Genoray (fka GATL)

[DRCAL]

Genoray has experienced a reverse split and possibly was bought out by FLNR which is selling at $2.50 per share.

[DRCAL]

The VP informed me via e-mail that Genoray had lost one source of funding but got another. The net result is apparently no change.
What matters is the progress on negotiations for plants. I don't know the progress on these negotiations. However, there is apparently some good news coming as Asian investors appear to be buying stock. There is at least a lot of chatter about the technology in Asia. My guess is that it is the Chinese, but I don't kow that to be a fact. However, they just might be aware of things that we can't find out due to their extensive business intelligence network (spying).

[wampuscat]

I didn't follow this post?? Got an email saying good things are happening. Does look like the stock is being accumulated. Wonder what the news stream will be like over the next 4-6 weeks. Any guesses...

[DRCAL]

There are apparently a number of messages in Chinese, Korean, and Japanese script. Since I can't read any of them, I don't know their importance. However, the stock appears to be headed up. It hit a high of a whole penny today.

[DRCAL]

GATL apparently has a line of credit for up to $550 million for companies to buy its gasifier units.

[wampuscat]

Is there any new information regarding the potential award of the grant?

[DRCAL]

Genoray Provides Funding for Gasifier Users

March 10, 2005

Vancouver, BC, -- Genoray Advanced Technologies Ltd. (OTC: GATL) says that the company now has the ability to provide complete end-to-end funding for its Gasification System to the end user. Through the Business Development Bank of Canada (BDC), Canadian Commercial Corporation (CCC), Export Development Canada (EDC) and it is working with the Sustainable Development Technology Canada to fund and export its clean technology.



Sustainable Development Technology Canada (SDTC) is a not-for-profit foundation that finances and supports the development and demonstration of clean technologies which provide solutions to issues of climate change, clean air, water quality and soil, and which deliver economic, environmental and health benefits to Canadians. To do so, the Foundation draws from an investment fund of $550 million.



Genoray can offer fifteen year complete funding to buyers of our Gasification systems in non-Kyoto Accord countries. Company CFO, Jeffrey R Bruhjell said, “This includes the United States which is a very large market for us”.



Genoray can convert solid waste and/or coal into usable gas at a cost of less than $2.50 per million BTU. The heat produced can be used to generate steam and or electricity. Genoray is experiencing a high volume of new interest in our equipment and technology due to the continuing high price of crude oil and natural gas.


Genoray Engages Stock Charter Group

March 9, 2005

Vancouver, BC, -- Genoray Advanced Technologies Ltd. (OTC: GATL) says that the company has engaged a consulting firm, Stock Charter Group for advising Genoray on growth and financing strategies. The expertise of SCG spans the areas of strategic planning, marketing, mergers and acquisitions, public offerings, and corporate financing.



About Stock Charter Group



Stock Charter Group is an eight-year seasoned venture capital company, participating in both capital raising and market maintenance activities in the micro-cap markets. SCG also provides assistance in stock accumulation strategies and corporate consulting as well as expert technical analysis.

[DRCAL]

GATL apparently has arranged a large line of credit for companies to purchase the units. I don't know if there is any revenue sharing involved. The the gasifier units are the lowest cost producter of gas. In turn, if the gas is burned to make electricity, it becomes the lowest cost per KWH of all technologies.
This is a big deal in an energy short world.

[wampuscat]

So GATL will finance their customers purchase of the gasifier units, and then split revenues from the sale of produced gas?

Trying to understand revenue streams...

[DRCAL]

Looks like a PR company with some investment experience.

[wampuscat]

Are you familiar with the Stock Charter Group...from today's PR.

Press Release Source: Genoray Advanced Technologies Ltd.


Genoray Engages Stock Charter Group
Wednesday March 9, 8:45 am ET


VANCOUVER, British Columbia, March 9/ /PRNewswire-FirstCall/ -- Genoray Advanced Technologies Ltd. (OTC: GATL.PK - News) says that the company has engaged a consulting firm, Stock Charter Group for advising Genoray on growth and financing strategies. The expertise of SCG spans the areas of strategic planning, marketing, mergers and acquisitions, public offerings, and corporate financing.
About Stock Charter Group

Stock Charter Group is an eight-year seasoned venture capital company, participating in both capital raising and market maintenance activities in the micro-cap markets. SCG also provides assistance in stock accumulation strategies and corporate consulting as well as expert technical analysis.


More information is available at www.genoray.net or [e-mail]. Company Info: [phone]
Investor Relations: [phone]

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The company takes no obligation to update or correct forward-looking statements.




--------------------------------------------------------------------------------
Source: Genoray Advanced Technologies Ltd.

[DRCAL]

Genoray has obtained financing for its technology up to $475 million for customers to buy its units with payments over 15 years.

[DRCAL]

Basically, Genoray owns 20% of SGHC which owns the technology. Genoray is attempting to buy another 30% to own the technology and the company (SGHC). Genoray has world-wide marketing and distribution rights. Genoray owes SGHC another $700,000 to complete the deal.
From my limited experience in control electronics, I would expect the update to cost between $250,000-2,500,000 USD. This is purely a guesstimate. This might be the reason for requesting the grant from the World Bank. As to the delay by the Canadian Government, I have no information.

[wampuscat]

Couple of questions...

1. Do you have any insight in regards to the organizational structure of GATL? ie. # of employees, personnel involved with the development of the combustion unit

2. Can you gauge continue client interest in these combustion units?

JB told me that the prototype unit needs to be updated with new electronics, not sure when that work will be completed. He also indicated that there are US and Canadian companies are showing interest in this technology, but I wonder when some contracts may appear.

[DRCAL]

73,513,000 shares authorized as of December 2004. I don't know the rest of the information, but we can assume that the founders own a majority of these shares.
Another company, which was a fraud, used Genoray's name. The bad guys have been sent to prison. However, they hurt Genoray and its stock price according to the person handling Genoray's public relations.
Genoray expects to receive additional funding from the World Bank through Canada.
That's all that I know other than I've been following the technology for years. It seems right. However, competitors whose cost is double that of Genoray's have a jump on the market. The cheapest technology usually wins out but not always.

[wampuscat]

I have been invested in this company for a long time now. I think the technology they are trying to bring to market is viable.

Do you know what their current situation is relative to funding?

Do you know what the authorized, outstanding shares, and float is?

Thanks,

wampuscat

[DRCAL]

I was informed by GENORAY management that the negative PR was for a Canadian company with the same name. This doesn't surprise me considering the low life competition.

[DRCAL]

Genoray has responded to several RFQs for their products. They also expect a multi-million dollar grant through Canada from the World Bank.
I am not kidding when I say that this company has one of the two major keys to solving the energy crisis.

[DRCAL]

I can hardly believe it that I started a board. I did it because I like the technology of this company. I remember when I had the opportunity to invest in Midwest Waste and instead invested in a high tech computer company. Stupid me.
There is money in the waste disposal business, especially if the waste is burned to produce energy. Not only can this company do that, but it can produce hydrogen at half of the cost of competitors, reduce CO2 emissions, AND liquify coal gas for transmission at 50% of the cost of the competition. What all of this means is that Genoray has the potential of being the lowest cost equipment provider for production of electricity and gas.
Incidentally, I own a company that might be a future competitor. However, there is plenty of room for alternative power sources, and I'll have to refrain from my posting anything critical of this company.