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Sunday, 10/16/2022 5:03:55 PM

Sunday, October 16, 2022 5:03:55 PM

Post# of 1072
David Lifschultz <> Sun, Oct 16, 2022 at 2:22 AM
To: "" <>
Ladies and Gentlemen:

Prince Muqrin is the new agent of Genoil as we shift to the Middle East which based on the high price of oil can fund our projects that will increase the light oil
price 35% based on the application of our revised technology previously developed for heavy oil. We also have the financial banking of China who is a large buyer of Middle Eastern oil.

With best wishes.


Muqrin bin Abdulaziz
Photo of a bright eyed Prince Muqrin bin Abdulaziz
Crown Prince of Saudi Arabia
First Deputy Prime Minister
Tenure 23 January 2015 – 29 April 2015
King and Prime Minister
Predecessor Salman bin Abdulaziz
Successor Muhammad bin Nayef
Deputy Crown Prince of Saudi Arabia
Second Deputy Prime Minister
Tenure 27 March 2014 – 23 January 2015
King and Prime Minister
Predecessor Salman bin Abdulaziz (as second deputy prime minister)
Successor Muhammad bin Nayef
Director General of Al Mukhabarat Al A'amah
Tenure October 2005 – 19 July 2012
Predecessor Nawwaf bin Abdulaziz
Successor Bandar bin Sultan
Governor of Madinah Province
Tenure 1999–2005
Appointed by
King Fahd
Predecessor Abdul Majeed bin Abdulaziz
Successor Abdulaziz bin Majid
Governor of Hail Province
Tenure 1980–1999
Appointed by
King Khalid
Predecessor Nasser Al Sheikh
Successor Saud bin Abdul Muhsin
Born 15 September 1945 (age 77)
Riyadh, Saudi Arabia
Spouse Abta bint Hamoud Al Rashid
Detail 14
Muqrin bin Abdulaziz bin Abdul Rahman bin Faisal Al Saud
House Al Saud
Father King Abdulaziz
Mother Baraka Al Yamaniyah
Occupation Politician • businessman • air force pilot
Military service
Service/branch Royal Saudi Air Force
Years of service 1965–1980
Muqrin bin Abdulaziz Al Saud (Arabic: ???? ?? ????????? ?? ????, romanized: Muqrin ibn ‘Abd al ‘Aziz Al Su‘ud; born 15 September 1945)[1] is a Saudi Arabian politician, businessman, and former military aviator who was briefly Crown Prince of Saudi Arabia from January to April 2015, during the first three months of his half-brother King Salman's reign. He is the 35th son of King Abdulaziz, born to Abdulaziz's Yemeni concubine Baraka. Since the death of Abdulaziz's 36th son Hamoud in 1994, Muqrin has been the youngest surviving son of the king.[2][3]

Prince Muqrin served as the director general of Al Mukhabarat Al A'amah from 2005 to 2012. In July 2012, he was appointed King Abdullah's advisor and special envoy with the rank of minister. On 27 March 2014, he was named deputy crown prince making him second in the line of succession behind his half-brother Salman.[4] On 23 January 2015, upon King Abdullah's death and the accession of Salman, Muqrin became crown prince[5] and first deputy prime minister. Only three months later, on 29 April 2015, King Salman dismissed Muqrin, replacing him with his nephew Muhammad bin Nayef.[6]

1 Early life and education
2 Career
2.1 Governorship
2.2 Director General of Al Mukhabarat Al A'amah
2.2.1 Activities
2.3 Business activities
3 Succession
3.1 Eligibility
3.2 Second Deputy Prime Minister
3.3 Deputy Crown Prince
3.4 Crown Prince
4 Personal life
5 Honors
6 Ancestry
7 References
8 External links
Early life and education[edit]
Muqrin bin Abdulaziz was born in Riyadh on 15 September 1945.[1][7][8] He is the 35th son of King Abdulaziz. His mother, Baraka Al Yamaniyah, was a Yemeni of African descent[8][9] and was a concubine of King Abdulaziz.[7] She died in Riyadh on 22 August 2018.[10]

Muqrin studied at the Riyadh Model Institute.[2] He then went to Britain's RAF College in Cranwell and graduated with a degree in aeronautics at the rank of flight lieutenant in 1968.[2][11] He also received a diploma, equivalent to a master's degree, from the General Staff course in the United States in 1974.[2]


Prince Muqrin bin Abdulaziz during his service in the Royal Saudi Air Force (RSAF)
Muqrin bin Abdulaziz was an air force pilot.[12] In 1965, he joined the Royal Saudi Air Force (RSAF).[13] He was named commander of the RSAF's 2nd air squadron in 1970. He had served in several positions in the RSAF from 1973 to 1977 before being appointed the adjutant to the director of air operations.[2] He then was elevated to president of operations and planning for the RSAF.[14] He left the RSAF in 1980.[13]

On 18 March 1980, King Khalid appointed Prince Muqrin as governor of Hail replacing Nasser Al Sheikh in the post,[15] and his tenure lasted until 1999.[16] During his tenure Prince Muqrin reformed the local government of Hail with the assistance from the Institute of Public Administration and improved the living conditions of the tribes in the region.[17] He also contributed to the agricultural activities of the region.[17]

On 24 November 1999, Prince Muqrin was appointed governor of Madinah Province as a successor to Abdul Majeed bin Abdulaziz.[16] King Fahd ordered him to modernize the city in response to a wave of anti-government and anti-royalty demonstrations during Hajj.[14] Prince Muqrin developed the education and health care services offered in remote regions.[18] Considered a traditionalist, Prince Muqrin worked to promote traditional values during his appointments as governor.[14] He remained in office until October 2005.[19] Abdulaziz bin Majid succeeded him as governor of Madinah Province.[20]

Director General of Al Mukhabarat Al A'amah[edit]
On 22 October 2005, King Abdullah appointed Prince Muqrin as director general of Saudi Arabia's intelligence agency Al Mukhabarat Al A'amah.[16][19][21][22] His appointment occurred nine months after the resignation of the former director general Prince Nawwaf.[22][23]

Prince Muqrin organized a conference on combating internet militancy, particularly used by al Qaeda in 2007.[24] He further declared that Al Mukhabarat al A'amah would set a website to inform citizens about threats to security and that the organization would be restructured to combat with AQAP.[25] He successfully expelled Islamist militants from Saudi Arabia.[26] On 19 July 2012, Prince Muqrin was relieved from his post and replaced by Bandar bin Sultan.[27] It was argued by media that Prince Muqrin had been criticized during his term due to his approach towards some sensitive issues.[28] On the other hand, Prince Muqrin was named advisor at the rank of minister and a special envoy to King Abdullah the same day.[27][29] His responsibility was stated to be the affairs in southeast Asia.[30]

Prince Muqrin played an active role in Pakistani politics during his term at the Al Mukhabarat Al A'amah.[21] After Pervez Musharraf's 1999 military coup on Nawaz Sharif, the Saudi government arranged a ten-year agreement with Pervez Musharraf to accept Nawaz Sharif as an exile.[31] Because of Benazir Bhutto's early return from exile and the upcoming 2008 elections, Sharif attempted to return to Pakistan in 2007 against the advice of Prince Muqrin.[32][33] However, Sharif was quickly deported from Pakistan and was greeted by Muqrin bin Abdulaziz at the Jeddah airport.[34] Prince Muqrin was also involved in political reconciliation efforts in Pakistan.[35][36]

On the other hand, Muqrin bin Abdulaziz and then foreign minister Prince Saud Al Faisal were reported to be in favor of pushing the sanctions against Iran instead of military action as King Abdullah insisted.[37] However, Prince Muqrin also argued that Iran's interference in internal Gulf affairs, especially Iran's move in regard to nuclear arms, had very negative effects on the region and therefore, might cause an arms race among the Gulf states.[38]

Business activities[edit]
Muqrin bin Abdulaziz also has business activities. He was one of the founders of the Dar Al Maal Al Islami Trust which was initiated by Mohammed bin Faisal Al Saud, King Faisal's son, in 1981.[39] During his tenure as the governor of Hail province, he founded Hail Agricultural Development Company in 1982.[40][41] In the late 1980s, the company was the largest wheat producer in the country.[40]

Main article: Succession to the Saudi Arabian throne

Prince Muqrin's older half-brother King Abdullah (left) named him as deputy crown prince, while another of his half-brothers, King Salman (right), named him as crown prince.
Prince Muqrin was considered to be one of the candidates for accession to the throne since he has governmental experience[42][43][44] although his maternal line was seen as a factor curtailing his chance in this regard.[24] He is said to be much appreciated by the Saudi public because he has never been known for corruption or other negative activities[45] and was considered to be one of King Abdullah's long-time allies.[46] He is also believed by many to be a liberal within the family.[26][47] However, letter exchanges regarding the Shia in the Eastern Province illustrated an opposition between Prince Muqrin and one of his half-brothers, Crown Prince Nayef bin Abdulaziz, regarding how a situation involving Shia instigation in the Eastern Province should be handled. In these exchanges, Prince Muqrin argued for a much stronger and harsher approach, but the crown prince vetoed this.[47]

Second Deputy Prime Minister[edit]
Prince Muqrin was appointed as second deputy prime minister by King Abdullah on 1 February 2013,[48] although he was not seen as a potential contender for the post by analysts.[26][49] This post, which had been vacant since October 2011, is regarded as second in line to the Saudi throne.[48][50] In practical terms, in this role Prince Muqrin was expected to handle daily running of the country whenever King Abdullah and Crown Prince Salman were out of the country or could not deal with daily administrative affairs due to health concerns.[48] In addition to the post of second deputy prime minister, Prince Muqrin kept his other two previous posts, namely adviser to and special envoy of King Abdullah.[51]

Deputy Crown Prince[edit]
After almost a year with the post of second deputy prime minister vacant, Prince Muqrin was formally designated by royal decree in 2013. This meant that he was informally next in line, bypassing several senior princes. In order to make his place in the line of succession permanent and preclude any challenges by any of the dispossessed royals, King Abdullah polled each member of the Allegiance Council individually before announcing Muqrin's new title.[52] Three-quarters of the Council members supported Prince Muqrin's new post.[53]

Prince Muqrin's nomination, according to Reuters, gave more assurance to the kingdom's long-term succession process, proving prophetic with the efficient change of power upon the death of King Abdullah and the accession of King Salman on 23 January 2015.[4]

Crown Prince[edit]
Prince Muqrin became Crown Prince of Saudi Arabia and first deputy prime minister on 23 January 2015 when King Abdullah died.[5] After a tenure of barely three months, he was relieved of his position as crown prince on 29 April 2015.[6]

Personal life[edit]
Prince Muqrin is married to Abta bint Hamoud Al Rashid.[54][55] She was president of the Women's Council when Prince Muqrin was Madinah governor.[54]

He has 14 children.[56] His daughters are Mudahawi, Sara, Mishail, Abta, Nuf, Lamiya, Jawahir, and Sara. His sons are Fahd, Abdulaziz, Faysal, Turki, Mansour and Bandar.[55] Prince Turki founded a real-estate company in Turkey. He is a pilot and CEO of Rabigh Wings Aviation Academy in Jeddah.[57] Prince Turki is also board member of the Saudi Aviation Club.[58]

Muqrin bin Abdulaziz is said to enjoy astronomy, literature and Arabic poetry and has a large library containing thousands of books.[16]

Prince Muqrin purchased four real estate properties about 7,700 square meters in Dlebta, Lebanon, following the approval of the cabinet in 2012 and the publishing of the listed sale in the official gazette. Dlebta's residents objected to the deal and filed a complaint with the relevant authorities.[59]

Prince Muqrin is the recipient of several decorations, including King Abdulaziz Sash and the Order of Merit from the Egyptian Military Air Force.[60]

showAncestors of Muqrin bin Abdulaziz
^ Jump up to:a b Lacey gives his birth year as 1943.
Robert Lacey (2011). Inside the Kingdom: Kings, Clerics, Modernists, Terrorists, and the Struggle for Saudi Arabia. New York: Random House. p. VII. ISBN 9781446472361.
^ Jump up to:a b c d e "Profile: Prince Muqrin bin Abdulaziz". Asharq Alawsat. 2 February 2013. Archived from the original on 30 January 2013. Retrieved 3 February 2013.
^ Simon Henderson (13 February 2013). "Who Will Be the Next King of Saudi Arabia?". The Washington Institute. Retrieved 2 April 2013.
^ Jump up to:a b "Saudi Prince Muqrin named second-in-line to succeed king". Reuters. 27 March 2014. Retrieved 27 March 2014.
^ Jump up to:a b "Saudi Arabia's King Abdullah bin Abdulaziz dies". BBC. 23 January 2015. Retrieved 24 March 2022.
^ Jump up to:a b "Saudi King Salman appoints Prince Mohammed bin Nayef as new crown prince-state TV". Reuters. 29 April 2015. Retrieved 28 April 2015.
^ Jump up to:a b Iqbal Latif (16 June 2012). "Two Down and One to Go — Prince Salman will be the last of Sudairi Seven". Newsvine. Archived from the original on 19 February 2013. Retrieved 25 June 2012.
^ Jump up to:a b "With Prince Muqrin's Appointment, Saudi Succession Crisis Looms". The Daily Beast. 3 February 2013. Retrieved 12 February 2013.
^ "The Al Saud dynasty". Islam Daily. 6 July 2006. Archived from the original on 2 November 2013. Retrieved 16 May 2012.
^ "Saudi royal dies". Gulf Business. 23 August 2018. Retrieved 29 November 2020.
^ "Saudi king appoints his advisor as prime minister's second deputy". Al Arabiya. 1 February 2013. Retrieved 1 February 2013.
^ Simon Henderson (1994). "After King Fahd" (Policy Paper). Washington Institute. Retrieved 2 February 2013.
^ Jump up to:a b "Crown Prince Muqrin bin Abdulaziz". Royal Embassy. Archived from the original on 27 January 2015. Retrieved 25 January 2015.
^ Jump up to:a b c "Prince Muqrin bin Abdulaziz Al Saud". Ayoub World News. 28 October 2011. Retrieved 24 May 2012.
^ Gary Samuel Samore (1984). Royal Family Politics in Saudi Arabia (1953-1982) (PhD thesis). Harvard University. p. 462. ProQuest 303295482.
^ Jump up to:a b c d "General President". General Intelligence Presidency. Archived from the original on 8 November 2011. Retrieved 24 May 2012.
^ Jump up to:a b Summer Scott Huyette (1984). Political Adaptation in Saudi Arabia: A Study of the Council of Ministers (PhD thesis). Columbia University. p. 103. ProQuest 303285259.
^ Abdulateef Al Mulhim (9 February 2013). "Prince Muqrin: A pilot, an astronomer and a politician". Arab News. Retrieved 6 April 2013.
^ Jump up to:a b P.K. Abdul Ghafour (23 October 2005). "Prince Muqrin New Intelligence Chief". Arab News. Retrieved 24 May 2012.
^ "Prince Miqrin Appointed President Of General Intelligence". SAMIRAD. 22 October 2005. Retrieved 10 February 2013.
^ Jump up to:a b Patrick Devenny (20 July 2009). "The List: The Middle East's Most Powerful Spooks". Foreign Policy. Retrieved 24 May 2012.
^ Jump up to:a b "Saudis Appoint a New Chief of Intelligence". The New York Times. Reuters. 23 October 2005. Retrieved 5 August 2012.
^ Anthony H. Cordesman; Khalid R. Al Rodhan (2007). Gulf Military Forces In An Era Of Asymmetric Wars. Westport, CT; London: Praeger. p. 235. ISBN 978-0-275-99399-3.
^ Jump up to:a b "FACTBOX — Key players in the ruling Saudi family". Reuters. 22 November 2010. Retrieved 24 May 2012.
^ Anthony H. Cordesman (2009). Saudi Arabia: National Security in a Troubled Region. Santa Barbara, CA: Praeger. p. 127. ISBN 978-0-3133-8076-1.
^ Jump up to:a b c "New appointment clarifies line of succession in Saudi Arabia". IHS Global Insight. 4 February 2013.
^ Jump up to:a b Ellen Knickmeyer (20 July 2012). "Saudi Appointment Suggests Bigger Regional Ambitions". The Wall Street Journal. Retrieved 20 July 2012.
^ "KSA: New Director for Spy Agency". Middle East Confidential. 20 July 2012. Retrieved 20 July 2012.
^ "Saudi king names ex-U.S. envoy as intelligence chief". CNN. 19 July 2012. Retrieved 20 July 2012.
^ Talal Kapoor (8 August 2012). "The Return of Bandar bin Sultan" (Commentary). Datarabia. Retrieved 9 August 2012.
^ "Nawaz Sharif". Encyclopædia Britannica.
^ "Musharraf allows rival to return to Pakistan". The Guardian. 24 November 2007. Retrieved 6 April 2013.
^ "Former Pakistan Leader Sharif Desires Return". NPR. 7 June 2007. Retrieved 6 April 2013.
^ "Ex-PM Sharif returns to Pakistan". BBC. 25 November 2007. Retrieved 6 April 2013.
^ "Saudi spy chief meets Musharraf, Nawaz Sharif". Daily Times. 16 August 2008. Retrieved 24 May 2012.
^ "Saudi Arabia's Ailing Gerontocracy". David Ottaway. 1 December 2010. Archived from the original on 20 April 2014. Retrieved 21 July 2013.
^ "Saudis Said to Urge Iran Hit". Arab Times. 28 November 2011. Retrieved 24 May 2012.
^ Sylvia Pfeifer; Najmeh Bozorgmehr; Roula Khalaf (14 December 2011). "Iranians seek to placate Saudi Arabia". Financial Times. Retrieved 24 May 2012.
^ Mohammed bin Faisal Al Saud (2014). "The Well of Influence". In Emmy Abdul Alim (ed.). Global Leaders in Islamic Finance: Industry Milestones and Reflections. Singapore: Wiley. p. 56. ISBN 978-1-118-46524-0.
^ Jump up to:a b Monera Nahedh (June 1989). The Sedentarization of a bedouin community in Saudi Arabia (PhD thesis). The University of Leeds.
^ Giselle C. Bricault, ed. (1993). "Saudi Arabia". Major Companies of the Arab World 1993/94. Dordrecht: Springer. p. 537. ISBN 978-1-85333-894-6.
^ Ali Al Ahmed; Logan Barclift. "After Sultan: Saudi Crown Prince Incapacitation Trigger Instability of Absolute Monarchy". Institute for Gulf Affairs. Retrieved 24 May 2012.
^ "The awkward question of Saudi succession". MEED. 23 October 2011. Retrieved 1 June 2012.
^ Amir Taheri (2004). "Saudi Arabia: Between Terror and Reform". American Foreign Policy Interests. 26 (6): 457–465. doi:10.1080/10803920490905523. S2CID 154222715.
^ "Revolution Against the Backdrop of Succession in Saudi Arabia". Moroccan World Views. 3 October 2011. Retrieved 26 April 2012.
^ Ian Bremmer (19 June 2012). "What happens after the death of a prince?". Foreign Policy. Archived from the original on 12 April 2013. Retrieved 21 July 2013.
^ Jump up to:a b Joshua Jacobs (6 March 2012). "Royal Pains". Institute for Gulf Affairs. Retrieved 24 May 2012.
^ Jump up to:a b c "Saudi Arabia appoints Prince Muqrin as second deputy PM". Reuters. 1 February 2013. Retrieved 1 February 2013.
^ David Roberts (19 June 2012). "Saudi Succession after the Death of Crown Prince Nayef". RUSI Analysis.
^ "Saudi king 'names brother deputy premier'". France 24. 1 February 2013. Archived from the original on 16 February 2013. Retrieved 1 February 2013.
^ "Custodian of the Two Holy Mosques Arrives in Riyadh coming from Rawdhat Khuraim". Arab News. 22 April 2013. Retrieved 22 April 2013.
^ "Saudi Arabia: Prince Muqrin in Line for the Throne". Pulitzer Center. Retrieved 2 March 2015.
^ Yoel Guzansky (January 2015). "A Game of Thrones: Royal Succession in Saudi Arabia" (PDF). Strategic Assessment. 17 (4): 10.
^ Jump up to:a b Raphaeli Nimrod (September 2003). "Saudi Arabia: A brief guide to its politics and problems". MERIA. 7 (3).
^ Jump up to:a b "King Abdullah dies, Salman's succession marks return of Sudairis" (PDF). Gulf States Newsletter. 39: 4. 23 January 2015. Archived from the original (PDF) on 1 June 2021.
^ "Family Tree of Muqrin bin Abdulaziz Al Saud". Datarabia. Retrieved 5 August 2012.
^ "Suudi kralin pilot yegeni gayrimenkul için geldi. (Pilot nephew of the King came Turkey for real-estate)". Milliyet. 6 November 2011. Archived from the original on 19 January 2012. Retrieved 16 May 2012.
^ "Members of Saudi Aviation Club Board of Directors Appointed". Saudi Press Agency. Jeddah. 30 June 2010. Retrieved 6 April 2013.
^ "Saudi prince to resell Lebanese land after objections". Ya Libnan. 23 July 2012. Retrieved 21 April 2013.
^ Who's Who in the Arab World 2007-2008 (18th ed.). Beirut: Publitec Publications. 2007. p. 718. doi:10.1515/9783110930047. ISBN 9783598077357.
External links[edit]
Media related to Muqrin bin Abdulaziz at Wikimedia Commons
Saudi Arabian royalty
Preceded by
Salman bin Abdulaziz
Crown Prince of Saudi Arabia
23 January 2015 – 29 April 2015 Succeeded by
Muhammad bin Nayef
Political offices
Preceded by
Nasser bin Abdullah Al Ash Shaikh
Governor of Hail Province
1980–1999 Succeeded by
Saud bin Abdul Muhsin
Preceded by
Abdul Majeed bin Abdulaziz
Governor of Madinah Province
1999–2005 Succeeded by
Abdulaziz bin Majid
Preceded by
Nawwaf bin Abdulaziz
President of Al Mukhabarat Al A'amah
2005–2012 Succeeded by
Bandar bin Sultan
Preceded by
Office established
Saudi Arabian Special Envoy
2012–2015 Succeeded by
Saud bin Faisal
Preceded by
Nayef bin Abdulaziz
Second Deputy Prime Minister
2013–2015 Succeeded by
Muhammad bin Nayef
Preceded by
Salman bin Abdulaziz
First Deputy Prime Minister
January-April 2015 Succeeded by
Muhammad bin Nayef


By David K. Lifschultz

A Stockhouse message board poster says the following:

No fan of Citadel but Griffin evidently knows a good short when he sees one. You have come no where near even spooking professional shorts. Ever.

Actually, the short proves the opposite. The short knows that we have great value. This shorting started when he thought the opposite. Then, we had a mere 250 million behind us for a project from John Thain the CEO of Merrill Lynch in 2008 which Merrill imploded, and D. E. Shaw for 250 million who withdrew because the oil price in 2008 crashed with the stock market. Prior to this a 12 million dollar investment offer came in from Tom McCauley of Northsound Capital whose retained engineers said the technology was the best in the world for upgrading. It was Tom, former Tiger Cub of Julian Robertson, who first alerted us to the naked short at Genoil though we could not see them listed as short on the OTC records. An investor came in and broke the short which Genoil had been 50 cents a share and he started buying at five cents. At 30 cents it started trading huge volumes and rose to $2.00. It was one of the most talked about stocks on Wall Street. The short algorithm kicked in. Millions of shares traded daily. But we never announced the backing for the 250 million dollar project as it was not formalized into a transaction as the markets crashed. This was the time at the 2008 crash that the short began.

Yet, we went to China in 2016 and lined up five billion dollars just an LOI on a 50 billion dollar Aramco transaction which is proven as you see attached and was announced. The intent meant that the Chinese wanted to do the whole 30-50 billion dollar project and still do. The project reached the desk of Mohammed bin Salman recently.

Consortium of Genoil & Beijing Petrochemical Receives US$5 Billion Dollar Bank Letter of Intent for Upgrading Project.|GenOil Inc.

This project is very much alive.

Genoil Signs an Agreement in Saudi Arabia To Build a Super Upgrading Complex and Also Signs Immediate Revenue Generati

Now, the short's despair started in 2016 on the five billion dollar LOI unprecedented in size in the oil industry. I am not including the 700 billion dollar availability proven by the article in the prestigious Asian Times:

Genoil in Discussions with Top Putin Aide for $700 Billion Energy Infrastructure Plan

The references for this 700 billion dollars is given in this article in the Asian Times. Anyone can call Shmal Gannadiy, who is Putin's right hand man in oil and natural gas, to check.

Genoil is one of the greatest companies on Wall Street.

Now what is the short to do? He is short and shorts forward in dear life. He can't let the stock rise which will make his effort to destroy the company lose credibility. Here just last week he shorts nearly a million shares.

Were these borrowed or were they naked, and if naked, we never see the naked covered in the past by follow-up orders. And where is he going to borrow them?

What could the purpose be? To test the market as to who is behind the buying? Or to see if he can demoralize the shareholder base of 630 million plus shares to panic and sell? Yet we did not see any
significant selling ever no matter so what this means the holders of the 630 million shares are solid investors who believe in the company who are not tax selling. That leaves open the question of a test.

Now, let's look at Gamestop. The key backers were Citadel who has mostly been our market maker and Steve Cohen from Conn., USA. Just about every major trade shows short but we never see any covering. Now, Steve Cohen requires any applicant to read Jesse Livermore's book entitled: "How To Trade In Stocks".

The book relates that a fellow comes to Livermore with a hot tip that big buyers are behind such and such a stock. Livermore believes it but sells 10,000 shares short. The stock does not budge. The tipster says what are you dong with my tip? How can I make my commission. Then, he buys 100,000 shares. He explains that he was testing the market. If it budged, the bidder was not there. Now every trader that comes to work for Steve Cohen has to read this book and more than likely at Citadel.

Thus, Genoil is shorted to see what is behind the buying. It is not being shorted because the short thinks nothing is there. The short is not stupid. He can read the above press releases. And they can easily be checked out.

The problem of the short seller is he is trapped. He cannot hope that Genoil will go bankrupt as it does not have any non-related party debt. The usual pink sheet short seller sells the stock down to nothing where most startups as Tesla are heavily in debt and Tesla of Musk was about to go bankrupt unless he came up with his last 60 million dollars from Paypal profits which he created which was his base for his livelihood. Musk threw it into the pot to draw in another 200 million dollars to stave off bankruptcy. The rest is history.

When the German Panzer Armies were at the gates of Moscow everyone thought Russia was finished but on the contrary it was Germany that was finished. The fact Genoil stock price has retreated does not mean it is over as it has behind them China who has today the greatest economy in the world as Russia had the greatest productive power in the world of the US behind them when it produced 75% of the world's cars. You need only read the press releases to see that.

Largest economies in the world by PPP GDP in 2021
Here are references for Genoil management.

The Lifschultz companies were started in 1899 led in succession by David B. Lifschultz, Sidney B. Lifschultz, and David K. Lifschultz that has controlled the following companies:

Trans-Air Freight Systems was a failing company controlled by Ted Arison later of Carnival Lines. David Lifschultz and his father turned it around and then acquired Air-Land which was a failing air freight forwarder owned by Delmonte that they turned around later selling the combined companies to Air Express which merged with Deutsche Post at a great profit. Air Express shares soared and the Lifschultz Family sold its shares at a huge profit. It eventually became Deutsch Post.

Air Express International Corp & Trans Air Freight System In SEC Registration

Lifschultz Industries was an 1899 company which owned Lifschultz Fast Freight and acquired a public company Hart Scientific which had collapsed in price and was losing money. It was a reverse acquisition so the company retained its public company and Nasdaq listing. David K. Lifschultz supervised this acquisition as the CEO of Lifschultz Fast Freight and turned it around renamed Lifschultz Industries. It was sold to Danaher after selling the transportation company Lifschultz Fast Freight and replacing it with Hart Technology that was losing money and was completely reorganized to become a dynamic growing technology company. They partnered with Donald Trump. Danaher executives said this was one of their finest acquisitions. It was extraordinarily well run. magazine-dkl-donald-j-trump/

Danaher Corporation Completes Tender Offer for Lifschultz Industries, Inc.

Then, the Lifschultz Family took control of Genoil and funded it with approximately 9 million dollars of loans at this date as well as purchasing enough shares to control it. It has over 6,000 shareholders and about 630 million shares. The upgrading technology that it controls is the best in the world.

Genoil had successful GHU tests with Lukoil, ConocoPhillips, Silver Eagle just to name a few and these were
press released. It also had a successful test of the upgrading technology for meeting IMO reduced sulfur for
bunker fuel.

Bunkerspot, Lloyds Register Provides Independent Verification for Genoil’s GHU Process|GenOil Inc.

Here are a list of recent review:

Genoil, Inc. is a Lifschultz family controlled public company and is our largest venture where 90 million dollars has been invested largely by the Lifschultz Family. The technology that it controls converts heavy oil to light oil. 70% of world reserves are heavy. Genoil's goal was to create enough units to produce 22 million barrels a day as a reserve insurance policy against the closing of the Straits of Hormuz. See our study in footnote 1, where the cutting off of the 22 million barrels a day would trigger the implosion of the 2.5 quadrillion derivative market crashing the world financial system. Our proposal to Samuel Bodman then Secretary of Energy fascinated him, and thought it was a brilliant idea but EXXON shot it down.

EXXON had blocked our technology with all majors as the inundation of the world oil supply with excess light oil from our process converting heavy oil which is 70% of world reserves in the ground would drive down their valuation of light oil reserves on their balance sheet. So all major oil companies boycotted us as Fred Koch was boycotted in the 1930s for his refining technology. He went to Russia which gave him his start handled personally by Joseph Stalin, and we went to China who backs us inspired by Fred Koch. This situation was confirmed to us by Gianluigi Longinotti-Buitoni then president of Ferrari in a conversation with the Board Member of EXXON Lucio Notto.

What then happened was that every stock transaction started showing naked shorting as at Gamestop which is interpreted to
mean that the goal was to bankrupt the company. This daily information was public. The interpretation that these were covered as they disappeared from the short records was not logical as corresponding purchases were not seen. As the major indexes are illegally shorted as footnote one establishes by cash settlement, the interpretation that this naked shorting was not happening did not make logical sense as illegality in the trillions of dollars of positions in cash settlement manipulations was also ongoing though concealed by the very same players that were said to be naked shorting. Naked short was just another form of concealed illegality as the multi-billion manipulations of the market through cash settlement. In other words, we never saw the crosses or the covers taking place for the shorts as we watched this every day. In any event, the Lifschultz Family position continued to be increased by the non-payment of interest on its loans which accumulated and were convertible. In other words, the Lifschultz Family let the interest accumulate as the company could not pay it. You cannot find a better friend of shareholders than they were.

We have the following projects pending:

1. The five billion dollar LOI from the giant Chinese bank for the 50 billion dollar project for Saudi Arabia which five billion dollar LOI for the first tranche is renewable today at the Saudi request. It was first handled by Crown Prince Nayef the brother of King Abdullah where Aramco would fund the 50 billion dollars themselves and the five billion dollar LOI for the first trance was recently on the desk of Crown Prince Mohammed bin Salman.
The next press release covers this above 50 billion dollar project for 3 million barrels a day for the first 600,000 barrels a day. This is making daily progress. release/accesswire/technology- business-middle-east-saudi- arabia-genoil-inc- 6842aa48dccf343c685e180d5e97ac 37

The following is the first press release: of-genoil-beijing- petrochemical-receives-us5- billion-dollar-bank-letter-of- intent-for-upgrading-project/

The following press release covers our proposal for Russia to divert all of its oil, natural gas, and other natural resources to China and costs up to 700 billion dollars would be covered by our backers. In the link you will find this covered by Asia Times from a balance of power-geopolitical perspective. It would make the EU totally dependent on the US control of the sea for their natural resources. Whatever independence the EU has would be gone. This money is available. The Ukraine crisis places this on he front burner.

Genoil in Discussions with Top Putin Aide for $700 Billion Energy Infrastructure Plan

The geopolitics is covered here. The Russia-Chinese proposal is on the front burner based on the Ukraine project.

Russia’s Missile Warning, US Faces Checkmate at the Ukraine | Operation Disclosure Official

The next link covers our 2.4 billion dollar Oman project for which Beijing Petrochemical and Genoil are spending about five million dollars on the design stage. That design should be completed at the end of December and then a formal offer will be made backed fully by a consortium of banks.

Genoil Signs Agreement in Oman to Build First GHU Upgrader in Duqm Port

This covers the 2016 press release on the Saudi project mentioned above.

Consortium of Genoil & Beijing Petrochemical Receives US$5 Billion Dollar Bank Letter of Intent for Upgrading Project.|GenOil Inc.

David Lifschultz
David Lifschultz | One Rockefeller Center, New York, NY 10020


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