The new news release clarifies a little where Veridium is heading this year.
20 ethanol COIS(TM) at $1.4 each if MeanGreen is unable to buy the oil, $1.8 million if the corn oil is sold to Meangreen (by the end of the year Meangreen will be able to process most if not all of this corn oil.
At $1.4 mm the total income from this source would be $28,000,000 plus the nearly $14,000,000 from the 10Q earned last year, that would total $42,000,000. When Meangreen is able to accept delivery of the corn oil that would increase to $36,000,000 plus the $14,000,000 or $52,000,000.
The new article did not mention the Tornado Generator(TM) one System has been sold for sure and the expected sales are: "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."
Also not mentioned was the DAF sludge processing one system has been sold with an expected revenue of 2 sales that will produce at least another $2.6 million for a known total of an income stream of $44.6 - $54.6 million. That does not count the tornado generator(TM).
The market cap is $60.9 million for a year end price to sales ratio of a little better than 1:1.
I think Veridium has a long way to run.
As always do your own due diligence.
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