never mind. article was actually 2017.

mention

I must admit: it has/ and it hasn't. This has always been a penny stock with a financing boondogle. The hope was: some activity will trigger under-writer approval for real funding. The possibility of that reality was that DNRG wished to keep their activity as quiet as possible for as long as possible: staying ahead of the market. It does look like they're just yanking people's chains at this point. Difficult to deny.

Traders still active here though.. a tougher recommendation for an investor at this stage.

That said, Fife appears to have been a part of numerous similar scenarios and I've had my questions for some time. Fife involvement, more than big stakes past or anything on the financials has always been my greatest concern.

In defense of my former opinion: they have gone through all this show when all they had to do was deliver the product. I have an email from one of the chief fuel cell techs at AVL more or less corroborating everything on the DRNG website and what a blow to Dr. Islam's career if they don't even get a prototype out of this ordeal.
It defies logic that you would spend as much or more money making a fake when it's easier to just do the real job and take the serious bank.

Someone may well purchase these assets at the end of it all and work DNRG's product into their development queue but how that process would transfer wealth to shareholder pockets in the foreseeable future is beyond my knowledge.

GLTA

To shelf a project means to put on hold. Could be indefinite, could be a period of time.

The DRC needs to stabilize. I must say though, if they have the ability to get a foot in the DRC door, there stands a chance for huge success from that market alone. May never happen of course.

not necessarily.

Dominovas is still on the Power Africa Website:

https://www.usaid.gov/powerafrica/privatesector

And the Graecrest Website:

http://www.graecrestllc.com/?page_id=167


The future of DNRG still shows multiple possibilities.

http://www.military-technologies.net/2017/03/27/global-solid-oxide-fuel-cell-sofc-market-is-expected-to-grow-27-5-thousand-units-by-2024-credence-research/
"Some of the major companies operating in the market include FuelCell Energy Solutions, Kyocera Corporation, Ceres Power Holdings Plc., Atrex Energy, Doosan Fuel Cell, Dominovas Energy Corporation and Delphi Automotive Systems LLC among others."

Just imagine what would happen to the pps if they posted a high res version of the blurred image in the upper right hand portion of the screen at 5:45 in this video:

https://vimeo.com/153235363

What happens if Gracecrest moves in to finance the manufacture and deploy the Rubicon in October 2016?

while we're speculating

you don't know that. they have ppa's for 2016 (beyond the grid/ localized) and a rapidly deployable localized power generation system.

2 words:

Gracecrest underwriter.

they might be on schedule, and have stated in the past that they're being very careful about not revealing their game plan until it is in full motion.

Different footage of Dr. Islam's Presentation now on the DNRG website:

http://dominovasenergy.com/dr-islam-presents-the-rubicon-in-south-africa/

some of the diagrams here are less blurred

i still think that the slides from the presentation on vimeo at 5:45 are photos of some of the upline, sofc stack, and heat recapture components from the Rubicon System.

https://vimeo.com/153235363

looks like we'll find out soon enough!

it most definitely is

for those new to DNRG, here are two quick fundamental points to be aware of:

1. DNRG is probably (as it is still on the DNRG and Gracecrest websites) working toward underwriter approval for this 1.2 billion: http://www.graecrestllc.com/?page_id=167

2. DNRG initially plans to provide LOCALIZED (beyond the grid and grid connected) power via PPA's acquired through the USAID Power Africa partnership of which it is a part.

that alone would be dollars/ share

imho

agreed.

as I understand it: once they have begun rapid deployment on the ppa's, the value is dollar land. photos of the showcase deployed (the modules are housed in shipping containers) are the only real step between as AVL have already completed the commercialization study.

love it; yuck sell this = load me up!

https://vimeo.com/153235363 It's amazing to me that the only footage of Dr. Islam's lecture to SAIEE on the internet has 89 plays.

Rubicon blurred photos @ ~5:45 : https://vimeo.com/153235363

when I posted this yesterday, there were 6 views. we're up to 72 now.

This is the footage of Dr. Islam presenting "the final design of the Rubicon". The AVL proof of concept for commercialization was completed several months later, and footage of this system (or one just like it), is in several of my previous posts.
If you're an investor, you might like to take a look at this footage as (while not letting the cat fully out of the bag) it fills in a few more informational gaps about how they're planning to implement their strategy.

In light of this footage, these prices feel very low indeed.

As dobop speculates, what we have seen over the past few days may have been the friends and family price.

I tend to say; don't lose your shirt here but don't miss out entirely either!

Blurred photos of the Dominovas (DNRG) fuel cell in this video:

https://vimeo.com/153235363

~5:45

only ~70 views and some of this info hasn't been shown on the website. there is speculation that the prices are where they are for friends and family.

the first installation at University of Johannesburg (one of the largest in South Africa) is currently under construction/ scheduled for completion sometime in the next 40 days.

"Neal (imo) wants this low for friends and family.. his recent filling was, imo the buy signal.."

I've been thinking that might be the case myself. It's not like they don't have material to feed us. I think they know they're about to receive real funding. There is so much pump opportunity even with the debt, but they don't seem too concerned about it right now.

what would be funny is if we wake up one day to photos of a port full of shipping containers with dominovas plasterd on the side and the gracecrest 8k

remember the AVL video I posted a few weeks back. at around 12 mins in, the presenting technician said they were pleasantly surprised by the 50+% efficiency for the proof of concept. that is 6 months after Dr. Islam presented to the SAIEE saying that their "final design that they had decided upon" would achieve as much.. and 85% with the heat re-capture, which AVL went on to say they had been working to produce for a 50kw demo unit (as producing heat recapture at smaller scales is more difficult than at larger scales because of available parts)

Dominovas video with Blurred photos of Rubicon has 66 plays

https://vimeo.com/153235363

Albeit this is Dr. Islam's lecture to the SAIEE from nov 2015 but there is a lot of important info in the video that I don't see on the website. Footage like this adds huge credibility to the company imho.

Even with the debt, this price feels low. It's a real company, with huge upside potential.

Article from the 15th of August 2016: ( http://www.journaltranscript.com/2016/08/dominovas-energy-corp-otcmktsdnrg-reducing-reliance-on-convertible-debt/ )


Dominovas Energy Corp (OTCMKTS:DNRG) Reducing Reliance on Convertible Debt
by David Riley
August 15, 2016
Business, Health Care
No Comments
201 views

Dominovas Energy Corp (OTCMKTS:DNRG) management team is working on a plan that strives to reduce the company’s convertible debt that currently stands at $700,000. With the reduction, the exploration stage company hopes to move away from convertible debt utilization as the only source of financing.

Trimming Debt Burden

Early this year, Dominovas Energy received $7.5 million in new financing from GHS Investments that it now plans to use as working capital and for reducing all outstanding convertible debt. The company has already entered into discussions with convertible debt partners as focus shifts to striking a deal that will help reduce the convertible debt as well as avert any stock over dilution.

Repayment, in this case, will be made in cash instead of shares as part of an effort that seeks to protect current shareholders from over-dilution of their holdings. Talks are also underway with GHS Investments to see how the $7.5 million financing will be paid as part of an effort that seeks to avoid another convertible debt debacle. Given the current financial position, Dominovas Energy has no plans to take any other debt in connection with the ongoing restructuring plan.

In a recent press release to shareholders, CEO, Neal Allen, stated that the exploration stage company is financially sound as focus shifts to developing long-term energy solutions that can yield exponential benefits. The executive also believes the stock is highly undervalued given the milestones achieved over the past year as well as the company’s growth prospects.

Dominovas Underperformance

Amidst the positive talk by the CEO, Dominovas Energy Corporation has significantly underperformed in the market. Its prospects and sentiments in the market have mostly been affected by the weight of the convertible debt that continues to spook investors.

The bearish pressure on the stock remains very high having already experienced a 1003.63% increase in short interest positions. Dominovas Energy Corp (OTCMKTS:DNRG) sentiments may only improve, on the management team showing more progress elimination of the massive convertible debt burden.

thanks, I watched him bring down HLXW via St. George

I'm hoping that the DNRG attorneys went over whatever they agreed to with a fine toothed comb and that they're only doing this sort of thing because they know they have ~1.2 bil in financing once they have achieved the underwriter requirement (which might simply be to have a working prototype on display in the continent at a public institution (somewhere the performance of the product is easily and quickly verifiable). It would be great to know the terms on which Gracecrest intends to fund.

blurred photos of the Rubicon prototype in this video!

only 61 views as of this morning. investors, you might want to hear Dr. Islam presenting the Rubicon to SAIEE

https://vimeo.com/153235363

photos are at ~5:45

The Dr. explains (by the way, University of Calgary is at the forefront of much of the SOFC R&D) the modular nature of the products and mentions that the rubicon modules they are currently working on fit within a shipping container.. which is typical.

People who keep saying it would be impossible for DNRG to begin deployment of their modules in Q4 need to understand that this is localized scale power that takes a fraction of the time to install in relation to conventional central power and T&D. This has always been their game plan. It's important to go to the website and read about what the Rubicon System is. The prototype and early small batch/ demo stuff always takes exponentially longer to produce and install per unit than a mass produced and installed plant (especially if someone like Gracecrest has come into play.. which is what they're planning to do).

blurred photos at ~ 5:45

https://vimeo.com/153235363

The lecture is really worth listening to start to finish. He discusses the modularity and that as the systems is scaled to be rapidly deployable in "sea containers" or shipping containers, sizing systems, flexibility in scaling projects and ease of maintenance/ interchangeability of parts are a huge advantage of the system.

I think this is my last post of day. investors should watch the vid. shorts, don't worry about it, nothing at all to see here. hasta luego amigos

blurred photos of the rubicon in this video!

https://vimeo.com/153235363

Dr. Islam speaking

Video of a Dr. Islam lecture about the Rubicon: https://vimeo.com/153235363

I hadn't seen this footage until today.

agreed

from inspectorjoe (I have free account so must reply here):
im limited toone post a day lol lol like your optimism. i wonder if dnrg technology is so much more efficient why isnt it being used right hear in the united states to replace aging fossil fuel infra structure ??

thanks. bummer abt the post limit.

to answer your question in 2 words (my thoughts): politics and timing.

electricity and true diesel were always competitive as transit fuel with oil but guess who got more tax dollars on their side?

just an example (not to take away from oil - it's great stuff).
timing: what to do when you have already tooled for one kind of system but a new technology comes along? it's like steering the titanic really. Elon Musk is a high profile inventor/ early adopter and has found a way to profit but he is also competition to a certain way of doing things. innovations aren't popular when they are too disruptive. hence a world where we have a new future every day, but our heads are spinning on how to implement.

it will be interesting to see if Elon and electricity beat Toyota and sofc's in the US or we end up with a hybrid system for the next generation.

that said, I spec the installation of solar panels from time to time.. in fact I'm working on a 6 condo unit project powered by solar panels right now. localization/ resilience is quietly happening all around us. the property tax incentives and grid tie compensation are awesome. + no outages.

This could play out many differenty ways. See my previous post.

AVL is definitely working on the Rubicon. FACT. 8k's reported. Gracecrest, still has the proj up on their website, probably because there is a pending underwriter req't to access the funding. Dr. Islam is a widely published expert in stationary SOFC tech. The University of Johannesbug isn't a college, it is a university.. one of the largest in the world:

"The newly emerged institution is one of the largest comprehensive contact universities[5] in South Africa, with nine faculties having more than 90 departments and an enrollment of approximately 48,000 students, spreading over four different campuses. The university is one of the largest residential universities in the Republic of South Africa."

DNRG might still be on schedule to fulfill the PPA's, as we have thoroughly discussed already.

We have already covered the importance of the patents.. DNRG is proposing a system, which according to my convo with AVL that I have already posted on this forum several times, isn't being produced by any competitor known to them at this time. The have something unique, and according to AVL, a credible labratory, something viable as per the proof of concept which again, we have already covered in detail.

If a realistic means of generating a localized power system up to 50% (perhaps more) efficient than centralized power distribution, esp in the developing world isn't a vision, then I don't know what is. We're not talking about a better soda pop.

"obscuratism isn't welcome" - your words, not mine

Fife has a program, but this could play out several different ways.

Nearly impossible for most but most don't have USAID, Gracecrest, DR. Islam, U of J, AVL, PPA's in multiple countries, relevant proprietary patents, a Vision, SEC compliant. There is a strategy here.

sure, there is toxic financing now, but there is also this:

http://www.graecrestllc.com/?page_id=167

Nurruddin and Assoc seems like a great fit for where they are now.

Now Fife is a huge question mark I admit. I don't think the positives outweigh the negatives 10 to 1 but I'm not super heavily invested here yet.

The idea looks good. I have a feeling that the Gracecrest underwriter gave DNRG a task that they are trying to fulfill to get the 1.2 bil and if they are well on their way to completing that task (it could be as simple as the u. of Johannesburg deal) then all this scam financing will fade with a quickness. I can still see several realistic story lines for this company with an enormous upside. Time. will tell.

I never did like this wording:

F. 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

grupo trebol goes to the back burner and south Africa gets moved to the front burner.

I'm not saying everything is going great; but an effort is clearly being put forward.

I don't think very many posters here get the scope of what Dom is trying to achieve. They're trying to introduce the world to a localized energy production system through a developing economy market opportunity.

do you know what the loss factor at an average, centralized us power plant is in converting to electricity? ~70% + t&d losses.

the stationary SOFC that Dom is attempting to bring home has greater than 50% effeciency in conversion + they recycle the waste heat into additional service provision.

thats good margin. if they succeed, big style rewards await and I like the vision.

AVL list is top of my google search when I type AVL. It's hilarious that you criticize AVL. AV frickin L man! What more do you want?

no outsider knows the circumstances under which dnrg switched from delphi to a better company for their intents and purposes: AVL. no outsider knows how the financial consultation transitioned away from Fresh to (by many estimates) the superior talent they have now in house and in contract.

there are positives and negatives to this company.

About AVL

AVL is the world's largest independent company for development, simulation and testing technology of powertrains (hybrid, combustion engines, transmission, electric drive, batteries and software) for passenger cars, trucks and large engines. AVL is acting in the following scopes of business:

Development of Powertrain Systems: AVL develops and improves all kinds of powertrain systems and is a competent partner to the engine and automotive industry.

Simulation: In addition AVL develops and markets the simulation methods which are necessary for the development work.

Engine Instrumentation and Test Systems: The products of this business area comprise all the instruments and systems required for engine and vehicle testing.

Thanks. Any thoughts on how Fife might be planning to squeeze the most money out of this scenario?

Good call. of course there would be mechanisms for shifting everything around between entities within entities, gains and losses. what a awesome workaround; I'm still learning to think in those terms.. I'm trained in a service, not finance so I really do get a kick out of this.

I'm glad enough with a sub s for now.

Fife has ~23 mil then

AVL.

Delph may have tried to pinch the tech.. I remember some line in the MOU raising my suspicion around their intentions

yeah, I don't believe that these are individualized units for the residential like they have done in Japan, but they do have a bio gassification feature so depending on how they structure their modules it's possible on higher end construction if there is any. 50kw for example is enough for about 15 homes in the US if they are well designed/ insulated etc.. probably double to treble that in the DRC as I would assume a reduced square footage per unit expectation there. haven't looked in that far.

all that said, if I was in charge of the project, I would move in the localized rubicon systems, then develop/ subdivide( sort the access, sewage, elec panels)site work. then build. I would think it would be in the developers/ builders interest not to have to develop with diesel generators or whatever they do for beyond the grid work out there

all told, I'm down about 2k here..

all DNRG contracts for this year are beyond the grid, they connect to developments on localized lines, it's not a big, central transmission and distribution network like the US has. small time contractors can lay this kind of infrastructure.

I'm reading the footnote and I must admit this is a bit above me: how can 4 entities share the ownership/ pass ownership though in such a manner? What is the purpose of setting it up like this? I'm wondering if we're going to get an amended form soon? where is the signature?

maybe he thinks DNRG is a winner

I hope I'm wrong and that it's only the 23 mil but the document is structured in an odd manner.

One owner, 4 entities, one filing:

https://www.sec.gov/Archives/edgar/data/1343254/000114036116075631/doc1.htm

94,826,832 shares

There is a chance that DNRG is now a Fife company.