{"id":6160,"date":"2015-07-04T14:14:00","date_gmt":"2015-07-04T14:14:00","guid":{"rendered":"\/?p=6160"},"modified":"2015-07-04T14:39:23","modified_gmt":"2015-07-04T14:39:23","slug":"dominovas-energy-corp-otcmktsdnrgs-tumble-continues","status":"publish","type":"post","link":"\/articles\/dominovas-energy-corp-otcmktsdnrgs-tumble-continues\/","title":{"rendered":"Dominovas Energy Corp. (OTCMKTS:DNRG)&#8217;s Tumble Continues"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90633\/fasdffa.png\" border=\"0\" width=\"429\" height=\"191\" \/>Dominovas Energy Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a>) had an amazing jump once it managed to attract the investors&#8217; attention through boastful PR and promises of a bright future &ndash; but now that the hype around it has dissipated, it seems that all that the ticker can do is crash. <\/p>\n<p>True, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>talked big &#8211; multi-megawatt agreements with the Democratic Republic of the Congo, contracts that are to bring more than $100 million in &ldquo;guaranteed revenues&rdquo; and other such glamorous future achievements were mentioned.<\/p>\n<p>However, any due diligence seems to cast a dark shadow of doubt on the bright and colorful picture that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>has painted for investors. For instance, the company&#8217;s latest quarterly report for the period ended February 28, 2015, yields the following horrible numbers:<\/p>\n<ul>\n<li>NO CASH ON HAND!<\/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>Suffice it to say that these do not look like the figures of a company that is soon to have hundreds of millions worth of revenue. No, they look like the filings of you everyday mediocre OTC Markets penny stock company &ndash; and the worst part is, that they&#8217;re not the only thing that makes <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>look suspicious.<\/p>\n<p>Said financial report also contains information on <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a>&#8216;s <\/strong>outstanding debt. That information does not present the company in a flattering light either, as it details convertible notes issued to to Kodiak Capital Group worth approximately $330 thousand that can currently convert into common stock at prices of $0.0022 per share.<\/p>\n<p><img decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90633\/fsadfas.png\" border=\"0\" \/>This being the case, it hardly surprising that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DNRG\">DNRG<\/a> <\/strong>is currently falling as hard as it is.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dominovas Energy Corp. (OTCMKTS:DNRG) had an amazing jump once it managed to attract the investors&#8217; attention through boastful PR and promises of a bright future &ndash; but now that the hype around it has&#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-6160","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\/6160","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=6160"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6160\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}