Kevin Kreisler,der CEO von Greenshift hat 70% der Voting Power bei VRDM
Mr. Kreisler is the
only officer and the only member of the Board of Directors of Veridium.All shares listed for Kevin Kreisler are owned of record by GreenShift Corporation, of which Mr. Kreisler is Chairman and majority shareholder. On March 24, 2006, the holder of a
majority of the voting power of the outstanding voting stock gave its written
consent to the amendment. The amendment will be filed and become effective
approximately twenty days after this Information Statement is mailed to the
shareholders.The effect of the amendment will be to increase the number of
authorized shares of common stock, $.001 par value, from 250,000,000 to
500,000,000.At the present time, 243,256,317 of the 250,000,000 authorized common
shares have been issued and are outstanding, leaving only 6,743,683 available
for issuance. The Board of Directors and the majority shareholder have approved
the increase in authorized common stock....Veridium had a negative working capital position of $6.6 million as of December31, 2005 as compared to a negative working capital position of $2.1 million as of December 31, 2004. Veridium incurred a loss of approximately $5.7 million during the year endedDecember 31, 2005. Also as of December 31, 2005, Veridium had current liabilities exceeding its current assets by $ 5.1 million.
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