OTCPK:GNOLF - Post by User
Post by
sonoutlawon Jan 07, 2006 6:11pm
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Post# 10124878
Lukoil not good for Genoil
Lukoil not good for GenoilI am now hoping that Genoil doesn't do a deal with Lukoil. I don't have much faith in the Russian legal system to protect Genoil's technology and patents. What's stopping Lukoil from taking possesion of the GHU once it's installed, stopping all cheques to Genoil, then "nationalizing" the technology via reverse engineering.
Then, just like dismantled Russian warheads, the technology would leak out into the "Oilistans & Gasistans". Pretty soon it's everywhere and we are left with the bill.
Lets keep this technology in the West, and the money back into my jeans.