Speedy MOMO = Outsized PROFITSSSSSS!!!!!
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I am still waiting for those financials
I do want to here what the radio show will highlight and off course the next PR's have my interest.
I agree...risk with incredible upside.
I agree...risk with incredible upside.
I think we understand that the funding is coming from the outside.
GARB could not be in the EB-5 program unless they met federal qualifications. One reason why I like GARB
Well if there is a security out there that only went up and up and up then please tell me I would like to buy that one.
All securities move up and down. This is the basement of the otc market and it's not going to be pretty. People are here for the large percentage gains they can make and not for the stability of one particular security.
GARB has a long line of steady progress and the news the past few days is big time and has put some hope in sails.
Here's the deal you have been preaching .0001 and then a R/S for months.
And guess what it has not happened.
GARB has been clearly announcing plans for progress.
And guess what they are happening.
Hmmmm...I'm just calling you on your junk Junk
8-k will hit following the financials I would imagine.
Funding is being accomplished through the USCIS EB-5 program. Indiana has been coordinating the receipt of the property USCIS Regional Center designation that is a requirement of this particular funding mechanism. The Site has been identified, the building has been designed, a General Contractor is in place, and ground-breaking is estimated for mid 2012 with completion of the Plant in 1st quarter 2013.
Can you read?
The project in Indiana is part of the EB-5 program already.
That is a third party, the federal government, stating they meet those requirements and many more.
Unbelievable simply unbelievable
Oh ya and I'm very hopeful about Ohio and Nevada. Especially the chance that there will be a plant in Ohio similar to the one they are going to break ground on in Indiana in just a few months.
I want to hear more about the JV in Italy and the funding in Indiana and Italy.
Here is a little on EB-5 program and the requirements that GARB must have in order to be in the program according to the federal government.
They must have at least 1 million in cash
They must be able to provide enough jobs that it will produce $500,000 in income annually for the employs a minimum of ten jobs.
They must be deemed credit worthy.
and there is a bunch more here that the FEDERAL Gov has approved so I pretty sure they are not making this stuff up.
EB-5 Immigrant Investor
Visa Description
USCIS administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 and regularly reauthorized since, certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.
All EB-5 investors must invest in a new commercial enterprise, which is a commercial enterprise:
Established after Nov. 29, 1990, or
Established on or before Nov. 29, 1990, that is:
1. Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results, or
2. Expanded through the investment so that a 40-percent increase in the net worth or number of employees occurs
Commercial enterprise means any for-profit activity formed for the ongoing conduct of lawful business including, but not limited to:
A sole proprietorship
Partnership (whether limited or general)
Holding company
Joint venture
Corporation
Business trust or other entity, which may be publicly or privately owned
This definition includes a commercial enterprise consisting of a holding company and its wholly owned subsidiaries, provided that each such subsidiary is engaged in a for-profit activity formed for the ongoing conduct of a lawful business.
Note: This definition does not include noncommercial activity such as owning and operating a personal residence.
Job Creation Requirements
Create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years (or under certain circumstances, within a reasonable time after the two-year period) of the immigrant investor’s admission to the United States as a Conditional Permanent Resident.
Create or preserve either direct or indirect jobs:
Direct jobs are actual identifiable jobs for qualified employees located within the commercial enterprise into which the EB-5 investor has directly invested his or her capital.
Indirect jobs are those jobs shown to have been created collaterally or as a result of capital invested in a commercial enterprise affiliated with a regional center by an EB-5 investor. A foreign investor may only use the indirect job calculation if affiliated with a regional center.
Note: Investors may only be credited with preserving jobs in a troubled business.
A troubled business is an enterprise that has been in existence for at least two years and has incurred a net loss during the 12- or 24-month period prior to the priority date on the immigrant investor’s Form I-526. The loss for this period must be at least 20 percent of the troubled business’ net worth prior to the loss. For purposes of determining whether the troubled business has been in existence for two years, successors in interest to the troubled business will be deemed to have been in existence for the same period of time as the business they succeeded.
A qualified employee is a U.S. citizen, permanent resident or other immigrant authorized to work in the United States. The individual may be a conditional resident, an asylee, a refugee, or a person residing in the United States under suspension of deportation. This definition does not include the immigrant investor; his or her spouse, sons, or daughters; or any foreign national in any nonimmigrant status (such as an H-1B visa holder) or who is not authorized to work in the United States.
Full-time employment means employment of a qualifying employee by the new commercial enterprise in a position that requires a minimum of 35 working hours per week. In the case of the Immigrant Investor Pilot Program, "full-time employment" also means employment of a qualifying employee in a position that has been created indirectly from investments associated with the Pilot Program.
A job-sharing arrangement whereby two or more qualifying employees share a full-time position will count as full-time employment provided the hourly requirement per week is met. This definition does not include combinations of part-time positions or full-time equivalents even if, when combined, the positions meet the hourly requirement per week. The position must be permanent, full-time and constant. The two qualified employees sharing the job must be permanent and share the associated benefits normally related to any permanent, full-time position, including payment of both workman’s compensation and unemployment premiums for the position by the employer.
Capital Investment Requirements
Capital means cash, equipment, inventory, other tangible property, cash equivalents and indebtedness secured by assets owned by the alien entrepreneur, provided that the alien entrepreneur is personally and primarily liable and that the assets of the new commercial enterprise upon which the petition is based are not used to secure any of the indebtedness. All capital shall be valued at fair-market value in United States dollars. Assets acquired, directly or indirectly, by unlawful means (such as criminal activities) shall not be considered capital for the purposes of section 203(b)(5) of the Act.
Note: Investment capital cannot be borrowed.
Required minimum investments are:
General. The minimum qualifying investment in the United States is $1 million.
Targeted Employment Area (High Unemployment or Rural Area). The minimum qualifying investment either within a high-unemployment area or rural area in the United States is $500,000.
A targeted employment area is an area that, at the time of investment, is a rural area or an area experiencing unemployment of at least 150 percent of the national average rate.
A rural area is any area outside a metropolitan statistical area (as designated by the Office of Management and Budget) or outside the boundary of any city or town having a population of 20,000 or more according to the decennial census.
Just a few days until financials this should be a good week.
.0004x.0005 spread looks to be the name of the game today.
Can't wait for the CC to hear about the JV and funding
Good day fella's. Whats up in GARB land
C'mon lets turn up the volume.
Ice Age? that supposedly lasted 100,000 years. In reality it's been a bad couple of months and the last few days have been good. So Ice Age is really not that accurate or honest at all.
SIBE up 16% pretty little stock
SIBE up 16% I like it here. I've been so busy else where dealing with something I am more heavy on that I have not been on here mutch but every time I check in I'm glad I did.
True true, good thing only the chill remains and there is no more dilution currently taking place.
2012 and 2013 are going to be good years at garb
The estimated cost of the project including land, building and plant is expected to be approx. $13 million USD and is scheduled to be completed by December 2013. Funding for the E-Waste plant will come through the engagement of a local bank and will be guaranteed by an insurance bond. Garb estimates to break ground in this project by November 2012.
http://finance.yahoo.com/news/Garb-Shareholder-Updates-2-4-prnews-2843638062.html?x=0
Funds are there to get rolling
Once operational the plant will provide estimated revenues in excess of euro 7,000,000($10,000,000) and EBITA in excess of euro 3,000,000 ($4,500,000) per year of operation. All raw materials will be on sold to local entities for further processing. The plant will be locally funded and initial funds are available to start the project.
http://finance.yahoo.com/news/Garb-Shareholder-Updates-2-4-prnews-2843638062.html?x=0
The bottom has formed strong accumulation lets see this thing get moving.
2 New JV and the purchase of and existing company in Italy. I did not notice that before thanks for pointing that out.
Calm before the profitable storm...
well I hope more good news today. It's been good the past few days can we keep the ball rolling?
Id like to see volume pick up a bit here
Pretty sure you should buckle up and tell your buds to put on helmets because it's going to be rocket ship here when things take off.
20 mil in credit + share reduction + ground breaking in Indiana + JV in Italy = kaptain happy pants
Yep financials this month well tick-tock hope to see them soon.
Well since you or I do not have a crystal ball then we can only watch and wait for the best.
In my case it seems the best is taking place.
I can't wait to see the financials, 8-k's to confirm, and future PR
How people be hat'n on two JV's struck with
80% financing for one
100% financing for other
outstanding shares being restructured
Time line and Profits for a new venture in Ohio
News about Nevada
How? This adds up to a long with lots of bags at the end of the rainbow fellas
Wait check that re-appear under a new alias or just switch to one of the many they already have. LOL
Well IMAO I will be laughing all the way to the bank while certain haters tuck their tails and disappear
I thought you where waiting for the .0001? Like every day for months now what gives?
Truth be known GARB has pieced this baby together step by step.
Yes the get rich quick folks and dumb money will run and get scared but over time reading through the older PR's and matching them with the breaking news
Indiana ground breaking mid 2012
Contractor landed land found
80% funds are in place
really tells you they ain't BS anyone this is happening and its happening now.
Well if this is real then 8k will follow and my dd tells me that the 8k's will come.
I think he will address the DCTT on the CC you should listen in you might learn something
Chill Order moves a stock to trade-to-trade status. It is not a good thing at all because it will limit the agents that will dill with chilled securities.
However, it is not the end of the world. GARB did close to 40 mil in volume yesterday with the chill order.
Ihub has an entire board dedicated to the DCTT I would search that out because it is a third party opinion.
Some on this board are going to make it seem like it's then end of the world others will act like nothing happened.
Do your DD...IMO GARB is a great buy
so we are waiting for more great news
Second PR announced
Company filings, substantial work has been completed on the several e-waste facility projects underway.
Italy – Sardinia: A joint venture has been struck to build one plant in Sardinia Italy. This plant will work in conjunction with current recycling centers in each of these locations to specifically process e-waste streams. Currently, J-V agreements have been executed, sites have been selected, and 80% bank financing is being arranged. GARB plans on contributing 20% in cash toward the completion of the plant.
Indiana: GARB has executed a Joint Venture Agreement with a company bringing 100% funding of a full e-waste recycling plant. Funding is being accomplished through the USCIS EB-5 program. Indiana has been coordinating the receipt of the property USCIS Regional Center designation that is a requirement of this particular funding mechanism. The Site has been identified, the building has been designed, a General Contractor is in place, and ground-breaking is estimated for mid 2012 with completion of the Plant in 1st quarter 2013.
According to CEO, John Rossi, "We anticipate a collection/scrap recycling location possibly in other parts of Indiana, Ohio and Nevada. These locations will allow for the collection and processing of e-waste material throughout the state of Indiana, and should allow for receipt of material from a few neighboring cities in other states."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb Oil & Power Corporation is not required to update its forward-looking statements.
Firs PR announced
conference call to be held on Friday, March 2nd at 4:15pm EST to Discuss Ohio E-waste Recycling Plant.
Please call in at:218-339-3600Conference code: 767741#
The agenda for the meeting will be as follows:
Current status of the Ohio E-waste recycling project
Projected time-line of plant construction
Projected annual revenues anticipated
Funding and partnerships. Status on the $20 million line of credit available to GARB.
Additionally, CEO John Rossi will address the following initiatives pertinent to GARB shareholders:
Reduction of authorized shares from 50,000,000,000 to 6,000,000,000 common shares
The elimination of the Class C preferred stock
The elimination of Class B preferred stock and the conversion of said shares into Garb common stock at the current assigned value of conversion
To reduce Class A preferred stock voting and conversion powers
Dilution