Genoil Inc GNOLF

News pipeline almost closed

[Jackroy]

I have not been able to get any more news except that a deal is done with everyone now supposidly, but still some loose ends on the trading front. This could be short or a long time coming. I can see Largelibin getting too bullish again. The upgrade is very very immature. It will take a good one to two years to take it to the next stage which is small small scale development - maybe 100 bls/day. Right now the prototype does 1 barrel /day. To go to 100 bls/day is a $10Million dollar test. Does this sound possible like it is going to happen overnight - I don't think so. Then to go from 100 bls/day to 100,000 barrels/day is a hugh leap and no one, not even Gulf makes this decision over night. I think we are 5 years from seeing this technology in production. Not to say that it won't, but it certainly will not be over night. This technology was marketed by the receiver to 80 companies including all the major oil sand companies around the world. Not one bite - not one. How valuable is it? Next big issue is of course the management team. Tell me, would you lend Bugg, Fat Bastard, Jose the liar geese, or any of these clowns $1,000 or $5,000 personally given their track record. Why in the world then would you be in this stock. Again, I think the news will take it on a ride - maybe 20 cents, but then I am out. I hope i am wrong and i hope everyone gets their money back. But don't think for a moment that this is going in the next upgrader project in the next 5 years.