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Genoil Inc GNOLF

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

Post by hohuminvestoron Apr 08, 2022 12:24pm
186 Views
Post# 34588228

Facts

FactsThats all you can go on.  Here are a few;
  • Over the last several years have been close to $4 million in private placement sales
  • The SEC in a scathing report recommended delisting
  • The SEC also all but accused management of absconding with it and at a minimuimmismanagement (management complained to the SEC and their response was in the year in question they had over $1 million in private placement sales in the year in question and had more than enough money to pay for a proper audit of financials, and they didn't).
  • The SEC accused management of being decietful, pulling an end a round in their words.
  • The SEC accused management of extremely difficult behavior
  • The SEC states the financials are not close to being in acceptable format
  • These are the same complaints lodged against management by the TSX and as reasons ifor being delisted in Canada.  A pattern.
  • Management has produced several press releasses over the years of projects in the billions.  Claiming an EPC is finished and revenue on the books.
  • Managemnt has provided zero evidence any of them exist, any EPC exists, any revenue exists.
  • Management has not made a public announcement in years, other than press releases.
This is not a confirmation or accusation of anything.  These are the facts available.  You can take what is available as facts and make your own conclusion.  


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