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

To: edward62 who wrote (68)	4/21/2006 10:36:19 AM
From: Crabbe	Respond to of 133

That posting is the fully diluted number (conversion of series D Preferred stock owned by Greenshift) The public float is now about 253,000,000 shares. As Greenshift will never convert the preferred D to common (it votes and receives dividends as is) The stock available for trading will remain at the present number plus any further dilution such as the Cornell deal. As to why would Veridium do this deal, they have little choice at this point (credit rating), as they have to finance the Oil Extraction Systems presently sold. (They have to pay Inseq 20% up front on each system). r