Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services

Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.

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Genoil Inc

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Comment by redleg1on Oct 22, 2016 7:10pm

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Post# 25374808

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Proxy

nicholasromanov wrote: An LOI from a port is a great deal diiferent than applying to a bank for a five billion LOI. Try it some time with J. P. Morgan Chase.

Nich- this is why I missed you. I take from the tone of your message you have applied for a $5B line of credit at Chase. The only difference is magnitude and due diligence. The lack of binding in the legal sense is the exact same. Anyone who knows anything about business would tell you it's easier to execute on a few million vs. 5 billion. Your point really doesn't make Genoil look good.

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