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Bullboard - Stock Discussion Forum Gen III Oil Corporation V.PGK

"GEN III Oil Corp operates as an oil processing company in Canada. The concern owns the ReGen re-refining technology. It provides the ReGen technology which re-refines used motor oil (UMO) to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more than current re-refinery produced Group II products... see more

TSXV:PGK - Post Discussion

Gen III Oil Corporation > Is this thing for real?
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Post by AuntiePenny on Jan 15, 2015 7:54pm

Is this thing for real?

They spent $millions drilling one of the richest veins ever discovered *at surface* and the stock is 1 cent. Why did they spend so much unless they were continually coming up with even more rich cores? Will any of the gold belong to the shareholders of this company a year from now or will we be in receivership and transferring the assets to some Australian shell?
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