DNRG PR's over the last 16 months look to have been nothing but weapons of mass distractions.
Prime example was last week:
The same day the Authorized Shares Increased to 1.5 Billion were filed, DNRG PR's a "Petition for Gov't Grants". A distraction from what really actually took place here. The A/S increased 100% and actually HAPPENED, the petition grant is a request that DNRG is "hoping" happens and portrays some hope for the Company. *Thing is if they are denied WE WON'T KNOW
You can't value a negative cash flow company with no working product.
DNRG is becoming tougher and tougher for Allen & Watkins to maintain. Indications are appearing & becoming more apparent.
Even with having The Power Africa Initiative on their side, DNRG still DOESN'T have access to CAPTIAL, from the list of 30 or so lenders working with Power Africa. That's not a question of WHY IS THAT, but what is it that POWER AFRICA KNOWS & it's lenders that WE DON'T?