OTCPK:GNOLF - Post by User
Comment by
UpPeriscopeon Oct 10, 2019 12:37pm
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Post# 30217726
RE:big risk, big return
RE:big risk, big return drydock:-"It is a penny stock because it does not have much income, high risk, but is posed to make forward motion if only one of many options happens to hit its mark."
This is verbatim the scam that Davey has foisted on shareholders for years, they have accrued to a Moby-D!ck scale and tale-and one Davey himself inarguably believes. Consider that Genoil has built NOTHING save a now derelict test facility in Two Hills Alberta. And to witness (as stealth did) what condition it was left in is revealing in itself-now an abandoned environmental wasteland.
For Davey to state that Genoil will build pipelines and ports as necessary is pretentious beyond incredulous. At best Genoil would be a middle man standing as the essential link between the financer(s) and the developers. A vulneravble position IMO, but Davey no doubt believes the Genoil patented process is the holy grail of the oil industry. Why hasn't this ever transpired? The process has never been proven scalable to the multi-billion dollar level that Davey so shamelessly brags of.
Davey has baked a perfect batch of cookies in his home oven and is exceedingly confident the batter recipe is so laudible that Oreo is going to take him (Genoil) global and make him a bazillionaire. The stock is at 3 cents and struggling ever since he declared 2016 (or was it 2015, there's been so many best years) "the best year in Genoil's history".
That's how the cookie crumbled.