Validian Corp (fka VLDI)

[Surwin]

A few key points from the financials:

1. Cash at the end of Q3 was only $160.00 and without any subsequent events VLDI must be in a very difficult cash bind at this time.

2. The common share count is going through the roof. VLDI is adding about 100M shares of common on a fully diluted basis per quarter. Currently there are 567M shares of common issued and outstanding out of 700 M authorized. Add to that 375M shares for all the convertible debt, convertible promissory notes, convertible preferred stock and stock options when converted and this bring VLDI now to a total of 943M shares of common a fully diluted basis. At this rate VLDI will easily be over a Billion shares on a fully diluted basis by year end. Like I stated before the writers of the two article needed to do more DD since they both had it wrong indicating only 650M common shares on a fully diluted basis.

3. No revenue in Q3 which means the ISV still has not integrated the VP software. What is the problem?

4. Just as I predicted they are kicking the revenue can down the road from 4th quarter to first quarter 2018:

We anticipate commercial sales during the first quarter of 2018, however we cannot be assured that this will be the case.

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Nothing ever changes all smoke and mirrors, too bad some still do not see through the spin meister!