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Genoil Inc GNOLF

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.


OTCPK:GNOLF - Post by User

Bullboard Posts
Comment by peterap2001on Nov 21, 2017 8:09am
109 Views
Post# 27001797

RE:RE:RE:RE:Ivanhoe versus Genoil:

RE:RE:RE:RE:Ivanhoe versus Genoil:Just put people on ignore.  It makes life better.  The majority of the posters are disgruntled longs who are either stuck in Canada, angry about the share price, or are just irrational.  Yes, the current share price sucks.  No, we would not have to wait 20 years for revenue.  Management has been explicit about the change in revenue model and shifting away from solely license revenues.  There would be significant revenues as soon as any one of many projects (aramco, russia--trip in the next week or two, pemex, kuwait oil, kuwait solar, KSA solar) gets signed.  Good things have continued to happen this year--Raushan, Agreements with russian research institutions who are actually testing oil, mexico team that popped up out of nowhere, complant, antoin...

Also, the company seems to be in good standing in Canada as they were relisted shortly after last years shareholder meeting:

https://www.qp.alberta.ca/documents/gazette/2017/pdf/03_Feb15_Registrar.pdf
GENOIL INC. Federal Corporation Registered 2000
NOV 17. Struck
-
Off The Alberta Register 2014 MAY
02. Reinstated 2017 JAN 11. No: 219067535

And I've had a crazy thought lately...  What if there really is a huge naked short position?  As part of the relocation to curacao, there would be a name change and cusip change.  Cusip change means that shares need to be exchanged.  What if you don't actually have shares?  Would you go out of your way to try to hold it up and sink the move somehow?  If I were genoil, I would be pestering the regulators, as I cannot think of anything that would hold up a simple relocation.  Corporate continuance out of alberta just seems like a little paperwork based on what I've read. 

And another reminder... put people on your ignore list.  :)
Bullboard Posts