This is risky business. Only invest what you can afford to lose.
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Yes, the interesting story is the 100mil plus trades that have occurred since "no bid" was reached.
~~GARB: 10x average VOL, up 100%, .0002. Power hour MOMO?
GARB: 10x average VOL, up 100%, .0002. Power hour action?
GARB: up 100%, wonder what the power hour might have?
Did you notice that Italree is already an established electronic scrap entity? That's the shortcut to revenues IMHO!
"Our joint venture partners are well known in the industry and already provide a number of services. The purchase of Italraee gives Garb an entry into this lucrative market and positions Garb as a presence in the electronic waste industry in Italy."
GARB= my favorite bottom bouncer Releasing today's PR with the 8k and contract for the Italian acquisition in timely fashion was the right move on John Rossi's part. I hope he takes note of the fact that investor confidence is greatly increased when GARB dots their i's and crosses their t's in proper business manner. I hear they have been extremely busy as they expand the company in multiple locations, but their is so much unwarranted and unusual negativity on this board, it is well to silence doubts with transparent business practice as was demonstrated today.
GARB: 10X's AVG Volume today!
GARB up a 100% since this morning!
Yep, Some of us have a hard time keeping our fingers out of the cookie jar Thats why I like these bottom plays.
~~GARB~~up 100%~~ record VOLUME~~.0002 Bottom Bouncer!
~~GARB~~ up 100%! .0002, RECORD VOL!
GARB: up 100%! Bottom Bouncer ~~ .0002~~ 200mil Vol today!
GARB: up 100%! Bottom Bouncer ~~ .0002~~ 200mil Vol today!
GARB: 200mil Volume today! .0002, up 100% Wheeeeee.....
GARB: 200mil Volume today! .0002 Bottom Bouncer! Wheeeeee.....
177 mil in volume! Bounce BABY Bounce!
Garb Oil & Power Shareholder Update 3 of 4
Garb Oil & Power Corporation Subsidiary Recovery Industries Ltd acquires 51% of Italraee S.r.l.
SALT LAKE CITY, March 16, 2012 /PRNewswire/ -- Garb Oil & Power Corporation (USOTC: GARB.PK - News). Garb Oil & Power Corporation, announced today that through its subsidiary Recovery Industries Ltd, it has acquired 51% of Italraee S.r.l.
Management believes that Italraee S.r.l. is an important acquisition for Garb. Italraee is involved in owning and managing the electronic waste (Ewaste) processing plant that will be built in Northern Rome, Italy. Garb President and CEO John Rossi stated: "Our joint venture partners are well known in the industry and already provide a number of services. The purchase of Italraee gives Garb an entry into this lucrative market and positions Garb as a presence in the electronic waste industry in Italy."
Based on current projections, Italraee will build, own and manage the 13,000 metric ton plant, which will produce output in Copper, Aluminum, Alloys and Plastic. Once operational, the plant will provide estimated revenues in excess of euro 7,000,000 (approximately $10,000,000) and EBITA in excess of euro 3,000,000 (approximately $4,500,000) per year of operation. Management anticipates that all raw materials will be sold to local entities for further processing.
Garb, through its European subsidiary, will proceed to fund 20% of project (or approximately US$3.9million), with 80% being organized by the JV partner, which will own 49% of the JV company. The estimated cost of the project including land, building and plant is expected to be approximately US$13million and is scheduled to be completed by December 2013. Management anticipates that 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 breaking ground in this project by November 2012.
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. Specifically, statements relating to the anticipated revenues, anticipated earnings, anticipated costs of the project, and expected output of materials are forward-looking statements. 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 expressly disclaims any obligation or intention to update these forward-looking statements for any reason.
Garb Oil & Power Corporation
+1-801-738-1355 Office
John Rossi President & CEO
Email: info@garbmail.com
Websites: www.garbop.com
GARB just tweeted the PR: GARB News! 3 of 4, GARB acquires 51% of Italraee S.r.l. E-waste plant to be built in Northern Rome http://yhoo.it/w5n7Fg #recycling #Italy
Chill hasn't hurt jack squat
Well then what are you doing here? The stock is trading nicely, not no-bid
I'm here to make money, not play games.
Loving this bottom bouncer! It works out nicely with enough market interest and volume. .0001 x .0002 spread makes for some fun flipping
GARB= OTCQB. No longer "limited". Caught up on filings. Definitely a step in right direction.
2.2 mil vol, traded at the ASK
What's entertaining is buying at the dip and sitting on a 100% gain in one morning :) GO GARB!
Let the BUYS begin! And we're off!
Those who picked up on the dip at .0001 one must be smiling
GARB .0002, half a million traded so far
STRONG SUPPORT at the bid, (which I don't take for granted at .0001 ;-D ) ASK looks like its thinning, and 3's lining up
It seems so, I like this from the www.garbconnect.com blog post:
"I have much more to share with Garb followers in the coming days. I look forward to that opportunity!"
Yes, I knew ewaste recycling is big business, but the following list of substances in ewaste drove home to me that this was not a passing "Green fad" but an absolute necessity:
"Lead: the average CRT monitor is estimated to contain up to 8 pounds of lead, used primarily in soldering of circuit boards and other device components. Lead is extremely harmful to the human body; damages both the central and peripheral nervous systems; can cause seizures, retardation, high blood pressure, damage to the kidneys and liver; and adversely affects child development.
Beryllium: Forms significant portions of electrical connectors and battery contacts. Long term exposure can be carcinogenic, especially for the lungs. Extreme exposure can lead to a potentially fatal condition known as Acute Beryllium Disease.
Cadmium: Found in soldering, semiconductors, resistors. Suspected carcinogen. Repeat exposure damages lungs, kidneys, and liver.
Arsenic: Used in integrated circuits and semiconductors. Notoriously poisonous and even fatal
Mercury: Found in batteries, circuit boards, and flat-screen monitors. Toxic to the central nervous system, the endocrine systems, the mouth, teeth and gums, and the neurological development of unborn children.
Antimony: Used in production of diodes and batteries. Pure form used in semiconductor production. Toxic to humans in ways similar to Arsenic.
Brominated Flame Retardants (BFRs): Used as flame retardants in plastics in most electronics. Health effects include impaired development of the nervous system, thyroid problems, liver problems.
Americium: The synthetic element found in household smoke detectors. Radioactive and carcinogenic.
Phthalates: Used to soften PVC plastic. One of the most common Phthalates is a known reproductive toxin."
Wow! Wealth of good info on E-waste market here:
"Such hazards make their way into landfills across the USA, where the components eventually degrade and leach into the soil and groundwater, posing a grave public health threat. American lawmakers have awakened to the crisis and the resulting legislation has shaped the market Garb is serving. Already in the last few years, 25 states have passed e-waste recycling laws, 17 of which include landfill disposal bans. Worldwide, a staggering 50 million tons of e-waste is produced each year, with the USA being the leading consumer. Despite growing regulations, only 20% of the old electronics that the US disposes of is currently being recycled. 80% still ends up in landfills. The trend of legislation is to rapidly rectify this untenable situation, giving Garb the wide open door to demonstrate our industry leadership.
“Obsolescence” is also an issue in e-waste disposal. In the last few years, some of our “competitors” in the industry have employed a model based on collecting e-waste stateside and shipping it to antiquated, hand-processing operations overseas. The resulting health and environmental issues have drawn an outcry from international watch dog agencies. In contrast, the cutting edge technologies of a Garb e-waste recycling facility protects the ecosystem and public health via our Closed Cycle ™ principle and utilizes mechanical separation. Have you watched this video showcasing our technology? GARB YOUTUBE LINK
Clearly, e-waste recycling is not only a rising market trend, it is a public health and environmental necessity that only grows larger with each passing quarter. Garb is fully equipped to meet this rising challenge.
GARB Tweeted. New John Rossi blog post: "New CEO Blog Post: E-waste: why recycling is a need and why such an opportunity for GARB. http://bit.ly/yUA0Oq #e-waste #recycle #GARB"
Looks like there is a party going on between pumpers and bashers as ususal, LOL.
35 mil shares at ASK so far for GARB today!
You can lead a horse to water... As for me, Revenues at the end of the month at the Lucy Lee well? Budget Progress on the Perry and Perry "A"? You don't have to tell me twice. This horse is ready to drink his fill on the dip. LOL!
Nice spread on LHPT. Somebody slap UBSS and let this baby roll!
Well it started out with Lucy Lee, but looks like the extra kick brought on by Anthony Maye is having a catalytic effect.
Lucy Lee= Revenues by end of March
then
Perry and Perry "A" with an approved budget
LHPT seems to have an instinct for paydirt
Just getting wind of this. REVENUES end of this month! THAT's news worth spreading. Seems like I just caught the train leaving the station:
"Lighthouse Petroleum, Inc. during the first quarter of 2012 has successfully closed two transactions of the year. Lighthouse initial transaction was a purchase of a participation interest in a well in Lucy Lee Well located in St. Helena Parrish, Louisiana. The second transaction was the closing of the purchase of the Perry Lease and Perry "A" Lease. "I believe the foundation for Lighthouse's future growth has been laid with the closing of these two transaction. I expect the Lucy Lee well to begin generating revenue for Lighthouse before the end of the quarter March 31, 2012. In addition I am pleased to announce the Perry and Perry "A" Lease now have an approved budget and we are currently work with the operator to begin scheduling work on both Perry leases." said CEO Todd Violette. "