Interesting reading
I just thought I'd post someone's opinion I found interesting on Google Finance:
Oracle <oscarm...@gmail.com>
Alright.. This has got to be the case, the buy back seemed too far
fetched so this is my final conclusion after about 3 hours of DD
tonight, on top of what I've already done.
Signed by Dennis March 3rd 2009 laying out the plan,
Item 8.01 Other Events
Earth Biofuels, Inc. (the “Company”) today announced that the Board
of Directors have decided not to pursue the reverse split of the
Company’s common stock as described in its Schedule 14-C filed with
the Securities and Exchange Commission on November 3, 2008.
(pinksheets.com/edgar/GetFilingHtml?FilingID=6452011)
"The Company has determined that, at this time, a reverse stock split
may not be in the best interests of its shareholders. The original
intent was to initiate an anti-dilutive measure, one that would
decrease the number of shares outstanding and help to create a more
orderly and healthy market for the trading of its stock. However, upon
further review and after conducting a historical analysis of the
overall effects of such a split, it has been decided that the result
often produces downward pressure on the stock. Management believes it
can produce the most shareholder value organically by focusing on
expanding its business without modifying the Company’s current capital
structure."
Here is a list of Publicly traded companies ran by Dennis and their
description and my comments... Notice any Similarities???
________________________________________________________________
AOOR.pk - Apollo *Resources* International (OTCBB:AOOR) is a public
energy company focused on the operation, acquisition, and development
of traditional hydrocarbon assets throughout the United States. In
addition, Apollo is aggressively pursuing the acquisition and
development of profitable renewable forms of energy such as biodiesel
and natural gas technologies.
________________________________________________________________
________________________________________________________________
APDR.pk - Apollo Drilling, Inc. is engaged in oil and natural gas
exploration and production. The Company derives its revenue primarily
from providing oil and natural gas exploration drilling services.
________________________________________________________________
>April 27th Apollo Drilling changes their name to "Southwest Hydrocarbons".
>April 28th Southwest Hydrocarbons announces their NEW plan (reuters.com/article/pressRelease/idUS227185+28-Apr-2009+GNW20090428)
"The Company's new management stated that the
business will be centered on the exploration, acquisition, and
production of oil
and natural gas in the southwestern United States, initially in
portions of
Oklahoma."
>"I've witnessed many of these economic cycles throughout the last 40 years, with
many ups and downs in the industry. I believe this is an ideal time to
take
advantage of the conditions and pursue these opportunities in order to
bring
maximum value to the Company and its stockholders."
>*May 4th Announces renowned geophysicist, Mr. J. Pat Lindsey joins Board of Advisors (globenewswire.com/newsroom/news.html?d=164502)
________________________________________________________________
EVLN.ob - Evolution *Resources*, Inc., formerly BBN Global Consulting,
Inc., was a consulting firm with a mission of providing business
planning and management consulting to small companies, and to assist
medium sized companies in China and Brazil to establish a business
presence in the United States
________________________________________________________________
________________________________________________________________
EVFL.pk - Evolution Fuels, Inc., formerly Earth Biofuels, Inc., is
engaged in the production, supply and distribution of alternative
based fuels in the United States consisting of biodiesel, ethanol and
liquid natural gas. Earth produces pure biodiesel fuel (B100) for sale
directly to wholesalers, and to be used as a blend stock to make B20
biodiesel.
________________________________________________________________
>May 1st Changes name from Earth Biofuels to Evolution Fuels
>*May 4th Announces New Chief Operating Officer Mr. Timothy G. Harrington
>July 6th release financials to pinksheets.com noting gains of approximately $74 million during the Company's fourth quarter of 2008 due to the retirement of corporate debt through the Company's PNG Ventures, Inc. share exchange agreement announced on January 16, 2009.
>July 7th Removes Caveat Emptor Warning from Pinksheets.com
>July 22nd announce Pursuit of OTCQX listing
>July 23rd announce new website.
ok... now its all laid out I think I have a different conclusion than
a buy back program..
First off I couldn't make sense why they purchased BBN Global
Consulting... Further it made no sense to start this new brand
"Evolution" Resources as a result, expanding it to Earth Biofuels by
reclaiming it as Evolution Fuels. Notice the new appointments between
APDR and EVFL at the same time along with the name change. Then things
started to make sense... Atleast I think and hope.
Theory:
Earth Biofuels ran out of cash to really get started because of the
high prices of refinery and what not.. or something of the sort.
Apollo was Dennis's only real source of revenue. I think maybe the
reason Apollo went downhill is because his investment in Earth
Biofuels took a crap or at least some kind of problems arose, evident
when you search about Apollo and Earth Biofuels. So in order to regain
control of his main investment, Earth Biofuels that failed- he has to
come up with something strategic in order to get things moving again
and regain investor confidence. What better time to make a move other
than when the economy is on the verge of rebound and plenty of buying
opportunities out there??? Right.. so, Then I started wondering about
their recent claim of the "pursuit" to be listed on OTCQX tier... I am
just finding it hard to believe after the recent volume that they will
start a MASSIVE buy back.. because thats what it would have to be...
but then I thought... WHY the hell would they buyback shares when the
company they recently purchased "BBN Global Consulting" is a publicly
traded stock only 1 tier down from OTCQX with a PPS to easily meet .25
OTCQX requirements.. its not like EVLN is really bringing in revenue.
Instead it makes more sense for EVFL and EVLN to merge. I don't think
a .25 PPS will be too difficult to average above and sounds a LOT more
reasonably way of getting listed on the OTCQX tier. The other reason
that made me think a little more this way is because in the PR saying
they are pursuing OTCQX (quoted: "which include having audited
financials as of the end of each of the two most recent fiscal years.
Over the next few weeks the Company plans to take the steps necessary
to meet such requirements.") they never mentioned the fact they are
WAY away from the .25 PPS to even be considered. I think the reason
they need to have audited financials is because in order to Merge with
EVLN they need to have their financials correct and up-to date so the
resulting company and shares can be adjusted/distributed accordingly.
In the end EVLN will take on EVFL's name and symbol.. bringing the
company above the .25 PPS with audited financials.
This doesn't really make sense of the volume... unless they are trying
to fudge something on their financials to benefit the merge, with the
extra cash Dennis has gotten recently, by buying back a certain amount
of shares.?.?..
Link to Pinksheets.com Tier Ratings.. look what they give EVLN and
EVLF
pinksheets.com/pink/otcguide/investors_market_tiers.jsp
On Aug 4, 10:06 am, Oracle <oscarm...@gmail.com> wrote:
> Would love to hear what you find out, Keep us posted. Thanks Brookwolf
> On Aug 4, 9:45 am, Brookwolf <brookw...@gmail.com> wrote:
> > Interesting -ORACLE -- Have seen some of this before --we do need
> > some input from the Company --I'm going to try to reach them today ---
> > Hopefully I get a coupe of answers ---GLTUA
> > On Aug 4, 9:23 am, Oracle <oscarm...@gmail.com> wrote:
> > > As you may know, Evolution Fuels was previously known as Earth
> > > Biofuels. While the information was dated, researching Earth Biofuels
> > > may help understand why they did the name change- if they have future
> > > plans. Earth Biofuels failed pretty bad in the past and Mr. Dennis G.
> > > McLaughlin has quite the checkered past, previously involved in
> > > several lawsuits and bankruptcies.
> > > (Forbes) Not a real positive sign above... but here is where it gets
> > > interesting...
> > > Looking at the Forbes link provided below, Evolution Resources (EVLN)
> > > is headed by Dennis G. McLaughlin as well as Evolution Fuels (EVFL).
> > > Evolution Resources just merged with BBN Global Consulting, Inc- a
> > > company who's "primary focus is providing strategic business planning
> > > and management consulting to small domestic companies, and to assist
> > > medium sized companies in China and Brazil to establish a business
> > > presence in the United States or Canada.".
> > > (ITEM 2.01)
> > > EVLN has also acquired all of the issued and outstanding common stock
> > > of Liquafaction Corporation and fifty-three percent of the membership
> > > interests of Liqua Ethanol, LLC (“Liqua LLC”) (the shares of Liqu Corp
> > > and Liqua LLC are referred to collectively as the “Equity”). Liqua
> > > Corp and Liqua LLC own and operate a corn ethanol facility located in
> > > Moses Lake, Washington. The Company intends to convert the facility
> > > into a large demonstration/small commercial-scale bio-refinery that
> > > produces ethanol and associated co-products from wheat straw."
> > > (Form S-1) A little more interesting....
> > > Evolution Resources, Inc. is a development stage company focused on
> > > the advancement of the profitable production of cellulosic ethanol and
> > > biodiesel. Our business plan contains certain proposed projects that
> > > if successfully implemented and completed, will leverage **EXISTING
> > > ASSETS** and infrastructure to (a) significantly shorten the time
> > > frame required to establish commercial scale cellulosic ethanol
> > > production facilities and (b) “repurpose” certain industrial
> > > facilities to provide key biofuels production components.
> > > On May 27, 2009, the Company, Evolution Resources, Inc., a Delaware
> > > corporation (“Evolution-DE”) and Evolution Resources Acquisition Corp.
> > > (“ERAC”), a wholly-owned subsidiary of the Company, entered into an
> > > Agreement and Plan of Merger. Pursuant to the terms of the Merger
> > > Agreement, ERAC merged with and into Evolution-DE, with Evolution-DE
> > > remaining as the surviving corporation and as our sole wholly-owned
> > > subsidiary. After the closing of the merger, we changed our name from
> > > BBN Global Consulting, Inc. to Evolution Resources, Inc. to reflect
> > > the business of our principal subsidiary. Because of the merger, we
> > > ceased to be a “shell company” as that term is defined in Rule 405 of
> > > the Securities Act and Rule 12b-2 of the Exchange Act
> > > Putting this together.... (all the information above is pretty recent)
> > > Since I can't find any information on TARP funds... Could they
> > > possibly be using EVLN to fund EVFL? They have created this
> > > "Evolution" brand and have recently made several steps to progress
> > > this brand in the Biofuel industry. Is this part of their plan to hit
> > > the market with more than a hope? Last time they couldn't cut it, this
> > > time their position is more firm and could possibly take advantage of
> > > surviving the recession (not sure how they did that unless EVLN is
> > > their sugar momma) when much of the compitition couldn't.
> > > Again this last paragraph is speculation. This could be another scheme
> > > worked up by Dennis to progress something else but it looks like his
> > > long-term goal has been for Biofuels... maybe.. just maybe with the
> > > recent PR's for EVFL.... he finally lined up his ducks and his
> > > "proposed projects" are being successfully implemented.
> > > Something is going on here with "Evolution" for sure. Possibly a set-
> > > up to re-grasp his initial intention, Earth Biofuels- Now Evolution
> > > Fuels.
> > > Reference's Below
> > > ------------------
> > > Forbes link to Dennis McLaughlin:
> > > people.forbes.com/profile/dennis-g-mclaughlin/27994
> > > EDGAR - ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
> > > - July 14th
> > > yahoo.brand.edgar-online.com/displayfilinginfo.aspx?
> > > FilingID=6700424-3119-5280&type=sect&TabIndex=2&companyid=733081&ppu=
> > > %252fdefault.aspx%253fcik%253d1387620
> > > EDGAR- Form S-1
> > > yahoo.brand.edgar-online.com/displayfilinginfo.aspx?
> > > FilingID=6686189-14730-19876&type=sect&TabIndex=2&companyid=733081&ppu=
> > > %252fdefault.aspx%253fcik%253d1387620
> > > EDGAR - (EVLN) Financials
> > > yahoo.brand.edgar-online.com/DisplayFiling.aspx?
> > > TabIndex=2&FilingID=6715068&companyid=733081&ppu=%252fdefault.aspx
> > > %253fcik%253d1387620- Hide quoted text -
> > - Show quoted text -
