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GARB currently #30 on breakout boards. Come over for the gains, or just stay for the show.
Bought at .0001 and sold at .0002? According to my amazing math skills, that's a 100% profit.
What is the sound of one ASK tapping?
GARB acquires JV partner in Italy. Cubs Win.
ITALIAN JV 8K AND CONTRACT:
http://www.sec.gov/Archives/edgar/data/798371/000103883812000075/0001038838-12-000075-index.htm
___________________________________________________________
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 <200m volume before lunch.
GWIV company profile. Higher than average volume
http://globalwiseinvestments.com/assets/factsheet/index.html#/1/zoomed
GARB acquires controlling interest in Italian E-waste plant
[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
LHPT profits by 3/31/12 on new well
"NEW YORK, March 13, 2012 /PRNewswire/ -- (OTC Pinks LHPT) 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. "The Louisiana Project has several benefits for the long term development of the company. It puts Lighthouse right in the middle of some major projects going on in that area targeting the Tuscaloosa Marine Shale. Several majors oil and gas companies have been drilling in Louisiana targeting the Tuscaloosa Marine Shale and are producing very solid returns based on public disclose management is able to find. Since the Lucy Lee project is much larger in terms of required cash than what Lighthouse could have done on its own, partnering and buying a non- operator participating interest has given us a foothold in the area and a relationship with a local operator."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73259409
Opinions welcome. Again, forward-looking news will keep this phoenix rising IMO
GARB bounces, <200m volume before noon.
LHPT projects profits for 'Lucy Lee' well by 3/31/12
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73259409
Lexmark, DELL, Samsung on board with GWIV
http://globalwiseinvestments.com/assets/factsheet/index.html#/1/zoomed
Above average volume for GWIV
GARB acquires JV partner and controlling interest in Italraee S.r.l.
http://finance.yahoo.com/news/garb-oil-power-shareholder-3-141000412.html
It is a slow burner, but building sustainable operations takes time and capital.
According to the latest PR, looks they're well on their way to doing what they said they would.
http://finance.yahoo.com/news/garb-oil-power-shareholder-3-141000412.html
It is a slow burner, but building sustainable operations takes time and capital.
According to the latest PR, looks they're well on their way to doing what they said they would.
http://finance.yahoo.com/news/garb-oil-power-shareholder-3-141000412.html
GARB 200m volume today!
It's still higher than average volume for a Friday. Word is getting around..
I don't know the investor's mindset, but my guess would be old debt conversion (ie. paid in stocks)
I'm well aware of the sharks, their teeth marks are all over the previous investors. This is why I prefer forward-looking news over getting sucked into the downward spiral of the past.
Just found this one yesterday. Seems to be taking off after news of the patent.
No news on Finance2Fly page, but it's a good overview of the program QASP is using.
http://finance2fly.com/
Yes, unfortunately there's a lot of clean-up to do, but some news of JC's progress will set this aright IMO.
Lucy Lee producing $$ by month's end.
A modest morning hit, as per usual. Need some $erious investors to break this one out of resistance.
This spread is killin me.
Excellent. The wheels are turning, and we are fully reporting.
There's greedy and nefarious types in the lending world?? say it ain't so, Oddity.
Asher was paid off in stock, if you bothered to read further on the 10Q. 21,100,000 shares for "debt conversion" if my mind serves.
Kranitz was also paid in stock, and the relationship severed. sharky posted the email.
Keep digging, it's entertaining.
nitwhit, GARB is still trading, that's the point. the chill is old news. different brokers have different criteria with which they use to trade. i've purchased GARB through my broker before, i just didn't refresh the bid fast enough to grab on the dip.
That's actually 4 reasons. LOL
Lol. Like i said earlier, this spread can't get any tighter.
Pennies are risky, today it paid off for those that made the 100%.
Next!
Trading nicely, as in "able to trade, and evidence of it"
There are buys there are sells, meaning that it trades.
What part of that don't you get, Junkie?
sheesh, i gotta get a new broker, i couldn't grab fast enough.
Nice thing about bouncers like this, is it's a 100% gain.
Yeah, the MA really spikes.
Thanks for checking up on that Tex
The full article from the webpage:
March 15, 2012
Dear Shareholders:
On behalf of the Quasar Aerospace Industries, Inc. (the “Corporation”) we want to address numerous inquires we have received as to available remedies for common shareholders that were mislead by former management in respect to a purported swap of shares of the Corporation. It is our understanding that subsequent to the former CEO’s removal as an officer and director of the Corporation on January 27, 2011, the former CEO and representatives of him alleged an arbitrary cutoff date for said swap.
While the Corporation, its officers and directors were not part of these actions and efforts, we have become aware of them in small parts over the course of the last year. The Corporation has also seen the deleterious effects this has had on the Corporation, its shareholders, its stock price and relationships it has and had with various service providers, vendors and debtors of the Corporation. This includes the recent maneuvers by two former CEO’s in Court which led to a Court Order forcing a shareholder’s meeting. In spite of the Court’s directives the two former CEO’s are now failing to comply with said Order and have subsequently pled to the Court to reverse the Court ruling to no avail.
We do not have a definitive plan as we do not have all the facts in regards to stock swaps, cutoff date(s), private communications to some “select” shareholders regarding the buying and selling of the Corporation’s stock. It has come to our attention that these shareholders were told explicitly not to buy the stock after the record date and subsequently told to sell. The Corporation at this point would like to hear from you as a shareholder. Please supply the Corporation with specific information as to what harm you have suffered by what we will refer to as the “Stock Swap Group.”
Additionally, please provide the Corporation with details of shares held and what factors weighed in on your decision to buy or hold the stock in regards to directives or communications from the Stock Swap Group. When you bought the stock and average prices and if you have sold since then or currently hold. If you have any information that corroborates a claim you think you may have, please send it to the following: shareholdersgroup@quasaraerospaceindutstries.com.
Lastly, if you sent any money to the former CEO for legal bills or any other costs, we would appreciate those details as well. The Corporation will then determine what actions it can take on behalf of its shareholders or recommend an action that may be suitable to you.
Sincerely and on behalf of Quasar,
Joseph C. Canouse, CEO
http://www.quasaraerospaceindustries.com/f3/Quasar/News.aspx
News from the webpage.
Looks like they want to take previous investor's grievances seriously
It has come to our attention that these shareholders were told explicitly not to buy the stock after the record date and subsequently told to sell. The Corporation at this point would like to hear from you as a shareholder. Please supply the Corporation with specific information as to what harm you have suffered by what we will refer to as the “Stock Swap Group.”
Additionally, please provide the Corporation with details of shares held and what factors weighed in on your decision to buy or hold the stock in regards to directives or communications from the Stock Swap Group. When you bought the stock and average prices and if you have sold since then or currently hold. If you have any information that corroborates a claim you think you may have, please send it to the following: shareholdersgroup@quasaraerospaceindutstries.com.