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The thing is we don't know if the deal with Solid Power is any better than Delphi at this point, that's a bad deal too. An 8-k might let us know the what the deal really is with Delphi.
Delphi just might be out of this Dominovas MOU deal. If this comes out as true we will see sub-pennies.
But the root of the problem here is you Dominovas Energy MGMT. Neal Allen, you have built a business that works really well for you and for Dom, but it doesn’t work well for shareholders.
"Dominovas Energy will continue to engage with AVL and SOLIDPower to support its multi-megawatt deployments in South Africa"
Once again another mystery. We know over the next 5 years a minimum deployment 50MW has to be expected in South Africa, ok. Why has Delphi been left out of South Africa's Rubicon deployment?
Dom & Delphi MOU
"The parties expressly understand and agree that neither party shall have any obligation or commitment to enter into an Agreement or to otherwise engage in business activities with the other party unless and until the terms of such business relationship is accepted by the parties' respective management and the Agreement is executed by authorized representatives of both of the parties. The parties agree that the terms of this MOU are not legally binding"
"Any inventions, including all intellectual property rights thereto, arising out of the work performed solely by Delphi under this MOU and/or the contemplated Agreement, including without limitation any related to integration of the SOFC Stacks with the DEC System, (the "Delphi Inventions") shall be owned exclusively by Delphi; provided, however, that for a period of five (5) years after the execution of this MOU, Delphi will not sell products containing the Delphi Inventions or otherwise make the Delphi Inventions available to competitors of DEC in the countries of the following emerging markets: Africa, South America and the Caribbean. DEC shall not analyze, attempt to reverse engineer, or attempt to modify the SOFC Stacks provided by Delphi, so it is not contemplated that DEC personnel would make any inventions based on or derived from the SOFC Stacks. However, in the event that DEC personnel do make any invention based on, or derived from, the SOFC Stacks, such inventions, including all intellectual property rights thereto, shall be owned exclusively by Delphi. In the event that DEC and Delphi collaborate on inventions based on, or derived from, the DEC Systems incorporating the SOFC Stacks, such inventions, including all intellectual property rights thereto, shall be jointly owned by DEC and Delphi"
Be nice to know if Dom had to give Solid Power a share/cut of the company or what the agreement between Dominovas Energy & Solid Power is???
Dr. Pat Naidoo Consulting Engineer website; http://patnaidoo.co.za & http://www.saiee.org.za/News/DisplayNewsItem.aspx?niid=44098
http://www.ee.co.za/article/engineers-must-lead-top.html & http://www.eskom.co.za/OurCompany/Leadership/Pages/Board_Of_Directors.aspx
Seems like Dr. Naidoo might be a long term Consulting Engineer for Dominovas.
Shantan Reddy of Edison Power Group:
http://www.esi-africa.com/features/exclusive-interview-with-shantan-reddy-deputy-chairman-edison-power-group/
http://www.edisonpowergroup.co.za/index.php/renewable-energy
http://www.edisonpowergroup.co.za/index.php/2012-06-19-09-35-50
Vivian Reddy could be Shantan Reddy's father?
http://www.edisonpowergroup.co.za/index.php/features
Dr. Naidoo's fee as a special consultant to Dominovas Energy?
https://www.facebook.com/dominovasdnrg/
Strong feeling back in August we saw the 1st & only conference call Dominovas Energy will EVER do.
So, I have to guess Delphi is out & Solid Power is the NEW in? but no 8-k's?? How much is Dom saving by going with Solid Power? Is the Rubicon still the lead product or the ORCAS? Are there any bids/PPA out currently on the ORCAS?
How much is this new division costing Dominovas Energy? Will this new division affect the "buying" Grupo Trebol? Has Dom acquired any new PPA's in Africa or other parts of the world? Any news on dealings out of Angola?
Has Dom secured the lead contractor yet and are they involved with Power Africa? I know Tetra Tech, ES Inc., is the lead contractor under the Power Africa Transactions and Reforms Program (PATRP). Are they dealing with them? I know the company Tetra Tech is hiring for there South African division.
What about Al-Rushaid Technologies & Group is the MOU still there like Delphi?
Is Dominovas currently planning on hiring more personally? Will we get an 8-k for Edison Power Group partnership or is this not a legally binding partnership?
What is the Company’s current production schedule for deployment. There has never been anything official to refer . The 4th quarter 2016 deployment has now changed.
Can we expect the 50kW RUBICON™ producing over 430,000 kilowatt hours of clean, fuel cell generated electricity each year to be a revenue maker for the company in it's "showcase" capacity?
Be nice to know where Dominovas is going wouldn't?
Surprise! Dominovas DELETES ALL posts on their FB page again & again. Here is what DOM erased.
No communication what so ever, brushes are concerns aside. Next PR wouldn't be surprised if Dom is now building an automotive division cause remember Neal Allen the sports agent, lawyer, owner of a Nissan dealership, owner of several healthcare companies, waste management and disposal enterprises, land acquisition and development. Let's not forget Big stakes 5 "gaming" site and last served as the Principal Shareholder of a private Family Office. As you can see Neal Allen can do it all so it's no wonder he is unable to address shareholders.
Dominovas Energy's Facebook posts deleted:
"Can we expect an 8k on recent PR events? This question goes out to Watkins who seems to be the person that monitors the FB page"
"How can you mention a new hire(Leeshan Ramasamy) in the "press release" and then quote another recent new hire (Kreneshen Moodley) who was never mentioned before, only reason investors knew was due to their LinkedIn profiles. Also Christian King another recent new hire with no news about that, and no 8ks to legitimize the Rubicon project in South Africa or this new "division". Either you guys have some master plan and major things in the works, or nothing"
"Please correct me If I`m wrong my understanding is the Rubicon showcase/deployment is being produced by Solid Power (50kw Rubicon) as part of the proof of concept for Johannesburg SA specifically and not DRC which is officially part of the Power Africa agreement with Dom. Since Solid Power is producing the proof of concept Rubicon does this negate the proof of concept with Delphi or will Dominovas be producing two proof of concepts since the MOU agreement was with DRC in mind or is Delphi no longer involved with the project? Lastly will there be a showcase/deployment Rubicon for DRC/City of David ? I`d kindly appreciate your response"
I bet Dom wants a piece of this hence the 2nd game changer The ORCAS™
"DR Congo moves to build $100 billion Grand Inga dam, to pick phase-1 contractor by August"
THE Democratic Republic of Congo said the developer for the first phase of the $100 billion Grand Inga hydropower project will be selected by August for construction to start by June next year.
Two of the three groups that answered Congo’s 2010 call for bids remain in the running, Bruno Kapandji, head of the Office for the Development and Promotion of the Grand Inga Project, told a conference Friday in Maputo, Mozambique’s capital. There were 11 bidders initially, he said.
The $12 billion Inga 3 project intends to address a power shortage that is curbing mining-industry growth in Africa’s biggest copper producer, but progress has been slow.
It will initially produce 4,800 megawatts, almost double Congo’s current installed capacity, 2,500 megawatts of which will be sold to South Africa under an October 2013 treaty between the two countries. The larger Grand Inga hydropower complex would span the Congo river and produce as much as 50,000 megawatts of power when complete, according to the World Bank.
Congo will sign a power-export agreement with Nigeria next month, Kapandji said. Earlier this year, it reached an accord to supply energy from the 3,000-megawatt second phase of Inga to Egypt. The memorandum between the General Authority for Suez Canal Economic Zone and Congo doesn’t yet include firm commitments on energy offtake or financing but will “drive the project forward” Kapandji said in February.
http://mgafrica.com/article/2016-05-07-dr-congo-moves-to-build-100-billion-grand-inga-dam-to-pick-phase-1-contractor-by-august
Looks like Dom has a 2nd game changer here; ORCAS™ Solution http://dominovasenergy.com/currentergy/orcas-solution/
Currentergy
http://dominovasenergy.com/currentergy/
The ORCAS™ vs Competing Technologies
http://dominovasenergy.com/currentergy/the-orcas-vs-competing-technologies/
Global Impact
http://dominovasenergy.com/currentergy/global-impact/
https://denebleo.sec.gov/TCRExternal/questionaire.xhtml
filled the form out, lets see what happens. I have a feeling I may have to do this more that once.
I added a few documents in the form of DNRG's PR's.
Under what circumstances must a Form 8-K be filed?
Form 8-K identifies events that require the filing of a Form 8-K and provides detailed instructions for filing. The following is a list of the events that trigger a filing, along with the corresponding Section and Item references from Form 8-K
Item 1.02 Termination of a Material Definitive Agreement.
? No Form 8-K needs to be filed if the agreement, even if material, is terminated by its terms.
Item 1.03 Bankruptcy or Receivership.
Section 2 ? Financial Information
Item 2.01 Completion of Acquisition or Disposition of
Assets.
? See the related financial statement requirements under Regulation S-X (historical and/or pro forma financials may be required to be filed).
Item 2.02 Results of Operations and Financial Condition.
? An issuer typically provides its earnings press releases pursuant to this item.
? The material included under Item 2.02 generally should be “furnished,” rather than “filed” (see below for the significance of this distinction).
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement.
? This item would typically include instances where a company is no longer in compliance with a covenant under a loan facility or similar agreement.
days after it makes a determination of such an estimate or range of estimates.
? If the determination is made in connection with the preparation, review or audit of financial statements required to be included in the company’s next quarterly or annual report under the Exchange Act, the company is permitted to make the disclosure in that periodic report, so long as the report is filed on a timely basis.
Section 3 ? Securities and Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
? A company would use this item to disclose certain events related to its listing on a securities exchange (e.g., The New York Stock Exchange).
? Includes the receipt of a notice regarding material non-compliance with the listing rules.
? No filing is required if the delisting is the result of a conversion or redemption of a security.
? The issuer would file twice: first upon receipt of the first notice from the securities exchange and again upon effectiveness of delisting.
? The filing date is calculated from receipt of notice.
Item 3.02 Unregistered Sales of Equity Securities.
? If the company sells equity securities in a transaction that is not registered under the Securities Act, it would use this item to disclose (i) the date of the sale; (ii) the title and
http://media.mofo.com/files/Uploads/Images/FAQ-Form-8-K.pdf
Shareholder post from FB "Please correct me If I`m wrong my understanding is the Rubicon showcase/deployment is being produced by Solid Power (50kw Rubicon) as part of the proof of concept for Johannesburg SA specifically and not DRC which is officially part of the Power Africa agreement with Dom. Since Solid Power is producing the proof of concept Rubicon does this negate the proof of concept with Delphi or will Dominovas be producing two proof of concepts since the MOU agreement was with DRC in mind or is Delphi no longer involved with the project? Lastly will there be a showcase/deployment Rubicon for DRC/City of David ? I`d kindly appreciate your response"
Pretty sure this is NEW on Dominovas's site: http://dominovasenergy.com/wp-content/uploads/2015/05/Regulation-Fair-Disclosure-Policy.pdf
http://dominovasenergy.com/governance/
Is quality stocks considered The " President of Communications"?
6.) Policy on Scheduled Quarterly Earnings Conference Calls
? The Company shall make a practice of holding open, publicly-accessible conference calls to discuss quarterly financial results and certain other significant events that arise in the course of its business. Normally, the Company will issue a press release in advance of the call announcing the date, time, and access information for the call. Generally, analysts and professional investors will have teleconference access to the call so they may participate in the Q & A portion of the call. Generally, other interested parties will also be able to listen to the call via the Internet through the Company’s website.
? The Company will attempt to respond to as many questions as possible during the time allotted; however, it reserves the right to not respond to any question where it chooses to do so.
What the...
12.) Policy on Responding to Rumors
Generally, the Company will not comment on rumors or speculation. If the Company decides to comment on a rumor, only Authorized Spokespersons may speak on behalf of the Company. Rumors about the Company that are posted in Internet chat rooms are covered by this Policy. Employees should not respond to rumors about the Company, including those found in Internet chat rooms. All rumors should be referred to Vice President of Communications & Investor Relations for appropriate action.
4. Communications to the Directors must be in writing and sent Certified Mail in care of DEC's legal department to DEC's headquarters address.
5. The following types of communications are not appropriate for delivery to Directors under these procedures:
• Communications regarding individual grievances or other interests that are personal to the party submitting the communication and could not reasonably be construed to be of concern to stockholders or other constituencies of DEC (such as employees, members of the communities in which DEC operates its businesses, customers, and suppliers) generally;
• Communications that advocate DEC's engaging in illegal activities;
• Communications that, under community standards, contain offensive, scurrilous, or abusive content; and
• Communications that have no rational relevance to the business or operations of DEC. 6. All communications must be accompanied by the following information:
• If the person submitting the communication is a stockholder, a statement of the type and amount of shares of DEC the person holds;
•If the person submitting the communication is not a stockholder and is submitting the communication to the non-management Directors as an interested party, the nature of the person's interest in DEC;
• Any special interest, meaning an interest not in the capacity of a stockholder of DEC, of the person in
the subject matter of the communication; and
Standards
In their professional conduct, the Senior Financial Officers must:
1. Conduct themselves honestly and ethically, and ethically handle all actual or apparent conflicts of interests between their personal and professional relationships. A potential conflict of interest is deemed to have occurred whenever the Senior Financial Officer or a member of their immediate family or household has received personal financial or other benefit as the result of a contractual or business relationship of the Company.
2. Comply with any conflict of interest policies and guidelines set forth in any other code of ethics or similar code adopted by the Company.
3. Report potential or apparent conflicts of interest involving Senior Financial Officers to the Audit Committee of the Company’s Board of Directors, who will review the transaction or relationship and determine how the situation should be resolved.
4. Comply with all applicable laws, statutes, rules and regulations.
Reasonable and customary business entertainment activities shall not be considered a conflict under this code.?? What does that mean?
There is a stark difference between Dominovas Energy who are a startup company that is part of the Power Africa Initiative and another startup company that is also part of Power Africa. When you compare the two startups and see the financial backing each company has and it magnifies how we invested in "C"players here with MGMT who may just be limping along with no real sharp plan and just winging it .
Have a look and scroll down to the bottom of their page and check out who is backing this startup company besides Power Africa...
http://offgrid-electric.com/about-us#leadership
Here are just 4 of over 20 financing firms Dominovas must have either not bothered with or just straight up got rejected by likely do to these financing firms looking into the leadership history of Dominovas MGMT. All of these financing firms are listed on the Power Africa site. Dom couldn't snag not one of them??
Bamboo Finance*
Bamboo Finance is a commercial private equity firm specializing in investing in business models that benefit low-income communities in emerging markets. Bamboo Finance manages $250 million, representing two global funds and a combined portfolio of 46 investments across 30 countries. Bamboo has a track record of demonstrated commercial returns, and a portfolio of investments that have provided services to over 16 million clients and created more than 20,000 jobs.
Beyond Capital Fund*
Beyond Capital Fund ("BCF") is an impact investment fund that promotes economic development in impoverished communities through our investments. Our focus is in the water, waste and sanitation, healthcare and energy sectors in India and East Africa. We are registered as a public charity. By addressing the lack of seed capital for social businesses, we specialize in providing early-stage financial investment along with management assistance, mentoring and expert advisory services. With our rigorous investment process, our aim is to achieve sustainability and scaled social impact for businesses that operate for the advancement of the population at the base of the economic pyramid.
Blue Haven Initiative
Blue Haven Initiative (BHI) invests in innovative for-profit business models that deliver products and services to people and businesses that are underserved or out of reach of existing infrastructure. BHI’s direct investment strategy has the dual goal of achieving both best-in-class venture returns and maximum social and environmental impact. Targeting businesses in sub-Saharan Africa, as part of its commitment to Power Africa, BHI intends to:
Invest at least an additional $5 million in energy solutions in east and southern Africa
Provide debt and equity investment capital to support the expansion of manufacturing and distribution companies that improve access to clean, reliable energy solutions in east and southern Africa
Work with other Power Africa investor partners to provide entrepreneurs with long term, values aligned funding to scale
Bring together and participate in partnerships with government and private sector players to create well-structured investment opportunities that can expand or enhance Power Africa
Africa Infrastructure Investment Managers
Africa Infrastructure Investment Managers is a South Africa-based fund manager focused on African infrastructure investments with 13 years of experience in Africa and five funds under management totaling in excess of $1.3 billion. AIIM is a joint venture between Macquarie Africa (Pty) Ltd, a wholly-owned subsidiary of Macquarie Group Limited, and the Old Mutual Investment Group (South Africa) (Pty) Ltd. Over the next several years, AIIM intends to:
Invest directly in energy projects: To advance the Power Africa goal of providing access to clean, reliable energy in Nigeria and Kenya, AIIM seeks to complete the Azura Gas Power Project - a 450 MW plant in Edo State, Nigeria, the Kinangop Wind Farm, a 60.8 MW wind power project outside of Nairobi, Kenya, and a potential gas power plant in Ghana representing a total investment of $170 million leveraging about $1.2 billion for all three projects.
Channel local pension capital into infrastructure projects: With the possible support of US government guarantees, AIIM aims to catalyze $70 million of Nigerian Pension Fund capital into an infrastructure fund, the Nigerian Infrastructure Investment Fund 1, which will invest in infrastructure projects predominantly in Nigeria (75%) and other West African countries (25%). AIIM will leverage this with an additional $30 million from development finance institutions. AIIM will consequently raise NIIF2 a few years after that, aiming to catalyze $200 million of local Nigerian pension fund Capital and $100 million of DFI capital.
This FB message has already been deleted by Dominovas with one other post. Don't care for the way Dom's handling this.
Dominovas facebook page deleted 4 posts today under the new PR posted.
This is the latest post by a shareholder which may get deleted:
"How can you mention a new hire(Leeshan Ramasamy) in the "press release" and then quote another recent new hire (Kreneshen Moodley) who was never mentioned before, only reason investors knew was due to their LinkedIn profiles. Also Christian King another recent new hire with no news about that, and no 8ks to legitimize the Rubicon project in South Africa or this new "division". Either you guys have some master plan and major things in the works, or nothing"
https://www.linkedin.com/in/rubén-morales-montalván-07469147
Hope Venezuela is on Dominovas's radar.
Sunk Cost Fallacy is the state we are in as shareholders. Neal Allen & Eric M Fresh need explain themselves with the $6.7 billion SOFC power generation systems & the structure of the $1.2 billion with Greacrest, and if the Netzero Program Team are involved (I have yet to contact Richard Podos of Lance Capital but only hope this guy is involved because ERIC M FRESH's pedigree did not come through with the GHS deal nor would I think any venture capitalist call the GHS deal an achievement, success or call it a great strategic achieve "financially") The company is not a scam but I've yet to understand or experience Eric M Fresh's business savvy or Neal Allen's leadership skills or shareholder-oriented presents in addressing us in any way.
http://www.investopedia.com/terms/s/sunk-cost-trap.asp
http://www.investopedia.com/terms/s/sunkcost.asp
http://leepublish.typepad.com/strategicthinking/2015/03/sunk-cost-fallacy.html
https://www.linkedin.com/in/richardpodos
Nov 17th , 2015 announces that it has signed a commitment from GHS Capital to invest up to $7.5 million in the Company over the next 36 months to support ongoing day-to-day operations and other general corporate purposes. (MY QUESTION IS HAVE THEY USED UP THE TOTAL $7.5 million OR DOES DOMINOVAS STILL HAVE ANOTHER FEW MILLION THAT THEY CAN BORROW FROM THE GHS DEAL??)
THEY MAY HAVE NOT USED UP THE TOTAL $7.5 million WHICH MIGHT MEAN MORE DILUTION ?
Let's see where this week takes us with Dominovas....
I strongly believe that Neal Allen, Micheal Watkins & Eric Fresh have a fiduciary responsibility to all the working class shareholders here why won't they take their responsibility seriously and quit the with cryptic messages on FB and these long stretches of silence that have done us no service with a PPS that hasn't much room before receding into sub-penny zone. Timelines & I assume other business plans have changed behind the scenes but we won't know about it until it's portrayed as "good news" in a PR and that's not why I invested in them, to be left with silence and a financing Cancer that's become worse and zero acknowledgment of 2 new key hires. I don't care for the idea of well, if the PPS goes lower just means I can grab more shares at a cheaper price or average down "accumulation" how about some PPS stabilization.
The reason the big news on Tuesday's PR didn't help the PPS go much further then 0.024 is cause they slipped in that PR that we are still a year or more away from COMMERICAL DEPLOYMENT the system that would generate revenue, Dominovas is NOT ahead of any schedule this is a delay of 12-15 months and these large consistent incongruities are what people who are examing this company/otc stock are not comfortable with and deters new would be investors.
My apprehension at this point is if the price does go down anymore we might end up with reverse split and all do to the fact that Dominovas took money from the wrong people and now we could get smoked! I have yet to see Dominovas Energy engage with a single Power Africa financing/lender/partner/bank. We all know how large the list is and we all know about "The Power Africa Toolbox" and "early stage transaction support", "finance" and "policy/regulatory design & reform", which of these has Dominovas Energy taken full advantage of at this point??
https://www.usaid.gov/powerafrica
https://www.usaid.gov/powerafrica/developmentpartners
https://www.usaid.gov/powerafrica/privatesector
https://www.usaid.gov/powerafrica/usgovernmentagencies
August the proof of concept is what's being deployed, the plan seems to change out of nowhere without any regard for its shareholders. They were confident to PR the physical deployment of Rubicon in the 4th quarter of 2016 and it that's not the case it would be fine if they explained Dominovas has a new timeline for commercial deployment instead Dominovas changed the plan by 12 months maybe more here?
What happen to this? "As a Power Africa member company, Dominovas Energy will actively engage relevant U.S. agencies to fully employ the participating agencies' tools to ensure any financing and capacity gaps that may exist can be addressed directly, specifically with respect to existing and incremental energy sector investments. This affords Dominovas Energy to benefit from interagency efforts, by leveraging Power Africa's tools including, but not limited to technical expertise and financing; while enhancing project bankability by implementing various risk mitigation tools, as are available through the select agencies comprised in the Power Africa Initiative"
http://www.marketwired.com/press-release/dominovas-energy-lands-historic-partnership-with-us-government-otcqb-dnrg-2032595.htm
What happen to this as well...
"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
Now the timeline has changed with no explanation from Dominovas after months of silence and now Watkins states that Dominovas is a year ahead of schedule for it's 1st deployment (the 3MW in the city of david) ??? NO COMMUNICATION from the two major heads of Dominovas.
GHS Investment/Capital is the Cancer here and MGMT gave it to us. Eric Fresh and the bunch did it for some reason and there is a reason for it and they don't care to share why.
How can you PR $1.2 billion from Graecrest & Eric Fresh crediting himself for $6.7 billion in solid oxide fuel cell (SOFC) power generation systems?
We need the company to explain the enormous numbers in front of the billions here. How can you PR or post this on a resume when you have your company trading at the border of sub-pennies?? This is what contributes to strong pessimistic views.
That's a great question for MGMT.
We all have to except that there will a good deal of mystery/drag time on DNRG announcements.
there are a few PR's from the past that I'd hoped they would have followed up on by now or at least offer a formulation for how they intend to integrate them but that seems to not be the case...
Only hope that DNRG learn to engage shareholders at this OTC stage.
Eric Fresh added, "The acquisition of Grupo Trébol catapults Dominovas Energy from a 'pre-revenue' company to an enterprise with a positive cash flow. 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."
If Dominovas was previously set to generate profits in the next 9-12 months before buying Grupo Trebol then we should get word on Grupo Trebol by AUGUST!
And then there's Angola as well!
Just let's hope the Rubicon showcase/demonstration/proof of concept unit works as well as the description for it explains.
I think it would be in Dom's best interest that they part ways with Quality Stocks respectfully. QS's track record is best not looked into, I would hope DOM would graduate from this PR company sooner than later.
Dom should invest some real time into their social media either twitter or facebook. They are part of GREEN ENERGY!, renewables and they have a loud voice here, and push that point of view cause young folks would go to bat for them and their mission and honorable social cause in Africa and within the Power Africa Initiative and NEW JOBS across the world including America!! . Why not introduce an internship within Africa's DRC to be specific and bring in millennials on board who will spread Dominovas's cause like wildfire, cause we need folks who know how to use social media not just because it will make money but because this is a company that might be able to make a REAL dent in coal & oil sector into a new era of fuel cells & renewables or rather via the "rubicon" and believe me the oil & coal industry will do whatever they can to suppress renewables before they have to embrace and start to maximum profits from the folks like us who were here from the START!!
I wouldn't mind driving a Toyota MIRAI knowing that Dominovas is partnered (& I may have invested) but that's wishful thinking but not fetched!!!
The CNBC piece on Dominovas folks were talking up wouldn't hurt right about now...
No way to maneuver around the dilution and Grupo Trebol is gonna take hopefully cash to buy and a bit of time to see income from that company.
"By August of this year, Dominovas Energy will have the first RUBICON™(a showcase/demonstration/proof of concept unit) SOFC unit operating in sub-Saharan Africa ("demonstration unit", I understand) -- more than a year in advance of the "commercial operations date" (COD) for our first scheduled deployment (1st scheduled deployment would be the City of David, right? Wouldn't that 1st deployment for the City of David be in 4th quarter?)."
this might mean the 3MW's deployment is still a full 12 months out or more for the commercial unit and could mean the timelines have been pushed back a bit??
"more than a year in advance of the commercial operations date for 1st deployment"
The mystery now is when or has Dominovas purchased Grupo Trebol?
“The acquisition of Grupo Trébol catapults Dominovas Energy from a ‘pre-revenue’ company to an enterprise with a positive cash flow. 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. $$$will Dom use cash from the GHS deal or Pyrenees Investments deal to pay for acquiring Group Trebol?
This could happen by the time Dom deploys the 50kw proof of concept Rubicon unit meaning in the next 90 days. I'd have to assume the purchase would take place with cash from the GHS deal??
Now that we've closed the door on if the Rubicon exist we can pay attention to convertible outstanding debt with GHS Investment LLC and also to Dominovas acquiring Group Treboldeal so this company can start to become a revenue positive business.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122355157
Mr. Fresh added, “As a company, we are quickly graduating from a typical micro-cap company’s reliance on the use of potentially toxic forms of convertible debt and equity-based financing. Conversely, financing structures involving common shares with warrants align the interests of investors more closely to those of the Company.” $$$this is in reference to Pyrenees Investments, LLC & DNRG deal, as the Company’s investment bank to prepare a private placement of shares of common stock and warrants to purchase shares of common stock for gross proceeds of up to US$10 million$$$
Eric Fresh added, “The acquisition of Grupo Trébol catapults Dominovas Energy from a ‘pre-revenue’ company to an enterprise with a positive cash flow. With this acquisition, Dominovas Energy has dramatically accelerated its goal to achieve net operating profits, which previously was set to commence in the next 9 – 12 months. $$$will Dom use cash from the GHS deal or Pyrenees Investments deal to pay for acquiring Group Trebol?
By the way does anyone know were DNRG stands with Pyrenees Investments, LLC repayments on the $10 million deal?
DB26 - I'm delighted at the moment we have a product to move and hope to see an 8k as well. This no doubt provides infinite creditability for "the mystery machine" Rubicon.
I do have to admit though I am confused by the statement Watkins made for the 1st "commercial deployment" on the Rubicon;
"By August of this year, Dominovas Energy will have the first RUBICON™(a showcase/demonstration unit) SOFC unit operating in sub-Saharan Africa ("demonstration unit", I understand) -- more than a year in advance of the "commercial operations date" (COD) for our first scheduled deployment (1st scheduled deployment would be the City of David, right? Wouldn't that 1st deployment for the City of David be in 4th quarter?)."
Does this mean the 3MW's deployment is still a full 12 months out or more for the commerical unit ??
"more than a year in advance of the commercial operations date for 1st deployment"
Anyone remember this: ***Pyrenees Investments, LLC*** ATLANTA, GA–(Marketwired – Jul 27, 2015) – Dominovas Energy Corporation (OTCQB: DNRG), an energy-solutions company headquartered in Atlanta, GA, announces it has engaged Pyrenees Investments, LLC as the Company’s investment bank to prepare a private placement of shares of common stock and warrants to purchase shares of common stock for gross proceeds of up to US$10 million.
The Company intends to use the net proceeds of the offering, excluding any future proceeds from the exercise of the warrants, to fund working capital and other general corporate purposes. The offering is expected to close prior to the end of Q3 2015, subject to satisfaction of customary closing conditions. Pyrenees Investments is acting as the Company’s placement agent on a best efforts basis.
The capital raised will allow Dominovas Energy to expand its energies in the manufacture and deployment of clean, reliable and sustainable power generation via the RUBICON™, its Solid Oxide Fuel Cell (SOFC) system. Eric Fresh, Sr. Vice President of Finance and Investments, commented, “Hiring Pyrenees Investments to secure investment capital to support the working capital needs of Dominovas Energy further enhances the Company’s ability to expand its efforts to meet the documented demand for increased power generation and electricity supply worldwide.
“Equally important, the capital raise, as proposed, would promote a financing structure that more appropriately supports the long-term growth prospects and objectives of Dominovas Energy. Given Dominovas Energy’s elevated trading profile, evidenced by daily volume and the increased presence of institutional investors, the Company is consistently attracting an ever more knowledgeable and supportive investor base that is affording us the opportunity to secure financing through structures that typically are more often utilized for funding growth stage, pre-revenue public companies.”
Mr. Fresh added, “As a company, we are quickly graduating from a typical micro-cap company’s reliance on the use of potentially toxic forms of convertible debt and equity-based financing. Conversely, financing structures involving common shares with warrants align the interests of investors more closely to those of the Company.”
The securities if offered in a private placement may not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, if the Company chooses this route, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. In any event however, the securities will be offered only to accredited investors. Pursuant to any registration rights agreement with the investors, the Company will have to agree to file a registration statement with the SEC covering any resale of the shares of common stock, as well as any shares of common stock issuable along with any exercise of any applicable warrants within 30 days of any closing date.
Further details of any placement, as may be required, would be described in Current Report on Form 8-K as would be filed with the SEC by the Company along with any of the appropriate transaction documents. Additionally, they would be attached and/or included to any filed Form 8-K, including the exhibits, with respect to this or any subsequent transaction(s).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Pyrenees Investments, LLC
Pyrenees Investments is a full-service Microcap Advisory Firm with headquarters in Las Vegas, NV with associate offices in Los Angeles, CA and Lakeland, FL. Pyrenees Investments’ services include, but are not limited to, capital placements in equity, preferred equity, convertible equity, public offerings, follow-on offerings, asset-based lending, first-lien lines of credit, and mezzanine debt. Since its inception, Pyrenees Investments has raised more than $30 million in growth and expansion capital for micro-cap companies.
Check out the site very much like Graecrest LLC but with less..
http://pyreneesinvestments.com
https://www.linkedin.com/company/pyrenees-investments-llc
"I wouldn't be surprised if this was suspended by the SEC due to Outlandish press releases" Posted by
Short-Hunter (Must've changed his mind...)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118212586
"Manage the capital investment program for financing ~US$6.7 billion in solid oxide fuel cell (SOFC) power generation systems, which are supported by signed/executed Power Purchase Agreements (PPAs) with off-takers throughout sub-Saharan Africa"
What does Eric Fresh mean here with managing financing of $6.7 billion in power generation systems??
Posted last week by Neophius Wednesday, 04/27/16 09:47:59 AM
"For what it's worth, I contacted DNRG and got the following reply back from QS:
Dominovas Energy holds firm that it is not in the best interests nor is it fair to report news that has not taken place yet. The Company remains diligent in its commitment and plans to deliver electricity by way of its cutting edge technology, the RUBICON. The Company is working daily to deliver for its clients and shareholders and will provide updates in the near future. Company leadership remains bullish on the Company and is making significant progress that will prove beneficial to all who choose to remain steadfast with the strategic plans the Company has previously detailed"
(only a link to an old post)
"This is a company on the governments website and monitored closely by government officials & the SEC. THIS IS NOT SOME RUDY POOT PENNY SCAM. The App is real & the 1.2 billion. And in about 71 more days they will be featured on CNBC. You read it right! DNRG"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120576865
we are dealing with an unforeseen time in market manipulation from all sides.
"Getting in on the ground floor of a game-changing company like this could be the difference between you having a house in the suburbs or a mansion in the high rent district."
"Dominovas Energy is a cutting-edge company with a bright, green future – in both the environmentally friendly and monetary sense"
"In the surfing world, you’ll always hear ‘you should have been here yesterday’. That’s definitely something that won’t be said of Dominovas Energy Corporation."
"With solid components like that, Dominovas Energy Corporation is poised for solid growth".
"acknowledged Eric Fresh, Dominovas Energy's Senior Vice President of Finance and Investments. "With pools of capital in place for both operations and project deployments, Dominovas Energy is poised to continue its march toward cementing itself as one of the most dynamic and innovative energy solutions companies in the world. As such, the Company maintains an unwavering focus on providing clean and reliable baseload power support to global frontier markets via its proprietary RUBICON™ SOFC system."
The litany of provocations with Dominovas Energy & Quality Stocks Press Releases
80 days on MONDAY! since Feb 12, 2016 PR
"Dominovas Energy is set to realize its vision of being a global leader in SOFC development. With its cutting-edge technology and experienced management team, the company may just be known around the world in 80 days."
Confidential negotiations Al Rushaid Group claims to have suffered a loss after having paid too much for NOV deliveries, as a result of corrupt servants amongst themselves being bribed by NOV.
The company is risking a claim of up to one billion dollars. The company is, along with other NOV subsidiaries, drawn into a long-lasting international corruption case. The case involves bribery, overpriced contracts, faulty deliveries and money laundering during the period 2006 to 2010.
https://www.journalism.co.uk/press-releases/risk-of-a-one-billion-dollar-claim/s66/a632931/
Risk of a one-billion dollar claim
OIL SERVICE: While 2,500 have lost their jobs in National Oilwell Varco in Norway, the company may be facing a new challenge, a claim of up to one billion dollars for loss caused by alleged bribery
Posted: 29 April 2016
This release has had 216 unique views (Source: Google API, updated daily)
Translation of an article which was published in Finansavisen, a Norwegian financial daily newspaper, on March 2, 2016. http://finansavisen.no/ which explains the background to a one-billion dollar claim against National Oilwell Varco (NOV) The oil price decline has hit the American equipment manufacturer National Oilwell Varco (NOV) hard. Since the top listing in the summer of 2014, the share has dropped from 85 to 30 dollars. The drilling equipment market has almost dried up.
The Norwegian subsidiary NOV Norway is the largest private employer in Southern Norway after the acquisitions of Hitec and Hydralift. The decline in orders has resulted in 2,500 lay-offs and dismissals.
But new challenges are setting in. The company is risking a claim of up to one billion dollars. The company is, along with other NOV subsidiaries, drawn into a long-lasting international corruption case. The case involves bribery, overpriced contracts, faulty deliveries and money laundering during the period 2006 to 2010.
The Swiss bank Picted & Cie is also drawn into the scandal being accused of facilitating the transactions. Secret money transfers have allegedly taken place from Norway to a nominee company on the British Virgin Islands. The nominee company was established by three unfaithful servants at one of NOV's customers, the Saudi company Al Rushaid Group.
Confidential negotiationsAl Rushaid Group claims to have suffered a loss after having paid too much for NOV deliveries, as a result of corrupt servants amongst themselves being bribed by NOV. After several attempts by Finansavisen to reach the management of NOV Norway, we received an email from director of communications Dag Nordbø: "Hi, this case is handled in its entirety by our head office in Houston, who has the following comment:"
"NOV typically does not comment on pending litigation. In addition, the matter is, in part, in a confidential arbitration process. After an extensive investigation and a thorough review of the background and facts, NOV believes there is no merit to the allegations raised in the lawsuit against NOV."
Neither Mr. Nordbø nor managing director Tor Henning Ramfjord wants to comment beyond this. It is obvious that negotiations are in progress between the parties. At the same time, NOV claims that the accusations and claims are unfounded.
Kickbacks The case has been going on since 2010 and heard in a number of court instances, on the British Virgin Islands, in the USA, England and Switzerland. The Saudi businessman Rasheed Al-Rushaid who owns Al-Rushaid Group, has sued three of his previous employees, NOV, and amongst them the Norwegian subsidiary and Pictet.
Thomas Caplis, Shektar Shetty and James Wight worked previously with acquisitions in the partnership ARPD, which Al-Rushaid Group had with the listed Parker Drilling. They were assisted by a friend in Pictet in the establishment of the company TSJ Engineering Consulting on the British Virgin Islands. TSJ are the first-name initials of the three.
In 2013, a British court established that they had received secret commissions via TSJ, and last year they were found guilty of money laundering by a Swiss court. All accounts in Pictet belonging to the three and TSJ were then already frozen as ordered by the prosecution. The secret commissions are estimated to four million dollar.
Al-Rushaid claims damages from NOV for loss he believes his company has suffered. ARPD is claimed to have paid too much for the deliveries from NOV as a result of the bribery, and that the deliveries were faulty. The latter has allegedly resulted ARPD's loss of a drilling contract with Saudi Aramco and Parker Drilling's subsequent withdrawal from the cooperation.
Arbitration
In the last court round, for now, in Texas in February, judge Thomas M. Reavly decided that claims against NOV Norway are subject to arbitration in the international chamber of commerce (ICC). Claims against other involved NOV subsidiaries will be resolved in Texas. ICC's arbitration tribunal is in Paris. ICC Norway has not confirmed that the claim has been registered.
At the end of 2014, National Oilwell Norway had a booked equity of 13 billion kroner and six billion kroner in cash. But the total debt amounted to 35.5 billion kroner.
Dominovas Facebook posts by shareholders again deleted...
"Another 3.8 million shares sold, of which 1.7 million in a T-Trade? All of this at deep discount. Sorry guys, you're failing at inspiring any confidence at this point.
No word on hiring Kreneshen Moodly as Managing Director for the Africa Division? How about compensation? Was this tied to the rushed S1?
https://www.linkedin.com/in/kreneshen-moodley-29056379...
Why is everything a complete mystery at this point? There's competitive secrecy, and then there's blatantly disregarding your shareholders."
"I have to say that your comments here are truly reflective of most investors. I am trying to understand how the government could sign this company without vetting all areas of this company-from designs to individuals involved. Since they rushed the S-1 through and were approved by the SEC, the only individuals who have made any money are the shorts and lenders, especially on one major PS board. All along there has been no progress report with the company and what they did with the money received. They have moved onto the second phase of development in the power Africa phase, according to the government. I am trying to figure out why they are letting lenders make all the money, and why management did not sell their own shares when they had changes to.(in between there, has to be an answer) This is bizarre, to say the least. Most scams would propagate some news or type of pump to make money on their investments, then get out....-nor has that happened. I am not saying this is one, based on their involvement with the gov. But, silence only allows people to speculate. Again effective leaders, answer the bell and questions during times of crisis".......
"Agreed. I'm not worried about short-term PPS fluctuations; I want to know that this company's leadership is adequately addressing business critical items without dooming its future in the process".
" That's just it they don't vet all areas exactly here. When it comes to financials they look for reasonably financially sound based on 3rd-party reports (WHEN AVAILABLE). When Dom was accepted by Power Africa such financial reports likely not available hence why we might be in this situation now"