OTCPK:GNOLF - Post by User
Post by
genoilinvestoron Dec 07, 2017 2:55pm
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Post# 27111882
the new agreement in russia
the new agreement in russialet's play devil's advocate ....
why would a russian group owning 5 oil fields make an agreement with genoil?
in order for this agreement to move forward, genoil has to come up with financing, and put together a construction team for the refinery / oil pipeline / etc.
why choose genoil? how would genoil convince anyone to agree to work with them?
imo, before genoil walked into this agreement, they would have had some degree of certainty that they could finance the deal (with chinese backers) and be able to prove it. imo, a very high degree of certainty. and a lot of proof.
plus they would have had some company(s) in line to do the construction work. although, with financing, i'm sure they could get many companies interested in joining the venture.
so the real question is: does genoil have the financing (very close to) in place?
imo, they would have to ... or why would the russians agree to work with genoil? the russians would have to be convinced that genoil can get the job/financing done before signing such an agreement.