Post by
UpPeriscope on Jan 23, 2022 3:15pm
Looking like Sunday confessional on the thread. I am sorry
for these and all my sins. My faith, confidence and trust in Davey began to take it's final unravelling after IMO2020 compliance regulations came into effect. Recall 2016, Davey was bragging the year to be "the best year in Genoil's history", then it was 2017, then...
2016-Davey was teeing Genoil up to be a player in supplying compliant fuel-or so he claimed. Any investor would think that prescient and a smart pre-emptive move for a fledging company. As well, Curacao was a bold move that Davey confidently proposed. How cool, how heady- sharing the same tax domicle as Sclumberger. How was that to be funded? To date, my suspicions of yet another FTD were well founded.
The Apirl 2019 release claimed "to expect" to announce a major supply deal with a shipping client in six to twelve months. In retrospect-how and from where did Davey expect to supply said fuel from a Genoil facility? Never explained-ever. 30-odd months hence, there is still nothing to talk of. It's been cricket city. Davey appears exempt of confessionals being a holy man-self proclaimed.
The consistency of these never-to-materialize claims have crystallized into a pattern that is even more vivid today. The numbers simply get amplified, inversely proportional to Davey's credibiltiy.