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did VRDM have a name change?
real
No bounce on news.....
GS CleanTech Acquires Exclusive Rights to Biodiesel Production Technology for Ethanol Production Industry
Tuesday July 18, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--July 18, 2006--GS CleanTech Corporation (OTC Bulletin Board: VRDM - News) today announced its execution of an agreement with NextGen Fuel, Inc. for the exclusive rights to distribute and use NextGen's patent-pending continuous-flow, multi-feedstock biodiesel process technology in the Ethanol Production Industry.
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Process Intensification
NextGen's biodiesel process technology leverages innovative process intensification techniques to accelerate and enhance traditional biodiesel reaction kinetics, thus decreasing process time, reducing energy and raw material needs, and increasing product quality. These benefits translate to increased capital and operating cost efficiencies at smaller scales as compared to traditional biodiesel process technologies.
David Winsness, president and chief executive officer of GS CleanTech's process engineering division, said that "Among the more significant benefits of the NextGen technology is its ability to produce high quality biodiesel out of multiple alternative feedstocks continuously at small scales. This is important because our clean fuels program is based on delivering technologies to our clients that produce clean fuels cost-effectively out of alternative feedstocks such as corn oil. These benefits and NextGen's rapid 12 week delivery times make the NextGen technology a highly attractive option."
Focus on Ethanol
GS CleanTech is currently focused on delivering its technologies and process innovations to the Ethanol Production Industry with a view towards maximizing the yield of corn-based ethanol production.
Traditional ethanol processing converts each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains (DDG), which contain about 2 pounds of fat. This corresponds to a corn to clean fuel conversion efficiency of about 33%, or about 2.8 gallons of clean fuel per bushel of corn. GS CleanTech's ambition is to increase this efficiency as much as possible.
GS CleanTech's own patent-pending corn oil extraction technology converts the fat in the DDG into a high grade corn oil that can then be converted into biodiesel on close to a 1:1 volumetric basis. This increases the corn to clean fuel conversion efficiency described above to 36%, or about 3.0 gallons of clean fuel per bushel of corn.
Winsness added: "The NextGen technology is a perfect compliment to our corn oil and other biodiesel feedstock acquisition technologies as it creates valuable opportunities for cost-effective production and sales of biodiesel in the regions and communities that are producing the corn. We are excited to add this valuable technology to our portfolio of clean technologies."
About GS CleanTech Corporation
Formerly named Veridium Corporation, GS CleanTech Corporation (OTC Bulletin Board: VRDM - News) provides applied engineering and industrial design services based on clean technology and process innovations that make it cost-effective and easy to recycle and reuse resources.
GS CleanTech is majority-owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a company devoted to facilitating the efficient use of natural resources.
About NextGen Fuel, Inc.
NextGen Fuel, Inc. is a privately held Delaware corporation deploying the world's leading modular, multi-feedstock biodiesel process technology. NextGen's technology can reduce biodiesel capital and operating costs by as much as 50% over traditional approaches and can be deployed into a plant as quickly as 12 weeks. NextGen not only offers its clients the best of breed and most cost effective technology, it assists its customers with detailed biodiesel project feasibility analysis as well as securing project finance and establishing long-term feedstock and fuel off-take arrangements. NextGen Fuel, Inc. is a part of the Golden Technology Management portfolio. Additional information on NextGen Fuel, Inc. is available online at www.nextgenfuel.com.
About Golden Technology
Golden Technology Management invests in the formation and active management of clean technology companies. Additional information on Golden Technology Management is available online at www.goldentechpartners.com.
Safe Harbor Statement
This press release contains statements that 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 GS CleanTech Corporation (f/k/a 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:
GS CleanTech Corporation, 888-895-3585
Fax: 646-572-6336
investorrelations@greenshift.com
www.greenshift.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300
or
Public Relations:
Walek & Associates
Deborah McCandless, 212-590-0523
Fax: 212.889.7174
dmccandless@walek.com
www.walek.com
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VRDM will slowly downtrend to the .035-.043 Area
Should Consolidate there for a while and if Ethanol gets a major pump pr month in the future again might make its way back to .07-.09. Remember VRDM's os has jumped from 45million to over 260Million(and growing) so .03s is not out of the question at all. And if OS makes it way up to the 400-450 million range which isnt too far off for a "growing" company we might see a longer consolidation to .02 or less. GLTA.
10QSB: HUGO INTERNATIONAL TELECOM INC
PrintE-mailDisable live quotesRSSDigg itDel.icio.usLast Update: 5:10 PM ET May 23, 2006
(EDGAR Online via COMTEX) -- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION
Forward Looking Statements
In addition to historical information, this Quarterly Report contains forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "estimates," "projects," or similar expressions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the section entitled "Business Risk Factors." Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements.
OVERVIEW
Hugo International Telecom, Inc. was a holding company. It no longer has any operating subsidiaries. In the past its operating subsidiaries, Hugo International Limited, and Hugo International Ltd. supplied cellular telephone, radio and wireless data communications solutions to business customers primarily in the British Isles who sought to improve their customer service levels and control their communications costs. Both of these operating subsidiaries are no longer in operation. Hugo Ireland was closed in 2002 and Hugo International limited was wound down in 2003. The Company lost significant capabilities of influencing the day to day operations from the administrator in October of 2001.
The Company incorporated in the State of Delaware on February 17, 2000 and acquired our now defunct Hugo International Limited operating subsidiary on February 24, 2000 and our defunct Hugo Ireland operating subsidiary on July 1, 2001.
BUSINESS RISK FACTORS
There are many important factors that have affected, and in the future could affect, Hugo International Telecom's business, including but not limited to the factors discussed below, which should be reviewed carefully together with other information contained in this report. Some of the factors are beyond our control and future trends are difficult to predict.
The Company is not a going concern.
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company, however, is a shell company without any operations. As of March 31, 2006, the Company did not have any cash, and current liabilities exceeded current assets by $393,415. These matters raise substantial doubt about the Company's ability to continue as a going concern.
The bankruptcy proceeding of our Hugo International Telecom, Ltd., subsidiary exposes us to risks and uncertainties.
The wholly owned subsidiary, Hugo International Telecom, Ltd. (`Limited') was placed into administrative status of the UK bankruptcy code as of October, 2001. Limited was restated as a discontinued operation through the date of the bankruptcy filing for financial statement purposes and was deconsolidated as of the bankruptcy date for financial statement purposes. If Limited fails to honor certain of its contractual obligations because of the bankruptcy filing or otherwise, claims may be made against us for breaches by Limited of those contracts as to which we are primarily or secondarily liable as a guarantor. In addition, Limited bankruptcy might bring certain claims against us or seek to hold us liable for certain transfers made by Limited to us and/or for Limited's obligations to creditors under various equitable theories recognized under bankruptcy law. As of May 22, 2006, there have been no claims filed against the Company or any of its current or former officers or directors, and we do not expect any material claims to be filed. However, the outcome of complex litigation (including claims which may be asserted against us) cannot be predicted with certainty and its dependent upon many factors beyond our control; however, any such claims, if successful, could have a material adverse impact on our financial condition. Finally, we may incur additional costs in connection with out involvement in the Limited bankruptcy proceedings.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION
BUSINESS RISK FACTORS (CONTINUED)
The Company is not likely to hold annual shareholder meetings in the next few years.
Delaware corporation law provides that members of the board of directors retain authority to act until they are removed or replaced at a meeting of the shareholders. A shareholder may petition the Delaware Court of Chancery to direct that a shareholders meeting be held. But absent such a legal action, the board has no obligation to call a shareholders meeting. Unless a shareholders meeting is held, the existing directors elect directors to fill any vacancy that occurs on the board of directors. The shareholders, therefore, have no control over the constitution of the board of directors, unless a shareholders meeting is held. Management does not expect to hold annual meetings of shareholders in the next few years, due to the expense involved. Kevin Kreisler is currently the sole director of the Company and was appointed to that position by the previous directors. If other directors are added to the Board in the future, it is likely that Mr. Kreisler will appoint them. As a result, the shareholders of the Company will have no effective means of exercising control over the operations of the Company.
Some of our existing stockholders can exert control over us and may not make decisions that further the best interests of all stockholders.
Our officers, directors and principal stockholders (greater that 5% stockholders) together control approximately 67% of our voting stock. As a result, these stockholders, if they act individually or together, may exert a significant degree of influence over our management and affairs and over matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. In addition, this concentration of ownership may delay or prevent a change in control of us and might affect the market price of our common stock, even when a change in control may be in the best interest of all stockholders. Furthermore, the interests of this concentration of ownership may not always coincide with our interests or the interests of other stockholders and accordingly, they could cause us to enter into transactions or agreements which we would not otherwise consider.
Investing in our stock is highly speculative and you could lose some or all of your investment.
The value of our common stock may decline and may be affected by numerous market conditions, which could result in the loss of some or the entire amount invested in our stock. The securities markets frequently experience extreme price and volume fluctuations that affect market prices for securities of companies generally and very small capitalization companies such as us in particular.
Our common stock qualifies as a "penny stock" under SEC rules which may make it more difficult for our stockholders to resell their shares of our common stock.
The holders of our common stock may find it more difficult to obtain accurate quotations concerning the market value of the stock. Stockholders also may experience greater difficulties in attempting to sell the stock than if it were listed on a stock exchange or quoted on the NASDAQ National Market or the NASDAQ Small-Cap Market. Because our common stock does not trade on a stock exchange or on the NASDAQ National Market or the NASDAQ Small-Cap Market, and the market price of the common stock is less than $5.00 per share, the common stock qualifies as a "penny stock." SEC Rule 15g-9 under the Securities Exchange Act of 1934 imposes additional sales practice requirements on broker-dealers that recommend the purchase or sale of penny stocks to persons other than those who qualify as an "established customer" or an "accredited investor." This includes the requirement that a broker-dealer must make a determination on the appropriateness of investments in penny stocks for the customer and must make special disclosures to the customer concerning the risks of penny stocks. Application of the penny stock rules to our common stock affects the market liquidity of the shares, which in turn may affect the ability of holders of our common stock to resell the stock.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION
BUSINESS RISK FACTORS (CONTINUED)
Only a small portion of the investment community will purchase "penny stocks" such as our common stock.
Our common stock is defined by the SEC as a "penny stock" because it trades at a price less than $5.00 per share. Our common stock also meets most common definitions of a "penny stock," since it trades for less than $1.00 per share. Many brokerage firms will discourage their customers from purchasing penny stocks, and even more brokerage firms will not recommend a penny stock to their customers. Most institutional investors will not invest in penny stocks. In addition, many individual investors will not consider a purchase of a penny stock due, among other things, to the negative reputation that attends the penny stock market. As a result of this widespread disdain for penny stocks, there will be a limited market for our common stock as long as it remains a "penny stock." This situation may limit the liquidity of your shares.
[------------------------------------------------------------------------------
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
The preparation of our consolidated financial statements requires us to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses. The following are the areas that we believe require the greatest amount of estimates in the preparation of our financial statements.
As described more fully in Note 2 to the financial statements, Contingencies, above, we are subject to legal proceedings, which we have assumed in our consolidation process. Accruals are established for legal matters when, in our opinion, it is probable that a liabilities exists and the liability can be reasonably estimated. Estimates of the costs associated with dispute settlement are adjusted as facts emerge. Actual expenses incurred in future periods can differ materially from accruals established.
RESULTS OF OPERATIONS
The company is currently a shell with no operations. Expenses incurred are primarily related to professional fees to prepare the company for a strategic transaction.
LIQUIDITY AND CAPITAL RESOURCES
The company had no cash balance as of March 31, 2006. There remains approximately $144,579 of accounts payable and $300 of accrued expenses unsettled as of March 31, 2006.
The company has incurred continued operating losses, has negative working capital and liabilities exceed assets as of March 31, 2006. These conditions are expected to continue unless new operating subsidiaries are acquired.
May 23, 2006
(c) 1995-2006 Cybernet Data Systems, Inc. All Rights Reserved
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HEY FRANKIE WHAT PRICE DO YOU LIKE AS AN ENTRY IN THIS ? I DON"T OWN ANY WOULD BE A BUYER @ .03 to .05 range?
WHAT IS YOUR TAKE? ON THIS DOG?
WOULD YOU ALSO BUY INSQ AND GSHF?
yes, you are right. Thanks and have a good weekend
Why you ssay that? Something coming up?
I hear ya.. it does have nice moves though... need legs.
real
Leaving all the posts here as I'm not long and don't have a lot of time to moderate. So far I see just a bunch of posts that say the same old generic stuff or personal attacks.
"It's a scam" gets as tired as "to the moon." I know I prefer the specifics and the well-expressed argument pro and con.
Anyway, happy 4th. If anyone has problems with particular posts, drop Gateway, Mick or me a PM and we'll try to accomodate.
Look into ISV
NDA filed yesterday , partnership soon with big pharma. target $4, at low 1.60. Take advantage of a cheap price. I predict it will be back above @4 by Tues next week
bones...for a person to come out and just say that 'hey, this is a good trade in the short term' regardless of the actual fundamentals (or lack thereof) is not a problem IMO.
At least the motives are honest and on the table for all to see. To lie about the company however and it's potential, while ignoring obvious pitfalls is not acceptable because it leads people astray and fuels legitimacy the company hardly deserves.
Bottom line is that people should do their DD regardless. Learn to read a financial statement and truthfully, people will make better choices and know when to hold em and fold em in this market. It's amazing how many people just don't understand how to read a filing or choose to read only what looks good to them while ignoring the rest. I believe this is the prime reason why so many lose money here.
well stock, im still a bit undecided on the philosophy of it might be ok? Yes, in the sense that a trader is honest in admitting pumpndump, then it is ok...BUT...No, in the final end! Being that the trader's "means" were justifiable, but to what "end" in a complete slimeball stock is NOT JUSTIFIABLE!
jmo
and any questions remaining that kk MIGHT have even one milligram of integrity can be doused when observing how he swept a $4.1M-OUTRIGHT-FALSEHOOD under the carpet like a speck of dust!
http://www.investorshub.com/boards/read_msg.asp?message_id=7642034
Sure bones...it's a total scam. His initial filing back when the stock was $.25 to issue the 250 million shares was enough to tell me what the true nature of this company was.
Still, if people can convince people to buy and make a trade from $.06 to $.12 one can hardly fault them, but at least be honest about the company itself and Kriesler's history of pump and dump distortions.
especially with a clown like kevvy as ringmaster, did you see his latest form-4 hat-trick, yep, pulled a 150M rabbit right out the shareholders pockets and into his...lol
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001105493%252D06...
i just cant wait to hear the insq-hopedinkys n chartdinky's arguments and excuses for this, more of family-kevvy irresponsible fiduciary.
in other words, kevvy said, "30 installations in 24 months" but what kevvy meant was "no installations, 150M newby-prints out yer pockets and into mine, HA HA!".
my gawd, this is funny stuff
Comedy hour never seems to end here, but hey, it's also the reason I have VRDM on my watchlist.
great dd from another chartdinky, you should write a book? lol
VRDM > strong close today > breaking out of a descending channel > shorts to get swept downstream
What for? The stock is a lousy dime and hasn't been above $.12 in weeks. ROTFL!
Better keep pumping there buddy.
better cover your short buddy
LOL! Yup. Whatever you say.
well francis and swahnee, take some free cheap-shots if you like?
http://www.investorshub.com/boards/read_msg.asp?message_id=11788170
lol,
but know I moved those cmtx .30's into ALTX at .23 and altx has .33-CASH in the bank. And, PATIENCE is my longest suit, OBVIOUSLY!
Swane.. don't bother with bones he buys at the most bottom every time and only sells at the tallest apex every time.. B^) us amatures strive to catch his scraps.. B^)
real
non-REAL-TIME advice is not what i requested, mon pablo, REAL-TIME advice next time, ok? tia
p.s. your .07-buy you boasted was NOT in Real-Time either!
Bones, Got my 68% gain and left for awhile - hope to return. Good advice is meaningless to a fool - and you fit the bill big time.
bottom may be in here IMO. .092 = 61.8% retrace. Also, run a line along the bottoms from Dec thru today on the chart.
Just an observation....FWIW.
i cannot play your game today. I am a little busy.
real
francis, aren't you here for the "greed" and "cheap" factor too? And yer maybe worse, because you KNOW it is a farce (not a msft) and you still play along!
when you score here, francis do you have sweet dreams of the sucker that bought yer shares, IN THIS FARCE?
folks think they are playing microsoft over here.. they are in it for the greed factor and the cheap factor and expect it to respond like a blue chip... go figure.
real
Hey - all - just went through about 50 posts that were all either personal attacks or "it's a scam" "no,it's not" "yes it is" "no it's not." etc etc etc.
If nobody objects, I'll just let you guys go at it. Otherwise, although I don't follow this that much, let me know by PM if you need some active "moderating."
Good luck.
LOL! Well obviously you care enough to keep replying to our posts.
And I doubt you've made much on anything you've played. You're a johhny-come-lately who is strictly a band wagon player. Trouble is, you always seem to miss the ride and end up chasing behind. LOL!
in short, no more reply to u from me. I guess me replying your posts makes you feel like you having an impact on here. So this is it buddy, u stay strong. BYE
i care less what you and bones/one/priceratio say. I made thousands on these stock, and this week was sooooooo sweet. So both of ya'll keep playing the role of defender of the universe, its all good. You both deserve some kinda nobel price or something. BYE
bones...
It's sad that there are people out there still naive enough to believe that just because a company attends some trade shows and conventions, that it gives them an automatic entitlement to credibility. Nothing could be farther from the truth.
In reality it's just an excuse for insiders to go on yet another junket at stockholders expense. That anything actually comes out of these endeavours is quite secondary in the equation.
being one-sided in bias is hardly what i call "minding yer business"...so far, the "business" you've supported consists of, and i quote...
vrdm was at the ethanol expo, made presentations and even answered emails by many.
what kind of "business" is that? you and me should get into that kind of "business" maybe we could also swing a $120,000,000 cap with blasts of hot-air presentations and e-mails, like vrdm.
lmao
Why can't you just accept that people have a right to alternate opinions huh? There is no such thing has having to hold or own this stock in order to post here.
Even the moderator of this forum isn't a holder of VRDM so get over yourself please.
You obviously don't like to hear opinions that hurt your cause of profit making with scam stocks. You bought here and now you live with the consequences either way.
at least am minding my business. Are you?eom
And you have fun holding the bag. LOL! EOM
sure, good for you. Have fun on the sideline.eom
8thwonder...LOL! This stock hasn't made a return to even $.15 let alone $.20 or $.30! It gets to $.12 and then tanks. At these prices, if what you say is true about potential, $.30 is cheap and you'd think maybe it would come close to testing those levels once again.
But alas, it's good for the flip and that's all.
And all this hype about ethanol expos and answering questions by email mean nothing in the grand scheme of things.
Do you know how many OTC companies I've witnessed that attend all these conventions and trade shows and end up producing nothing? So many I've lost count, but most recently TRBY which raised expectations for its investors only to end up as a $.02 stock because hype, rumour and innuendo fueled the drive and killed the prospects.
I like 2 and 3 cent moves... trying to stay more cash for the summer.
real
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