Austin, Texas 11/22/2007 12:18:52 AM
Speak with other shareholders about: (OTCBB: EBOF), (NASDAQ: SBUX), (OTCBB: TMXO), (NYSE: FRE), (OTCBB: PCFG).
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Earth Biofuels, Inc. (OTCBB: EBOF), down 24% on 2 million shares, Friday announced that its subsidiary, Applied LNG Technologies ("ALT") has renewed a three year liquefied natural gas supply agreement with the City of Redlands (California). The City of Redlands utilizes liquefied natural gas ("LNG") as transportation fuel for its municipal fleet vehicles, and has built an LNG and compressed natural gas ("CNG") refueling station for public use within its city limits.
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Starbucks Coffee Company (NASDAQ: SBUX), up 1% on 30 million shares, yesterday announced that its Board of Directors has amended the company's bylaws to include majority voting procedures for the election of directors. Starbucks enhanced the bylaws to include majority voting to allow shareholders to play a more meaningful role in the election of their directors. This change demonstrates Starbucks ongoing commitment to strong corporate governance practices.
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Trimax Corporation (OTCBB: TMXO), down 17% on 2 million shares, providers of Broadband over PowerLine (BPL) communication technologies and customized web-based retail broadcast and digital signage networks, announced Monday an enhanced business plan for Cybersonics Sound.
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Freddie Mac (NYSE: FRE), down 28% on 84 million shares, the No. 2 U.S. buyer and guarantor of home loans, posted a record $2 billion loss Tuesday and said it needs to raise fresh capital to stay afloat. The government-sponsored enterprise also said it was "seriously considering" a 50 percent cut in its fourth-quarter dividend -- the first cut since becoming a public company in 1989. The company said it expected its fourth-quarter results to mimic the current quarter, which would further erode its capital. The third-quarter loss was mostly because the mortgage finance company, formally known as the Federal Home Loan Mortgage Corp., needed to set aside $1.2 billion to account for bad home loans, it said.
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Pacific Gold Corp. (OTCBB: PCFG), down 26% on 2 million shares, provided a corporate update yesterday on the Black Rock Canyon Mine, Pilot Mountain Resources and Pacific Gold Corp. During the third quarter of 2007, the Black Rock Canyon mine had throughput of approximately 7,000 yards of gravels in July; 11,000 yards in August; and 10,000 yards in September.
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