{"id":6133,"date":"2015-07-02T15:11:31","date_gmt":"2015-07-02T15:11:31","guid":{"rendered":"\/?p=6133"},"modified":"2015-07-02T15:39:24","modified_gmt":"2015-07-02T15:39:24","slug":"will-dominovas-energy-corp-otcmktsdnrg-bounce-further-up","status":"publish","type":"post","link":"\/articles\/will-dominovas-energy-corp-otcmktsdnrg-bounce-further-up\/","title":{"rendered":"Will Dominovas Energy Corp. (OTCMKTS:DNRG) Bounce Further Up?"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90603\/fsadf.png\" border=\"0\" width=\"424\" height=\"189\" \/>Judging by yesterday&#8217;s bounce and by today&#8217;s green opening, one may conclude that Dominovas Energy Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a>) has concluded its downward slide. But will that truly be the case? <\/p>\n<p>Frankly, all the evidence that due diligence can provide seems to point that the exact opposite is more likely. Just take a look at the numbers that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>gave in its latest financial report, for Q1 2015:<\/p>\n<ul>\n<li>ZERO IN CASH<\/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 figures can hardly inspire confidence. In fact the very opposite is truer, as companies filing for bankruptcy often have less depressing financials.<\/p>\n<p>However, the real problem, which is also probably the cause of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a>&#8216;s <\/strong>latest catastrophic crash lies elsewhere.<\/p>\n<p>As the company&#8217;s latest financial report grudgingly reveals, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>has issued convertible notes to Kodiak Capital Group worth approximately $330 thousand, which sport conversion provisions allowing the note holder to turn said debt into common stock at prices of either $0.0044 or $0.0022.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90603\/fasdfsa.png\" border=\"0\" width=\"197\" height=\"42\" \/>It is unclear how much of that debt has already been converted and dumped on the market, but the bottom line is that its existence is a continued threat to investor value. Investors should make note of that before they commit to <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>stock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Judging by yesterday&#8217;s bounce and by today&#8217;s green opening, one may conclude that Dominovas Energy Corp. (OTCMKTS:DNRG) has concluded its downward slide. But will that truly be the case? Frankly, all the evidence that&#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-6133","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\/6133","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=6133"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6133\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}