dynaCERT Inc T.DYA

New Press Release - dynaCERT Launches $6,000,000 Non-Brokered Private Placement of Equity

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it initiated a non-brokered private placement of equity (the Offering”) of up to 40,000,000 units...read article.

[SIMPLICITI1]

"The gross proceeds of the Offering will be used to finance sales of the Company’s HydraGEN™ Technology Products to participants in the mining, oil & gas, transportation and generator sectors on a global basis, for working capital, for general corporate purposes, an equity investment in Cipher Neutron Inc., and to settle advisory fees and permitted finders’ fees under applicable

[Hejhog]

My guess is the current "order" from H2Tek, which shares the same address as DYA, is about as legitimate as the KarbonKleen order of 3000 units, or the Guyana "order" through the "conduit".  Gotta love that only about $20,000 has traded since this big announcement. All the people who imagined they "lucked out" buying 460,000 shares exactly a week before

[SIMPLICITI1]

You are probably right on with that. However on the off chance that they are legit, then they should pay up for the order placed and remove the requirement for DYA to fund any such order.  As the deal is destined for South America, H2 TEK should be able to get EDC backing or the order too, reducing their risk Nothing ever adds up with dynaCERT.....ever

[lscfa]

H2Tek is not a reseller. It's an outsourced sale rep that gets a commission when it sells units to end users.

[SIMPLICITI1]

From the press release announcing the sale: "dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that its dealer, H2 Tek LP (“H2 Tek”), has provided purchase orders to dynaCERT to purchase the Company’s proprietary HydraGEN™ Technology. They are also listed under dealers on the DYA website.

[Lllennn]

It happened so fast from when they announced equity firm, just zapped SH's, I thought they would of tried to sell more before DB, and it's just start they need 35 mil more, borrow more to pay interest then split more split. I had so much hope for this company but when they did the 2 mil DB @ 10% that's when I said no way th se guys just need fast cash imo

[lscfa]

Dealer = salesman

[SIMPLICITI1]

Whatever......

[Lllennn]

The gross proceeds of the Offering will be used to finance sales of the Company’s HydraGEN™ Technology Products to participants in the mining, oil & gas, transportation and generator sectors on a global basis, for working capital, for general corporate purposes, an equity investment in Cipher Neutron Inc., and to settle advisory fees and permitted finders’ fees, Small fraction of what is

[lscfa]

DYA's dealers are not resellers. e.g. DYA often gets deposits from end users when purchase orders are received.

[Hejhog]

Define "often". 

[chiefvh]

real orders or fake orders?

[Lllennn]

6 million shares available on US side just crazy, flushing shares no one wants, RS this 10-1 see how it would hold up? Zero chance, it would go back into pennies within days, pls don't burn your capital every one seen this coming, they want 21 mil for Cipher imo

[Lllennn]

Looks like they going to pump and dump this a least one more time volume going up and holding since big issue, maybe before holidays woot woot imo

[Lllennn]

208k shares traded today, this is going to make a HUGE run imo just imo it's an opinion read definition of opinion imo

[Chieff]

You need help imo

[Lllennn]

They setting this up for a huge run imo

[SIMPLICITI1]

Iscfa, Not sure what your point is. BUT when a company states its received an order from its dealer, then a document (as in a purchase order from that dealer) should have been generated and delivered from the dealer to DYA.  Now if the Press Release stated that dynaCERT received a purchase order "Through" its dealer, that would mean that the dealer's customer placed an order