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Last $0.0001 USD
Change Today 0.00 / 0.00%
Volume 0.0
GARB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/14/15 All times are local (Market data is delayed by at least 15 minutes).

garb oil & power corporation (GARB) Key Developments

Garb Oil & Power Corporation Approves Amendment to Articles of Incorporation

On May 27, 2015, the board of directors of Garb Oil & Power Corporation approved an amendment to articles of incorporation, as amended to effect a 1 for 10,000 reverse stock split of the company's issued and outstanding common stock and also approved amendment to Articles to decrease, subject to implementation of the Reverse Stock Split Amendment, authorized common stock from 50,000,000,000 shares, no par value, to 75,000,000 shares, $0.001 par value.

Garb Oil & Power Corporation Auditor Raises 'Going Concern' Doubt

Garb Oil & Power Corporation filed its 10-K on Apr 15, 2015 for the period ending Dec 31, 2014. In this report its auditor, H J & Associates, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Garb Oil & Power Corporation announced delayed annual 10-K filing

On 03/31/2015, Garb Oil & Power Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Garb Oil & Power Corporation Auditor Raises 'Going Concern' Doubt

Garb Oil & Power Corporation filed its 10-K on Mar 24, 2015 for the period ending Dec 31, 2013. In this report its auditor, H J & Associates, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Garb Oil & Power Corporation Secures the Largo Commercial Property

Garb Oil & Power Corporation announced it has secured the Largo commercial property located at 1185 Gooden Crossing, Largo, FL with occupancy that began this month. The purchase is secured with a lease to own agreement in the amount of $1,385,000 and the monthly lease amount is $7,000 for the 16,838 square feet portion of the property with $5,000 monthly being recognized as principal payments toward the total purchase price of the entire complex. As a capital lease, the full $1,385,000 will be recognized as an asset on the company's balance sheet effective September 2014. The commercial property site has a total of 55,785 square feet of Office and Warehouse space located on 2.51 acres of land. The 16,838 square feet portion includes office space to primarily be utilized by the corporate Sales and Marketing Department. The available warehouse space is sufficient to warehouse and sell new truck tires. The term is for six months for the purchase to close March 3, 2015 to allow the seller to complete their Christmas Holiday seasonal sales period prior to moving.

 

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GARB

Industry Average

Valuation GARB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 47.5x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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