It appears its market cap is quite high? 180M shares? No cash flow? Do they have any stations open?
finance.yahoo.com
10-May-2006
Completion of Acquisition or Disposition of Assets, Financial Statements and
Item 2.01 Completion of Acquisition or Disposition of Assets.
On December 14, 2005, Earth Biofuels, Inc. ("Earth" or the "Company") filed Form 8-K to report the November 29, 2005 signing of an agreement to purchase 100% of the stock of The Wing Sail Company, Inc., dba "Distribution Drive" (a Texas corporation). On March 3, 2006, Earth filed Form 8-K/A to report the closing of the acquisition on February 28, 2006. In consideration for the sale to the Company of all of the outstanding shares of Distribution Drive, the Company issued 6,667,800 restricted shares of its common stock to owner Peter Bell, who subsequently became an employee of Earth. The acquisition provides an immediate distribution vehicle for Earth's biodiesel fuel to truck stop customers in the states of Texas, Georgia, South Carolina and portions of California, and secures the rights to supply B100 biodiesel fuel, to be blended as Willie Nelson's "BioWillie"(LOL) brand B20 biodiesel fuel.
This amendment is filed to provide the required historical and pro forma financial information of Distribution Drive required under Item 9.01 with respect to the acquisition.
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I wonder what they would charge to vinyl wrap my old ranger boat? SkinzWraps, Inc. (Pink Sheets:SKZW <g>
SkinzWraps Signs Agreement with Earth Biofuels, Inc.
Wednesday March 29, 9:00 am ET
DALLAS--(BUSINESS WIRE)--March 29, 2006--SkinzWraps, Inc. (Pink Sheets:SKZW - News), a full-service vehicle wrapping company, today announced that it has signed an exclusive agreement with Earth Biofuels, Inc. (OTCBB:EBOF - News), a producer and distributor of biodiesel fuel. Under terms of the agreement, SkinzWraps will handle the entire marketing campaign for Earth Biofuels, including designing and managing Earth Biofuels' brand image, including wrapping gas station pumps and islands that sell Earth Biofuels product(s), and wrapping Earth Biofuels refinery tanks, billboards, tankers and promotional vehicles. Financial terms of the agreement were not disclosed.
....I can do some fancy company logos for their stations in concrete?<g> |
