Validian Corp (fka VLDI)

[Willy]

I don't believe the company ( a defunct grey stock) will be sold. If anything is sold it will be the product VP (not that any company wants it) and to do that Bruce needs no vote. Since he does not have to report anything no one will know he sold the product. As you say we can't lose anymore than we have already lost. And IMHO shareholders have lost their entire investment.

[The Penny Preacher]

Bruce may have a completely unconventional business plan that has frustrated us all, but he can't steal our money unless he wants to go to jail.

Do you own shares of VLDI? Are they being held in a brokerage account? If so, a BUYOUT will be a BUYOUT of YOUR shares. VLDI may be a semi-private corporation, but they are still a corporation. Bruce cannot sell the company without getting permission from >50% of the shareholders. And the buying entity will still have to buy your shares or they will have a nightmare on their hands when the SHAREHOLDERS step in and sue them for their money.

And I still do not understand why everyone keeps getting all worked up about any of this.

I will say it again...if VLDI completely fails, you can't lose a penny more than you have already lost. And if they don't fail, you own your share of their success. RELAAAAAX. IMO, we are almost over the finish line with this one. This is not the time to go into a panic.

I suggest that you go do some early Christmas window shopping for all of the things you are going to buy with your profits.

JMHO

TPP

[Willy]

The question that was not answered is How will investors know if there is a buyout. Bruce does not have to report anything.

[The Penny Preacher]

I already answered that question on Friday, September 16, 2022, 12:26:00 PM, Post# 25464.

TPP

[Willy]

A serious question so please a serious answer. Assuming Bruce sells the company for 10 cents or 10 Billion how do current shareholders get any money out of the deal. My stock, at Etrade, is just a number. Will Bruce file and restore the stock to trading status before the sale? How will the common shareholder know if the company is sold since he does not have to report anything to anyone?

[The Penny Preacher]

As of the last 10Q filed by VLDI on 9/30/19, there are debts outstanding that will eventually be converted to 307,520,133 shares of common stock.

Obviously, to finalize that conversion, the authorized limit will have to be increased to approximately 1BB shares.

If Bruce continues to only hold 39mm at the time the company is sold to the highest bidder, he will have spent the last 20 years working for less than 4% of the company, while negotiating debts that will turn over almost ten times that to creditors.

Alla P. will own more of the company than he will and she did nothing but inherit her dad's stock.

But, if Bruce is the one who will get almost 300mm of those conversion shares, as my research has suggested is the case, he will take home approximately 1/3 of the buyout value. And if my expectations turn out to be accurate, that means he will take home somewhere between $7BB and $17BB. Not a bad return on his investment regardless of how many millions he invested.

There may be references in past SEC filings that tell us how much money Bruce invested in the company to jumpstart it on its current path. I have never taken the time to find out. It isn't important. The FACT is, the company has had the funds to keep its doors open for 20+ years, and that money came from SOMEWHERE.

My sources have told me that the lion's share came from Bruce. But, it doesn't matter how much he put in. All that matters is how much he will get out in the end. And one thing is certain, the man did not work for 20+ years to take home less than 4% of the company. For goodness sakes, the PF members own 5 times that.

Bruce Benn may be frustrating, irritating, exasperating, aggravating, and a dozen other "ings", but the man is not stupid.

TPP

[Willy]

Please come out anytime outlandish statements are made....like Bruce investing 35 million of his own money. Thanks for the analysis. Facts are Facts.

[Surwin]

I know I said I would not post until some real news came out on VLDI, but I could not resist with all this talk about Bruce investing $35M of his own money into VLDI. First of all VLDI as of the last report had an operating deficit of about $56M if you go back into the financials you will find that over its course of history about $36M went into sales/marketing/ admin and about $20M went into R&D. Bruce has only about 5.7% of the common stock outstanding (less than that number on a fully diluted basis) and Alla Pasternack has about 7.9% (down from her fathers 10% years ago). If Bruce invested any of his own money it would have been via common stock, preferred stock, notes or bonds, Bruce was awarded stock years ago and had only about 1-3% for a number of years and then a few years back actually purchased some shares bringing the total to approximately 6%. There are 688M shares of common outstanding plus the preferred, notes, and bonds all convertible into common stock. So using simple math if Bruce had invested out of pocket $35M of either his own funds or those from his investment vehicle he would own approximately 62.5% of the company. on a fully diluted basis. There was a period of time where Bruce did debt financing but he was repaid the the full amount of approximately $.5M. Believe me that Bruce has taken out way more in funds out of this company than he ever invested!

The truth be told is if anything he pulled out of the company over $35M in sales and marketing without ever marking a single real sale over the years which for the most part went into his pockets or his investment vehicle. The logic is simple if Bruce had invested his own money he would own much more of the company on a fully diluted basis than 6% and his investments would have been reported with the proper SEC filings such as a 13D or equivalent. Now I will crawl back into my hole.

[shapeman]

I have totally accepted the fact that I cannot sell or buy and have no options. I have accepted that I will never see a return on this investment. You seem to be so sure that I’m wrong. Give us something solid. Something tangible. Anything other than your opinion. How long is the ride? Because for some of us the ride is like being in the Twilight Zone. Never arriving

[The Penny Preacher]

You can't sell, so why get all worked up about this stock? If it fails, you can't lose a penny more than you have already lost. And if I my due diligence is correct that it is going to the moon, you will be along for the ride. So RELAX, STOP WORRYING, and ENJOY THE RIDE.

IMHO, your money couldn't be safer, and you will never experience this percentage of profit again in your life. I believe little VLDi is about to go down in the history books right next to Apple and Microsoft. So buckle up, and return your seat to its upright position, cuz I think I hear something...10...9...8...

JMHO

TPP

[shapeman]

Ok TPP. I just don’t get it. You keep making these claims with absolutely nothing solid or tangible to back it up. Last year I posted that I would give it until December of this year to put my last bit of hope that you were right. Why do you keep this up? What skin do you have in the game and why should we believe you know something we don’t? It was fun at first but now it’s just unfair and misguided. Time to fold and join the rest of us. You’re the only one holding out

[The Penny Preacher]

A half-mil? Nice. Now, if you had put most of that 1/2 million on VLDI you would be talking about REAL MONEY.

TPP

[Willy]

No it does not come with any PROOOOOOOOF that it is safe nor is there any PROOOOOF that Bruce put 35 million of his own money into the company. I don't believe he put a penny of his own money into the company. I also believe that the company is dead, Bruce is long gone and investors will never see a dime. But I really don't care since I had 10's of millions of share of two other penny stocks that took off last year and I made over 1/2 a million.

[The Penny Preacher]

That settles it for me, I don't think we should invest in VLDI. It doesn't come with PROOOOOOOOOOOOOOOF that it is safe.

TPP

[Willy]

Again just nonsensical rhetoric and no proof whatsoever that Bruce ever put 35 million of his own money into this scam.

[The Penny Preacher]

That settles it. If I can't actually see the canceled $35,000,000 check, I am going to sell all of my shares and move on to a stock I can trust. From now on I am only going to invest in stocks where I can get all of that information before I invest.

Oh, wait, there aren't any companies where you can get that information before you invest.

And everyone knows that even if I could do it with VLDI, it would all be a lie. And it wouldn't help anyway, cuz Bruce has already stolen all of the company's money and turned it into a private corporation again.

Oh well, easy come, easy go.

TPP

[Willy]

Where's the 3rd party proof that Bruce put 35 million of his own money into this company. I don't think Bruce put 35 cents of his own money into this company. I won't believe he put a dime in unless I see verifiable 3rd party conformation.

[The Penny Preacher]

Let me see if I have this right...

Bruce Benn put $35 million of his own money into the company to start it twenty years ago. Then he worked without a salary for the next twenty years, so he could steal 45 million from the company's bank account. And the shareholders are supposed to believe that he stole it from us and get all worked up about it, even though every penny we put into the company went into the secondary market and Bruce didn't get a penny of it. Is that about right?

That boy needs to go back to scam school. He stinks at it.

TPP

[The Penny Preacher]

Sure took him long enough. What did he do for the first twenty years?

[Willy]

Bruce already cleaned out the bank.

[shapeman]

Hahaha. Laughing walking away from the bank

[Willy]

You and at least one other.

[DP1011]

Any day now. LOL

[shapeman]

Waiting for my millions

[Willy]

No Microsoft is going to write a check for Billions of dollars. ????

[skidog72]

No no...everyone knows Bruce is just a sweet old Matlock type lawyer who would never screw his shareholders. Those in the know say Microsoft is going to be writing us a check for millions soon. Don't ya know?

[Willy]

The company and the product VP are worth zero, nada, nothing. Bruce has already bilked the shareholders our of over 45 million in SG&A, It's a worthless grey market stock.

[ChangingChannels]

Give us your verifiable cutting edge due diligence. Bruce is a genius at keeping those that bet too much on his dream to finally let go. Good luck to those that bet more than they could afford to lose.

[ChangingChannels]

Please enlighten us to the companies that Bruce has sucessfully financed and companies he that he has been involved in that have suceeded in being profitable.

[The Penny Preacher]

And it isn't even a "report", like a "news report of facts." It is a 17-year-old anonymous post on an Internet investment forum that, by the poster's own admission, supposedly tells the PUBLIC story, a story Bruce has never tried to hide or deny, of several companies Capital House and Bruce Benn were involved with some unknown number or years prior to the post, but doesn't say one single thing about all of the companies Capital House has financed since the end of WW2 that succeeded, or the half-dozen other companies Bruce Benn brought to profitability over the past 35 years, or one single world about Validian Corp. or Validian Protect. And the poster wants us to call his information "Due Diligence."

THAT IS TOO FUNNY!

TPP

[The Penny Preacher]

CC

Are we to assume that a 17-year old report is cutting edge due diligence?

That is hilarious.

TPP

[ChangingChannels]

https://stockhouse.com/companies/bullboard/vldi/validian-corp?postid=9707199


Validian Corp. VLDI
Technology
Validian Corp is a U. S based company engaged in providing software products to assist public and private enterprises in addressing the issues surrounding the protection of digital information and application security. The company's product include ValidianProtect which can be integrated to handle and protect the storage, access, transfer, receipt, and usage of data.
$0.00
USDOTC EXPERT MARKETDELAYED PRICEMARKET CLOSEDMAY 4, 2022 4:00 PMEDT
Validian Corp. > The "real" story!!!!!!!!!
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Revengesoon (0)
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October 15, 2005 - 07:19 AM
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Post# 9707199
The "real" story!!!!!!!!!
Dear Boardmembers, with the following information i would like to present you some facts,which will help you in your further due dilligence. In order to know more about VLDI.OB it is important to realy KNOW who is acting BEHIND the scenes. VALIDIAN is a project by a group called CAPITAL HOUSE. In order to find their website just "google" it, because i can not post the link in here. That group includes the following "brains": Bruce Benn,lawyer Ron(ald) Benn,accountant Ted(Edward) Munden,engineer Brian Barr,lawyer Over the last 10 years, this group has LOST almost 200 Mio USD in investments in small public companies.But NOT the individuals themselves, they destroyed that amount in "public companies" and the SHAREHOLDERS lost almost ALL their equity. In the mining sector the group started AMT Resources in the mid 90ies.(see the AMT resources transaction in their website) They raised almost 5 Mio CAD in equity from a private european investor.AMT owned a "gold mining property" in the Yukon, which in several studies was said to contain a "high ore grade". The operation was put in place, including Trucks,machinery, processing plant and so on...........BUT after the first processing run, it turned out that the ore grade was far less than expected. The project was continued for several more month and as "economically insufficent" closed 2 years later. The sale of the equipment and the property just returned the outstanding debt and the original equity was LOST for the european investor. But the "canadian dream team" had received several hundred thousand dollars in salaries!!!!! Another company was set up by the same Canadians in the oil and gas sector: Queen Sand Resources(Nasdaq small cap "QSRI") In that company Ted Munden acted as President.QSRI managed to buy "oil and gas production" and even got an ENRON Affiliate to take a 33% stake in the company. With a very "bad" hedging program and way overpaid aquisitions, funded with NUMEROUS equity and debt offerings, the shareholders got more and more diluted, because MANAGEMENT was unable to find "good" drilling prospects and production was MUCH lower than forecasted.The stock went from over 5$ to 0.1$ in less than 3 month.Most interesting was the last offering, with so called "reset rights", where it was HIGHLY dilutive for all old shareholders. In the last stage of QSRI, management, spureheaded by Bruce Benn did a 156:1 reverse split and renamed the company Devon X.After a few weeks this company was sold to Comstock Resources for 7$. Whoever had QSRI shares @5 went through the following: 1000 QSRI @5=5000 USD Reverse Split 156:1 6 shares Devon X post split 6 shares sold for 7$=42$ This is just a "great" investment! On the Capital House website this story is NOT told in detail, but what IS said makes investors think something completly different had happened. To read more on QSRI, simply google it. I want to address your attention on 2 other companies Capital House is "entertaining" right now: Mustang Minerals.........TSX Venture MUM.V Datajungle Software.....OTC BB........DJSW.OB These 2 ventures have Brian Barr(MUM.V) and Ted Munden(DJSW) as "talking heads". Both companies have raised several million USD in the past years, with numerous equity offerings and have NOT earned a SINGLE $ so far. So , you will ask?, why are these guys doing this: 1.These guys have income(they get a pay check from the companies every month) 2.Capital House gets consulting fees 3.In every "run up" management sells shares(not their "official" ones, but those hidden in "offshore" accounts) 4.Why did NOBODY sue them so far???All these transactions are perfectly LEGAL, but in fact almost 200 Mio INVESTOR money got LOST. For very good reasons 2 Capital House members are lawyers. I hope this helps to increase the amount of Due dilligence, before making investments in these (ad)ventures. Everything i posted is PUBLIC INFORMATION and can easily be found in the internet. Revenge

[The Penny Preacher]

I cannot give a detailed answer to your question since doing so would violate the rules of my own forum, however, I can tell you the obvious.

Before Bruce can monetize VP, VLDI will have to be relisted. They will NOT be relisted as an OTC stock, so use your own imagination.

If Bruce receives a buyout offer that makes him blink based on the value of the things he has secretly accomplished during this period of being delisted, I doubt seriously if there will be any prior warning of the buyout announcement. And if that offer comes before VLDI is relisted, there will be no reason to relist VLDI on any exchange.

Both scenarios mean that our SHARES of stock will give us a SHARE of the profit distribution from sales revenues, or a SHARE of the buyout value.

There is no scenario I am aware of by which Bruce Benn can LEGALLY keep us from sharing in VLDI's financial future.

JMHO

TPP

[Willy]

Hi TPP. You stated in this post that you hoped Bruce Benn

will either start marketing VP to the world openly, or he will negotiate a buyout.

Since I still have a few shares, as do others and since you have been much closer to the company than any of us, could you please explain the logistic of share holders receiving money if/when Bruce does either market VP or sell the company. As has been discussed here before most of the brokerage houses now list the former stock symbol VLDI as 91915P107. Thank you.

[DP1011]

Any day now. LOL

[VLDI Is DEAD]

"BB is a character" which makes it all the easier to slip away and never look back again, without any concern to any of the investors. There is no faith left that this guy will ever do anything with VLDI. Who is developing anything for the software over the last few years, working on updates? IT technology goes out of date pretty quick and needs constant updating to be relevant, especially cyber security software. Who is doing this for VLDI since they employ nobody besides BB? If the time ever comes that he sells it whoever buys it is purchasing ancient software. Enlighten me should anybody have info on this...

[Willy]

OK thank you.

[The Penny Preacher]

My last conversation with Bruce Benn was on 8/4/21.

There have been at least a half-dozen people I know who have had more than a dozen conversations with him since then.

The answer to your final question is yes.

He is NOT hiding.

TPP

[Willy]

OK. And the second part of my question was when is the last time you spoke with him? Also let me ask if you know anyone that has spoken with him recently?

[The Penny Preacher]

He gave me that information confidentially so I could help him write 8 PRs. I refuse to use that information against him now.

It has nothing whatsoever to do with love, it has EVERYTHING to do with character. Obviously, he IS a character, I choose to HAVE character. There is a difference, even though Bruce Benn does not seem to understand that.

The fact that he has zero character does not mean that I have to mimic him.

TPP

[Willy]

There is no love lost between you and Bruce so why don't you go ahead and publish his private number and email. Question, when is the last time you talked with Bruce?

[The Penny Preacher]

613-224-3535 is still VLDI's phone number, it is just that Bruce has not answered his voice mails in so long, the mailbox is full.

And the [e-mail] email address is functional, it is just that Bruce never answers emails sent to that address from anyone except companies and individuals he is working with.

I do have his private email and private mobile phone number, and I have been tempted to post them here, but I have decided not to.

Forgive me, but helping this forum is not my highest priority, and Bruce does not need or want my help.

TPP

[Willy]

If "not hardly" then please provide a tel number, email address, and corporate address. VLDI is DEAD was trying to do some DD and ran into the fact that nothing on any site gets one in contact with Bruce. So you can help him and the board out by providing that info.

[The Penny Preacher]

Not hardly.

TPP

[Willy]

That's exactly what it means. Bruce is MIA and you know it. He has made his 30 million in SG&A and is now GONE. No trace of him anywhere.

[The Penny Preacher]

Your concerns have all been discussed here and on other forums ad nauseam for at least the last five years. No one has EVER tried to make the argument that Bruce Benn is running his company in a traditional or rational manner. The fact that in the past he has used the address of his brother's company as VLDI's mailing address, for example, is ridiculous. Then there are other issues like the fact that VLDI does not have a BOD, and that Bruce Benn is the only officer.

NONE OF THAT IS ACCEPTABLE.

But, since most of us knew all of that when we bought our first share, it is a little late to complain about it.

NONE OF THAT is conventional, and NONE of that is encouraging. BUT, none of that is the reason we bought our VLDI stock. We bought the stock because we confirmed enough of the claims about ValiidianProtect's capabilities to make us believe there is profit to be made with VLDI.

If we had only Bruce Benn's word for it, NONE of us would have stayed with the company. We are here because we have confirmed enough of the claims via third-party sources to convince us that even though Bruce Benn is a narcissistic jerk, he is a narcissistic jerk who has somehow managed to develop the world's best cybersecurity product.

My one and only concern about VLDI and VP and Bruce Benn is that Bruce does not seem to know when enough is enough. Every time he finds out that VP is capable of doing something new, he chases it like the whole deal depends on it. He does not seem to be capable of leaving any possible feature undeveloped.

He has told me and my sources numerous times that he was preparing to finalize everything. But in every case, there has always been ONE MORE THING HE HAS TO DO.

My hope is that eventually, even Bruce Benn will run out of rabbits to chase, and he will either start marketing VP to the world openly, or he will negotiate a buyout.

My sources have told me that day may be coming soon. I hope so, for all of our sakes. We are all sick of waiting, sick of the lies, and sick of Bruce Benn.

JMHO

TPP

[The Penny Preacher]

Gee Wiz, does that mean that I am not going to get rich from my VLDI stock?

It is too bad I didn't find out all of that cutting-edge DD when I could have sold my stock.

Drat!

TPP

[VLDI Is DEAD]

So yesterday I emailed both email addresses shown on the contact page at Validian.com and guess what? Both emails were returned as "undeliverable", not to my surprise though. So then I googled the address shown for Validian in Canada, 30 Metcalfe Street Ottawa, ON K1P 5L4 Canada. I was able to find a phone number (613-230-7211) associated with this address, so I called. Of course not in service, dead line, nobody there, and no other numbers to call. So I see the building is a shared office building and locate a few other companies at that address. I decided to call a few of the other companies in that building and see if I can get any info. Take another guess, current tenants in that building don't know anything about a Validian Corp in that building. I don't know what else to say but if I was interested in Validian I don't see any real way to contact the company. I'm not sure what else to say at this point.

[VLDI Is DEAD]

I would never call any of you fools, I took the same gamble you all did and had all the hope as well. I will hold my 3 million shares with silent faith that one day I can come on here and say TPP was right. I am in no way attacking TPP, I held his posts and comments in the past close to my faith in VLDI going somewhere. But hearing the same thing over and over with no new news or anything to rally behind is running thin at this point. If there was actual real news to get behind maybe it would be different but nothing, nothing at all and Bruce Benn has been silent and unperceivable and TPP has nothing to share but to believe and hold on, our day is near. Anything that would be nice to hear is not shareable apparently and secret from us investors. As he stated in a previous post, "I cannot share that information on this forum. It is considered off-topic and a violation of the TOU." It's always something that keeps the info away from us. I wish us all the best, after all these years I think we deserve it...

“Insanity is doing the same thing over and over and expecting different results.”
-Albert Einstein-

[Homebrew]

What's illegal ? CEOs sometimes post on IHUB. IHub allows it.

"....VLDI has NEVER posted on this site. It would have been illegal and I-Hub would not allow it....."