$GARB HUGE NEWS OUT: Garb Oil & Power Corp. (OTC: GARB) Announces Filing Of Financial Disclosure Information To Become Current By June 30th Advised Deadline As Per SEC Rule 15c2-11
June 01, 2021 Salt Lake City, UT – Garb Oil & Power Corp. (OTC: GARB) Announces filing of financial disclosure information to become current by June 30th advised deadline as per SEC Rule 15c2-11. After Filing Garb Oil & Power Corp. will be designated “Current Information” and remain publicly quoted.
The upcoming implementation of amended SEC Rule 15c2-11 will require that all companies quoted on our markets must disclose current information on a continuous basis, effective September 28, 2021.
Pink companies will need to update their disclosure to ensure they comply with the new requirements.
Alternative Reporting Companies: OTC Markets has updated the Disclosure Guidelines for Alternative Reporting Companies to include all the information required under amended Rule 15c2-11. Companies must follow the Guidelines to be designated “Current Information” or
“Limited Information” and remain publicly quoted.
Bank Reporting Companies: OTC Markets has created new Disclosure Guidelines for Bank Reporting Companies to include all the information required under amended Rule 15c2-11.
Banks and bank holding companies must follow these Guidelines to be designated “Current Information” or “Limited Information” and remain publicly quoted.
International Reporting Companies: Companies that are current in their periodic disclosure and are listed on a Qualified Foreign Exchange that requires disclosure in English will remain in compliance and may continue to be publicly quoted. Other international companies seeking to ensure their ongoing compliance may publish their disclosure directly to OTC Markets for review.
Impacted Pink companies should provide the required disclosure to OTC Markets by June 30th. This will ensure that our Issuer Compliance Team has sufficient time to review and update market status for companies prior to the rule’s compliance date on September 28th. Securities that do not meet the Rule’s disclosure standard will have their public quotes removed from Pink as of the September deadline.
Contact issuer@otcmarkets.com for more information.
Garb Oil & Power Corporation has a long company history in the fast-growing industry of waste recycling and specifically related to waste-to-energy. Garb is organized to utilize both next-generation machines and new technologies to vertically integrate into the waste refinement, recycling, and energy industries. In addition to selling new tires, shredders and related recycling equipment, the Company’s emphasis is for its own plants to produce profitable new and “green” solutions for waste-to-energy including the potential use of alternate energy sources, new equipment technologies that improve energy usage efficiency and utilizing recycled material in producing both useful and desirable products including recycled rubber to produce retread tires and as an alternate energy source in the production of electricity.
Garb Oil & Power Corp.(OTC: GARB)
