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Technology Stocks : VRDM - Veridium Corporation -- Ignore unavailable to you. Want to Upgrade?

To: manny t who wrote (25)	3/22/2006 12:45:27 PM
From: Crabbe	Read Replies (1) \| Respond to of 133

Veridium seems to be stuck in the .05 range. I think this is due to the fact that Veridium recently converted debt into equity and the company that received the stock is selling every time the stock exceeds their break even price. I think also that we will soon see the end of this dumping of stock as it soon will all be sold. The latest filings indicate that there are now 225,000,000 shares out standing. Doing a little math, Veridiam is now expecting an annual sales rate of about $23 million, with no further sales of any of it's proprietary technologies. That assumption is based on 3rd quarter 2005 income of $3,390,833 X 4 = $13,563,332 + recent sales of their oil extraction systems which will generate an expected repeating annualized income of about $9,600,000, call the total about $23 million. That equals per share revenue of 11 cents per share, or a little more than double the present per share price. r