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

To: new2ethanol who wrote (58)	4/17/2006 10:53:36 PM
From: Crabbe	Respond to of 133

The meat of the 10KSB is this: State issuer's revenues for its most recent fiscal year: $13,962,113 The number of outstanding shares of common stock as of April 16, 2006 was: 243,256,317 This number is 50,000,000 shares higher than I had calculated but still is not bad considering that it has cleared a lot of the debt out of the way and is providing some continuing financing for the installations of the Oil Extraction Systems. Based on the average closing bid and ask price of the Registrant's common stock, the aggregate market value of the voting stock held by non-affiliates of the Registrant as of April 16, 2006 was $32,596,346." At todays close (April 17, 2006) that gives Veridium a market cap of $65,679,205.59, or about 2.5 times booked revenue for the next year. I would guess and it is just that a guess at this point that Veridium is at about 6 times earnings with an expected growth rate of at least 200% for the coming year. Much of the debt that is mentioned in the 10KSB has been eliminated through the issuance of stock, the selling of which recently ended sending Veridium spiralling upward. As I expect sales of Veridium Technology to continue, through out the year I think Veridium is still undervalued. Over all I think it is a pretty good report. I haven't had time to read it all, but knowing at least part of what has happened this year I am satisfied that the massive debt ratio has been essentially eliminated. r