRASTRUCTURE that just broke ground 2 months ago.
Point being that the INFRASTRUCTURE doesn't exit in DRC for DNRG projects to be completed in 18-24 months.
"What does it take to build a 459MW #powerplant? Follow this photo blog to watch progress on Azura-Edo in #Nigeria https://goo.gl/X4wuYf"
What does it take to build a 459MW #powerplant? Follow this photo blog to watch progress on Azura-Edo in #Nigeria https://t.co/vVV7GyD7L5
— Andrew Herscowitz (@aherscowitz) August 9, 2016
#GlobalDevelopment doesn’t happen overnight. This is a long-term agenda. We need U.S. leadership for years to come. @rkyte365 #PowerAfrica
— USAID (@USAID) July 20, 2016
"Obviously for the big, grid-level projects, flipping the switch doesn’t happen overnight. That’s why we’ve have grid rollout as a priority — an opportunity to get people connected who live close to the grid. We want to figure out how to get a significant number of people across the continent actually connected to the grid. Where that can’t work, we have Beyond the Grid"
"Africa boasts some of the world’s fastest-growing economies, but its growth potential is limited by poor energy infrastructure, with only a third of the population of Sub-Saharan Africa having access to power" Andrew Herscowitz; US #PowerAfrica Coordinator:
http://www.gereports.com/it-takes-a-village-to-power-africa-qa-with-andrew-m-herscowitz/