Replies to post #9326 on Garb Oil and Power Corp (GARB)

[Chugit]

USRI don't trade to many share as i can see and i don't see any revenue since Dec, 1 2007.

GARB don't sell the machines any more. You can read on GARB'S website on the first page this information on why.

By 2009 Garb had developed an impressive portfolio of patents and technological know-how within the recycling industry. In October 2009, in an effort to bring Garb to the next phase of its development and progress, the Company acquired Resource Protection Services GmBH (“RPS”) in a reverse acquisition. RPS, a German based company, had developed waste recycling units throughout Europe based on the patents of its Chief Technology Officer Igor Plahuta. Igor Plahuta and John Rossi through their companies sold over 135 machines between 1999 and 2007. Additionally, Messrs. Rossi and Plahuta contributed and participated in designing, building and developing over 15 plants in a variety of sizes in the waste industry. All of these are in operation as proof to the acceptability, need and success of the Company’s technology.

Upon acquiring RPS, the Company appointed John Rossi as its President and Igor Plahuta as its Chief Technology Officer. Messrs. Rossi and Plahuta immediately shifted the Company’s focus from patent development to marketing and revenue generation based on its technology. In the past RPS had acted as an engineering company when marketing its machines, receiving one time revenues from the sale and an ongoing maintenance agreement. With its technology now a part of Garb, it was decided that building full recycling plants around the Company’s patents and machines with joint venture partners would provide a larger upside for shareholders in terms of revenues and assets.

From October 2009 to the present, management has laid the infrastructure and aligned the necessary resources to allow the Company to begin building plants under its joint venture business model. In management’s opinion the joint venture model would allow the Company the ability to build numerous plants simultaneously without the burden of accessing capital and each plant would provide an ongoing source of revenues to sustain the Company’s growth.

GO GARB

[Albertmacares]

Wy do you hate this company so much?

[Chugit]

Think about this.

The minimum cost of one shredder needed to build a tire recycling plant to do what USRI and Garb have announced is $700,000 and the JV announced needs lots of shredders. So it is impossible that they can build a whole plant with $500,000.

Can you see what a bogus post that was. Do some DD before posting.


GO GARB