Validian Corp (fka VLDI)

[Willy]

You're excused, I want to hear MK1969's answer.

[The Penny Preacher]

Well, excuuuuuuse me, Sir.



TPP

[Willy]

I didn/t ask you

[The Penny Preacher]

I have already answered that question.

TPP

[Willy]

Here's a simple questions for you to answer. Lets assume VP works and Bruce found a buyer for the product or the company. Since the stock is on the greys and he has no fiduciary responsibility to share holders what so ever, how would current share holders (the stock is only a number in our accounts) know the product or company was sold and how would those shareholders receive any money for the delisted stock they own. Please be specific.

[Mk1969]

The answer is yes to both your questions. I can’t give you a date. Please feel free to call me 9162931477.

[Mk1969]

After reading all the negative post in the last two years I guess what I am trying to tell you guy's VLDI is still alive and doing very very well. I know some of you guys have been waiting for 20 years. But it’s in a great place where things are happening. I can’t say what, but in the last 3 years Bruce and the team ( yes more than 1 employee) has been working there ass off. Yes I am that idiot as you guys refer too to help keep this project going.

[ChangingChannels]

MK, Please enlighten those here if Bruce plans to monetize his company and share those funds with investors and if so when? Bruce has failed to share with me since all the horses left the stable.

[shapeman]

So what exactly are you trying to tell us? Are you suggesting that VLDI is still alive and well? Has a viable product to sell?

Quite frankly all of us except for you and TPP are exhausted reading false promises and hopes. Unless someone has sound and solid evidence, pease don’t post without an independent source that we can verify.

[Mk1969]

Yes you are correct! I can’t put out what I know but I will say I talk to Bruce everyday, I have seen and used VP. I have the social IM part on my phone. And yes VP works on quantum computers. He has made so many advancements in the last years.

[shapeman]

Hahaha. Any day now!!!

Zzzzzzzzzzzz

[VLDI Is DEAD]

Any day now....

[VLDI Is DEAD]

It was all COVID's fault....LOL... But we should have faith in BRUCE...LMAO

On March 30, 2020, Respondent filed a Form 8-K stating that its ability to file its annual report on Form 10-K for the fiscal year ended December 31, 2019 was affected by the COVID19 pandemic. Respondent asserted that it would “file its Annual Report by no later than May 14, 2020.” Similarly, on May 15, 2020, Respondent filed a Form 8-K stating that its ability to file its quarterly report on Form 10-Q for the quarter ended March 31, 2020 was affected by the COVID-19 pandemic, and Respondent asserted that it would file this report by June 29, 2020. As Respondent has not participated in this proceeding, it has not explained its failure to meet these two deadlines. Respondent’s failure to adhere to even its own, self-imposed “schedules that [it] has proposed for the fulfillment of delinquent filing obligations” supports our conclusion that revocation is appropriate. See Calais Res., 2012 WL 2499349, at *7 (quoting Am. Stellar Energy, 2011 WL 2783483, at *5); see also Gateway, 2006 WL 1506286, at *6 & n.34 (noting, in support of revocation, that respondent had repeatedly “insisted that it intends to return to full compliance, yet its efforts repeatedly fall short”). And Respondent’s failure to make any arguments regarding how the COVID-19 pandemic may have affected its ability to file a Form 15 before the institution of this proceeding or that the proceeding therefore should not be expedited supports our decision to expedite this proceeding.
UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 94949 / May 19, 2022 Admin. Proc. File No. 3-20753 In the Matter of VALIDIAN CORP. ORDER IMPOSING REMEDIAL SANCTIONS On the basis of the Commission’s opinion issued this day, it is ORDERED that the registration of all classes of the registered securities of Validian Corp. under Section 12(g) of the Securities Exchange Act of 1934 is hereby revoked pursuant to Exchange Act Section 12(j). The revocation is effective as of May 20, 2022. By the Commission.

[Willy]

Bruce Benn has spent the last 20+ years trying to develop a cybersecurity product that does not work, and will not work in a Quantum world even if it did accidentally work in the past. And VP's is now a worthless piece of software that no one wants and that has absolutley no value in the real world.

Yes you have it right.

[Surwin]

Just stating the facts that we have no idea what is left of VLD for common shareholders. Also we all know that when VLDI was reporting there was never enough common shares authorized to handle all the various convertibles instruments to common stock on a fully diluted basis. Also we have no idea what additional convertible have bee issued since that time. I am amazed anyone still believes in this company. and or Bruce. I guess when you have lost most your money in a pipe dream you need to hang on to the bitter end. Just wondering what it would take for some to realize the last nail has already been put into the coffin a long time ago. I will now disappear again, since I have said my piece and there appear to be absolutely no future for VLDI other than a rinse and repeat. .

[The Penny Preacher]

And let me see if I have this right?

Bruce Benn has spent the last 20+ years trying to develop a cybersecurity product that does not work, and will not work in a Quantum world even if it did accidentally work in the past. And VP's is now a worthless piece of software that no one wants and that has absolutley no value in the real world. And Bruce has somehow MIRACULOUSLY spent the past two years convincing new SECRET "investors" to put even more money into Validian, and none of them ever thought to actually see the product in operation or to check with any cybersecurity experts to get their opinion of VP before they put more of their hard-earned money into the project. And in return for their "investment," Bruce Benn issued more IOUs that are payable in worthless Preferred stock, and the "investors" jumped at the chance to get it. I guess they ran out of TP.

And, here is the best part, Bruce did all of this so that he could steal their money?

It makes one wonder how those "investors" managed to accumulate all of that money in the first place since it is obvious they are as dumb as a rock.

TPP

[The Penny Preacher]

So, now we are supposed to believe that the Nevada SoS is in on the scam? Does that mean that we are not supposed to believe that there are still only 50mm Preferred Shares authorized? Gee, I thought that was the same limit that has been on the books for ages. Guess not, cuz I read it on the Internet.

And apparently, we are supposed to believe that Bruce has spent the past 2+ years secretly driving his company's value straight into the ground so that he can liquidate his company for even less money than it was worth when he started.

And in preparation for that GREAT LIQUIDATION EVENT, he paid his CPA and attorneys to complete one final report so he could bring Validian's SoS filings up to date before selling so he could pocket what little was left?

BRILLIANT!!!

LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL

TPP

[Surwin]

we can find some encouragement in the fact that the page you posted also proves that Validian has not secretly increased or decreased the Authorized Limit or the Float in an effort to dilute the value of our stock

That is not true since it only addresses common stock. It does not address all the convertible preferred stock, convertible bonds, and convertible notes, and I image any increase in these instruments since the last financials were published. It also does not address the preferred status of these instruments in the event of a liquidation, but there is nothing to liquidate so it does not matter. FYI.

[The Penny Preacher]

Yeah, everyone knows that scam artists always take 20 years to get their money. And then after they set up their scam they always spend at least five years keeping their fish on the hook and two full years silently gloating over how much money they are going to steal. And then they don't actually steal it, they file lots of legal documents telling the SoS of Nevada what they are doing and how they did it, and they send them the audited financials to prove it, signed by their attorneys and their CPA, who are in on the deal with them, cuz they all want to go to jail with him. That is their SOP. Sure, everyone knows that is how it is done.

RIIIIGHT.

TPP

[The Penny Preacher]

Nevada State Laws do not require Validian to make their annual reports public, so they don't.

The only thing that is available to the public that I am aware of is the information you have posted. But, since that clearly says that Validian's Entity Status is "Active" and they are current on their reports through 4/30/24, it is all the proooooof anyone needs that the recent claim that the Corporation's charter and Cusip number have been dissolved is false.

We would all love to also see the actual report complete with current financials, but that is not possible.

But, we can find some encouragement in the fact that the page you posted also proves that Validian has not secretly increased or decreased the Authorized Limit or the Float in an effort to dilute the value of our stock.

TPP

[Willy]

Would you please provide a link. Here's what the SOS page shows:

[The Penny Preacher]

I posted the wrong hyperlink. Sorry.

To confirm Validian's corporate status

Go to:
https://esos.nv.gov/EntitySearch/OnlineEntitySearch

Type Validian Corporation in the Name field,

hit <enter>

TPP

[The Penny Preacher]

Gee, that is strange...

The Nevada Secretary of State seems to think that Validian Corporation is "Active."

Maybe someone needs to call the SoS and let him know that his records are wrong. I am sure he will appreciate it.

https://esos.nv.gov/EntitySearch/BusinessInformation

TPP

[Willy]

Yes those of us living in reality rather than fantasy land knew that years ago.

[ChangingChannels]

Well Bruce has finally got what he wanted, the Corporation’s chapter has been dissolved by the State of Nevada and I believe the Cusip number also. He will now vanish with the technology and no more rights for any shareholders. For those that were still counting on Bruce to set them up for retirement. Sorry it maybe time to face the fact that this is over and move on to another plan without Validian.

[Willy]

VP's valuation= Zero, Zip, Nada, Nothing, $00.00

[shapeman]

Show me da money!!!

[The Penny Preacher]

I am not permitted to share my DD with anyone who is not a member of the PF..

TPP

[Willy]

Would you please provide a link.

[skidog72]

VLDI believers after 20+years of a big fat nothing burger!

[The Penny Preacher]

Soooo, the information I just reviewed one minute ago that is dated in the first quarter of 2023 that says VLDI is still in business, and VP is still considered one of the world's leading cybersecurity products wasn't real? Sure looked real.

TPP

[Willy]

There is no public information anywhere in the past several years that would indicate that VLDI and VP are still viable. Nothing, Nada. This company is dead, the stock is worthless VP is dead and Bruce is loooong gone. This is not conjecture but the facts.

[The Penny Preacher]

Actually, of the 80+/- VLDI investors I interact with on a regular basis, ALL of them feel the way I do about VLDI's potential. The only investors I communicate with who don't feel that way post on a certain infamous Internet investment forum.

All of the information we have is public information, so it is not a question of having evidence, it is a question of combining public third-party information with public statements from VLDI and Bruce Benn. As I have said before, it is a new concept that has caught on in the investing world called Due Diligence. I highly recommend it.

And of course, with VLDI being on the gray market, it really doesn't matter if you think the company is dead. You can't buy or sell their stock anyway. You have no choice other than to wait for news that will rock your world. Bruce is going to make all of us rich, even those who were forced to hold on to the end and hated it.

That being said, I do find it unfortunate that everyone who owns VLDI stock at the moment Bruce puts out the news of his success will prosper, even those who tried for the past decade to destroy everyone else's hope. In a just world, they should have to give every penny to those they discouraged into selling.

TPP

[shapeman]

So even if you’re correct about all this money and Bruce is not a crook, it doesn’t change that nothing tangible has come out of this company and it doesn’t change that the company is dead.

Bruce doesn’t respond to emails and no one in the company responds either. There are no updates or press releases. No updates to their site in over a year.

You seem to be the only person who feels the way you do and offer no evidence.

I found it interesting to read your posts and it gave me some hope for a while but then it became false hope and now just false.

We all wish you were correct but I think we’re all over it.

[Willy]

VP is dead, VLDI is dead. Bruce is a crook.

[The Penny Preacher]

These are the actual SG&A figures gleaned from VLDI's 10Ks for the years 2001 - 2019

2001 - 516,829
2002 - 473,306
2003 - 1,752,725
2004 - 3,058,649
2005 - 2,213,403
2006 - 1,890,887
2007 - 1,598,242
2008 - 1,282,969
2009 - 572,705
2010 - 500,780
2011 - 664,550
2012 - 646,150
2013 - 1,447,993
2014 - 739,680
2015 - 825,058
2016 - 897,497
2017 - 499,323
2018 - 269,141
2019 - 42,314

Total SG&A expenses for the years 2001 - 2019 - $19,892,201

The claim that Bruce Benn stole $45,000,000 of the company's SG&A funds during any five-year period of time between 2001 and 2019 requires one to conclude that in that five-year period, Bruce managed to steal 2.262193107741069 times the total funds that were possible. In other words, Bruce had to steal $25,107,799 in five years that did not even exist during the entire 19-year period. AND it would mean that he did not spend one single penny during those 19 years for a single legitimate SG&A expense, AND he somehow managed to get the CPAs to lie for 19 years on his behalf in AUDITED FINANCIALS that were then fraudulently submitted by them under oath to the SEC.

IMPOSSIBLE!!!

TPP

[Willy]

Bruce Benn took over 45 million in SG&A from this company. It's in his pocket. He scammed investors and has disappeared forever. No one who owns this defunct Grey Market stock will ever see a penny from it.

[The Penny Preacher]

WOW!!!

Bruce is AMAZING!!!

Somehow he managed to put $45,000,000 into his own pocket in FIVE years using SG&A funds, when ACCORDING to the company's 10Ks from 2001 to 2019 (NINETEEN YEARS) the company only spent $19,892,201 on SG&A. I wonder how he managed to get almost 2 1/2 times that much out of that funds to put into his own pockets. Must be a MIRACLE.

If that man can make money multiply like that so that he can get rich while at the same time meeting all of the legitimate SG&A expenses to keep the company's doors open, he gets my vote for CEO of the Century.

WE ARE IN A MIRACLE COMPANY AND DIDN'T EVEN KNOW IT. WOOOPIE!!! BRUCE IS GOING TO MAKE US RICH USING MAGIC!!!

TPP

[Willy]

Another teeny tiny itzy-bitzy little problem with VLDI is that the CEO received 45 million in SG$A over a 5 year period. That for a company with no employees, no BOD, no officers, no sales force, no production etc. etc. DD shows that the 45 million went straight into Bruce Benns pocket. That's why there has been nothing out of him for the past two years. He banked 45 million from inventors that believed her really had a saleable product. Nice work if you can get it. Bruce is gone, the company is dead, and no one will ever see a cent from this worthless stock.

[shapeman]

Wow. Lots of traction on these posts. But once again nothing tangible.

I don’t know why TPP keeps defending Bruce and whatever is left of his company.

I’ve emailed Bruce multiple times and no response. He’s gone dark. The companies gone dark. Why would anyone ignore the investors that stood by him all this time?

Things that make you wanna go Hmmmmm

[The Penny Preacher]

There is just one teeny tiny itzy-bitzy little problem with the theory that Bruce stole all of our money as we bought our shares of VLDI, After the IPO, none of the money invested by common shareholders like us in shares on the secondary market went to Bruce or VLDI except on those rare occassions when VLDI sold more shares fresh from the treasury. The money most of us put into VLDI stock went to buy shares that had already been bought years ago by investors like us who owned the shares and wanted to sell the stock. There is no way Bruce could have stolen our money since none of it ever went into VLDI's treasury.

TPP

[The Penny Preacher]

Of course, if the company sells new shares after the IPO, they get that money as well.

TPP

[Willy]

Absolutely correct.

It has to be that VLDI is a scam and Bruce just needed a mailbox in a vain attempt to appear legit so could steal the shareholders' money

[The Penny Preacher]

Gee, I wonder why Bruce uses Vista as VLDI's mailing address? Could it be that someone associated with Vista has a direct association with Bruce Benn and VLDI, making them the best logical choice as the company's mailing address if Bruce was determined to keep the location of VLDI's lab secret from prying eyes? NAAAAAH, it couldn't be that simple.

It has to be that VLDI is a scam and Bruce just needed a mailbox in a vain attempt to appear legit so he could steal the shareholders' money.

ROTFL

TPP

[The Penny Preacher]

Yeah, that is the "dropbox" my PF source went to FOUR YEARS AGO. Hasn't changed much.

Due Diligence at its best.



TPP

[Willy]

I talked with Vista years ago and they confirmed that VLDI's mail was delivered to that address and held there for him. He picked it up about once a week.

[The Penny Preacher]

WOW, that is the biggest dropbox I have ever seen.

TPP

[Willy]

https://www.google.com/maps/@45.3346454,-75.7032142,3a,15y,8.78h,92.68t/data=!3m7!1e1!3m5!1sVlZ0vPuIuBP089s-iXe34w!2e0!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fpanoid%3DVlZ0vPuIuBP089s-iXe34w%26cb_client%3Dmaps_sv.tactile.gps%26w%3D203%26h%3D100%26yaw%3D343.35358%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192?authuser=0


Willy

09/16/16 9:33 AM

#12808 RE: Pip611 #12803

Bruce has on all of his 10Q's the company's address as:

6 Gurdwara Rd., Suite 205, Ottawa, Ontario, Canada K2E 5A3

The company located at that address is Vista Credit.

https://vistacredit.ca/dealer-programs/commercial/

There is no VLDI office at that location however Bruce's official mail is delivered there. He must have some kind of arrangement with them.

[Willy]

Yes, sorry, my mistake.

[The Penny Preacher]

Since VLDI doesn't have an office, shouldn't that be, Bruce left the drop box a long time ago?

TPP