ethonol is on CNBC...INSQ is running already big time VRDM is next HUGE HUGE GAIN TODAY!!
i see it ending up close to 50% right now its down!
Posted by superman7 on :
i am trying to buy all i can
Posted by superman7 on :
INSQ going up now up close to 30%
VRDM still down it will run big soon here!
Posted by superman7 on :
ok here we go we are green now...we should see .10 soon and the break of it not too much later!
Posted by buzzygresham on :
you see this at .12?
Posted by superman7 on :
buzzy yes if we dont see .12 today we will see it tommorow!!
Posted by llatffej on :
what you see insq going to today?
Posted by RedScotchy on :
HOT!! fly baby fly...
Posted by superman7 on :
VRDM will be huge it is the most liked ethonol play out there for a while now this one will really run!
INSQ i have no idea i didnt buy any i bought a ton of VRDM instead
Posted by invester on :
Nothing specific about VRDM, just a shortage of ethanol.
Posted by superman7 on :
VRDM..just bought another 20k...INSQ is up 40% VRDM only 5%
VRDM has alot of catching up to do..favrotie ethonol play out there
Posted by buzzygresham on :
good eye super. now run baby run
Posted by superman7 on :
if this doesnt break .10 today i will be really amazed!!
Posted by buzzygresham on :
starting to shake them off. lets run.
Posted by poppinmycollar on :
I'm glad i jumped on this one guys, thanks for the heads up!!
Posted by buzzygresham on :
thank super, he caught it
Posted by superman7 on :
let them shake...ethonol was just on cnbc and how it could exlpode...this is the most liked ethonol play on the OTCBB
ths will run!
Posted by buzzygresham on :
6 mm's at 085
Posted by buzzygresham on :
cant seem to get over the 085
Posted by Livinonklendathu on :
Intraday cup and handle - should run hard into close
Posted by Johnwayne on :
Sure it will break .09. I want to jump but big wall of mm's there.
Posted by superman7 on :
VRDM...i dont believe this..INSQ up like 50% VRDM 3%!! what gives!! come on VRDM u got some cathing up to do..maybe after it breaks its hod at .088???
Posted by superman7 on :
VRDM..unbeleivable to watch GSHF and INSQ go up mad, and yet VRDM just sit there
Posted by superman7 on :
VRDM..unbeleivable to watch GSHF and INSQ go up mad, and yet VRDM just sit there
Posted by superman7 on :
ok finally VRDM going to go break hod and then we see .10+ and gap for tommorow!!
Posted by superman7 on :
VRDM 083 consolidation about done intra day cup's handle bought to form right side go back to HOD thenb blow up
Posted by Johnwayne on :
How high do you see it gapping? I think it's heading to .125 again.
Posted by superman7 on :
i think we see .10 give or take a 1/2 cent and then tommorow we break previous highs set a few days ago
Posted by superman7 on :
i am thinking of buying even more this is the most i have ever put in a penny stock i am really likeing this one
but then they say never put all your eggs in one basket so i dont knowwwww
still thinking
Posted by buzzygresham on :
i wouldnt put all your eggs in. but you know more than i do.
Posted by superman7 on :
buzzy yeah i would never either but yeah if i buy another 20-50k i stll have alot of eggs left to invest other places so i am still thinknig Posted by superman7 on :
i think i want 100k shares of this when the day is all over i am more then half way there
Posted by rocktrader on :
Super did u get out of ATVE?
Man what a freak stock...i had to take my loss this morning...glad for that...
Posted by superman7 on :
yeah rock i had to get out with a loss but i was dumb i waited a bit to watch it go down got out at .139 in at .17 so took a nice loss
whatever hopefully we make back our losses on this one
you in on this??
Posted by superman7 on :
finally we have some u/ting!!
we are at HOD
now lets see .10 already!
Posted by Johnwayne on :
In. I'm expecting INSQ money to trickle in here all afternoon. That .125 resistance should be soft from the last time we bounced off it.
Posted by buzzygresham on :
here we go
Posted by superman7 on :
VRDM..finally!! made me wait so long just like my damn girlfriend!!
Posted by Livinonklendathu on :
There is the HOD, boom time
Posted by superman7 on :
but now .09's are falling just like my girlfriends p--t--s
quote:Originally posted by superman7: VRDM..finally!! made me wait so long just like my damn girlfriend!!
Posted by superman7 on :
ok lets see .10 might dip when we get there but eventually break it!!
lets see .15+ tommorow daddy needs a new hat!!
Posted by R.A. on :
yes, you can expect a little boom for VRDM, it's a very nice play
Posted by The Doc on :
Did you just see that sell of 1,000,000 * .0873
Posted by superman7 on :
here comes the small shake to get out the weak
Posted by RCAnalyst2007 on :
I think it will target 0.06 by tomorrow.. I'm out at 0.092.. I'll be getting more IFLB
Posted by R.A. on :
How high do you guys expect it to go by tomorrow? Over it's 52 weeks high?
Posted by superman7 on :
what makes u say that?? thats crazy!! ethonol is hot and this is the favortite play on the OTCBB this will see .15 and i am sure of that! i guess time will only tell....this is just a minor dip which is expected we see .10 today! another thing i am sure of!
quote:Originally posted by RCAnalyst2007: I think it will target 0.06 by tomorrow.. I'm out at 0.092.. I'll be getting more IFLB
Posted by RCAnalyst2007 on :
I know.. It just couple more days.. I'll be back in after the correction. Looks like it's gonna shape head and shoulders intraday.
Posted by superman7 on :
RC...already higher then what u sold for...i hate to say it..but i told you so...atleast u made some money so good trade for you!!
IFLB i was in 2 but got out for a profit might go back in but i doubt it!
Posted by Johnwayne on :
RCA- Dang I was going to jump in IFLB this morning but thought you were backing off IFLB so I bought back in here this afternoon. Well I'll catch you on the next one pal.
Posted by superman7 on :
INSQ..unbelieveable now up 70%!! when are we going to see VRDM there...soon i think!!
the parent company of both VRDM and INSQ is GSHF
so all 3 run in parrallel and so thus i think VRDM's time is coming i am going to change my prediction from .10 now to .12 today i honestly think we seee .12 today on VRDM!!
Posted by Johnwayne on :
Looks like you may be right Superman. What else is new!! Thanks for steering me here again. Can't believe I'm back in this already. Let's hope I regret selling Tuesday at .105. Heck I should have just held through the pullback. That would have taken bals as big as church bells though.
Posted by superman7 on :
INSQ up 80%..VRDM up 14%..they are from the same family...VRDM will pull a mojor move into close and tommorow just based on how much INSQ is up!!
Posted by doling2005 on :
hey guys don't miss iesv..biofuels and ethanol stock, just started moving..5 cents..good luck here, I got out too soon, before this run actually!
Posted by superman7 on :
john dont worry i got VRDM to last run way cheaper then u i got at .075 lol
and now in at an average of .082
its all good though u have to take profit sometimes and buy higher then what u sold at sometimes cause its better to be safe then sorry adn u have to wait for patterns momo and other stuff
Posted by dacollecter on :
quote:Originally posted by RCAnalyst2007: I think it will target 0.06 by tomorrow.. I'm out at 0.092.. I'll be getting more IFLB
bad play
Posted by superman7 on :
here comes .10
lets see .12 now today
and maybe .20 tommorow Posted by Johnwayne on :
Superman- Well thanks again. I used some of my "40% profit goal" money when I bought back in to this at .086. Let's hope I see .12.
Posted by R.A. on :
I think you'll see it tomorrow... damn I sold GSHF too early... 0.2 yesterday with a 100% profit(bought it in the begining of march)... I could have got more...
Posted by ldbobby on :
Just wanna say thanks superman for the alert!
Posted by Johnwayne on :
RA- When you make 100% profit on a trade you never do the wrong thing.
Posted by superman7 on :
no problem all!!! i just thikn we have alot more to run and i am not even talking about tommorows gap with INSQ (a family company) of this one up now 100% and this one up only 20% we have alot more running to do today!
Posted by R.A. on :
JW, yeah but you always want more you know... but you're completely right
By the way I have a question to ask you guys. When you set an alert, what do you base yourself on? I mean... for the biofuels stocks, I noticed, when I did my own research in march a good potential with GSHF and with EBOF (among others)... GSHF + 100% in a month and EBOF passed from 0.75 when I bought to and is close to 3$ right now. My questions is what tools do you use to set an alert?
Posted by buzzygresham on :
does this gap and fall in the morn or does it keep running tomorrow?
Posted by RedScotchy on :
it doesn't fall in the morning...
Posted by Peaser01 on :
Ethanol is just beginning to take off IMO.
Posted by superman7 on :
this one really run tommorow and still into close i thikn we see close or .12 today!
Posted by R.A. on :
Ethanol is the game to play... with the oil price skyrocketing and the gas at the pump station going to hit new highs... biofuels and ethanol are very interesting.
Posted by Johnwayne on :
Buzzy- What price did you get in at?
Posted by buzzygresham on :
086
Posted by buzzygresham on :
whats an IPO?
Posted by Johnwayne on :
Buzzy- Let's see where it closes. That will give everybody a little better idea of what advice to give you. If I remember right you got caught by the short hairs Tuesday morning when this gapped.
Posted by superman7 on :
guys and gals check out IESV another ethonol play which is starting to run!!!
Posted by superman7 on :
lets see .12!!
Posted by Johnwayne on :
Go baby Go!! let's see my 40% yet today!
Posted by buzzygresham on :
woohooo, go go go
Posted by RCAnalyst2007 on :
I went in and out. Made another 15%. But I think tomorrow IFLB has more chance compare to VRDM.
I'll watch VRDM tomorrow and might jump back in if conditions are good. GAP is a possibility for both stocks but for me right now safe to stay out from VRDM.
I stayed at IFLB because it hasn't done it's move yet.
Posted by lostone on :
darn, set an auto sell at .10 cuz i had class, can't believe it went thru.. o well, a gain is a gain.. glta
Posted by Johnwayne on :
Should be gapper in AM. Hope I get my .12.
Posted by Livinonklendathu on :
Nice close, gappage tomorrow. Posted by JW on :
Alternative fuel sorces are going to be in demand. On the evening news last night they said we could see $4.00 a gal. for gas this summer. This baby is just taking off, fasten you seat belts!! We are just leaving the teminal!!!
Posted by superman7 on :
i think tommorow we see a gap of .14 then mabe a little dip and then we see our .15's and then we go for a nother run Ethonol is so hot right now!!
another play that hasent run in the Ethonol fiels is IESV check it out!
Posted by Peaser01 on :
Shares Outstanding: 47.52M Float: 40.35M
Posted by Peaser01 on :
quote:Originally posted by Johnwayne: Looks like you may be right Superman. What else is new!! Thanks for steering me here again. Can't believe I'm back in this already. Let's hope I regret selling Tuesday at .105. Heck I should have just held through the pullback. That would have taken bals as big as church bells though.
Well, I held 59k through the dip. Bought in early Monday afternoon. What a shake today!! Geez!!
mucho grande cajones!!!
Posted by Johnwayne on :
Superman - After getting caught in the Gap Tuesday my trigger finger is going to be quick. I am also looking at playing EISV. What do you think of that one?
Posted by Johnwayne on :
Peaser- You definitely have bals as big as church bells!
Posted by Peaser01 on :
lol
Sounds like a case of elephantitus! Posted by Johnwayne on :
A concern I have is looking at level 2 there are 11 mm's on the ask at .12. That is huge. Will they back off and set up at .14? And how can we get through that wall?
Posted by buzzygresham on :
all i am gonna say is watch the news as much as you can tonite. These things may get bigger than we think.
Posted by JW on :
LOL, Buy MORE!!
quote:Originally posted by Johnwayne: A concern I have is looking at level 2 there are 11 mm's on the ask at .12. That is huge. Will they back off and set up at .14? And how can we get through that wall?
Posted by madmoney on :
what EXACTLY does this company have or do? please post links or sources if you intend to respond. thanks in advance!
Posted by Johnwayne on :
1st level resistence - .131 2nd level - .147
Posted by madmoney on :
quote:Originally posted by Peaser01: Shares Outstanding: 47.52M Float: 40.35M
not true: company states> in response to some of your recent questions, we currently have about 225,000,000 shares of common stock outstanding. Additionally, GreenShift Corporation, of which I am the chairman and chief executive officer, holds preferred stock convertible into another 35% stake. In total, between common and preferred stock, GreenShift currently holds about 70% of the equity of the company, and as Veridium's largest shareholder, I am thrilled with where we are and where we are headed. >>> from a PR in March 06.
Posted by RedScotchy on :
The original post is according to yahoo. Yahoo seems a tad behind.
Glad to see that my original post was incorrect on the share structure due to the great volume we've seen this week.
Posted by Johnwayne on :
Gapping already boys! 12x121
Posted by Peaser01 on :
I just called CEO Kevin Kreisler at 646-792-2634 to inquire about the current A/S, O/S, Float.
I had to leave a message, so hopefully I will get a call back today.
Posted by Johnwayne on :
Strange... doesn't look like much of a gap. Gotta hope for steady move up now.
Posted by Peaser01 on :
Hopefully it won't gap, or at least close the gap right from the open today IMO.
Posted by Johnwayne on :
Yeah that gap Tuesday really killed us. Awful quiet around here Peaser.
Posted by RedScotchy on :
Ethanol Shifts Share Prices Into Overdrive
By SCOTT KILMAN April 13, 2006; Page C1
Wall Street is pumped up about ethanol.
The gasoline substitute emerged as a grass-roots investment movement last year, with farmers raiding their savings to build plants that convert corn into the renewable fuel. Now mutual-fund managers and well-heeled investors are grasping for any stock with the slimmest connection to ethanol.
With soaring gasoline prices, the spot price of ethanol -- an alcohol-based alternative fuel that is blended with gasoline -- has doubled over the past 12 months to about $2.65 a gallon. The Bush administration has been plugging ethanol in recent months, saying it could help break America\'s crude-oil addiction. Adding to the froth, billionaire Bill Gates has become an ethanol booster.
"It looks like a rush to me," said Elif Acar, a credit analyst at Standard & Poor\'s, which rates the ethanol industry as "speculative."
"I\'m not sure the long-term prospects are being weighed," she said.
U.S. ethanol makers are either small parts of sprawling companies, start-ups or private concerns. So investors are flocking to a few stocks, sending their prices soaring. So, where does an average stock picker get in, since everyone is elbowing for a narrow doorway?
At the top of the heap is Archer-Daniels-Midland. Even though ethanol generates only about 5% of its revenue, shares in the Decatur, Ill., grain-processing titan have climbed about 50% so far this year, swelling its market value to more than $24 billion. In New York Stock Exchange composite trading at 4 p.m. yesterday, ADM\'s shares were at $37.39, up 84 cents, or 2.3%.
The run-up is largely because it is the biggest and most seasoned ethanol maker in a fledgling and fragmented industry. ADM produced about one billion gallons of fuel ethanol last year, roughly a quarter of the industry\'s production. It also plans to build a corn-to-ethanol mill in Columbus, Neb., capable of making 275 million gallons annually, eclipsing the capacity of its closest rival.
Hoping to cash in on investor interest, VeraSun Energy, of Brookings, S.D., and Aventine Renewable Energy Holdings, of Pekin, Ill., the second-largest and third-largest ethanol makers, respectively, both filed two weeks ago with the Securities and Exchange Commission to launch initial public offerings of their shares. The fourth-biggest producer is Cargill, the closely held commodity-processing titan in Minneapolis, which has plans to expand rapidly.
Impatient, some investors are snapping up shares of companies that merely have ethanol in their future. The stock of Andersons, a Maumee, Ohio, company with interests in grain, fertilizer and rail cars, began jumping two weeks ago as investors realized that it recently acquired stakes in three ethanol plants that are currently under construction. Since March 27, the market value of Andersons has swelled by about $145 million, or 28%, even though it has invested just $36.1 million in its ethanol holdings.
"Considering how fast the industry is growing, there just aren\'t that many places for investors to go in ethanol yet," said Neil Koehler, president and chief executive of Pacific Ethanol, an ethanol distributor that posted a net loss of $9.1 million in 2005 on sales of $87.6 million. The stock of the Fresno, Calif., company has nearly tripled since it announced in November that Mr. Gates, chairman of Microsoft, intends to invest $84 million in its plan to build five ethanol plants on the West Coast, giving him a 28% stake.
There are downsides. Ethanol makers, which generate about 3% of U.S. motor fuel, can do little to hedge their risks. They have a hard time passing along any rise in the cost of corn -- their single biggest expense in making the fuel -- because the price of ethanol is largely tied to the price of gasoline, since ethanol is primarily valued for its ability to substitute for the petroleum-based fuel.
That, in turn, is tied to the price of crude oil, which is currently high -- trading at close to $70 a barrel -- but difficult to forecast.
Wall Street, though, is mostly optimistic. For one thing, President Bush signed an energy act in August requiring the oil industry for the first time to use some renewable fuels to make motor fuel. The annual mandate grows to 7.5 billion gallons in 2012 from four billion gallons this year.
The energy measure also gave a sideways boost to ethanol. The measure denied the oil industry liability protection for a gasoline additive called MTBE, which many states are banning because of groundwater-pollution concerns. So oil companies are switching to ethanol, which, like MTBE, raises the amount of oxygen in gasoline so it burns clean enough to satisfy U.S. air-pollution standards. The switch could increase demand for ethanol by roughly two billion gallons annually, beginning this year, say ethanol executives.
By late January, a boom seemed under way to some stock analysts. Archer-Daniels-Midland reported that strong ethanol prices helped profit for the fiscal second quarter ended Dec. 31 rise by 17%, far in excess of Wall Street estimates. ADM also divulged that it has been diverting so much corn from its sweetener business to ethanol production that soft-drink companies had been forced to swallow stiff price increases for high-fructose corn syrup.
ADM has yet to capitalize fully on the recent run-up in ethanol prices. It sells much of its production under six-month-long contracts. Going forward, ADM should be able to lock in higher prices. "ADM has at least two years of growth ahead of it, unless gas prices collapse," said John McMillin, an analyst at Prudential Equity Group in New York. Mr. McMillin has ADM rated as "overweight," meaning he expects the stock to outperform the average of all the stocks he covers. He doesn\'t own any ADM shares, nor does Prudential Equity Group do any investment banking for ADM.
But the lofty price of ADM shares has some analysts concerned that the stock is attracting energy-oriented investors who might have unrealistic expectations for a company that is still mostly a maker of food ingredients, usually a thin-margin business.
Christine McCracken, an analyst at FTN Midwest Securities, worries that ADM\'s share price -- which is more than 20 times the average estimate of its per-share earnings for the fiscal year ending in June -- is getting too rich for a commodity processor. Over the past five years, ADM\'s shares have traded at 12 times its per-share earnings when profits were peaking. What\'s more, the shares of ADM\'s peer group are trading at a multiple of 13.5.
"I don\'t see it," said Ms. McCracken, who doesn\'t own any ADM shares, which she rates "neutral," essentially meaning hold.
Some economists are wondering whether the ethanol industry is growing so fast that it could be faced with a glut before too long. According to the Renewable Fuels Association, the ethanol trade group, 33 new plants are under construction and nine existing plants are being expanded. At this rate, the industry will have the capacity to make more than what Energy Department economists figure is needed for several years.
For ADM\'s part, Chief Executive and Chairman G. Allen Andreas figures the ethanol market has the long-term potential to grow to 15 billion gallons annually as the oil industry looks for ways to stretch capacity and the auto industry offers more vehicles that can run on an 85% ethanol blend
Posted by Peaser01 on :
Today's gap is now closed.
Posted by buzzygresham on :
should we be scared of this drop?
Posted by Johnwayne on :
Buzzy- I say yes. But I put so little in here I'm riding it out. INSQ and GSHF are down too.
Posted by superman7 on :
VRDM about to turn and ho up again!
Posted by RCAnalyst2007 on :
IFLB
Posted by Johnwayne on :
Buzzy- They do say never be concerned about the first 15 minutes of trading so let's see what happens. Looking better now.
Posted by edbri871 on :
I got a ton more at 9.7 cents.
Use the dips to sure up your position. This thing should continue to run for the next several months. The MMs are pushing it down, but it continues to pop back up.
Compared to other ethanol stocks VRDM is a bargain
Posted by Johnwayne on :
Something isn't right here. Normally i have to sell at the low of the day before it moves back up!
Posted by buzzygresham on :
i think i agree with edbri. i dont see how this couldnt run like crazy for quite a while
Posted by RCAnalyst2007 on :
I still don't feel good about it..Volatile behaviour.. Not a consistent trend.. That worries me.
Posted by Johnwayne on :
Anybody know if markets are open tomorrow?
Posted by RedScotchy on :
closed
Posted by Peaser01 on :
According to yesterday's and today's chart on VRDM. As long as it holds the minimum line, this should close at or above .135 today IMO.
Posted by Peaser01 on :
quote:Originally posted by edbri871: I got a ton more at 9.7 cents.
Use the dips to sure up your position. This thing should continue to run for the next several months. The MMs are pushing it down, but it continues to pop back up.
Compared to other ethanol stocks VRDM is a bargain
Nice pick-up.
Posted by superman7 on :
i knwo this is the wort time but i sold and am buying more IESV its unoticed ethonol play and will gain momentum too
Posted by Johnwayne on :
What a shake! I held through that. That is one of the first times I have held through a shake like that. And only did becuase I don't have alot in this. Sometimes it's better to be lucky than good I guess. Damn this is a tough game.
Buzzy you still in?
Posted by Johnwayne on :
Good luck Superman. Heck you've made me a ton of money this week so no hard feelings here. I might join you over there soon.
Posted by Johnwayne on :
.131 is 1st level reistence. If we can break through that the next level resistence is .147
Posted by NEL on :
If my settlement date on my VRDM purchase is 4/13/06 can I sell it today or do I need to wait until Monday?
Posted by Johnwayne on :
NEL- Depends on when your funds settled from the money you used to buy VRDM.
Posted by superman7 on :
thanks john i am buying up alot of IESV it is un-noticed so i think it gets some love soon atleast i hope it does Posted by Peaser01 on :
quote:Originally posted by NEL: If my settlement date on my VRDM purchase is 4/13/06 can I sell it today or do I need to wait until Monday?
.
If you bought VRDM with settled funds, you should be able to sell it at anytime. Call your broker to hear it from the horses mouth.
Posted by NEL on :
The funds to purchase VRDM settled on 4/12/06 even though I purchased VRDM on 4/10/06
Posted by Johnwayne on :
NEL- Than you can sell.
Posted by The Doc on :
Been watching IESV and looks ready....LOTS OF GREEN Times & Sales today!!
Posted by doling2005 on :
IESV is next buy both double your profits Posted by buzzygresham on :
what do we see for an HOD today?
Posted by Johnwayne on :
Having trouble braking through that .135 range. One more push should get us through
Posted by The Doc on :
Anybody think it would be a good idea to sell now and tke $$$$ to IESV?
Posted by Johnwayne on :
What do you think guys? I'm teetering here. A good recovery so far, is this just a typical morning pullback with a run coming this afternoon? Or has she pist her last drop?
Posted by RCAnalyst2007 on :
John,
I was in TKTJF this morning.. made %80 profit.
Check this out. American Bulls have BUY CONFIRMED for IFLB w w w. a m e r i c a n b u l l s .com
Posted by Golf57 on :
I think it would be a better idea if you purchased INSQ.
Posted by buzzygresham on :
we shaking or what?
Posted by superman7 on :
u guys IESV its going now VRDM money will come here!
Posted by The Doc on :
IESV leaving the station NOW...hurry!
Posted by Peaser01 on :
I'm holding through the weekend as long as this closes near .135 or above.
Posted by Johnwayne on :
I'm out buzzy. Reached my goal of 40% and than some.
Posted by RCAnalyst2007 on :
superman,
you're a good pumper
Posted by Johnwayne on :
Good luck to all on this. Almost 170% profit on this in one week is beyond my best hopes. I didn't want to risk getting too greedy.
Posted by RedScotchy on :
i'm out... 90% profit
Posted by KublaKhan on :
quote:Originally posted by RCAnalyst2007: superman,
you're a good pumper
And you're jealous.
Posted by superman7 on :
why would you call me a pumper i am bought this cause ethonol is hot and if u cant see that then u dont belong in pennies..you go stick with your IFLB and watch it go down..a piece of advice u have to wait till TASL gets of the ask he is diluting(i hope that is not pumping)
quote:Originally posted by RCAnalyst2007: superman,
you're a good pumper
Posted by lostone on :
superman, you think it's a good time to get into INSQ ? or what level u think is safe
Posted by RCAnalyst2007 on :
I didn't get in to IFLB because of your advice.. I did because the technicals are good. There is no reason for me to get jealous. I own so many stocks. I wasn't stuck to IFLB. Sold half of it. Instead of making 30-40% from VRDM, I found a better one TKTJF and made 80%. Now I got back in IFLB. Just check the L2. It's heating up.
Posted by superman7 on :
lostone...i honestly dont know it looks good but its run up too much for me to get in now but yeah i think it still has alot of room but not for me not yet
Posted by lostone on :
thanx superman.. i'll watch it a little bit.. i'm iffy about it too.. hope you see another big gainer soon.. so i can put the money to work..
Posted by superman7 on :
here goes IESV(whoops didnt mean to pump)
my .06 shres look good right now
this is another ethonol play that could be nice
Posted by next1 on :
We are going back to HOD. Could we break resistance today?
Posted by Johnwayne on :
Next1- This thing is nuts today. Who knows where it's going. Good luck.
Posted by next1 on :
HOD again...
Posted by edbri871 on :
Wow, really running now. AT $0.142 now.
I could see it hitting 16 cents by close if this keeps up.
Ethanol is hot and this stock still lags behind some of the other ethanols.
Posted by Peaser01 on :
Looking for a bounce at .125.
Posted by Peaser01 on :
My guess is a close around .134ish area
Posted by Peaser01 on :
Bouncin at .126 apparently.
Posted by edbri871 on :
Gonna get in on a little more at 12.7
SHoudl see it rebound by close.
Posted by Peaser01 on :
MM games IMO.
Posted by edbri871 on :
as long as it closes above yesterays close, I think monday should see significant gains
Posted by Peaser01 on :
Turned up from .119
Now back above .13.
Posted by letitrideboy on :
do I smell a late day run back to the high?
Posted by Peaser01 on :
It closed about where I thought it would.
Hopefully Monday will be good too. We closed on another new 52wk High today.
Posted by letitrideboy on :
I know! this is the part of the game that always gets me! Do I sell or do I stay in. Hell let it ride! Staying in!
Posted by Peaser01 on :
Or are we closed for Rabbit Day???
Posted by maumee river rat on :
Guess I'll go fishin' !!
Have a nice weekend!!
Posted by Peaser01 on :
Hey maumee, check out the Ethanol IPO Hot stocks thread, I have a question for you over there.
Posted by rob_seller on :
Thanks for the news!!!!
Corn Oil Extraction Yields New Benefits for Ethanol Producers April 12, 2006
Several ethanol producers have recently placed orders with Veridium Corporation for the use of a technology that extracts corn oil from distiller's dried grain, an ethanol by-product. The ethanol plants sell the extracted corn oil back to Veridium for additional revenue. Veridium, in turn, sells the corn oil to Mean Green Biofuels, Inc., which is currently selling the corn oil on the open market, but eventually plans to convert the corn oil into biodiesel. Veridium has received five orders for its Corn Oil Extraction Systems, which it installs at no cost in exchange for buying back the corn oil at below-market costs. The company has installed a system at an ethanol plant in North Dakota, and plans to install systems at ethanol plants in Illinois, Minnesota, and Wisconsin later this year.
Veridium estimates that the five Corn Oil Extraction Systems now under order could produce as much as 9.7 million gallons of corn oil per year, which the company will sell for more than $1 per gallon. According to the company, the distiller's dried grain produced by today's ethanol industry contains roughly 300 million gallons of corn oil, 75 percent of which can be removed by the extraction process. Once extracted, the corn oil can be converted gallon for gallon into biodiesel. The company says the corn oil extraction process also increases ethanol plant efficiencies, since it reduces the energy required for drying the distiller's grain, which is sold as cattle feed. See the Veridium press releases and the description of the technology on the Mean Green BioFuels Web site.
Posted by next1 on :
Bids are up already this morning
Posted by edbri871 on :
I think this one could approach 16-17 cents today
Posted by Peaser01 on :
News Out!!
Posted by Peaser01 on :
Veridium Receives Sixth Order for New Ethanol By-Product Recovery Technology; System to Bring Company to $8.4 Million In Annualized Revenues From New Clean Technology
NEW YORK--(BUSINESS WIRE)--April 17, 2006--Veridium Corporation (OTC Bulletin Board: VRDM) today announced its receipt of an order from an Iowa based ethanol producer for the use of Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). The new system is scheduled for installation later this year at the Iowa ethanol production facility, where it is expected to extract corn oil at a rate of about 1.2 to 1.5 million gallons per year.
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is not based on licensing or outright equipment sales, but rather on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices. Veridium will purchase and sell the extracted corn oil and generate an estimated $1.4 million to $1.8 million in annualized revenues from this one system once it has been installed.
The new order brings Veridium's expected total annualized ethanol oil recovery sales to between $8.4 million and $10.8 million per year.
David Winsness, chief executive officer of Veridium's industrial design division, stated that "ethanol is a basic commodity and we need more of it. While the industry builds out increased production infrastructure with new facilities, our patent-pending Corn Oil Extraction Systems(TM) and other proprietary technologies have been specifically engineered to help ethanol producers enhance production out of their existing plants in cost-effective and rapid ways. We are grateful and excited to have the opportunity to provide our ethanol clients with innovative and cost-effective options as they meet the increased demand for this valuable commodity."
About Veridium's Corn Oil Extraction System(TM)
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
-- Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced;
-- High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG;
-- Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
-- Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and,
-- Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods.
Pictures and video of the new Veridium technology are available online at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
-- Reduce the volume of waste generated by residential and commercial consumers;
-- Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Veridium Corporation Investor Relations 888-870-9197, ext. 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast, Inc. for Veridium CorporationEd Lewis, 212-732-4300
SOURCE: Veridium Corporation
Posted by edbri871 on :
15.5 cents, could really run on the latest news!
Posted by next1 on :
And up we go again!
Posted by letitrideboy on :
weeeeeeeeeeeeeeeeeeeeeeeeeee!
Posted by letitrideboy on :
.20 yesssssssssss I got in at .09....when to sell when to sell? AHHHHH!
Posted by deleet on :
more than 51% so far today.
weeeeeeeeeeeeeeeeeeeeeee
Posted by deleet on :
correction, 54.55%
this thing just keeps goin
Posted by edbri871 on :
I am also in on 55,000 shares at 9 cents. Personally I am not looking to sell for a while. My traget is about 65 cents or so in the shortrun. Ethanol is hot and will only get hotter as oil stays high. VRDM is the future folks. We are looking at a $10 stock in 2 years probably
Posted by deleet on :
up over 74% just today. Is anyone smiling as much as i am?
Posted by edbri871 on :
It just hit the 2nd pivot point of resistance. Could break out big time within an hour
We'll see
Posted by deleet on :
lookin good, over 81%
Posted by deleet on :
im out at 0.244. Made like 80% profit. It may go up a little more but $1600 dollars in one day is some good bank for me.
Still playing other ethanol stocks which are climbing fast.
Posted by Peaser01 on :
If it holds true to today's chart, it should bounce around .225 IMHO.
Posted by deleet on :
yep, its at .225 right now. dipping a bit. Glad i sold when i did. I would be interested in buying some more if the dip becomes bigger.
Posted by deleet on :
I got back in as it dipped.
Posted by Peaser01 on :
We might see another run now that it's West Coast lunch time.
Posted by Peaser01 on :
Nice .26 prints
C'mon .30! lol
Posted by edbri871 on :
This is a stock that one should hold onto for the long run. In 2 years from now this is somethign that could very well be trading in the $20-$30 range if not more.
Posted by Zosyn on :
With all this buying pressure at EOD it's sure to gap up tomorrow am! Ohhhh, a PR tonight would be so great!!!
Posted by macdrsirules on :
This one is unbelievable!!!!!!!
Posted by 100prcent on :
YAY!!!!!!!!! I made a ton on this one. Today was the day to run. Bought in at .03 about a month ago, let it go at .273 today. Would get back in this if it drops a bit. GL to all who are still in.
Posted by coolnwo on :
Today
20k at .147 10k at .14 10k at .22
Profit $4280 not bad for the day. Will be holding for .30 tomorrow IMO
Posted by rob_seller on :
Man this thing is relentless.............. Watch this fly in am
Posted by LuckyLundy on :
Bought on Friday, sold half this afternoon for the 1 bagger and riding them free shares!
Lucky
Posted by paulbest on :
I bought in at 29, if I can get 37 tomorrow I'm selling out.
Posted by Peaser01 on :
News Out!
Posted by Peaser01 on :
Veridium Amends License Agreement for Exclusive Rights to CO2 Bioreactor Tuesday April 18, 9:44 am ET Technology Enables Cost-effective New Supply of Ethanol Feedstock
NEW YORK--(BUSINESS WIRE)--April 18, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its execution of an amended license agreement with Ohio University ("Ohio") for its patented bioreactor process for reducing greenhouse gas emissions from fossil-fuelled combustion processes.
Veridium's original license with Ohio provided for non-exclusive rights to the technology for the purpose of processing exhaust gas streams from electrical utility power generation facilities, and exclusive rights to the technology for applications involving all other sources. The amended license agreement increases the scope of Veridium's license to provide for exclusivity in all applications, including electrical utility power generation facilities.
Veridium's bioreactor technology is simple, robust and scalable, and was originally designed to reduce greenhouse gas emissions from fossil-fueled combustion processes. The technology is based on a new strain blue-green algae discovered thriving in a hot stream at Yellowstone National Park. The algae use the available carbon dioxide, water and light to grow new algae, giving off pure oxygen and water vapor in the process. Once the algae grow to maturity, they fall to the bottom of the bioreactor where the algae can be harvested for further refining several times per day.
A prototype of the technology was built that is capable of handling 140 cubic meters of flue gas per minute, an amount equal to the exhaust from 50 cars or a 3 megawatt power plant.
New Feedstock for Ethanol Production
Ethanol is made from starch-based feedstocks. The algae in the bioreactor convert exhaust carbon dioxide and sunlight into a biomass that is comprised of about 94% starch and about 6% oil. This exceeds the starch concentration in corn, the primary feedstock for domestic ethanol production today, which contains about 63% starch and 3-4% oil. Even more impressive is that the preliminary test data show a doubling of the biomass several times per day - a rate much faster than plants, and it does all of this on a footprint that is orders of magnitude less than the surface area required for crops.
Veridium's immediate focus for this technology is to deploy a commercial-scale pilot operation while seeking out qualified early adopters for deployment of the technology in the ethanol industry and in the traditional power generation industry.
"We have been focused on ethanol front for some time now and most of our current market development focus is on deploying technologies that enhance production efficiencies for existing ethanol facilities," said David Winsness, chief executive officer of Veridium's industrial design division. "Our bioreactor technology is just one of several such technologies that we plan to roll out this year."
Earlier this year, Veridium filed for patent protection on its BioStarch Recirculation System(TM) - an implementation of Veridium's bioreactor technology that routes exhaust carbon dioxide from the fermentation stage of ethanol production facilities through a bioreactor that is specifically designed to be integrated with existing ethanol facilities.
"We believe that finding ways to rapidly squeeze more supply out of the existing production infrastructure is a critically necessary objective," said Winsness. "In conventional ethanol production, almost a third of the mass of the corn ends up in the form of exhaust. Our view is that carbon dioxide exhaust is a valuable resource that can be used to increase the current output of host ethanol facilities, and we think that we are going to see considerably more than 10% gains in production out of existing ethanol facilities with our patented and patent-pending technologies."
Conversion of Power Plant Exhaust
Winsness added: "Demand for ethanol is increasing and we believe that it will continue to exceed supply for the foreseeable future. We also believe that the rate of the increasing demand will continue to outpace the rate of the increasing supply while we wait for new ethanol facilities to be built. While bringing our technologies to the ethanol industry remains our primary focus, we are also seeking out new low-cost and near-term sources of ethanol supply. We believe that the power generation industry is a perfect candidate for this given the capabilities of our bioreactor technology and we are excited to now have the exclusive rights to the underlying technology."
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
Reduce the volume of waste generated by residential and commercial consumers; Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, Increase the cost-efficiency of processing certain types of industrial wastes. Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: Veridium Corporation Investor Relations 888-870-9197 - Extension 291 Fax: 646-792-2636 investorrelations*veridium.com www.veridium.com or CEOcast, Inc. for Veridium Ed Lewis, 212-732-4300
-------------------------------------------------------------------------------- Source: Veridium Corporation
Posted by Stockstar69 on :
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
I got in GSHF..There is a lot of potential with both of these stocks.
Posted by binsleep on :
Why the big selloff this AM? Where do you guys see this going?
Posted by paulbest on :
When I chased this st yesterday and had to but at 29 cents, I told myself, now tomorrow it will drop and I'll lose yet another few K's. I lost half my wife's $8K acct in RSHN + VRDM GOOOOOOOOOOOOOOOOO JPHC heheee Thanks Ohio
Paul Baton Rouge
Posted by Zosyn on :
Looks like a possible bounce here...
Posted by edbri871 on :
wow, I didn't expect this.
Got out at 23.5 cents luckily
Think it will rebound though
Posted by trade04 on :
run over needs to find a bottom, buy sttk its a bottom, im buying now
Posted by commoditie on :
Here we go, I think that was bottom * .204
Posted by commoditie on :
WOW strong buying going on. Should at least retrace .29 easy.
Posted by Zosyn on :
wasn't there a pr this am?
Posted by commoditie on :
Huge Bio news: NEW YORK, Apr 18, 2006 (BUSINESS WIRE) -- Veridium Corporation (OTC Bulletin Board: VRDM) today announced its execution of an amended license agreement with Ohio University ("Ohio") for its patented bioreactor process for reducing greenhouse gas emissions from fossil-fuelled combustion processes. Veridium's original license with Ohio provided for non-exclusive rights to the technology for the purpose of processing exhaust gas streams from electrical utility power generation facilities, and exclusive rights to the technology for applications involving all other sources. The amended license agreement increases the scope of Veridium's license to provide for exclusivity in all applications, including electrical utility power generation facilities.
Veridium's bioreactor technology is simple, robust and scalable, and was originally designed to reduce greenhouse gas emissions from fossil-fueled combustion processes. The technology is based on a new strain blue-green algae discovered thriving in a hot stream at Yellowstone National Park. The algae use the available carbon dioxide, water and light to grow new algae, giving off pure oxygen and water vapor in the process. Once the algae grow to maturity, they fall to the bottom of the bioreactor where the algae can be harvested for further refining several times per day.
A prototype of the technology was built that is capable of handling 140 cubic meters of flue gas per minute, an amount equal to the exhaust from 50 cars or a 3 megawatt power plant.
New Feedstock for Ethanol Production
Ethanol is made from starch-based feedstocks. The algae in the bioreactor convert exhaust carbon dioxide and sunlight into a biomass that is comprised of about 94% starch and about 6% oil. This exceeds the starch concentration in corn, the primary feedstock for domestic ethanol production today, which contains about 63% starch and 3-4% oil. Even more impressive is that the preliminary test data show a doubling of the biomass several times per day - a rate much faster than plants, and it does all of this on a footprint that is orders of magnitude less than the surface area required for crops.
Veridium's immediate focus for this technology is to deploy a commercial-scale pilot operation while seeking out qualified early adopters for deployment of the technology in the ethanol industry and in the traditional power generation industry.
"We have been focused on ethanol front for some time now and most of our current market development focus is on deploying technologies that enhance production efficiencies for existing ethanol facilities," said David Winsness, chief executive officer of Veridium's industrial design division. "Our bioreactor technology is just one of several such technologies that we plan to roll out this year."
Earlier this year, Veridium filed for patent protection on its BioStarch Recirculation System(TM) - an implementation of Veridium's bioreactor technology that routes exhaust carbon dioxide from the fermentation stage of ethanol production facilities through a bioreactor that is specifically designed to be integrated with existing ethanol facilities.
"We believe that finding ways to rapidly squeeze more supply out of the existing production infrastructure is a critically necessary objective," said Winsness. "In conventional ethanol production, almost a third of the mass of the corn ends up in the form of exhaust. Our view is that carbon dioxide exhaust is a valuable resource that can be used to increase the current output of host ethanol facilities, and we think that we are going to see considerably more than 10% gains in production out of existing ethanol facilities with our patented and patent-pending technologies."
Conversion of Power Plant Exhaust
Winsness added: "Demand for ethanol is increasing and we believe that it will continue to exceed supply for the foreseeable future. We also believe that the rate of the increasing demand will continue to outpace the rate of the increasing supply while we wait for new ethanol facilities to be built. While bringing our technologies to the ethanol industry remains our primary focus, we are also seeking out new low-cost and near-term sources of ethanol supply. We believe that the power generation industry is a perfect candidate for this given the capabilities of our bioreactor technology and we are excited to now have the exclusive rights to the underlying technology."
Posted by lostone on :
think we'll hit the .30's today?
Posted by commoditie on :
Lots of buys coming in on L2
Posted by binsleep on :
Having problems getting over that .29 hump. Someone give the 'ol girl a push would ya? Posted by lostone on :
.29 is a tough one..
Posted by lostone on :
yes! broke the .29 ... up up and away
Posted by lostone on :
how's the L2 look? from my last buy streaming chart, looks like a lot of buys
Posted by lostone on :
i think that might be the last major dip, the lunch dip.. should rocket after that
Posted by binsleep on :
What a crazy ride.
Posted by lostone on :
yea, ouch.. it was a good buy in dip tho..
Posted by Johnwayne on :
She's waking up boys!
Posted by Peaser01 on :
Pennant forming.
Posted by lostone on :
crap.. damn.. i guess consumer confidence is low.. why the sell off..
Posted by binsleep on :
You guys watching the same stock I am? Very yucky EOD here.
Posted by Johnwayne on :
Yeah it woke up all right... then farted, rolled over and fell back asleep. Who can figure these ethanol plays out?
Posted by binsleep on :
Johnwayne: LOL! Posted by Apollyon on :
quote:Originally posted by Johnwayne: Yeah it woke up all right... then farted, rolled over and fell back asleep. Who can figure these ethanol plays out?
sounds like my wife... every night
Posted by Zosyn on :
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 39372586
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 20165270
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 10329813
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.2160 0.1227 0.2447 0.3667
Hmmm, not what I would've thought, but I'll take it!
Posted by deleet on :
i sold this one and 2 other ethanol stocks in the AM. All three dropped considerably for the day so i guess i did the right thing.
Posted by Peaser01 on :
Big board Ethanol stocks are up in pre-market today.
Hopefully it will carry over to the pennies. Posted by Zosyn on :
well it's official, gas here in wester new york is now $3 a gallon.
This confirms that the ethanol stocks will continue to do well....for how long, i dunno, but for now, they're still hot!
Posted by Stockstar69 on :
I think this is just the beginning. Unless the government drops the gas tax or something major happens I don't forsee it coming back down any time soon. A hurricane or politacal issue could push it over the edge and we could be looking at $4.00 per gallon OR MORE in the next few months.
Posted by Opethian on :
buyable here?
Posted by lostone on :
this blows..
Posted by buzzygresham on :
bottom here?
Posted by lostone on :
looks like it's bottom.. big fat green on the streaming chart.. that doesn't have to mean anything, but i would think it's a signal for buys now
Posted by lostone on :
hope those who wanted to buy caught it early
Posted by Peaser01 on :
Bounced off support of .185.
Posted by lostone on :
now we're talking..
Posted by lostone on :
Broke the day's high
Posted by lostone on :
anyone seeing how it is on L2?
Posted by ldbobby on :
B: 2x.235 1x.232 2x.231 A: 2x.235 1x.236 1x.237 as of 11:14
Posted by buzzygresham on :
any opinions on where this one might go by EOD.
Posted by cassity on :
I think there will be a nice EOD run and it will finish close to .30
Posted by paulbest on :
quote:Originally posted by cassity: I think there will be a nice EOD run and it will finish close to .30
What makes you think so. I see close at EVEN. Then what about tomorrow? I see little real gains this week for VRDM
Posted by lostone on :
wow, don't know if close is that bad or not, it evened out.. but i guess it's on the good side cuz it evened out while going up... will prolly gap tomorrow morning then..
Posted by paulbest on :
"I see close at even" closes at -.006. Thats as close to even as you're gonna get.
Posted by Livinonklendathu on :
Stock is holding 61.8% Fib retracement which is .21 - 2 days close at this level - tomorrow will be interesting to see if it bounces up from this or falls through it. Next Fib 50% / .18.
Posted by Peaser01 on :
Veridium Receives Order from South African Ethanol Producer for Corn Oil Extraction Technology Thursday April 20, 7:30 am ET
NEW YORK--(BUSINESS WIRE)--April 20, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its receipt of an order from Ethanol Africa for the use of Veridium's patent-pending Corn Oil Extraction System(TM) at Ethanol Africa's new Bothaville, South Africa
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). Veridium's technology has the capability of removing up to 75% of the corn oil from within the DDG in two stages.
The first stage extracts 1.1 to 1.3 million gallons per year and corresponds to about 30% of the corn oil in the DDG for a 40 million gallon per year facility. The second stage of the Veridium technology recovers another 30% to 45% of the corn oil in the DDG, corresponding to another 1.2 to 2.2 million gallons of corn oil per year out of a 40 million gallon per year ethanol facility. 3 million gallons per year of high grade corn oil converts to 3 million gallons per year of biodiesel. This equates to a 7% increase in fuel production out of a 40 million gallon per year ethanol facility, and a significant increase in plant productivity out of the plant's existing infrastructure.
The new Ethanol Africa order is for the first stage of Veridium's technology and the system is expected to be installed in line with the onset of operations at Ethanol Africa's new Bothaville, South Africa ethanol production facility later this year. Ethanol Africa is headquartered in Bothaville, South Africa, and intends to build eight 40 million gallon per year ethanol production facilities.
"Rising fuel prices and greenhouse gas emissions are global issues, and we are hopeful that this order will be our first of many such international orders for our ethanol process technologies," said David Winsness, chief executive officer of Veridium's industrial design division. "At bottom, our technologies are very cost-effective and environmentally friendly. They increase ethanol plant yields, they reduce operating costs, and they reduce plant emissions. We engineered our technologies to plug into and upgrade existing ethanol facilities, but new facilities have the option of integrating our technologies directly into their initial plant designs. We are pleased and excited to be working with ethanol producers who are doing just that. Ethanol Africa is progressive company and we are grateful for the opportunity to work with them on their first and future ethanol facilities."
About Veridium's Corn Oil Extraction System(TM)
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced; High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG; Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities; Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and, Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods. Pictures and video of the new Veridium technology are available online at www.veridium.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
Reduce the volume of waste generated by residential and commercial consumers; Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, Increase the cost-efficiency of processing certain types of industrial wastes. Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: Veridium Corporation Investor Relations, 888-870-9197 ext. 291 Fax: 646-792-2636 investorrelations*veridium.com www.veridium.com or CEOcast, Inc. for Veridium Ed Lewis, 212-732-4300
-------------------------------------------------------------------------------- Source: Veridium Corporation
Posted by bion on :
Are we going to see this take a jumpin the "up" direction today?
Posted by Zosyn on :
seems like a fluff pr to me.
Posted by Peaser01 on :
Updated Numbers From Ameritrade:
Market Cap 52,300,040 Shares Outstanding 243,256,000
Posted by Zosyn on :
well....gapping up!
Posted by binsleep on :
How does level 2 look on this one?
Posted by binsleep on :
Think this will break 3 cents today?
Posted by commoditie on :
great news this morning
Posted by commoditie on :
little bit of a shake, should see .30 by 8:30
Posted by lostone on :
quote:Originally posted by Zosyn: seems like a fluff pr to me.
i don't get it, why is that PR a fluff? it's an order..
Posted by buzzygresham on :
i was wondering the same thing lostone
Posted by commoditie on :
Not a Fluff to me. Sounds like solid info.
Posted by commoditie on :
Shake is over
Posted by lostone on :
two shakes within less than 15 minutes.. dang..
Posted by edgewise on :
I bought in high. .27 and .2605. But I have a feeling that this thing will see .35 either by EOD or tomorrow morning, so I'm not feeling too bad.
Posted by letitrideboy on :
wondering if i should get back in, got in at .09 sold at .22 and I am in BLDV right now. Decisions decisions
Posted by buzzygresham on :
i hope you are right edge
Posted by edgewise on :
I hope I'm right, too.
Posted by edbri871 on :
Letitride, I got in at 9 cents as well and sold at 22 but kept half my shares. Posted by letitrideboy on :
hah I was going to keep half myself! Thats funny. Kind of wish I had now!
Posted by lostone on :
these biofuels should work harder at selling to the other countries.. those who can't afford much oil.. if they direct their business in that direction.. it would be awesome
Posted by letitrideboy on :
isn't it brazil that is independant of Oil now?
Posted by commoditie on :
Letitride and ed Wow.... .09 that is awsome. Great job.
Posted by edgewise on :
yey.. it's back up to my top buy-in point. keep it goin! i'm honestly thinking .35 will be seen today.
Posted by lostone on :
this has got to be the month of the biofuels or something.. lol.. a new one popped out today, ACMG.. omg..
Posted by edgewise on :
On second thought.. This thing likes moving so much, I might even just hold some of my shares past .35. This thing runs so well with news. Just wish I had gotten in cheaper. But w/e. Gain is gain.
Posted by binsleep on :
Rising nicely, let's hope the momentum continues.
Posted by Peaser01 on :
someone interpret that 8-k.. i'm having mixed feelings about it..
Posted by Peaser01 on :
Cornell bought $4.4 million in shares is what I got from the 8-K.
Posted by Peaser01 on :
This needs to hold above .25 here or it could see .23 by close IMO.
Posted by binsleep on :
I hopped outta this one until it decides what it wants to do. The pattern looks much like it did yesterday, so I would expect a lower close from here unless there is increased buying pressure towards the EOD.
Posted by paulbest on :
quote:Originally posted by binsleep: I hopped outta this one until it decides what it wants to do. The pattern looks much like it did yesterday, so I would expect a lower close from here unless there is increased buying pressure towards the EOD.
I think you got it about right.
Posted by Johnwayne on :
Cornell provided financing for this? No comment.
Posted by Peaser01 on :
I hear ya Johnwayne.
Posted by Johnwayne on :
Glad somebody caught my drift.
Posted by CRab on :
Is Cornell a bad thing?
Posted by BuyTex on :
traditionally, Cornell the kiss of death due to toxic financing...somebody posted awhile back that they changed their tune, but I've never seen any evidence of a change.
Posted by CRab on :
Ohhh...thanks
Posted by Johnwayne on :
Buzzy are you still in this?
Posted by buzzygresham on :
no, i got it at 215 and sold at 255 John
Posted by edgewise on :
This thing's gapped up about 13 out of the past 16 days... Going by how much this thing likes to move, I think it could see the .40's by next week.
The only thing that concerns me is the RSI, sitting at about 75.
Thoughts?
Posted by Johnwayne on :
Edegwise- You may be right but don't stay in long.... Cornell is about to start shorting it to death IMO. I don't know how soon Cornell starts their game after they finance a company but I would assume it won't be long. Good Luck all.
Posted by osuidoc on :
such low volume on this one - i'm out at 0.21
Posted by binsleep on :
It's traded 5 million shares in a half an hour! Low volume? Posted by osuidoc on :
oops, meant it looks like its not trending
Posted by binsleep on :
That, I'll give you Posted by Peaser01 on :
I don't think this one is done.
I'm still holding 20,000 shares.
I doubt VRDM sees .22 again today.
If it gets through .235 today, Monday should be good IMO.
Posted by Peaser01 on :
I drew a few lines on the three day chart and from the lines that I drew, I believe that this starts turning back up around 1:30 - 2pm today.
Posted by edgewise on :
I'm with ya, Peaser. I got 6800 shares only, bought at .2605 and .27.
Just waiting.
Posted by BULListic on :
Someone just bought $57,000 worth!
I'm back in at .23 .....
Posted by Peaser01 on :
Starting to move now.
Posted by Zosyn on :
way to go with the prediction peaser! did you draw fibonacci lines?
Posted by gumby17 on :
Not sure if this was previously posted or not but this bodes well for VRDM and the ethanol stocks..................after you read this you may feel like placing an order...
April 10, 2006 Analyst Sees Short Ethanol Into Mid-2007 An industry analyst said he expects ethanol demand to increasingly outstrip supply this year and only come back into balance sometime in the latter half of 2007. It is also unlikely that much foreign-made ethanol, regardless of the import duty level, will be available to fill the gap. The numbers don't lie, veteran industry analyst Ed Swinderman, senior vice president of Vertical North America, told attendees of the OPIS Ethanol and Biodiesel Management course held recently in Chicago. The United States used about 150,000 b/d of MTBE in gasoline last year and petroleum companies now in a dash to halt MTBE use by the early May end of the federal oxygenate requirement in reformulated gasoline will have to scramble to make that up this year. That 150,000 b/d of MTBE use translates to about 2.3 billion gal of motor fuel volume that refiners have to cover, but ethanol production is expected to add something in the order of only 500 million gal by June of this year and 1 billion gal by the end of 2006. Impressive as the gains in ethanol production have been and will be this year, the numbers indicate a volume shortfall of about 1.5 billon gal on average in 2006 versus 2005, said Swinderman. That suggests for the balance of the year refiners and blenders will be bidding up the price of ethanol to well over historical premiums to gasoline as they chase supply for new blending markets. "Spot ethanol pricing should be firm through this year with the shortage," warned Swinderman. Ethanol demand will be intensified by the need for octane, which Swinderman also expects to be short due to the loss of MTBE in the system. He does anticipate conversion of some MTBE-making capacity to isooctane and isooctene production to eventually alleviate the octane shortage. For example, MTBE producer Lyondell could supply some 22,000 b/d of isooctene, with Valero adding another 14,000 b/d and Enterprise perhaps some 12,000 b/d of isooctane -- that would cover some 50,000 b/d of high-octane blend components. The scenario would have the U.S. coming back into octane balance sometime around July 2007, said Swinderman. Second-half 2007 is also about the time Swinderman expects to see ethanol prices beginning to trend lower, particularly in its relationship to gasoline. Ethanol's big premiums to gasoline should start to subside nearer to more historical levels in the order of 35-45cts/gal as more new production comes online. Farther out, the current rush to invest in ethanol production will continue to bear fruit in 2008 -- so much so that it could begin to weigh on ethanol values. "In 2008, [ethanol] pricing should begin a significant downtrend because of oversupply," predicted Swinderman. The result: by mid- 2008 or so ethanol spot prices could once again dip under those for front- month NYMEX gasoline. Even though demand from refiners and blenders will likely move beyond the federal RFS requirement schedule, so will ethanol production. By 2009 ethanol output could go well beyond demand, adding increasing downward pressure on ethanol prices. Meanwhile, despite considerable import talk, Brazilian ethanol is unlikely to be able to fill the shortfall developing this year in U.S. supply. Even if the U.S. did waive its 54cts/gal duty on ethanol imports, Brazil may not have much to ship, said Swinderman. High sugar prices could lower Brazil's export capacity by 5%-10% this year. "About 80 million gal of direct sales to the U.S. for anhydrous [ethanol] have been made so far this year," noted Swinderman. "The total could reach 150 million gal." High prices could also draw product from far away sources, but volume will be slim. While Caribbean ethanol shipments to the U.S., which can avoid the 54cts/gal duty under Caribbean Basin Initiative trade rules, might ship up to 150 million gal this year -- up nearly 50% from 2005 -- some incremental hydrous material could be sourced from China or India.
Posted by Apollyon on :
quote:Originally posted by Peaser01: I drew a few lines on the three day chart and from the lines that I drew, I believe that this starts turning back up around 1:30 - 2pm today.
nice call P, you're on the money, this thing is heading north
Posted by Zosyn on :
On fox news' homepage...
"Pumps Run
DryGas shortage hits East CoastFrom Virginia to Massachusetts, shortages sparked as water-polluting additive phased out"
Posted by Zosyn on :
Gotta love ethanol...great for drinking and great for running your car!!!
Posted by edgewise on :
ahh, sooo nice.
keep it comin'
.35 by monday/tuesday is what i'm hoping for.
Posted by Peaser01 on :
quote:Originally posted by Zosyn: way to go with the prediction peaser! did you draw fibonacci lines?
Thanks, I'm not sure what they're called. lol. I learned on the fly over the last year. Got my own system which seems to be pretty efficient.
Posted by Peaser01 on :
quote:Originally posted by Apollyon:
quote:Originally posted by Peaser01: I drew a few lines on the three day chart and from the lines that I drew, I believe that this starts turning back up around 1:30 - 2pm today.
nice call P, you're on the money, this thing is heading north
Thanks Apollyon.
Posted by gumby17 on :
Another clip for interest..... Bill Gates is investing in ethanol!!!!!
As the demand for gasoline rises, pushing up pump prices and spreading smog, the ancient corn plant is generating a high-octane buzz among investors optimistic about the grain's potential as fuel.
Across the Midwest, farmers are building facilities to turn corn into clean-burning ethanol fuel. Bill Gates recently bought a quarter of California renewable-fuel producer Pacific Ethanol. And two weeks ago, two ethanol companies sparked life into the market for initial stock offerings by filing to go public.
Still, for most investors, participating in the market for crop-based fuels is challenging. Currently, most ethanol firms are private. Those that do offer stock for sale are often unprofitable and their shares are trading at multi-year highs.
Even ethanol boosters consider it reckless to devote a large chunk of one's portfolio to the sector. Nonetheless, given projections for continuing sharp growth in demand for biofuels, ethanol could make sense as a small holding.
If you're itching to invest in a risky but hot and environmentally friendly niche, here's what to look for.
Posted by pepa z depa on :
quote:Originally posted by Johnwayne: Edegwise- You may be right but don't stay in long.... Cornell is about to start shorting it to death IMO. I don't know how soon Cornell starts their game after they finance a company but I would assume it won't be long. Good Luck all.
Why should they start shorting company, when they just bought their shares? I dont get it, can you please explain it?
Posted by Zosyn on :
hopefully this hydrogen car talk over the weekend will boost up the ethanol sector as well on Monday. Yaah, hydrogen and ethanol are not the same thing, but they both fit under the "alternative fuel" scheme AND ethanol is 1) used today as an additive 2) much more available than H2 (infrastructure wise) and 3) currently cheaper to produce.
we'll see...
Posted by trade04 on :
cornell is funding this stock? damn...
Posted by BuyTex on :
Cornell proven? please repost the link...
Posted by redmax on :
Holy smoke. Look at the gap up!
This thing is gonna explode out of the open.
Posted by indef on :
Veridium Receives Order for Tornado Generator Technology NEW YORK--(Business Wire)--April 24, 2006-- Veridium Corporation (OTC Bulletin Board: VRDM) today announced its receipt of an order from a petrochemical company for the use of Veridium's patented Tornado Generator(TM) technology. While the terms of the order and the specific details are required by Veridium's client to remain confidential, the technology will be generally used to enhance the operating efficiency and reduce the environmental impact of conventional oil extraction and refining operations. 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. Veridium has granted exclusive right of first refusal manufacturing rights to INSEQ Corporation (OTC Bulletin Board: INSQ) for the manufacturing of the equipment required to implement Veridium's technologies. INSEQ is expected to manufacture the current Tornado Generator(TM) system in addition to Veridium's eight previously announced Corn Oil Extraction Systems(TM) and two DAF Recycling Systems(TM) over the course of this year. Veridium and INSEQ are respectively 70% and 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF) whose mission is to develop and support clean companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
About Veridium's Tornado Generator(TM)
Veridium's Tornado Generator(TM) accelerates compressed air to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate and atomize solid and liquid wastes and other materials into micron sized powders. The Tornado Generator(TM) is a completely contained system with no internal moving parts that is powered by compressed air. It can safely and cost-effectively and rapidly process a very broad array of wastes including agricultural wastes, municipal wastes, industrial wastes, and construction and demolition wastes. In its most basic mode of operation, the Tornado Generator(TM) can be used to dramatically reduce the volume of targeted wastes by about 90%, as well as the associated transportation and disposal costs. Pictures and video of Veridium's Tornado Generator(TM) are available online at www.veridium.com.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies. Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
-- Reduce the volume of waste generated by residential and commercial consumers;
-- Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Veridium Corporation Phone: 888-870-9197 - Extension 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast, Inc. for Veridium Corporation Ed Lewis, 212-732-4300
Copyright Business Wire 2006
Posted by Johnwayne on :
BuyTex- They filed an 8-k on 4/20 stating they entered into financial agreement with Cornell. Sorry I don't know how to post links, but I saw it on yahoo.
Posted by BuyTex on :
ahh, good find.
Just copy and paste the url...
Posted by pepa z depa on :
quote:Originally posted by Johnwayne: BuyTex- They filed an 8-k on 4/20 stating they entered into financial agreement with Cornell. Sorry I don't know how to post links, but I saw it on yahoo.
who is that Cornell, that everybody is scared of?
Posted by Johnwayne on :
Cornell is a financing company that specializes in sucking the life out of small businesses IMO.
Posted by pepa z depa on :
quote:Originally posted by Johnwayne: BuyTex- They filed an 8-k on 4/20 stating they entered into financial agreement with Cornell. Sorry I don't know how to post links, but I saw it on yahoo.
here it is: Effective April 13, 2006, Veridium entered into a Securities Purchase Agreement with Cornell Capital Partners, LP, under which Cornell purchased a Convertible Debenture in the amount of $4,400,000. The Debenture was issued as of April 13, 2006. Cornell paid the $4,400,000 purchase price on April 19, 2006.
The conversion price of the Debenture shall be equal to the lesser of $0.10 per share or the average of the three lowest closing market prices of the Company's Common Stock for the thirty days preceding conversion. Cornell will be entitled to convert the Debenture on the basis of the conversion price into Veridium common stock, provided that Cornell cannot convert into shares that would cause Cornell to own more than 4.9% of Veridium's outstanding common stock.
The Debenture will bear interest at 5% per annum. Accrued interest and the principal amount will be payable on April 1, 2009. Veridium's obligations under the Debenture are secured by a pledge of all of its assets, subject to Cornell's agreement to subordinate its security interest to any line of credit that Veridium obtains from a bank or other financial institution. The proceeds of the Debenture may only be used by Veridium to support the deployment by Veridium's wholly owned subsidiary, Veridium Industrial Design Corporation ("VIDC"), of its various technologies, specifically including VIDC's Corn Oil Extraction and CO2 BioReactor technologies.
Veridium will pay a commitment fee of $400,000 and a $55,000 structuring fee to Yorkville Advisors Management, LLC. Accordingly, Veridium will receive net proceeds of $3,945,000 upon issuance of the Debenture. Veridium will also issue to Cornell a five year Warrant to purchase 10,000,000 common shares at $0.10 per share, a five year Warrant to purchase 10,000,000 common shares at $0.15 per share, a five year Warrant to purchase 10,000,000 common shares at $0.20 per share, a five year Warrant to purchase 20,000,000 common shares at $0.25 per share, and a five year Warrant to purchase 25,000,000 common shares at $0.50 per share.
Veridium agreed to file with the Securities and Exchange Commission a registration statement to enable Cornell to resell to the public the common stock issuable on conversion of the Debenture and the common stock issuable on exercise of the Warrants.
I would like to invest in VRDM, but reading only negative talks abour Cornell, i am not really sure .
Posted by pepa z depa on :
quote:Originally posted by Johnwayne: Cornell is a financing company that specializes in sucking the life out of small businesses IMO.
wow. great day goin. up 13%
Posted by RedScotchy on :
wow 29 !
Posted by Zosyn on :
c'mon 0.3!!!!!!
Posted by redmax on :
29.5 We will easily see 30 cents today. Great news this morning, and more news to come.
Posted by Zosyn on :
i was expecting a dip at 0.285, but it held it's ground. i think we'll dip here at .295 for a bit due to profit taking, but then we'll take off again. acting very bullish today!!!
Posted by Stockstar69 on :
VRDM and it's parent GSHF are hot. Just think what COULD happen if the ports are knocked out with a hurrican like what happenned last year.
Posted by doling2005 on :
Anyone think this pushes over 30? If it does, it's off to the races
Posted by Zosyn on :
i don't think it will today, but it should by week end....
the sky is the limit for this one with rising oil prices. i think it's one of the better etoh companies out there (penny stock wise).
Posted by doling2005 on :
Turning up here..strong stock
Posted by doling2005 on :
Gonna go green Posted by doling2005 on :
KA BOOM were off
Posted by edgewise on :
damn.. i sold off this morning at .271, cuz it looked like it would do what it did last week where it'd keep falling. argh. at least i still made a little profit from it.
Posted by doling2005 on :
I had a feeling it would turn up due to tremendous up volume yesterday..at least you made a profit edge
Posted by doling2005 on :
if this does eventually pull back like it did in previous weeks, i'm gonna get back in then. my problem was i got in at .26 on the 20th, and after being down so much of the week, i was anxious to get down before it took another bad dip. after its dust settles, i see it comin' back to around .25 or so before the next run takes it into the 40s.
Posted by redmax on :
Just hit 30 cents. Could see some ncie movement now.
Posted by Zosyn on :
lets hope it stays above 30.
we need more volume too.
tomorrow could be a very big day!
Posted by doling2005 on :
Oh we have TREMENDOUS volume here...we're heading up to 40 now Posted by doling2005 on :
Over 31 million shares, someone big is accumulating this stock..go VRDM
Posted by Zosyn on :
at hod, let's see if we can punch through .305
Posted by doling2005 on :
Should gap up over 30 in the morning IMO
Posted by doling2005 on :
Just like yesterday, opened down and moved back up..
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