There remains several questions about Greenshift, Veridium, et al.
However Veridium seems to me to be quite a bargain at .099, even if it is speculative.
Checking my math, Yahoo rates Veridium with a Market Cap of $24.73M, dividing by .3 (to include the preferred owned by Greenshift) and you get a fully diluted market cap of $82,433,333.
In a recent post I listed Veridiums expected yearly income over the next several years with just present sales considered at $50,000,000. The return on $37,000,000 of that should be quite high, (the income from corn oil and animal fats), as essentially Veridium is just a middleman buying at a fixed discount from market and selling to MeanGreen Biofuels (GS Agrifuels) at a fixed discount from biodiesel prices, the net profit from this income should be quite high.
Veridium's Corn Oil Extraction System has been quite successful (a wild understatement). With the acquisition of the technology announced on Feb. 1, and as of the last update Veridium has sold 24 systems, generating a yearly income stream of $33-35 million per year.
Veridium has also sold at least two Dissolved Air Flotation Sludge extraction systems.
Veridium also has sold at least one and, (Veridium expects that this order is a prelude to more orders from this client for numerous additional Tornado Generator(TM) systems that are designed for this application.), possibly a lot more Tornado Generator systems.
In any case if we can answer the question, Can Veridium finance all of these forward advances, and if you answer in the affirmative it would appear that Veridium is a going concern, and probably a $100,000,000 a year company by the end of this year.
While I have not a clue as to what KK is upto with the restructuring that is going on, I don't see how we can do anything but gain here.
I for one am going to risk it as I can see no reason for GS Agrifuels if KK were trying to consolidate Veridium and Inseq as part of Greenshift. I think for a dime Veridium is one hell of a bargain.
r |
