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"From the inception from DNRG on October 16, 2003, until the date of this filing we had no revenues. For the fiscal year ending August 31, 2015, we had a net loss of ($7,261,713). From DNRG inception to August 31, 2015, we had a net loss of ($13,816,940)"
I know what you're asking DNRG name wasn't around in 2003 but the other "COMPANIES" Western Standard which made NO MONEY was around.
DELAWARE, NEVADA & WYOMING all 3 have one unfortunate thing in common. And DNRG & GHS share the same commonality.
https://www.sec.gov/Archives/edgar/data/1343254/000116552715000617/g8122.htm
GHS, Neal Allen, Micheal Watkins found a way to make a crooked dollar by way of engaging in TOXIC FINANCING. Then planning the death of Dominovas Energy that some how FOUND Dr. Shamiul Islam and this "Rubicon" technology that is esstinally only an added REFORMER to fuel cell stacks.
And yet the US GOVERNMENT & it's Associates/Attorneys with Power Africa still haven't caught on or simply don't CARE what ALLEN & WATKINS are REALLY in the BUSINESS of DOING. It says EVERTHING about the current state of WORLD AFFAIRS right here. Anything to make a BUCK and NO VETTING of the individual players in this company. Cause if the government vetted them they would have found I found but then again Sarah Palin ALMOST become VP of the United States.
GHS Capital LLC
by br5491952 @ Nov. 16, 2015, 6:54 p.m.
"It appears that Toby is setting the company up to hand over to GHS Capital LLC. It's a shame that Toby basically dumped on all the long term stock holders (I've been in this for almost 2 years), to line his and the management teams pockets. At this point it doesn't make sense to sell what one has. We will see what happens, but I would not count on anyone making any money other than GHS, Toby and the management team. To bad, as this had the potential for everyone to come out ahead"
http://99wallstreet.com/discussion/posttitle/ghs-capital-llc
The FACT that Dom WANTS to continue a RELATIONSHIP with GHS Capital/Investment should PROOF POSITIVE that DNRG MGMT behind the scenes KNOW they don't EVER PLAN to be CASH FLOW POSITIVE or a functioning company!!
Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statement to be included in the subject report or portion thereof?
[ ] YES [X] NO
ABOVE from FORM 12b-25 ----- NOTIFICATION OF LATE FILING by Dominovas Energy
Lets see what they come with or if they change their plans at the LAST SECOND. For others here's the link to 10-Q LATE FILING
10-Q LATE FILING link https://www.sec.gov/Archives/edgar/data/1343254/000116552716000826/0001165527-16-000826.txt
this is the trick here "no plans in place to add NEW DEBT or operational capital IN CONNECTIONS with its restructuring plan BUT A FUTURE AGREEMENT COULD PLAY A KEY ROLE" Now is that future agreement MORE CONVERTIBLE DEBT cause GHS CAPTIAL specializes in only that form of financing.
"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"
http://www.4-traders.com/DOMINOVAS-ENERGY-CORP-16337621/news/Dominovas-Energy-Corp-oration-DNRG-Unveils-Strategy-to-Restructure-and-Eliminate-Convertible-Debt-22605322/
I'm sure there are folks that just follow GHS CAPITAL/INVESTMENTS & RBB CAPITAL around and just SHORT THE HELL out that those STOCKS cause its a SURE BET what direction the price will go.
Doesn't it seem weird that the financing company (GHS) that's unloading on this stock was mentioned by the COO of DOM, Micheal Watkins that "a future agreement could play a key role in Dominovas Energy’s efforts to build on the successful presentation of its 50kW RUBICON.
These kind of statements display the lack of business experience & awareness by Watkins & Allen. WHY look to GHS when you have a list of possible lenders with Power Africa, unless the lenders in Power Africa see something intrinsically WRONG with DNRG & it's MGMT or their technology (that makes sense at this point). GHS destroyed TBEV shares and it looks like GHS may destroy DNRG shares with the help of Watkins & Allen.
Micheal Watkins statement "we are in the business of doing GOOD business" may be another mistruth.
I wish they would clarify the relationship with Delphi. Folks have been given the impression that the MOU is still in place even though Delphi has be remove from the DNRG site but STILL listed here on iHub. No mention of Solid Power(NEW fuel stack supplier) on Dom's site or here on iHub.
At this point I have to agree with not only you but Smokey, Tideradio, TKT, Inspector J, man, Neophius. With what I found today with regards to GHS/RBB Capital and Blue Earth Inc. I have yet to FIND one Company that GHS/RBB Capital has financed that has come out ahead or even up-listed. GHS/RBB have financed Companies that ONLY become DEPRESSED as Watkins explained.
Let's see what PR comes out of the next few weeks with regards to the 10-Q & UJ deployment. Reminder GHS could play a KEY ROLE with the "success" of the 50kW South Africa deployment. Wouldn't be caught off guard if they let the stock die then RS. Watkins said with regards to a RS "they are in the business of doing GOOD business" lets see what he meant...
because WE invested in a company that MISREPRESENTED themselves on several occasions.
PLEASE READ: Sec. 21B, SECURITIES EXCHANGE ACT OF 1934
(C) has willfully made or caused to be made in any ap- plication for registration or report required to be filed with the Commission or with any other appropriate regulatory agency under this title, or in any proceeding before the Commission with respect to registration, any statement which was, at the time and in the light of the cir- cumstances under which it was made, false or misleading with respect to any material fact, or has omitted to state in any such application or report any material fact which is required to be stated therein; or
(D) has failed reasonably to supervise, within the meaning of section 15(b)(4)(E) of this title, with a view to preventing violations of the provisions of such statutes, rules and regulations, another person who commits such a violation, if such other person is subject to his supervision; (2) CEASE-AND-DESIST PROCEEDINGS.—In any proceeding
instituted under section 21C against any person, the Commis- sion may impose a civil penalty, if the Commission finds, on the record after notice and opportunity for hearing, that such person—
IF you care to educate yourself more read: https://www.sec.gov/about/laws/sea34.pdf
GHS Investment (AKA MARK GROBER) Is ALSO RBB Capital LLC
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Q33oFm6uMg7BHWtPe77Shw%253d%253d&nt7=0
Address for BOTH RBB Capital LLC & GHS Investments LLC (SAME SUITE #)
200 Stonehinge Lane Suite 3, Carle Place, New York 11514
Does GHS have a finance lenders license at all?
I know they are now "based" in NV.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117611304
So GHS could play a KEY role in the presentation of 50kW Rubicon in South Africa. Why would GHS have to play such a role. Why isn't MN Capital taking on this KEY role here? I notice that we never actually get any real name or associate names just GHS Capital. Doesn't make good business sense to have GHS Capital, a known toxic financier in a KEY role with ANY kind of deployment, no matter how small.
What's also interesting in DOM's last PR was these two sentences about GHS Capital.
"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 ™(What does that mean?) 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"
A concern to add to the list is WHY did DNRG state "The Company is also in discussions with GHS Investments regarding long-term equity financing strategy that is not a convertible debt structure" THIS THEY ARE IN TALKS IN but the other concern they have PLANS to discuss.
If the $1.2 BILLION by Graecrest is set & the just hired MNcapital-africa for $4K monthly will be raising capital for them for the next 12 months & Grupo Trebol that nets exceed $1 million in profit that DNRG "agrees" to Acquire. WHY state then that they "ARE IN DISCUSSIONS" with GHS for long term equity financing while they state they have "PLANS TO" enter into discussions for convertible debt financing partners for the "potential"repayment of the convertible notes with cash instead of shares. Seems VERY SHADY & SLIMLY BUSINESS PRACTICES. Why the need for LONG TERM EQUITY from of all "companies" GHS If the 1st three mentions are REAL??
A BLIZZARD of mistruths and when you lie everyday it stops becoming note worthy & harder to hold accountable for so many inconsistencies here with ALLEN & WATKINS stories..
In no way is a RS out of the question. Don't be surprised if it comes right in-between the 10Q & 50kW deployment time.
"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. The Company is also in discussions with GHS Investments regarding long-term equity financing strategy that is not a convertible debt structure"
"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"
Sounds like they are thinking about a RS to me. Notice how DNRG said "It plans to" enter into discussions not that they already have. If MGMT was serious they would have said DNRG has enter into discussions not planning to at some point like after a RS.
GHS Capital is doing a pretty good job of STOPPING DNRG's PPS increase.
Seems more like NOTHING CAN STOP DNRG's PPS FROM GOING DOWN!
the 10-Q is out next week. Lets hope grupo trebol revenue shows up on the 10-Q report.
10Q in 8 days // deployment in 17 days // Show & Tell Time Is Almost Here! Good, Bad or Indifferent Time Is Winding Down.
Still Wonder about the ESIA Report from Dominovas Energy? Since the PATT App was redone and no longer displays the statues of ESIA report from any of the companies listed on the PATT App.
If the Rubicon is set for August to be FULLY installed at the University, I'd have to bet that Dominovas Energy personally & engineers are on site at UJ as we speak. Just wonder when we see photos?
Dom's unit should be a quarter of the size of the 1.4MW unit in the photo (which would be difficulty to hide)
http://www.fuelcellenergy.com/wp-content/gallery/photo-library/1-4mw-university-night.jpg
Solid Power, wonder why DOM hasn't listed them as strategic partner yet.
http://www.solidpower.com/en/home/
Could Grupo Trebol revenue end up showing on the next 10Q?
Grupo Trébol operates with minimal debt and more than ~US$2.5 million in verifiable assets, generating a number exceeding US$1 million in net operating profits with ~US$5 million in annual revenue.
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.
One hundred percent of phase 1 project costs for deployment of RUBICON™ systems are covered in this first tranche of financing. Dominovas Energy remains on schedule and on budget for 2016,” Allen continued.
said Neal Allen, Chairman and CEO. “With $1.2 billion secured for the phase 1 manufacturing and installation of the RUBICON™, we have put in place the building block that supports our innovation in engineering this next generation technology for the commercial production of clean and sustainable baseload power via the proprietary RUBICON™.”
Does anyone here believe the showcase unit about to be deployed in SA, may serve as a make or break deal for Graecrest. If the 6 month efficacy testing goes well could that also enact an ACTUALLY 8K filing with the Garecrest financing? or is the belief that the deal is off the table at this point?
Reason I bring this up is do to the timing of the SA deployment and the length of the testing time. 6 months is right at the 4 quarter ending, right around the time of what would be the City of David 3MW deployment. Could a PR be released giving a us a "in 90 days" the 1st multi MW Rubicon will be deployed (meaning an April/May 2017 installation) in DRC?
10Q in 13 days // deployment in 22 days // DEFINITELY READY for BOTH
IF DOM ends up doing a RS at these prices in the next few months, to me that indicates they are NOT going to see revenue for YEARS on the PPA's. Indicates as well they WAITED TOO LONG to hire folks like Nuruddin & Contreras to guide them with managing Dominovas Energy as a startup. Highlights that FRESH was a BAD CHOICE for the Company, a decision made by ALLEN & WATKINS cause if the Graecrest $1.2 billion isn't still on then what did ERIC FRESH accomplish??
I would hope for a different scenario, one where DNRG implemented a RS in order to UPLIST to the NASDAQ.
Derrick W R Townsend The only concern I have is corruption. I just saw VPCO do a reverse split and totally destroy its shareholders for no reason at all. It was not necessary. These companies do not care about shareholders. So I'm just worried if DNRG will act like the rest of OTC stocks and do a reverse split and we lose 99 percent of our investment? Or dilute the stock for no reason. I just have a bad feeling that even if this works out, the company will screw all of us
1 · March 18 at 9:18am
Michael Watkins
Michael Watkins Derrick, we are in business of doing good business. We respect and appreciate the number of individuals that have joined our mission and look forward to being of great benefit to each as we grow and mature as a company.
3 · March 18 at 9:28am
Derrick W R Townsend
Derrick W R Townsend Michael Watkins why don't we hear directly from DNRG with a full corporate update Good or bad?
March 18 at 9:34am
Michael Watkins
Michael Watkins We only report things we do. We could easily exercise and play within the game of hyperbole and 'I'm gonna', but we think that is dangerous, irresponsible, and not fair to investors interested in the genuine well-being and growth of the company. What I can assure you is we are working diligently on your behalf and each of our investors.
4 · March 18 at 11:26am
Derrick W R Townsend
Derrick W R Townsend U guys were busy with news releases when the stock is in double digits! Where is all the selling coming from? Now it's pennies and u guys r quiet. It's hard to believe u guys r credible!
March 18 at 12:34pm · Edited
Michael Watkins
Michael Watkins If we were not credible, you probably wouldn't not take the time to reach out. IMO That being said, what you may be is a little frustrated. What I will ask simply is that you keep in mind there are various cycles to growth companies. We take a few steps forward and then lock in; we progress further and we shore up further. We are who we say we are. Thanks.
4 · March 18 at 1:29pm · Edited
Derrick W R Townsend
Derrick W R Townsend I hope so because if u burn us I will personally report u to the SEC!
March 18 at 1:31pm
Exactly! no one is an expert hence why asking IF A or B preferred shares (DNRG MGMT SHARES) would benefit from a REVERSE SPLIT, since preferred shares can have features or a combination NOT possessed by COMMON SHARES mean US!
In the case of a REVERSE SPLIT is there ANY way in which DNRG MGMT's A or B preferred shares are NOT effected by the reverse split??? In which case they only benefit/gain from that implementation of a reverse split and then SELL???
What causes doubt for me is the way DNRG goes about releasing PR's and there word choices.
"WITH THE SUCCESSFUL PRESENTATION OF 50KW SHOWCASE" is that statement REALLY TRUE? Isn't Edison Power Group conducting a 6 month efficacy standards, testing for fuel consumption, capacity factor, ability to deliver its full capacity. Pollutant Emissions, sound level, fuel quality.
This makes me feel as if DNRG MGMT either forgets what they've said or just in over their heads do to the LACK OF REAL BUSINESS EXPERIENCE at this LEVEL of RESPONSIBILITY, specifically ALLEN & WATKINS. It's like they just talk themselves up and then they STAY QUIET as though they never said a WORD in the 1st place.
Let's see if this rings true: "Given the Company's current production schedule, we could not be more excited about the opportunity before us today. By August of this year, Dominovas Energy will have the first RUBICON™ SOFC unit operating in sub-Saharan Africa -- more than a year in advance of the commercial operations date (COD) for our first scheduled deployment."(*tells me NO 2016, 4th quarter 3MW, City of David deployment!) Watkins went on to say, "The partnership agreement with Edison Power Group includes the minimum deployment of 50MW over the next 5 years of Dominovas Energy's RUBICON™ fuel cell system."
Let's not forget Dr. Pat Naidoo is a paid CONSULTANT for the South Africa deployment. More money spend just hope it's wisely...
50kW Rubicon deployment has to be EXCUSE FREE! Otherwise price will hit $0.001 This stock obviously won't be able to handle the uncertainly or delay with the 50kW deployment toppled with the TOXIC DEBT!
OF COURSE I do. We clearly agree that ALLEN,WATKINS & FRESH are not master communicators (they should stay behind the scenes) but Mr. Mansur M. Nuruddin & Alejandro Contreras should have the experience not just with their EDUCATIONAL background but actually work experience that has led to substantial success for them individually.
We need TOP SHELF professionals handling the CONFERENCE CALLS for the Company! Also a great way to see what Nuruddin & Contreras are made up.
I remember, "The physical deployment of the RUBICON™ in the Democratic Republic of Congo is expected to begin in Q4 of 2016"
REVENUE would be $107,000,000 million over the course of 15 years! So $7,000,000 yearly!
Hopefully after August DOM will speak about project deployment timelines.
Wouldn't DRC, City of David be the 1st project that needs financing?
MN Capital stated in their letter that a 16MW Hydro in Madagascar would be the 1st financing project.
Clarity is needed. How about a CC with Mr. Mansur M. Nuruddin & Alejandro Contreras,
Finance Manager for DNRG. Next month will have been a YEAR since the last conference call.
Might the 10Q tell us if Graecrest $1.2 billion has been put into play?
10Q in 3wks/July 20-24
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,"
Let's see if us shareholders see FOLLOW THROUGH with this statements
ALSO will DNRG make the ESIA report available?? that report is very IMPORTANT!
what's still in question for DNRG is WHEN will they SEE REVENUE? City of David or has the PLAN CHANGE to HYDRO?
The cost of electricity generated by hydropower is generally low although the costs are very site-specific.
The levelised cost of electricity (LCOE) for hydropower refurbishments and upgrades ranges from as low as
USD 0.01/kWh for additional capacity at an existing hydropower project to around USD 0.05/kWh for a more expensive upgrade project assuming a 10 % cost of capital. The LCOE for large hydropower projects typically ranges from USD 0.02 to USD 0.19/kWh assuming a 10 % cost of capital, making the best hydropower power projects the most cost competitive generating option available today. The LCOE range for small hydropower projects for a number of real world projects in developing countries evaluated by IRENA was between USD 0.02 and USD 0.10/kWh, making small hydro a very cost competitive option to supply electricity to the grid, or to supply off-grid rural electrification schemes. Very small hydropower projects can have higher costs than this and can have an LCOE of USD 0.27/kWh or more for pico-hydro systems.