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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 DowntownCowtownon May 05, 2017 3:39pm
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Post# 26210331

RE:AGM

RE:AGMCould this be the last hurdle in the removal of the Canadian CTO? I found this on the Ontario Securities website under NP 12-202 Revocation of Certain Cease Trade Orders - PART 3 REVOCATION QUALIFICATION CRITERIA AND CONSIDERATIONS DIVISION 1 FULL REVOCATION "Annual meeting 9. An issuer should ensure that it has complied with the requirement in applicable corporate or similar governing legislation or any equivalent requirement in its constating documents to hold an annual meeting of securityholders. If the issuer has not complied with the annual meeting requirement, we will generally not exercise our discretion to issue a full revocation order unless the issuer provides an undertaking to the relevant CSA regulator(s) to hold the annual meeting within 3 months after the date on which the CTO is revoked. An undertaking does not relieve the issuer from any requirement to hold an annual meeting requirement." Could this be it? I guess we will have to wait and see - but then again isn't what waiting (and waiting) what being a Genoil investor all about? I'm 16 years in and counting... I would welcome some interpretations on this
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