Here are references for Genoil management.
The Lifschultz companies were started in 1899 led in succession by David B. Lifschultz, Sidney B. Lifschultz, and David K. Lifschultz that has controlled the following companies:
Trans-Air Freight Systems was a failing company controlled by Ted Arison later of Carnival Lines. David Lifschultz and his father turned it around and then acquired Air-Land which was a failing air freight forwarder owned by Delmonte that they turned around later selling the combined companies to Air Express which merged with Deutsche Post at a great profit. Air Express shares soared and the Lifschultz Family sold its shares at a huge profit. It eventually became Deutsch Post.
Lifschultz Industries was an 1899 company which owned Lifschultz Fast Freight and acquired a public company Hart Scientific which had collapsed in price and was losing money. It was a reverse acquisition so the company retained its public company and Nasdaq listing. David K. Lifschultz supervised this acquisition as the CEO of Lifschultz Fast Freight and turned it around renamed Lifschultz Industries. It was sold to Danaher after selling the transportation company Lifschultz Fast Freight and replacing it with Hart Technology that was losing money and was completely reorganized to become a dynamic growing technology company. They partnered with Donald Trump. Danaher executives said this was one of their finest acquisitions. It was extraordinarily well run.
Then, the Lifschultz Family took control of Genoil and funded it with approximately 9 million dollars of loans at this date as well as purchasing enough shares to control it. It has over 6,000 shareholders and about 630 million shares. The upgrading technology that it controls is the best in the world.
Genoil had successful GHU tests with Lukoil, ConocoPhillips, Silver Eagle just to name a few and these were
press released. It also had a successful test of the upgrading technology for meeting IMO reduced sulfur for
bunker fuel.
Here are a list of recent review:
Genoil, Inc. is a Lifschultz family controlled public company and is our largest venture where 90 million dollars has been invested largely by the Lifschultz Family. The technology that it controls converts heavy oil to light oil. 70% of world reserves are heavy. Genoil's goal was to create enough units to produce 22 million barrels a day as a reserve insurance policy against the closing of the Straits of Hormuz. See our study in footnote 1, where the cutting off of the 22 million barrels a day would trigger the implosion of the 2.5 quadrillion derivative market crashing the world financial system. Our proposal to Samuel Bodman then Secretary of Energy fascinated him, and thought it was a brilliant idea but EXXON shot it down.
EXXON had blocked our technology with all majors as the inundation of the world oil supply with excess light oil from our process converting heavy oil which is 70% of world reserves in the ground would drive down their valuation of light oil reserves on their balance sheet. So all major oil companies boycotted us as Fred Koch was boycotted in the 1930s for his refining technology. He went to Russia which gave him his start handled personally by Joseph Stalin, and we went to China who backs us inspired by Fred Koch. This situation was confirmed to us by Gianluigi Longinotti-Buitoni then president of Ferrari in a conversation with the Board Member of EXXON Lucio Notto.
What then happened was that every stock transaction started showing naked shorting as at Gamestop which is interpreted to
mean that the goal was to bankrupt the company. This daily information was public. The interpretation that these were covered as they disappeared from the short records was not logical as corresponding purchases were not seen. As the major indexes are illegally shorted as footnote one establishes by cash settlement, the interpretation that this naked shorting was not happening did not make logical sense as illegality in the trillions of dollars of positions in cash settlement manipulations was also ongoing though concealed by the very same players that were said to be naked shorting. Naked short was just another form of concealed illegality as the multi-billion manipulations of the market through cash settlement. In other words, we never saw the crosses or the covers taking place for the shorts as we watched this every day. In any event, the Lifschultz Family position continued to be increased by the non-payment of interest on its loans which accumulated and were convertible. In other words, the Lifschultz Family let the interest accumulate as the company could not pay it. You cannot find a better friend of shareholders than they were.
We have the following projects pending:
1. The five billion dollar LOI from the giant Chinese bank for the 50 billion dollar project for Saudi Arabia which five billion dollar LOI for the first tranche is renewable today at the Saudi request. It was first handled by Crown Prince Nayef the brother of King Abdullah where Aramco would fund the 50 billion dollars themselves and the five billion dollar LOI for the first trance was recently on the desk of Crown Prince Mohammed bin Salman.
The next press release covers this above 50 billion dollar project for 3 million barrels a day for the first 600,000 barrels a day. This is making daily progress.
The following is the first press release:
The following press release covers our proposal for Russia to divert all of its oil, natural gas, and other natural resources to China and costs up to 700 billion dollars would be covered by our backers. In the link you will find this covered by Asia Times from a balance of power-geopolitical perspective. It would make the EU totally dependent on the US control of the sea for their natural resources. Whatever independence the EU has would be gone. This money is available. The Ukraine crisis places this on he front burner.
The geopolitics is covered here. The Russia-Chinese proposal is on the front burner based on the Ukraine project.
The next link covers our 2.4 billion dollar Oman project for which Beijing Petrochemical and Genoil are spending about five million dollars on the design stage. That design should be completed at the end of December and then a formal offer will be made backed fully by a consortium of banks.
This covers the 2016 press release on the Saudi project mentioned above.