I have never invested in share price but in value.
There was no oily water separator that we called Crystal Sea in existence during the Beau Canada days. What they had was the sand cleaner project with Genoil through its division called CE-3 Technology that ran over estimates by over ten million dollars. It was difficult for Beau to come up with the 24 million dollars for this sand cleaner, and these expenses adversely affected the institutions that owned Beau who did not want experiments in new technologies but a just an E & P company. I was a large holder of Beau stock, but I could not save Tom there when the Catalyst Fund came in as the institutions abandoned him. That is why the CE-3 went bankrupt as Tom was ousted when they sold Beau, and could not make good on the debt. The idiotic creditors at CE-3 thought they could get the project going without the Genoil team by persuading a couple of engineers to come with them, and they could not make a go of it. I regretted the ConocoPhillips purchase of Beau Canada as we lost the upside on Lady Fern.
The oil technology at Genoil-CE-3 that we call the GHU was in a primitive state then and the thought was the upgrading could come out of a oil pipe at low costs. No less than Stantec agreed, and even my EXXON man I brought in to look at it thought it was a fascinating idea. Well the truth was that it did not work as I became involved and so you and I had nothing then. I was a technology expert having turned around Hart Scientific and sold it to Danaher, and there is a saying a good management with a bad technology is better than a good technology with bad management. We would like to think we are good management and we proved it at Hart. I thought the concept of hydrogen addition upgrading was good so we reworked it, and got the best results in the world. We used some key innovations that were created for the so called "pipe upgrader" so I do not want you to think that there was nothing at all here. The sand cleaner is still here but drastically remodeled, and more, as the old model had its limitations.
When we came to Aramco about five years later, they wanted a GHU that did not want to use external natural gas. So we spent millions reworking it. We created a zero waste process with no external natural gas so it is natural to expect that the costs were drastically reduced, which they were, and we made another critical advance.
During this earlier period, we continued our research and development into an oily water separator, and created the greatest revolution in that area with equipment now tested by Aramco-Vela, and they found our so superior and reliable that it was like the iPhone to the early clunkers that you found in the first mobile phones. Everything else was junk. That is where we are today that the press release below shows proven in two years of tests at Aramco.
As to Aramco for the upgrader, there was a mutiny here around that time as tens of billions of potential profit is here to fight over, and you might say Aramco went by the wayside then, and then you had the 2008 Lehman debacle that crashed the oil price as the economy nearly collapsed completely. If we had debt as most companies like ours do, we would have been gone. But we had no debt and I had no debt. So we were strong.
I went to the Middle East then, and that is where I am now, to reactivate the Aramco upgrading projects but this time with major royals there, as we have major royals behind us in Abu Dhabi as indicated below. That is what you see below on Abu Dhabi.
So what does the press release say? The royals at Abu Dhabi who have 95 billion barrels of oil reserves that will be sold for more than a hundred dollars a barrel, or 9.5 trillion, and six trillion of external assets, as compared to the largest bank in the United States with less than a hundred billion in capitalized value, saying in the words of His Highness Sheikh Dr. Sultan bin Khalifa al Nahyan that he will roll the GHU in the Middle East and North Africa, and the largest company in the world, Aramco-Vela, saying our technology in water treatment is the best in the world.
Now what is that worth? I would say to me at least $3.00 to $5.00 a share, or about 100 times its present price. You should be dancing in the street at this opportunity not bewailing the stupidity of Wall Street which never gets it right ever which is why Buffett has made so much money.
I have not sold a share and I am very happy at what we have achieved at Genoil and this press release is the foundation of our selling efforts this year. We are confident in our future success.
Genoil Inc. Rockefeller Center, 1230 Avenue of the Americas, 7th Floor. New York, NY 10020 ; Tel:(914) 433-0304. Fax (914) 834-9045.
From:
To: dklifschultz@genoil.net
Sent: Monday, January 14, 2013 9:16 AM
Subject: RE: info ? I understand all this and I want to "believe" but the share value is at the lowest point in history. My son sold out at $1.65 per share. I convinced him to ivest and now he laughs for me still being involved. I was speaking with Tom Bugg in those days who assured me we were just getting going. I have believed and started buying in when this company was still a part of Beau Canada. I have been around a long time.
The information you provided here and a dollar sixty four will buy a cup of Tim Hortons coffee. It has not helped the share price at all nor will it help me recoup my losses from believing in you and this technology.
We have met Mr Lifschultz. ( If this is you ? ). I was the person who defended Tom Bugg when Martin Gwynn verbally attacted him at the AGM many years back. I have been to quite a few AGM's of the years. I have probably attended more AGM's than any other investor.
Throw me a bone please. Give me something ??
Date: Sat, 12 Jan 2013 20:43:06 -0800
From: dklifschultz@genoil.net
Subject: Re: info ?
To:
Are you serious? See below. What stock do you have whose technologies have been validated by the ruler of Abu Dhabi's eldest son, see genoilemirates.com, and the largest company in the world, Aramco-Vela. Abu Dhabi through ANDOC is the seventh largest producer of oil in the world. They have 95 billion barrels of oil in the ground, which at a hundred dollars a barrel, is 9.5 trillion. And six trillion in external investments. Who has that kind of backing?
Genoil Emirates Obtains Professional License to Operate in The United Arab Emirates 
Press Release: Genoil Inc. – Mon, Oct 22, 2012 6:00 AM EDT CALGARY, ALBERTA--(Marketwire - Oct 22, 2012) - (TSX VENTURE:GNO)(GNOLF) Genoil Emirates announces that it has successfully obtained a Professional License to perform pollution and environmental protection services in the United Arab Emirates, and has been added to the Commercial Register in the Emirate of Dubai. Genoil Emirates is a jointly owned corporation between SBK Holding LLC ("the holding Company of His Highness Dr. Sheikh Sultan bin Khalifa Bin Zayed Al Nahyan") and Genoil Inc. ("Genoil") of Canada (see www.genoilemirates.comwebsite). In a joint meeting with SBK Holding Board, The Chairman His Highness Dr. Sheikh Sultan bin Khalifa conveyed on behalf of SBK: "We are pleased that Genoil Emirates has received its license to operate in the United Arab Emirates and we are hopeful that Genoil''s technology will spread across the region and help preserve and improve the quality of our natural resources and further protect our environment for generations to come." Genoil Emirates with this registration and license will commence its rollout in the United Arab Emirates using Genoil''s technologies, which include the GHU Hydro-conversion System, the Crystal oily water separators, the ports cleaning solutions, waste water management, Genoil fish farm cleaning technology, and sand cleaning for oil contaminated beaches. Genoil will also market these technologies throughout Middle Eastern and other countries.
Genoil Inc. further announces that its Crystal Sea Oil Water Separator that was being tested by Vela International Marine Limited (a division of Saudi Aramco) has performed successfully over a two year period on their "Janah Star", a two million barrel tanker, and that Vela has accepted a separator for purchase. Vela International has worked with Genoil over the past several years to assist in the proving of Genoil''s Crystal Sea Separator technology on its vessels in all the types of weather conditions on the high seas. These tests will form the marketing basis for the worldwide rollout of the Crystal Sea that shall commence immediately.
About Genoil
Genoil is an international engineering technology development company based in Alberta, Canada that develops innovative hydrocarbon, oil and water separation, and marine technologies. Genoil''s shares are listed on the TSX Venture Exchange under the symbol GNO, as well as on the OTC Bulletin Board under GNOLF.
Certain information regarding Genoil Inc., including management''s assessment of future plans, initiatives, operations, and the ability to successfully complete any initiatives may constitute forward-looking statements under applicable securities law and necessarily involve risks associated with an oil and gas technology development corporation, including competition from other technologies and companies, and the ability to access sufficient capital to successfully develop the company''s business. As a consequence, actual results may differ materially from those anticipated. The Corporation assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those contemplated by the forward-looking statements. Additionally, statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the company''s ability to successfully execute on its projects. Further information on potential risk factors that could affect the company''s financial results can be found in the company''s disclosure materials filed on SEDAR at www.sedar.com and with the Securities and Exchange Commission. Genoil Announces Marketing and Manufacturing Agreement with Significant Korean Company
CALGARY (Alberta, Canada) November 1, 2012 Genoil Inc. ( TSXV: GNO.V OTC Markets: GNOLF) is
pleased to announce that it has granted marketing, manufacturing and distribution rights to Donghwa
Entec, a reputable Korean manufacturer of marine equipment. The rights pertain to the Crystal Sea oilywater
separators designed for the new shipbuilding industry together with retrofitting of existing ships.
Genoil models feature one of the most compact bilge separators worldwide with throughputs ranging from
0.25 m3/hr. capacity to 10 m3/hr. units.
Donghwa Entec, being one of the largest manufacturers and suppliers of marine heat exchangers
worldwide, is in an ideal position to market and manufacture Crystal Sea separators. Donghwa Entec has
a significant market share of heat exchangers in Korean, Japanese and Chinese shipyards which
collectively control over 90% of the shipbuilding industry. This is particularly important in that Donghwa
Entec is heavily involved in the retrofit market for heat exchangers, making it an ideal partner for Genoil to
deal with the retrofit market for oil-water separators on existing ships.
The contract recently signed with Donghwa Entec also licenses Donghwa Entec to be the sole
manufacturer of Crystal Sea separators. Donghwa Entec has been selected as Genoil’s exclusive
manufacturer due to its superior manufacturing capabilities, high productivity and quality control.
Donghwa Entec is certified by ISO 9001, ISO 14001, ABS, DNV, BV, Lloyd Register, Germanischer
Lloyd, ASME and has also obtained numerous awards of excellence in Korea. Donghwa Entec recently
obtained MED Module D certification issued by ABS for manufacturing Crystal Sea separators in
accordance with European Union standards.
In developing Crystal Sea separators Genoil’s efforts were aimed at bringing to the market a unique
product that is capable of removing oil without using filters. Unlike conventional separators, Crystal Sea
is capable of achieving excellent purity of the water through mechanical separation alone and no moving
parts. This is further verified as Crystal Sea has been approved and tested by the US Coast Guard to
permit our units to be placed on all ships arriving at US ports. Apart from greater reliability and ease of
operation, the Crystal Sea units feature very low operating and maintenance costs which were proven
during extensive tests onboard a 330,000 TWD super tanker over a period of 2 years.
David Lifschultz, Genoil’s Chairman, stated: “I am delighted that after extensive analysis and research
that Genoil has entered into a manufacturing and marketing agreement with such a high quality firm as
Donghwa Entec. It is a major player in the shipping and retrofit market in heat exchangers and we trust
that our oily-water separator will be a real complement to their existing market.”
Genoil Inc. Rockefeller Center, 1230 Avenue of the Americas, 7th Floor. New York, NY 10020 ; Tel:(914) 433-0304. Fax (914) 834-9045.
From:
To: investorrelations@genoil.net
Sent: Sunday, January 13, 2013 12:10 AM
Subject: info ? Its been a long long ride since the CE3 days. The future looked much brighter many years ago than it does today :(.
I have been an investor and supporter of this company since then with little or no reward.
Is there any promising news on the horizon ?
Thank you in advance for your reply