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No. I was low balling my numbers. I was saying 4 pts per hour. that would be 1 pt per hour per dr... if there are 4 drs. So you see my number would be based on a VERY low census, slow day. It would most likely be a much higher number of pts. Just my guess from working in the medical field.
Heres another way to guess how the 3rd quarter will look. Ill use other peoples times. Its been my experience that if you are seen in the clinic you need to pay something.
SO someone said one clinic is open 28 hrs a week. My experience average in a Mds office is 4 pts. an hour per dr. They push them through. So lets just say 4 pts. per hour per day. That would be 1 pt per dr per hour. seems reasonable.
So since everyone pays something lets say average $250per pt. taking into consideration they most likely see more then 1 per hour.(gets card/no card)
28hrs/week x 4pts per hour=112 pts
112 pt x $250= $28000/week
$28000 x 4 weeks = $112000/ month
$112000 x 3 months = $336000 per quarter/per clinic.
Seems like a more likely scenario.
Looks like genoil will be on New To The Street again on October 26/2017.
http://genoil.ca/genoil-anton-oil-field-services-ink-deal/
Seems like a good thing?
Anytime you see your family Dr you are getting their recommendation. They recommend you eat better, lose weight, take your blood pressure med. They recommended the blood pressure med by writing a prescription. Does that make sense? You would go to this place to have them recommend you stop taking opioids, that your addicted to, and then they write a script for alternative medication. I know kinda over simplified but essentially how its done.
does anyone know the addresses of the Toledo and Dayton clinics?
I think the move to Curacao will mean less taxes for the company. Also, from what i understand, will be less red tape to make deals with other countries. I could be wrong though.
lawsuit dropped! Interesting read.
http://canlii.ca/t/h5jc8
New To the Street episode was much better this time. Stated possible 3 months till signing of a contract. It was filmed in may, so maybe this month or next??!! He said same at the AGM. I don't mind if he meant 3 months from now.....November.
Looks like the judge threw out the case against Genoil to replace management!!! This keeps getting better by the day!
New To The Street will be airing Aug. 20th 2pm. set the DVR.
PRESS RELEASE
Genoil Expands Engineering Team With Appointment of Catalyst Expert
Calgary, Alberta – August 15 2017 – Genoil Inc. (GNOLF), the publicly traded clean technology engineering company for the petroleum industry, today announced the appointment of Dr Victor Solovyev, a catalyst expert, as Project Manager for its engineering team. The expansion comes as interest in Genoil’s desulphurisation technology is increasing rapidly with the global demand for cleaner energy.
Dr Solovyev’s appointment to Genoil’s engineering team comes at a time of real growth and opportunity for the company. This is in line with global demand for cleaner energy and low sulphur products, with a particular focus on the marine market, when the global sulphur cap is implemented in 2020 requiring all commercial vessels to burn fuels with a sulphur content of less than 0.5%.
In May 2017, the company announced compelling economics for its proprietary technology, the Genoil Hydroconversion Upgrader (GHU), for installations alongside refinery infrastructure in major bunkering hubs at a significantly reduced cost. The GHU, which converts heavy crude oils and refinery residual products into cleaner, lower-emission fuels, can produce one million tonnes per year of compliant low sulphur fuel oil, and provide a return-on-investment in as little as three months.
Bruce Abbott, COO of Genoil, commented: “As the 2020 global sulphur cap looms, the level of interest in Genoil’s Hydroconversion Unit has risen markedly. As an accomplished engineer, Dr Solovyev brings a great depth of knowledge and experience in catalyst design that is critical to the continued development and implementation of our GHU technology. His expertise further strengthens our engineering team and provides real strategic value for Genoil, as we deliver against our growth plans.”
Dr. Solovyev has extensive knowledge and experience in the field of petrochemicals and refining process operations. Prior to joining Genoil, he worked with organisations including Shell Global Solutions, where he was the Technical and Commercial Manager of CRI Catalyst in Moscow. Dr. Solovyev also worked for JSC “ASTERIA”, as the Technical and Commercial Director in Petrochemicals, and JSC “VNII NP” (All Russian Research Institute of Oil Refining), where he was the Head of Petrochemicals Laboratory. In his most recent role, Dr. Solovyev served as Project Manager for petrochemical & refining processes with LLC Energy and Engineering.
With a PhD in chemistry from the National Academy of Sciences, Dr. Solovyev has authored over thirty technical and scientific papers in key industry journals including “Petrochemistry” and “Kinetics and Catalysts”.
ENDS
About Genoil Inc.:
Genoil is a publicly traded Canadian clean technology engineering company for the petroleum industries. Genoil is headquartered in Edmonton Alberta, with offices in Calgary, Sherwood Park, New York City, Constanta Romania, and Dubai & Abu Dhabi. Genoil’s has developed its proprietary technology, the Hydroconversion Upgrader (GHU), which converts heavy crude oils and refinery bottoms into clean burning fuels for transportation industries including shipping. The GHU can be placed in remote locations, including receiving terminals, pipelines and ports. The company operates one of the largest and most advanced pilot & design test facilities in the world, from its 147-acre site in Alberta, Canada.
About The Genoil Hydroconversion Upgrader:
The Genoil Hydroconversion Upgrader (GHU®), is an advanced upgrading and desulfurization technology, which converts heavy or sour crude oil into much more valuable light low sulphur oil for a very low cost. The Genoil GHU was designed to be versatile, can be placed at many different locations, either upstream at oil fields, or downstream at refineries, in a standalone form at ports and other logistical locations.
The GHU achieves 96% pitch conversion and 95% desulfurization with an operating cost of up to 75% less than the competition. For Conoco Canada Ltd, Genoil converted their bitumen of 6-8.5 API and converted it to 24.5 API. We also removed 92% of the sulphur reducing the amount from 5.14 % to below 0.24%. These results were taken by Conoco Canada Ltd, who had them analysed by Core Laboratories, one of the largest service providers of core and fluid analysis in the petroleum industry.
For further information, please contact:
Press release on SEDAR!!!! I think the wheels are starting to turn!!!
http://campaign.r20.constantcontact.com/render?ca=a1f57d06-46e0-4409-a99e-248100a690e4&preview=true&m=1101855435216&id=preview
Another nice article!! The 3 month time frame may have some merit!!
https://shipandbunker.com/news/world/740245
Looking Good!!!
So, looks like more dilution? Shares issued went for 1.5B to 1.66B. Share price will be going down a bit more?! Ouch!
I would avg. your sp down as far as possible. Try to get it as close to .005 (or lower) as you can. Then try to take a profit when the sp swings back up. SP will hit .005 long before it hits .01 again. Thats what I HAD to do. I was lucky enough to buy in back in Oct of 16 at .03. Avg down to .005 when sp was at .002 and sold at .01. Didnt get rich but made a good amount to use on other plays. Lucky I guess.? Thinking about getting back in around .001-.002.... If it gets there. ;) Oh and pray a RS doesn't happen. Daniel only said it wasn't needed at this time. Its still very much on the table.
Took this from another site. AGM min. Seems good.
AGM June 29 Calgary
David on speaker phone, Bruce A. in Rotterdam, Tom B. taken over, 9 in attandance.
Very positive meeting, but week on time frames...The best time was with the shipping lines. Bruce was there and David feels that something could be done in about 3 months.
Russia looks good as does LukOil. David mentioned Kuwuait, Qutar, and Saudi Arabia as these are in Genoils plan. He mentioned some trouble with China and Korea as there is some problems with politics and that will slow down any arrangements with Gnolf.
He mentioned Mexico, Indonesia, and some South American countries as possibles sales also.
Lifting of CTO and the listing in Curacoa will happen when those agencies are happy with the docs. Alberta was still asking for more details and when they are done it should be lifted. It looks like a partial listing in Ontario if you are a resident there. Othwise all papers were done and handed in! He can't mention too much here as they might not like his stirring of the pot.
The lawsuit was not mentioned in particular but Tyler H. did not show up and that was noticed by all. All directors passed and the accountants were accepted.
David suggests that if some of these project get signed but he thinks they will, then there will be good news to the investors!
Slobodan resigned due to health reasons but he has helped with the Bosnia/Russia deals
Generally a happy group but the investors were looking for an end to CTO and some signed contracts. So they left "hopeful" still!
AGM today! Hopefully something comes out from it. Found another good article.
http://splash247.com/genoil-2020-fuel-decisions/
Hay guys, hate to break up the argument but it looks like a new presentation is out from genoil. Looks good to me. I know, its still a long shot...
http://genoil.ca/wp-content/uploads/2017/06/June-New-Genoil-Investor-Presentation-1.pdf
So Adrock, what do you know? Just a catchy phrase? Is it just a feeling you have after watching the New to The Street ad? or do you have real information as to why you sold. You said you sold your position a few post back. Any real info to help me and fellow investors would be great!
you may be right. time will tell. Like I said. its a long shot.
Im long with this pick. The 29th is the AGM. If i read the Sedar filing correctly, management wants shares as compensation and shareholders are voting on it. Why would they want shares if they thought it was going to plummet in value. I think a few weeks after meeting, the CTO in canada will finally be lifted. They will have met all requirements for it to be and that will increase SP some to .15-.20 consevitively. Then in a few months the move to Curaco will happen/finalize. Then maybe few of the LOIs will become contracts with the MUCH lower tax rate.....I know... its a long shot.
Hope so. It is looking that way