Garb Oil and Power Corp (GARB)

[againstallodds]

Toxic debt convertible in shares.

Thats how the bad boys make money.

This is why they won't bring GARB down in BK, they have too much interest keeping it alive, reeling is the non suspecting crowds by having a pump or promo movement and selling them their .0000001 shares at .0001

Garb is toxic and radioactive...

Shell game, no activity whatsoever.

From the last 10Q

The Company’s derivative liability consists of the embedded conversion feature of its convertible notes payable. As the notes payable have conversion rates that prevent calculating the number of shares into which they can convert, the conversion feature has been separated from the underlying notes and valued as a derivative liability.


Prior to 2014, it was believed that previous management could cause the counterparties to overlook this conversion feature, and settle for the value of the notes themselves. So they estimated the fair value of the derivative liability was zero. In 2014, new management reassessed the nature of the notes payable and determined that a possibility exists that the conversion feature could be utilized by holders of the notes. As a result, the Company estimated the fair value of the derivative liability as of June 30, 2016 was $4,085,176 and December 31, 2015 was $3,787,124.

Following is a table showing activity in the derivative liability account.