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Technology Stocks : VRDM - Veridium Corporation

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From: new2ethanol	4/23/2006 10:17:39 PM
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Crabbe: I took your advice and called Kevin Kreisler. Needless to say I was very shocked when he picked up the phone on a Sunday evening! Kevin did eliminate some of the skepticism that I had with VRDM. He was very kind and took the time to answer the questions that I had. I have to say I am a little excited about the company after speaking with him. I called from my brother’s house and because of the call my brother has already placed a buy order for Monday morning. I wish I had been better prepared for our conversation, but here are some of the highlights. Obviously he could not give me insider information and had to remain vague with his answers. Everyone: The following is my take on his responses. Please do not interpret these as quotes from Kevin Kriesler. Please do your own DD. I asked about the additional 250,000,000 shares that were recently approved and whether or not we should expect the number of outstanding shares to increase dramatically. (i.e. 4-5,000,000) I felt reassured that we would probably never see numbers like this. He explained in financial reasons why they did this and how they would be used. It didn’t sound like VRDM had plans to release additional shares anytime soon. He said they are in good standing financially for the next 45 days and that the recent announcement with Cornell satisfies their financial needs for the near term. I asked when we would see numbers for the 1st quarter and he said he expects to release them before May 15, 2006. Two plants used their technology in the 1Q. The revenue from the recent announcements would not be realized until later this year. I asked about the recent deal with Cornell and whether or not Cornell would sell its shares in the near future. He said they couldn’t sell for at least 6-9 months, even if they wanted to. I asked why company names weren’t given in some of their press releases. I explained that some have criticized VRDM for this. He said when companies like themselves make these types of announcements they cannot release the purchaser’s names unless they are given permission. Some purchasers want to keep the technology quiet so they can use it as a competitive advantage. He said VRDM has released the names of the companies that have allowed it to. Kevin said he was excited about the future and is looking forward to sharing his excitement with the public as he has done so with past PRs. My take on this is that we should expect more PRs in the very near future. I read an article that said GSHF hoped to remove 1 billion shares of INSQ’s common stock. I asked him about that and he said they still intend to and that we should see that announcement in the near future. He said this is not a buy back. These shares will be returned to the treasury. (I hope I said that right and I'm not sure I completely understand it) Anyway, I now feel good about the short-term prospects of VRDM and I hope to learn more about VRDM as they release their quarterly results and future PRs. Crabbe: Thanks for encouraging me to make this call!

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