Genoil Inc GNOLF

RE:LIFSCHULTZs,you'll get no where

[UpPeriscope]

On December 13/2010 (9 long years ago), Genoil announced installation of a second Crystal Sea unit on board a VLCC tanker.

Per The Maritime Executive:

"GenOil reports that it is shipping a Crystal Sea Separator to a major VLCC operator, of one of the top five oil companies in the world. The Crystal Sea unit will be installed on board a tanker for a trial installation with the goal of placing Crystal Sea units on board their entire fleet.

GenOil is forming a new subsidiary corporation in the Middle East for the purpose of business development in the area in partnership with a principal business group for the purpose of selling the GHU Upgrader and Genoil's port cleaning solution. At the same time, Genoil intends to also open an office in Dubai and another in Saudi Arabia.

At the request of their manufacturers DongHwa Entec, Genoil is expanding its line of Crystal Sea Separators for the purpose of creating a full product range of every size to appeal to the entire shipbuilding industry, and the shipping industry in general. It is believed that this will facilitate significant market penetration. A new worldwide marketing effort will be initiated to sell to shipping lines.

Furthermore Genoil is bidding on Crystal Sea sales for a canal operator, a naval submarine for a national navy, and worldwide port operators.

In addition, Genoil is currently producing two new Crystal Sea units at the request of our Middle Eastern representative for client demonstrations."

Do recall Nichy (as Davey) stated "the margins were low" and efforts to continue with Crystal Sea were abandoned in favor of promoting the GHU.

What's increasingly evident: Genoil has not been able (through unfortunate twists of fate and serial incompetence) to follow through on a SINGLE initiative, the most important of which is IMO 2020. Davey 'would' expect a contract to be signed in the next 6-12 months, per his April statement.

"Go Genoil".