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Bullboard - Stock Discussion Forum 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... see more

OTCPK:GNOLF - Post Discussion

Genoil Inc > Here is Genoil's 5 Billion LOI for your viewing pleasure
View:
Post by stealth2622 on Nov 06, 2020 1:20pm

Here is Genoil's 5 Billion LOI for your viewing pleasure

CHINA DEVELOPMENT BANK CORPORATION
Private and Confidential
Date: April 72016
To: Saudi Arabian Oil Company
Cc: Beijing Petrochemical Engineering Co. Ltd.
Genoillnc.
Ref: Heavy Oil Desulfurization Project
Letter of Intent
Dear Sir/Madam
We are pleased to address you in this opportunity with reference to the application from the
consortium (he Consortium") formed by Beijing Petrochemical Engineering Co. Ltd.
(BPEC) and Genoil Inc. ("Genoil"). We learn that the Consortium plans to bid for the USD5
(Five) Billion Heavy Oil Desul rization Project ("the Project") which would increase the
value of crude oil and contribute to environmental protection through e1iminating toxic
lmpunt1es.
Accordingly as we learn more about the Project we will consider providing financing for the
Project subject to a number of conditions including without limitation to the following: (1)
completion of our legal technical and financial Due Diligence; (2) terms and conditions of
financing including security arrangements to our satisfaction; (3) approval ofthe financing by
relevant Saudi Arabian and where applicable the Chinese regulatory authorities; (4) approval
ofthe financing by our credit committee; (5) conclusion of satisfactory loan documentation.
This Letter will remain valid for 12 months since the date of issue. It is not intended to be and
should not be construed as an offer to provide financing or a document with legally binding
effect. It may not be relied upon or enforced by you and any person in any court or tribunal.
This Letter shall be govemed byand construed in accordance with the laws of the People's
Republic of China.
Yours faithfully
ja
XuMing
General Manager ofBeijing Branch
Address: NO.158Fuxingmennei Street Xicheng Dislricl BeingP R. China 100031
Comment by Gappersoon on Nov 06, 2020 2:14pm
This post has been removed in accordance with Community Policy
Comment by stealth2622 on Nov 06, 2020 2:57pm
Of course there is. On the table since 1996 without a contact and zero revenue in that entire time. Just tens of millions in private placements for david liarschultz to spend developing his 100 mph tennis serve and for his 22 year old hotties in Monacco along with a bunch of other personal uses. Keep up the good work gapscumbag. Your con has no one believing anymore. All the facts prove you and ...more  
Comment by Gappersoon on Nov 06, 2020 10:34pm
This post has been removed in accordance with Community Policy
Comment by stealth2622 on Nov 07, 2020 10:59am
Slander gapperbrucescumbag ? For a goof who says he is only an investor you know what is in all the filings ? We all know you have the indside track. Where did the tens of millions go ? Is saying that davey liarschultz is a con artist, thief, liar, freak from hell, slanderous ? Charge me then !!  I would love to have my day in court with you criminals !! Bring it on !!  The facts and the ...more  
Comment by UpPeriscope on Nov 07, 2020 1:29pm
stealth-QAnon boy is too consumed protesting the legitimate results of our election to be present on the thread.  Savor the peace, however brief. Donny now joins Davey in the losers lair. 
Comment by Gappersoon on Nov 07, 2020 7:37pm
This post has been removed in accordance with Community Policy