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Re: None

Friday, 09/30/2016 6:03:54 PM

Friday, September 30, 2016 6:03:54 PM

Post# of 50725
Let's remember at the last 10Q:

"For the nine months ended May 31, 2016, we recorded a net operating loss of $2,521,745. As of May 31, 2016, we had a cash balance of $5,723. We do not have sufficient funds for working capital and will need to obtain further financing"


They also have a $1,000,000 million dollar price for the 50Kw showcase unit that they needed to fund.



"today announces the activation of a plan targeted to restructure and eliminate the Company’s approximately $700,000 in convertible debt" June 29, 2016


"As the Company draws down on its GHS Investment equity line and has additional cash proceeds available, 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"



Will GHS CAPITAL & INVESTMENTS COME BACK INTO THE PICTURE FOR DNRG??
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