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Scroll to the bottom of the page to see that the refinery plans to use a Genoil GHU.
http://vungropetroleum.com/index.php/home/vung-ro-refinery-project/
video from fox business news
https://vimeo.com/209780160 password GenO27
https://finance.yahoo.com/news/street-features-genoil-corp-gnolf-154400035.html
Airing for the first time on "NEW TO THE STREET," David Lifschultz, CEO of Genoil, Inc. (GNOLF), who will be discussing his company's lucrative patents, business dealings in Russia, China and other oil-rich places around the globe and how their successful business model, industry relations, and experience will benefit investors and the future of the oil industry.
Anchor Jane King says, "Genoil has a unique energy business model that could prove to be very valuable to early investors."
FMW Media Works Corp.'s "NEW TO THE STREET" TV Show Interviews New Client Genoil's (GNOLF) CEO, David Lifschultz -- Airing on FOX Business Network TV, April 30, 2017 @ 1:00 PM ET
NEW YORK, NY--(Marketwired - April 06, 2017) - FMW Media Works Corp. announces the completed studio filming of the next episode of "NEW TO THE STREET." The episode has a fantastic and exciting interview with Genoil, Inc.'s (OTCQB: GNOLF) CEO David Lifschultz. The scheduled airing is on April 30, 2017, at 1:00 PM EST on FOX Business Channel (FBN) -- potentially reaching 95 million homes. Check your local cable provider's channel lineup to find Fox Business Network in your area.
Genoil's David Lifschultz CEO talks about Genoil's business in China, Russia and around the globe and "how" Genoil is looking to supply the oil industry sector. GNOLF has a full range of products and services, from exploration through production, solutions for hydrocarbon development and recovery, upgrading and environmental protections services.
"New To The Street's" anchor Ken Evseroff says, "I was impressed with Genoil's commitment towards making oil more environmentally friendly for their clients and subsequently the public. I was equally impressed with their 50 billion dollars 'Letters of Intent' for energy projects in Russia and Chechnya, as well as a 'Letter of Intent' worth at least 5 billion dollars with a leading Chinese bank for a Middle Eastern client. The future seems bright for Genoil."
https://www.bloomberg.com/news/articles/2017-04-04/global-shipping-fleet-braces-for-chaos-of-60-billion-fuel-shock?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social
http://www.seatrade-maritime.com/news/europe/bomin-and-genoil-ink-pact-to-develop-low-sulphur-fuel-oil.html
and once again, ov=bviously, uspr plans on additional appeal(s) - or they would not have said if this occurs
what's your point - i can read -
the other post said uspr had no assets --- WHICH IS WRONG --- they hold several other concessions unrelated to this case.
and once again,
absolutely wrong... this is only one of several concessions they hold --- so they still have assets
second, there is still appeals available to higher national appellate court - which if you understood the case, you would realize, the plaintiffs should have lost since they hadn't paid the leasing payments to the mexican government for many years, prior to uspr leasing the property --- AND THE MEXICAN GOVT LEASED THE PROPERTY TO USPR - USPR MADE THESE PAYMENT FOR SEVERAL YEARS - but local courts can easily be "swayed"
third, since they were not awarded the million, the plaintiffs will be more likely to settle at a much lower number, in lieu of fighting additional appeals
i'd be pretty happy if next stop is a nickel
awesome call ... up 139% for the day
read the 8k again ...
hertell did NOT resign ... he is one of three directors left
a lot of open seats on the board of directors
Many of us have no problem getting in touch with "spokespeople"....
He's been with school bus venture for almost two years...
What's your point
or they get financing and pay off the conversions and then file and become fully reporting again ... they did mention that they expected to get financing early in 2016 and start drilling again
thank you for confirming that converts have not been selling since jan 15th !!!
how does anyone know it was converts selling?
all the FACTS point to it NOT being convert sellers.
first, when converts were selling, there were usually after hour trades to "settle" the sales. mm's selling for the converts, would sell thruout the day, then at the end of the day, converts would sell to the market makers to settle their sales - so they were not "short"
second, there was no question cdel and vfin were involved in the convert sales. NOW they are not involved in the ask ... actually vfin is definitely NOT involved in the ask. only mm with any large volume has been etrf (mainly) - csti briefly
third the converts were very agressively selling into the bid ... because they did not care if the pps dropped
fourth, the argument that the blocks are too big for profit takers, and has to be converts is totally flawed. because someone is buying these large blocks. so unless converts are buying and selling, then someone is buying large blocks, and could easily be selling too - PROFIT TAKING ...
FINALLY, AND MOST IMPORTANTLY, WE KNOW WHY THE CONVERTS STOPPED SELLING. BECAUSE USPR WAS DELIQUENT IN FILINGS, AND THE TRANSFER AGENT WOULD NOT ISSUE ANY MORE SHARES UNTIL USPR WAS NO LONGER DELINQUENT. (IF YOU DON'T BELIEVE ME, CONTACT THE TRANSFER AGENT. HE'LL CONFIRM IT !!!)
SINCE USPR IS STILL DELINQUENT, THE CONVERTS HAVE NO SHARES TO SELL. IF THEY HAD SHARES TO SELL, WHY WOULD THEY HAVE WAITED WEEKS TO START SELLING AGAIN?
once again, another big block on the ask ... this time nite ... 1.617 million shares @ .029 (was slightly larger before 3 trades @ .029) ... wonder if buyers can eat thru this one ....
once again, imo, someone else probably taking profits from buying under .01 from the converts selling down to under .004
gold is up close to 20% off of the lows in dec.
which means the value of gold deposits on uspr's property is also up 20%
and up about 15% vs. values when the 2015 technical report was released
"not even .02" .... now it is .032 ...
only just over a month ago, several posters were predicting trip zeroes ...
like i said, once the ceiling etrf created with it's 1.33 million share ask last week was cleared, could take off ...
i also said that the price was artificially depressed by convert selling ... since it stopped, we now have an 8 bagger or more ...
i guess sometimes averaging down does work ...
doubt anyone would believe it, but i'm almost at break even ...
DOUBLE, TRIPLE, QUADRUPLE BS !!!!!
a) gitreal stated (and this is a direct quote):
"It's only a "5-bagger" if you can sell at that higher price. Try selling a couple hundred thousand shares, and see what happens."
bs ... it's a five bagger whether or not you sell .... and as of yesterday, anyone wanting to sell "a couple of hundred thousand shares", would have had no problem selling over the last couple of days
b) we already know why the converts stopped selling - no new shares are being issued - so yesterday's sells were very very very likely not converts
c) if you follow the trading, you would see that as the sales were occurring at the ask price, an equal amount of shares were dropping off the ask volume size of etrf ... there is no doubt etrf was the seller during those trades ... and as i pointed out, last week, etrf had an ask size of 1.3 million ... and at the close yesterday, it had dropped to 45,000 ... and you could watch it drop, as trades were being made at the ask price over the last several days .... and again, imo, this was probably profit taking ... and it looks like this seller is all but done ... and that could mean the ceiling this large block created, may also be gone .... we'll see
it's like a pavlovian response ...
btw, highly unlikely sellers today were converts (despite heavier volume) .... best guess - profit taking from purchases a few weeks back
main seller was etrf who had a large block (over 1 million) on the ask last week ... and that number has been dropping since then ... today, started with 495,000 ... down to under 100,000
so i guess, IF one wanted to sell ... and cash in on the "5 bagger", they would have no trouble today - "selling a couple hundred thousand" ... btw, i did not sell a share today ...
btw, a lot of shares also traded at .004 ... several million ... i bought some there ....
interesting L2
one ask 21k @ .0177
next ask is .024
"allows for the creation and issuance"
does not say how many shares were / are to be issued ...
in essence, they increased the a/s ... but we have no idea if the o/s was increased
furthermore, if and when these shares get issued, we have no idea how long before the shares can be traded (sold) ....
so basically, we don't know how many shares were issued (could be zero), and when they can hit the market (could be 6 months ... a year)
this should be interesting ...
mm etrf has ask volume 1,133,000 @ .0165
(they've had a large block on the ask for several days on L2 ... moving the ask price higher as the stock's pps moved up ... this is first time i've seen this block on top of the ask)
gold prices are up very sharply in the past month and a half ....
up almost $200 since dec 31st
gold prices are up almost 20% since calculating resource values from the technical report in nov. --- which means resource values extrapolated from the technical report just got a lot closer to $2 billion ... from less than 1% of the property (if i recall, from 113 acres)
how can soaring gold prices be a bad thing for uspr ??? .... but i'm sure someone will tell us why it's bad for uspr ....
soaring gold prices certainly won't hurt when negotiating buyout deals, joint ventures, and/or new financing
http://www.jmbullion.com/charts/gold-price/
they were involved with the completed drilling campaign from last year ...
why would they have an further association with the company at this point?
burney is no longer a director at the company. he is not an officer.
last time i checked, geologist was not an officer position.
i guess you'll have to wait and see if burney is still the geologist for the company, when they do their next drilling campaign this year.
always two sides to the story
all three directors are staying with the company...
luciano as lawyer
baer as consultant
birney as their geologist
so why do they eliminate 3 directors?
i can think of only 2 reasons
cost savings ---
or more likely, to make room for new directors ...
we know company is trying to attain new financing so they can do additional drilling, etc. if you were doing a financing deal with uspr, wouldn't you want to put your people on the board ...
we'll see ...
when the stock hit .017 earlier this week, that was up close to 400% off lows --- as a result of the converts temporarily not selling ...
what happens when the converts are done selling is different !!!
don't want to debate when "done selling" will be ... because no one knows ...
but if you follow the hints, imo, "done selling" may be close ...
like i've been saying, let's see why the 10q is delayed ... and see what's in the 10q to determine how much convertible debt is out there ... and see if we get anymore info on when the converts will be done
"it could happen"
more bs
past history tells us uspr has not been sanctioned in the past for late filing
so instead of more bs, why don't we wait and find out why they're late ...
in the meantime, the converters are temporarily done selling
AND NO ONE KNOWS WHAT IS IN THE CONTRACT WITH CONVERTERS ... SO HOW COULD THEY SAY THAT IT WILL BE WORSE FOR USPR
and i've done millions of conversions ... so i'm an expert on the subject - BLAH BLAH BLAH
i have been involved in millions of conversions, and millions of private placements ..... BLAH BLAH BLAH
so now i must be an expert on the subject ... because i told you i was
or maybe i'll just take the expertise of the transfer agent over that of my mb expertise ... and believe him when he says no new shares can be issued while uspr is delinquent in reporting its 10q - ipso facto, no shares can be issued to the converters
actually "the breather concept" was started by gitreal ...
"The converters are giving it some air."
i was being sarcastic ... since i already explained why the converters are done for now
and btw, vfin never left the ask @ 2.00 ... and cdel never made it to the top of the ask all day ...
and the volume is low ...
but maybe it's because the converts are taking a breather ...
i have no idea if this is accurate or not:
"... and they have missed their 5 day extension deadline 6 times in the past 2 years."
but i do agree.... WHO CARES!!!
obviously nothing has happened previously ... so why expect something to happen this time ...
like i said, no one here knows why the 10q is delinquent ... so i guess we'll just have to wait and see why ...
since none of us know why the 10q is delayed, it is pure speculation what will happen re: sec, etc.
since none of us know the terms of the conversions, it is pure speculation - NOT FACT - what happens under the present situation ...
btw, if you don't believe me, contact the transfer agent ...
while we're discussing facts vs. bs
sec does not delist a company, the exchange does
usually, a company has 30 days delinquency before delisting is even discussed