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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 riders34on Jul 05, 2016 9:47am
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Post# 25022634

RE:RE:Due diligence on Gno claims

RE:RE:Due diligence on Gno claims Sorry, could only find the Genoil press release.  No contact details for any third parties other than 
For GNO  management, which is a clear proof  that it was not issued jointly.  Not filing these material contracts with the sec as is legally required is also a big red flag. Failure to file due to Confidentiality is the first excuse given when contracts are non binding and vague as to financial terms.

Funny how not a penny has been spent in the last 10 years on r&d and the technology has been written down to close to zero (check the financials), with all expenditures being to pay for the jet set lifestyle of management. That is what you call due diligence, not claims by two uneducated silver spooners. 

Lets get a real engineer to go on record to currently validate the technology as opposed to regurgitating long ago tests by companies who think so much of the technology that they walked away.


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