{"id":6076,"date":"2015-06-26T12:14:42","date_gmt":"2015-06-26T12:14:42","guid":{"rendered":"\/?p=6076"},"modified":"2015-06-26T12:39:23","modified_gmt":"2015-06-26T12:39:23","slug":"dominovas-energy-corp-otcmktsdnrg-explodes-into-action","status":"publish","type":"post","link":"\/articles\/dominovas-energy-corp-otcmktsdnrg-explodes-into-action\/","title":{"rendered":"Dominovas Energy Corp. (OTCMKTS:DNRG) Explodes Into Action"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90542\/fsadfsa.png\" border=\"0\" width=\"424\" height=\"189\" \/>Dominovas Energy Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a>) increased its market value an astounding 1303% yesterday, when it announced what it called a &ldquo;<em>partnership with the United States government<\/em>&rdquo;. <\/p>\n<p>This sort of thing has been seen on the OTC Markets hundreds of times &ndash; a small company announces that it is going to have something to do with something related to the US government, and investors fly into a frenzy of buying. This particular case saw the company&#8217;s market value spike all the way to $6 million on a dollar volume of $2.5 MILLION.<\/p>\n<p>64 million shares changed hands out of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a>&#8216;s <\/strong>90 million shares outstanding &ndash; with such numbers, even calling the session eventful and exciting looks like a gross understatement.<\/p>\n<p>Investors simply couldn&#8217;t get enough of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a><\/strong>, once it became clear that it is to be part of an initiative aimed to <em>&ldquo;accelerate private sector investment in Africa&#8217;s power sector over the next several years<\/em>&rdquo;. But was their excitement really warranted?<\/p>\n<p>Sure, landing a partnership with the US government could end up being a big deal, but there&#8217;s more to <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>than that:<\/p>\n<ul>\n<li><strong><span style=\"color: #ff0000;\">NO CASH ON HAND!<\/span><\/strong><\/li>\n<li>Prepaids &#8211; $15 thousand<\/li>\n<li>Convertible debt &#8211; $330 thousand<\/li>\n<li>Current Liabilities &#8211; $1.1 million<\/li>\n<li>Net loss &#8211; $228 thousand<\/li>\n<\/ul>\n<p>Those horrendous numbers are the closest thing to a summary of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a>&#8216;s <\/strong>financial standing that can be gleaned from its latest report, for the quarter ended February 28, 2015. Suffice it to say, these balance sheets don&#8217;t look like the accounts of a company that&#8217;s poised to exploit the vast opportunities its partnership could represent.<\/p>\n<p>No, rather the reports make DNGR look like just another mediocre OTC Markets company &ndash; idle and unimpressive.<\/p>\n<p>And the more due diligence is done, the bleaker the picture gets. For instance, it turns out that on Oct. 27, 2014, DNGR became issued a convertible note to Kodiak Capital Group for the principal amount of $165 thousand, for unspecified services. Somewhere along the way, that sum somehow doubled &ndash; but the report doesn&#8217;t really clarify how that happened, just as it doesn&#8217;t really help discern the conversion discount provisions.<\/p>\n<p>This particular section of the 10-Q is so confusing, sparse and outright badly written that it&#8217;s really unclear whether Kodiak could still convert debt into stock at a 50% discount of the lowest closing bid price for the thirty sessions prior to conversion. Suffice it to say that if this is the case, there is currently a frightening amount of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>shares that could drown the ticker in toxic dilution at any given moment in the immediate future. What&#8217;s more frightening is the realization that after such a jump, the results could be pretty much the same even without the 50% discount.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90542\/fsadfsaf.png\" border=\"0\" width=\"183\" height=\"39\" \/>Add the fact that the company was the target of a paid pump for $50 thousand not 20 days ago, and it should be obvious exactly how risky an investment <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>actually is at the moment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dominovas Energy Corp. (OTCMKTS:DNRG) increased its market value an astounding 1303% yesterday, when it announced what it called a &ldquo;partnership with the United States government&rdquo;. This sort of thing has been seen on the&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1714],"class_list":["post-6076","post","type-post","status-publish","format-standard","hentry","category-news","tag-dnrg"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=6076"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6076\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}