posted
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.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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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?
-------------------- Hindsight is 20:1. It's like printing money.
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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.
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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.
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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
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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
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.
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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?
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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.
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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
posted
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.
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