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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 > Facts
View:
Post by hohuminvestor on Apr 08, 2022 12:24pm

Facts

Thats 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.
Comment by UpPeriscope on Apr 10, 2022 2:24pm
"The SEC in a scathing report recommended delisting." Genoil has performed as if delisted for at least the last four years, since its "best year(s) in Genoil's history". Delisted firms do not have to publish its annual reports. ...  Nor call AGMs. Private companies are not subject to a minimum listing limit anymore. Caveat Emptor order of the day here. ...more  
Comment by hohuminvestor on Apr 11, 2022 8:25am
The inability to get straight answers says it all.  The antagonistic attitutde towards the TSX and SEC, as well as the inappropriate aggression from certain posters inplies there may be a disorder. The available facts shows theres nothing legitimate here.  At best complete ineptness at worst just a scam.  Simply put losers. Move on.
Comment by libra11 on Apr 11, 2022 10:12am
So why don't you?
Comment by hohuminvestor on Apr 11, 2022 12:11pm
Any that got bamboozeld here it is a shame.  But I'd suggest aiming your ire in the right direction.  The truth hurts.   Management is more than welcome to shed some clarity on things.  They have pushed more than enough billion dollar projects, and claimed finished EPC's as well as revenue.  So where are they? This is exaclty as my team said it would be 6 ...more