Viroment Equity

Down to the Wire!

founder @ Viroment Equity

Published on Mar 17, 2021

Some of you are having issues with adjusting your investment.  One investor posted a solution.  Here are his steps:

1. Do not click on the INVEST NOW tab

2. Go to your ACCOUNT PAGE then click on YOUR PORTFOLIO then EDIT AMOUNT

    ( The amount you put in is the total amount you want to invest which includes what you already invested.) Then hit SUBMIT.

    3. Now when you look at the Viroment Equity investment on your portfolio page, it will only show your original investment, but if you click the + button it will drop down showing your new investment amount and it will say pending. That is ok it merely means they haven't processed your payment yet, and potentially will not for several weeks, but you are in with your new amount!

    Thank you to Judd for figuring this out!

    ON TO THE UPDATE

    With just hours left here is where we are at:

    Carbon Credits

    We have identified an LCA that is required to compile a written Life-Cycle Assessment (report) for the Carbon Credits as required for the 45Q IRS Tax Credit program.  Viroment submitted a 9-page overview report to them for their review of the project and they appear to be both qualified and versed in the area to handle the assessment.  

    This LCA has worked with Fortune 500 recognizable name companies and is connected well in the industry.  I am confident they will be easily capable to create the requirement and much better increase the value of the sale of the credits in the market.  The more reputable your assessment is the better.

    Insuring of the Credits

    The working session today with insurance

    Once again, Viroment is on the front end of pioneering and navigating where no company has gone before.  In an effort to ensure even greater value for these carbon credits if we choose to monetize the future credits produced we will need to purchase a warranty from an insurance company.  In our third long meeting with a great regional agent up here in MN, we are to be close to securing the warranty policy.

    Let's say we sell 5 years of carbon credits and we are hit by a tornado and are down for a while what happens?  Who cares? it's insured and we get back up and rolling when we can without an out-of-pocket major hit.  There is quite a bit of homework on this to do but it is not a difficult task.  Just time-consuming.  Luckily there is help on the way to complete "the busy work" who do this similar type of work all the time.

    Closing Words

    Russ, Chris, and I are humbled and honored so many people are invested in our project.  The three of us are working diligently in different roles and I am lucky enough to be the one here on the front lines for Wefunder posts, comments, and phone calls to/from investors.  It has been incredible meeting so many of you and getting your feedback along the way.  From South Dakota to Canada and even to Switzerland a few hours ago it's been an amazing ride.

    The journey has just begun and the next post on the other side will reveal some very exciting news on the re-valuation from $1/share to ...?