Dominovas Energy Corp. (fka DNRG)

[Alinea818]

"whenever you look at the companies that John M Fife's various entities have funded you get a list something like this:"

The fact that John Fife & Mark Grober/GHS Capital/ GHS Investment are involved speaks volumes in terms of the kind of "BUSINESS" Allen & Watkins are conducting. I won't go into Allen & Watkins past or their gaming site Big Stakes 5...

original post, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90634006

SAPX
SFMI
XDSL
MWIP
TAUG
NVNC
SWET
SDRG
PMBS
BONU
CSKH
EPAZ
BONZ
FLPC
DIDG
ECOB
CBAI
NBRI
HLXW
ARSC

And those are only a SAMPLE.

I finally got tired of looking them all up!

The only thing they have in common is an average price around ZERO.

I suspect most of them don't even trade anymore.

You have to wonder how can a guy make money lending to companies with minimal assets, no profits, and usually not even any revenues.

Oh, wait!

I forgot, all those loans were in the form of CONVERTIBLE bonds -- like the one CTTC just issued to Tonaquint.

The SEC says:

"Because a market price based conversion formula can lead to dramatic stock price reductions and corresponding negative effects on both the company and its shareholders, convertible security financing with market price based conversion ratios have colloquially been called "floorless", "toxic," "death spiral," and "ratchet" convertibles."

Oh, I get it!

PIPES, toxic convertibles, making money lending to broke publicly traded companies, fraud, etc etc -- it's so much clearer now.