On November 19, 2007, the Earth Biofuels, Inc. (the "Company") Board of Directors authorized a stock repurchase program of up to twelve million (12,000,000) issued and outstanding shares of the Company's common stock for a period of 6 months ending June 3, 2008, commencing on Monday, December 3, 2007.
The Company's repurchase of its shares under the program will be made from time to time during the 6 month period, at the sole discretion of the Company's management after consideration of relevant factors such as the historical and current market price of the stock, the nature of other investment opportunities or growth projects, available cash flows from the Company's operations, general economic conditions and other factors deemed appropriate. The program does not obligate the Company to acquire any specific number of shares and may be modified, suspended, extended or terminated for any reason at any time without prior notice. |
