GARB News now at $.0001 Garb Oil Power Corpo
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GARB News now at $.0001
Garb Oil & Power Corporation (USOTC: GARB). Garb Oil & Power Corporation announces shareholders meeting Saturday, November 17, at 11.00 am, to be held at Little America Hotel, 500 South Main Street, Salt Lake City, UT 84101.
THE AGENDA FOR THE SHAREHOLDERS MEETING WILL BE THE FOLLOWING:
Update on current situation
Garb's future direction
Discussion and vote on approval for share restructuring and the reduction of the Authorized shares
Discussion and vote on approval for the elimination of all Classes of Garb Preferred shares and conversion into Common stock
Discussion and Vote on approval for a Reverse Split to occur within the earliest possible time as per legal requirements.
Discussion and vote on approval to take Garb to AMX or Small Cap exchange
Other matters
Before the shareholders meeting will take place, a proxy statement will be sent to all shareholders on record followed by formal notice of the shareholders meeting; this will occur within the next 120 days.
The Reverse Split has already Board approval and is set at 3000:1, pending shareholders' approval and legal requirements.
The delay from previous announcement is due to the time necessary to call the shareholders meeting and present the Proxy statement.
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