Genoil Inc. (GNOLF)

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What happened to Mexico

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What happened to the move of corporate headquarters !

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Genoil The perfect example of why not to invest in penny stocks !

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Genoil can’t do anything about but put out press releases! https://www.forbes.com/sites/https://www.forbes.com/sites/rrapier/2018/08/26/why-diesel-prices-are-set-to-soar

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Shorts

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Soon somebody will be blaming this drop in price on the darn shoulders !

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Wow is it all done are they going sub penny! The death of a stock.

[theDonald69]

Anyone know why David hasn't found the money from his extensive connections to build a smaller working plant? The plant would prove out the technology and Genoil and their partner would be making money.
One successful plant would fund the next and the next. Seems to me that this should have been done long ago. Doing business with these dicey corrupt countries seems like a dangerous uphill battle. Any feedback is appreciated.

[DTCT]

I agree. Funny how that article makes it sound like Genoil will have desulfurized oil available for next year. Seeing as how they have to sign contracts, and then build the GHU’s, I don’t see that happening at this point...

[gnolfinvestor]

very interesting ...

assuming you believe the ghu units work, this is a way shipping industry can get rid of heavy oil with no cost up front ... and only minimally higher fuel costs ... vs. the likelihood of extreme price increases for light oil in the future

plus - and again this assumes the ghu unit works (as tested) - they can reduce costs in the future by obtaining heavy oil at low prices, and turning it to light oil --- at dramatic savings

ONCE AGAIN --- SOUNDS GREAT --- BUT IS MEANINGLESS UNTIL REVENUES COME IN

but kudos for trying something new

[DTCT]

Interesting Article:
https://splash247.com/genoil-how-to-burn-high-sulphur-fuel-oil-without-a-scrubber-next-year/

[gnolfinvestor]

here's a better link summarizing podcast:

https://finance.yahoo.com/news/uptick-newswire-hosts-genoil-inc-120000410.html

[DTCT]

New interview on uptick newswire:
https://upticknewswire.com/interview-ceo-david-lifschultz-of-genoil-inc-otc-gnolf/

[gnolfinvestor]

http://genoil.ca/wp-content/uploads/2019/03/2019-Genoil-Website-Investor-Presentation.pdf

new investor presentation dated 4/1/19
nothing new ... BUT EXCELLENT PRESENTATION

now if they could only get a deal signed producing revenue ...

but the presentation was very well done ... very professional

[DTCT]

Pretty big media coverage for the LR story, well at least in the bunker world anyways. 8 months till IMO2020 and everyone is still standing around with their hands in their pockets looking around stupidly. I sense a disaster on the hozizon...

[DTCT]

GLOBAL: LR provides independent verification for Genoil’s GHU process
A process demonstration witnessed by Lloyd’s Register showed that Genoil’s hydroconversion upgrader can convert high sulphur heavy fuel oil into IMO 2020-compliant marine fuel.
During the demonstration of the desulphurisation process the sulphur content of an HSFO was reduced from 1.72% to 0.38%.
It should be noted that the class society was not present throughout the complete demonstration cycle. However, as Muhammad Usman, Lloyd’s Register, Product Manager – Fuel oil bunker analysis and advisory service (FOBAS), commented: ‘Although LR did not have full visibility of the technical approach used by Genoil’s process or demonstration and was not present throughout, the sample analysed from the output sample of the demonstration was 0.38% m/m, in comparison to the feedstock used for the process which was stated to be an ISO-F-RMG380 fuel with sulphur content of 1.7% m/m.
David Lifschultz, CEO of Genoil, added: ‘Gaining independent verification from a renowned shipping classification society of the product characteristics of the supplied sample at entry to the GHU process and the end product at completion of the process is a significant step for Genoil in proving to the industry that there is a less expensive means of ensuing compliance with 2020 regulations that doesn’t require paying a large premium for distillate fuels, or investing millions of dollars of capital, which may never see full payback, in scrubber technology or LNG.
‘And because the GHU produces fuel with the same properties of heavy fuel oil minus the sulphur content, it also reduces the risk of engine damage, which so many in the industry are concerned with in relation to new hybrid distillate products.’
The recent demonstration was run with conventional high sulphur RMG 380 grade sourced from Rotterdam. A sample was taken by Lloyd’s Register of the input material and sealed in a FOBAS bottle.
This development follows comes after the latest demonstration run for the hydroconversion upgrader (GHU) conducted for Petroleos Mexicanos (PEMEX) at Genoil’s state-of-the-art multipurpose demonstration facility hosted by the UFA Scientific Research Institute of Petroleum Refining and Petrochemistry located in Bashkortostan, conducted in October and November 2018.
Genoil highlights that its GHU can be built alongside existing refinery infrastructure in major bunkering hubs rather than incurring the costs to develop and build all new infrastructure.

[Smokenjoe1]

I just looked at the trades today... hmmmmm.... interesting.....probably nothing but still interesting.

[gnolfinvestor]

very interesting trading volume near the close ... buy volume at or near ask ... somebody wanted shares and was willing to pay for it ...

don't worry i'm not going nuts ...

400,000 shares at .035 = only $14,000

but it certainly is better than selling at .02

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With in that time it will ether implode or explode! Could go either way.

[MoreMoney100]

starting my DD on this one. lots of potential but has been idle for a while. What can we expect in the next 3-6 months?

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Or should I say SCAM

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If it’s not genoil units. This company is DEAD!

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Not convinced about that. Should have been monster news!

[Smokenjoe1]

Looks like we find out next week if Genoil is getting a contract with Pemex. As I said earlier hopeful but....

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/031419-ceraweek-mexico-to-develop-new-catalytic-units-ahead-of-imo-2020-secretary-nahle

[Smokenjoe1]

I agree. Hopeful but not really expecting anything. The lack of trade volume says it all.

[gnolfinvestor]

rumors i'm hearing, is that genoil is currently meeting with pemex (which means genoil could be involved in the catalytic units) ... but my biggest problem with these rumors (and they are right from the horse's mouth - second hand) is that many of the past rumors are/were delusional ... very hard for me at this point to differentiate if leadership knows the difference between truth and delusions based on past history

bottom line ... does genoil's two leaders (esp. dkl) know the difference between truth and reality vs hope and delusions - if they do, then these rumors are awesome .... BUT !!!!

and if this is truth and reality, then wouldn't you think there would be boatloads of shares being bought ???

if this is truth and reality, and shares aren't being bought - could be a lot of longs have the same dilemma as i do --- can we really believe this is truth and reality - and not delusions ... and am i willing to buy more until i'm sure this is truth and not delusions

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Hmmm

[Smokenjoe1]

Interesting info at the end. Hopefully it involves genoil.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1QU28Z

[gnolfinvestor]

was hoping it was bruce doing interview ...
thanks anyways

[DTCT]

The Wall Street Transcript

[gnolfinvestor]

what is twst?
googled it ... nothing ???

[DTCT]

Genoil interviewed today on twst. Any subscribers out there who can share the interview?

[DTCT]

It’s just a technical problem - although it wouldn’t be a bad thing if the stock house board was shut down for good. There is nothing of value on that board and hasn’t been for a long time

[Smokenjoe1]

Not working for me..

[gnolfinvestor]

other mb for genoil not working?
actually, not sorry to have a little quiet there

[scp222]

Private placements are used to keep the company running. There are many regulars that are contacted to take part in the placements.

[gnolfinvestor]

read post #822
was quoting that post
ask scp those questions

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Same old thing 100 shares to prop up the price!! NOTHING has changed

[Smokenjoe1]

How do you know big buyers are privately buying up warrants. Are you just guessing or do you have information you can share?

[gnolfinvestor]

btw, isn't it nice to have a civil discourse re genoil ... whether positive or negative ... but CIVIL!!!

[gnolfinvestor]

btw, wish there weren't private placements and these "big buyers" would have bought thru the market ... interesting what millions in buy volume would have done to the pps

[gnolfinvestor]

"big buyers ... get a share and a warrant"

not sure of the terms
assume millions of shares and warrants
assume warrants are worthless unless they become in the money (which usually is (much) higher than the current price)

i would be afraid if the big buyers were buying the shares and warrants, and selling the shares - meaning they got the warrants for free ... but there has been very little volume - certainly not millions of shares ... plus assume the shares have to be held for a given period of time (the usual way private placements work)

i'll repeat - i don't know the terms of the private placements

but it sounds to me "big buyers" would know more than me ... and are still buying these private placements - and not selling the shares

[scp222]

Of course there are issues. This is a 3 cent stock. As for trading in Canada.... what does it say about a government that steals your stock. An exchange may have the right to protect you from yourself by not allowing the purchse of a stock. But IMO, no government has the right to stop you from selling your property. Canada is a nanny state. The sooner Genoil gets out of that place, the better.

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There still issues ! Canadians locked out! NO contracts our hopes Lie with Mexico one of the most corrupt governments in the world!! What is going on in development of Oil fields in Russia ! And didn’t we have things going on in South Korea? Hmmm

[scp222]

Nobody knows anything. There is no expectation built into the price of the stock. The company has several projects in the works and the stock is priced for none of them to suceed. We shall see.

In December of 2013 the stock traded under a penny. The company had no money, no engineers, and no prospects. It's trading close to the same levels as then, yet the company has the former general director of Lukoil leading their engineering, the backing of the Chinese Development Bank, the former CEO of Pemex working for them, and much more.

Bottom line... the company needs to sign an agreement that will provide some revenue. Many big buyers put their money into private placements so they can get a share and a warrant. People have millions of shares that were not bought on the open market.

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Not bashing just saying.

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This one does that. It’s an awesome cash cow if you have the patients.

[gnolfinvestor]

Stock is in an uptrend the last few days...
Maybe someone knows something positive...

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Or someone knows something and is getting out!

[scp222]

This stock is highly manipulated. This was the same as the 700,000 sell a few weeks ago. I think Citadel is at the bottom of it. It was an arranged sell/buy. There were bids at .03, .0281, .028 that were all ignored.