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.

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Genoil Inc

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Comment by B2moiston Sep 06, 2016 5:58pm

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Post# 25211741

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Auditors

I think what the investors want to hear is simply this..... Realistically it will take 2 years before contract details, funding and project plans are put in place with a further year before a shovel is in the ground. Assuming everything works out to plan, GNO plans to see a return in 4-5 years. .... Nich seems content on towing us along with hopes and dreams of immeasurable value and opportunity. Once CTO is lifted, I will see what the first week or two brings, but essentially looking to divest for now, invest elsewhere, and watch GNO on the sideline until some sort of measurable appreciation or progress is achieved.

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