OTCPK:GNOLF - Post by User
Comment by
peterap2001on Nov 02, 2017 1:09pm
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Post# 26895281
RE:Revisiting the 11/10/2016 Genoil release:
RE:Revisiting the 11/10/2016 Genoil release:I would assume all things Russia are tied to the corporate continuance, as there are heavy sanctions in place against a lot of russian firms.
https://www.reuters.com/article/us-china-cefc-bank-exclusive/exclusive-chinas-cefc-plans-its-own-bank-as-rosneft-stake-bulks-up-trade-idUSKBN1D1493
"Banking sources cautioned that CEFC’s planned investment in Rosneft, which is sanctioned by the United States, and a lack of transparency in the group’s shareholding structure may make western banks cautious about being a counterparty with the planned bank due to compliance reasons."
With regard to the continuance, does anyone feel like spending a little money to confirm Alberta even shows Genoil as being in Good Standing? They need that cert to file for the continuance to curacao. I'm hopeful that some of this will be discussed in the next set of quarterly reports that should be coming in a couple of weeks.