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Re: RabidAnimal post# 46397

Thursday, 01/14/2010 6:35:07 AM

Thursday, January 14, 2010 6:35:07 AM

Post# of 56273
REAL MESSAGE HERE!!!!!!!!!!!!!

reacties: 2528

Ik heb nog eens iets opgezocht:
"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.?.?.. "

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