Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services

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

Genoil Inc

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Post by ERealon Jun 05, 2008 12:01pm

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Post# 15148996

selling

Do you think the selling might be in response to the latest news release? Obviously they are not selling any of the crystal sea separators, and they had stated earlier that this would be a source of cash flow. This company is not living up to its promises, and people seem to be getting sick of it. The stock is already high float and it's going to have to get a lot of financing from somewhere to ever get an upgrader built, even if they can pull off a good deal. Then it will take them a couple of years to actually build it if they are even competent enough to do so. Revenues are years off for genoil. As far as I'm concerned a sub-20 cent price on this company is fair value until they can start living up to their promises.

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