Validian Corp fka VLDI

[Surwin]

And my thoughts are that insiders get deals that the common shareholders can't participate in and whenever you can convert debt to common at close to a 50% discount it is a no brainier to make that investment, even if the company is a scam.

Just for reference on May 12th after the stock closed at .0285 the promissory note holders could have converted their shares at a discount of say 43% to the three day low of .0141 or at .00804. the next day the stock would have to fall by over 71% before an investor would lose money and even further if you consider they were earning interest at a rate of 10-12% annually.

Like I said insiders always make money at the expense of the common shareholders. They invest for these quick returns and they are seldom the bag holders.

Anyways that is not the point, the point is at the rate they are issuing these promissory notes VLDI will be close to a billion shares of common on a fully diluted basis in short order. They will soon need additional financing with less than $200.00 in cash. I believe that is the lowest level of cash I have seen in Validian on a quarterly basis in over four years. By VLDI's own comments they do not expect the cash flow situation to improve until maybe Q3 so Q2 looks like another bust as well for real revenue.

Yes something is definitely brewing and it is not good news!