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 Aug 16, 2017 9:26am

159 Views

Post# 26586717

RE:Suspicious Indeed

Gotta love the drama of playing with the numbers and concept of shorting.

If 10 shares get sold in a day and 10 are short thats 100% were apparently shorted. Or better yet 90 cents!!!

There has only been about 45M shares transacted this year which is like 10% of the entire float.

There has not been one clear source on what the actual short position is and possibly it is a number that cannot be determined due to its obscurity within the trading houses. That being said, activity & results will overtake shorting pressure. And that will only occur once the CTO is lifted and there is actual results. Until then, shorting and "longing" will be normaly course on these small volumes.

However, there will be those on this board that read a lot into those tea leaves.

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