Genoil Inc GNOLF

RE:RE:RE:RE:Due diligence on Gno claims

[redleg1]

David- The troubling line in the PR is "We have lined up the required feedstock and will organize sales necessary contracts for finished products sufficient to amortize the loan from the bank" Again, we're waiting on funding. Any timelines? Every contract I've worked on has been pretty particular about dates (and yes, I have worked on several contracts in the billion dollar range). If you don't have dates, how about a timeline once funding is lined up? I would be shocked and quite dismayed if a $700M contract didn't have any of that. As for you and Bruce being totally open and forthright, I had to snicker a little bit. We've gone over 4 months without material progress being announced in the past. We're going on 3 months after announcing a $5B project with no (yes, that's 0, zero, nil) follow up. Doesn't sound very open to me, because there should be work going on. And there's the issue of 100% dilution. The only shareholders that benefit from that are the insiders who have been paid with that stock. The rest of us are left in the cold. If you were really interested in taking care of shareholders, you would issue a statement of no more dilution except for necessary expenses or new board members. If you would have an annual meeting, you may be able to do some fundraising because the SP wouldn't be within striking distance to a nickel. Here's a news flash for you- the markets don't trade at what the SP could be. They trade based on performance and Genoil will not bust a dime until you change your definition of "soon" to something under a decade or two.