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Wednesday, June 24, 2009 5:03:26 AM
Thank you for your further inquiry regarding the restricted stock dividend of EVOLUTION FUELS INC (EVFL) from EARTH BIOFUELS INC. It is TD AMERITRADE's policy to allocate shares from this type of corporate action at the point when we are certain that all of the terms of the stock dividend are fully confirmed and the shares can be confidently allocated to accounts without having to be reversed at a later point. TD AMERITRADE is currently working with the Depository Trust Company (DTC), the intermediary between the transfer agent and brokerages, to determine the effective dates of how the stock dividend should be allocated. There is discrepancy between whether the shares should be allocated based on the record date of 06/10/2009 or an ex-dividend date of 06/16/2009, which had been announced through the depository. If it is determined that the distribution went ex-dividend on 6/16, then TD AMERITRADE will receive additional restricted shares for allocation to your account.
Although we cannot at this time provide an official date that we expect for this to be completed, we anticipate that the issues will be clarified within just a couple business days.
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