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DNRG have no EMPIRICAL DATA. It's ALL CONJECTURE.
What have they achieved.
If DNRG "secured" $3.2 billion in financing WHY are Allen & Watkins stating that "authorized increase is necessary & advisable in order to maintain our financing & capital raising ability"
Oh! wait, NO 8K on either one of the "billions" in "secured" financing & need to increase A/S for FINANCE raising. Didn't DNRG just "reaffirm" $1.2 billion financing & $90 million financing on the 18MW hydro PPA?? Penny Land Coming VIA Reverse Split, no other way.
https://www.sec.gov/Archives/edgar/data/1343254/000116552717000078/g8400.htm
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000919/ex10-1.htm
http://ih.advfn.com/p.php?pid=nmona&article=74338032
Only 8k was GHS toxic financing a few weeks after the Graecrest PR. So toxic financing gets an 8k but non-toxic/ graecrest doesn't.
Link to GHS Toxic Financing
https://www.sec.gov/Archives/edgar/data/1343254/000116552715000547/g8080.htm
Why not Reaffirm w/ an 8K ? Is this financing not important to shareholders or not an actual deal 19 months later after the 1st PR?
"The anticipated financing support to Dominovas Energy will be concomitant with specific guarantees and terms to be negotiated by Dominovas Energy with the Republic of Angola and approved by Graecrest"
https://investorshub.advfn.com/secure/post_new.aspx?board_id=12518
Graecrest was to finance DRC project "City of David" 3MW but the guarantees could NOT be negotiated by DNRG & DRC. City of David project went to http://www.kipay.cd
DNRG need guarantees & are the "key" to actually closing any deal. DNRG have had 19 months to negotiate these guarantees & yet no closed deals means there are severe PROBLEMS. DNRG & "Greacrest want too much of a money guarantee in these 3rd world countries.
NO 8K filing on Greacrest "financing" so its meaningless, its only words that have no weight.
Penny land coming via R/S. Enjoy the ride & don't shi$ on your seats.
10Q not going to be fun.
"Next steps will include the completion of appropriate bankable feasibility studies, the negotiation of all off-take agreement terms and conditions, which will be supported by the requisite government guarantees which will cover Dominovas’ investment in the power plant and attendant infrastructure"
http://dominovasenergy.com/dominovas-energy-accepts-invitation-to-finance-build-and-operate-an-18mw-hydroelectric-power-project-in-angola/
This "next step" is place where negotiations came to halt with Power Africa & all DRC PPA's. DNRG are just too expensive/ want too much of a money guarantee for these PPA's & so they end up not making a deal.
Remember nothing has been accomplished in 12 years of Dominovas Energy's existence. Only accomplishment has been PURE DILUTION on the back of ZERO REVENUE. Not 1 unit deployed in Fuel Cells, Hydro, or "Clean" Coal.
Not 1 PR states DNRG "CLOSES" an actually DEAL ever. Only seeking, initiate's, if selected, expects to, continues efforts & plans to.
Yes R/S & A/S increase happening.
R/S & A/S still in place to happen." SCHEDULE 14C INFORMATION"
https://www.sec.gov/Archives/edgar/data/1343254/000116552717000078/g8400.htm
*Wasn't Graecrest the financing for the Rubicon? Now DNRG Pr's "Leveraged Green Energy" as the "Agreement that Enables Dominovas to Deploy Multiple RUBICON". With the PR for Graecrest "Graecrest Energy Solutions, Financing will fund the initial phase to manufacture, produce, and deploy Dominovas Energy’s proprietary RUBICON™ SOFC systems, pursuant to signed and executed guaranteed Power Purchase Agreements (PPAs)" **(Either way DNRG has filed no 8K on Graecrest or Leveraged Green Energy)
Graecrest Financing PR 2015
http://dominovasenergy.com/dominovas-energy-secures-landmark-commitment-for-1-2-billion-us-dollars-for-manufacturing-and-deployment-of-its-rubicontm-sofc-systems/
Leveraged Green Energy Financing PR 2017
http://dominovasenergy.com/dominovas-energy-obtains-partner-to-facilitate-financing-development-and-production-for-rubicon-fuel-cell-systems/
At no point that did DNRG explain or allude to Graecrest financing or being involved in any "hydro projects". MN Capital Africa Advisors was hired specifically to obtaining financing for DNRG's 16MW hydro ppa's 1st which is still costing them $3700.00 per month.
http://dominovasenergy.com/dominovas-energy-welcomes-project-finance-team/
https://www.sec.gov/Archives/edgar/data/1343254/000116552716000797/ex10-1.htm
Leveraged Green Energy PR 2017
Graecrest PR 2015
Over a decade in business & not 1 showcase unit or deployment. A decade w/ no revenue is not a business its a HOBBY.
Let me ask you this, what has the current dilution rate been for the last 6 months?
Your lazy "DD" is nothing more than a wish or hope. You've haven't done any DD because if you have this becomes more an issue of your reading comprehension than anything else.
VERY likely R/S on Monday. DNRG has about 100M A/S left likely after today of the 1.5B a/s/
Incorrect & wrong. Purposely trying to mislead folks Keep trying & posting that PR.
It was never at $1. Another lethargic investor who can't read well.
No 8k on this hydro PPA. Its meaningless.
R/S NOT voided. 1:500 R/s & A/s increase STILL in place.
R/S on Monday! DNRG has about 100-200 million A/S left.
Definition of a SCAM "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. (City of David PPA, 3MW) Never came to be & never explained to shareholders the loss of Power Africa listing.
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™.” (City of David Project)
"The physical deployment of the RUBICON™ in the Democratic Republic of Congo is expected to begin in Q4 of 2016" CEO Neal Allen, 2015
https://investorshub.advfn.com/uimage/uploads/2017/1/20/ghvcgScreen_Shot_2017-01-20_at_11.32.04_AM.png
CITY OF DAVID (3MW) & SOUTH KIVU (200MW)
DNRG Feb.2016 PR on Group Trebol
Last 6months DNRG has increased A/S from 700,000,000 Million to 1,500,000,000 billion now announce a reverse split 1:500 then a 2nd A/s to 5,000,000,000 billion shares with nothing accomplished in 12yrs of DNRG existence.
"Follow the breadcrumbs" into the BOOBY TRAP.
"In 90 days" is now 365 days later
still no deployment, not 1 legally binding PPA, Power Africa GONE, Groupo gone, All 4 PPAs in DRC gone, Toxic lending continues, No update on gas line, no update on UJ, no 8k on Graecrest, no 8k on "NEW PARTNERS", no 8k on the additional $2 billion, No bank named on the $2 billion financing, 1 BILLION in DILUTION & not 1 unit deployed or even a PPA that has broken ground, MGMT has purchased ZERO shares of this "HUGE POTENTIAL" company, Debt is at $19 million & have accomplished nothing but MOUs(ea. MOU has cost them $3m), DNRG's tech doesn't qualify for grants, City of David & South Kivu PPA PR'd to start Q4 2016 just ignored as though it never existed
In the last 6months DNRG has increased A/S from 700,000,000 Million to 1,500,000,000 now announce a reverse split 1:500 then a 2nd A/s to 5,000,000,000 billion shares with nothing accomplished in 12yrs of DNRG existence.
18 months later no 8K on $1.2 Billion from "Graecrest LLC" financing.
Keyword "Interest" nothing LEGALLY BINDING. Only lots of "SEEKING"to...
Belief/Judgment that is not founded on proof or certainty - OPINION & lethargic one as well.
No REVENUE in 12 years - Officially Allen & Watkins have created a NON-PROFIT BUSINESS
In 12yrs not 1 project completed "Founded in 2005, Dominovas Energy Corporation"
Very Scammy; "Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world"