What makes you think DNotes is not a P&D ... is simply that DNotes is still in its P-phase:
https://poloniex.com/exchange#btc_note
http://coinmarketcap.com/currencies/dnotes/

Once this (admittedly impressive) price rise will turn around and collapse into the D-phase
... DNotes will also leave a lot of people bagholding.

Why should it be different from all the other cryptocoins?