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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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Comment by B2moiston Feb 06, 2015 8:57am
133 Views
Post# 23403035

RE:RE:RE:RE:RE:RE:RE:RE:RE:MCP

RE:RE:RE:RE:RE:RE:RE:RE:RE:MCPDon't get me wrong I am in total agreement on most things that you guys are talking about. I think DL et al are trying to do what's right (in their minds). Simple points . . . (1) I didn't buy a pink sheets stock, it was forced on us without a chance to deal with our GNO.V shares. (2) Handful of transactions (quoted many times by DL and others) (3) 13 Months to deal with "handful of transactions". I am an accountant and stunned by this cop-out about resources and cost. Apparently it is being worked on now! So the funds spent now could have been spent 12 months ago. Audit fees for my company are $25K a year and have extensive transactions that are reviewed over a two week period. (2) Sept/Oct - "Financials completed and being reviewed"... really? Then you are being milked by someone claiming to be an auditor. (3) I don't presume to think you are being underhanded. But I have to assess the risks when someone has my money and is the only one with access to it. (hence hostage). (4) GIVE US AN HONEST ANSWER. FINANCIALS/FILINGS WILL BE COMPLETED AT THE LATEST XXX (ie Feb 29th... lol)
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