Validian Corp (fka VLDI)

[DP1011]

Either way, by far a chicken shit move by Bruce. It’s not coming back.

[The Penny Preacher]

I stand corrected.

I never actually read this forum on a daily basis and I overlooked those posts.

TPP

[Surwin]

This was posted actually on February 22 when it came out by Willy, and it was discussed. .If you read it carefully you will see it only pertains to the common stock.


Copied from the actual form:

.Common Stock, $0.001 par value

(Title of each class of securities covered by this Form)

None

(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)

[The Penny Preacher]

The first thing I have to say is that it is about time that someone here found that document. We have been discussing it on the PF since 2/22.

If you will take a minute to actually READ the header on that form you will see that it is used for a specific purpose.

It is used as a "notice of termination of registration under section 12(g) of the Securities Exchange Act of 1934. We were not able to find much on that purpose that could apply to VLDI. Everything we found SEEMED to suggest that one purpose of the form is to eliminate a whole classification of stock, i.e., a class of preferred stock, or possibly even all Common Stock. Of course, it would be terrible if Bruce used the form to somehow cancel all of VLDI's existing float of Common Stock.

BUT it is more specifically used to justify SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

This PDF document has the best information I was able to find on the subject...

Frequently Asked Questions about Suspending/Terminating Reporting Obligations
[url]https://media2.mofo.com/documents/faq-suspending-reporting-obligations.pdf
[/url][tag]https://media2.mofo.com/documents/faq-suspending-reporting-obligations.pdf[/tag]

The document seems to be saying that the act of "terminating the registration of a class of securities" is the first step required by a reporting company to suspend or terminate its obligations to file periodic SEC reports.

It DOES NOT seem to have anything to do with somehow nullifying our common stock.

It appears that this was Bruce's filing that resulted in VLDI going "gray."

I asked several sources to call Bruce Benn for his explanation. And one source is checking with an SEC attorney to see what he makes of it.

I called Bruce myself, but he did not answer. And of course, I left my usual warm fuzzy voicemail expressing my undying full support and adoration for the wonderful way he has treated his shareholders over the years. <sarcasm>

For further research, I suggest that you start with Rule 12g-4(a)(1)

and

Rule 15d-6.

TPP

[shapeman]

Well. I guess that ends the debate. Sad but true.

What’s TPP have to say now?

[DP1011]

https://sec.report/Document/0001052918-22-000029/#validianform15feb22-22.htm

He terminated his own company, it’s never coming back. Sad

[Surwin]

How is 5 minutes a whole day? Also Bruce does not have a grandiose plan, he has been flying by the seat of his pants for years the only problem is that he has run out of excuses for his failures to sell the product. He failed with pc, server and POS markets and he has failed with smart phones and endpoints as well. Oh yes what a great success Ganthet deal was and the other 4-5 license agreements.

If and when, if ever VLDI makes a real sale I will turn positive, but how can anyone be positive with all the failures, over all the years, at making real sales that produce ongoing revenue?

[Surwin]

The good news is that now that VLDI is gray, no one can hurt us. There are only two things that can happen, total failure, which is now nearly impossible, short of World War 3, and incredible success that will likely make anyone with more than 50K shares a millionaire.

LOL who is trying to to hurt VLDI? Bruce is doing a great job of that all by himself.
Bruce continues to spin stories when it is obvious the gray market is the last nail in the coffin. New spin stories keep coming and some keep believing sad to say!

Bruce has never cared one way or the other whether or not we benefitted from his efforts or lost everything.

Now why would anyone ever invest in a company that had a CEO, chief cook, and bottle washer that did not care about its shareholders? It is obvious he does not care otherwise he would not let VLDI go grey. This comment simply gives more support that Bruce could easily screw the common shareholders to the benefit of the preferreds, note and bond holders if he ever finds someone to buy his story.

[1967novaBill]

Now thats what I am talking about "Positive Info,and Positive comments"
Thanks very much, Great to hear from you

[The Penny Preacher]

You wouldn't believe what Bruce has done even if I told you. And since I cannot prove what I know to be true due to Bruce's ridiculous silence, there is no reason to light that fire.

The good news is that now that VLDI is gray, no one can hurt us. There are only two things that can happen, total failure, which is now nearly impossible, short of World War 3, and incredible success that will likely make anyone with more than 50K shares a millionaire.

The bad news is that until that happens, because of Bruce Benn's outrageous business plan we have no way of publicly disputing the lies and false claims of failure.

We will have to be content with the fact that those claims will vaporize with the first press release.

In the meantime, in my opinion, we will continue to be expendable in Bruce Benn's eyes. Any financial gain that comes our way should be viewed as an unintended collateral blessing. IMO, Bruce has never cared one way or the other whether or not we benefitted from his efforts or lost everything. It is now obvious that we have been a necessary part of his plan. But it is equally obvious that Bruce has never done a single thing with our financial needs in mind.

But, that will not change the outcome for those of us who manage to hold on until the end.

JMHO

TPP

[shapeman]

Always good to hear from you. I miss your posts also. You at least keep it interesting and no matter what happens it can’t get any worse for me with this stock.

[The Penny Preacher]

I am still here. Unfortunately, the things I know cannot be posted here.

As far as I know, everything I have ever said about VLDI's potential is still real.

Hang in there. Our day will come.

JMHO

TPP

[1967novaBill]

Where did the Penny Preacher go , You are the only reason I look at this board.
It seems to be dominated by negative comments , you were positive , I looked forward to your news and comments.

[Surwin]

You are right in relation to to trading the stock, but I was making my reference to fake news, that is if any comes out. It has been silent every year since Rafael's recommendation with the exception of announcing the new website, which removed the history of all the fake news from the past.

[DP1011]

No VLDI will not be the same as every other year. Because now you can’t even trade it. Bruce could sell the company for 20 billion and we wouldn’t see a dime. After grey it gets delisted, by the way.

[Surwin]

Whether Rafael is working with them or not is not the point. VLDI has had a number of companies and individuals working with them over the years like Macadamian. Yes it would be great if he is, since it would be an endorsement that he still believes VP has some potential. But what is there to work on I thought VP was a finished product. At the same time 5+ years has been plenty of time for Rafael to bring at least one of his clients onboard with the product in an ongoing revenue producing application. The point is all the failed sales, which is proof in the pudding that something is seriously wrong or there is an insurmountable road block to making VP sales. There has been sufficient trials in beta and field tests, but not one real sale. So I ask again if VP is such a great product, so easy to integrate with other software, and it is middleware that should be added to every cybersecurity tool box, why hasn't anyone become an ongoing revenue producing client after their initial trials/tests?

Also once again if Bruce ever cared for his shareholders and there is any truth that they are close to some big announcement why would he let VLDI go dark and grey. Common sense once again tells one that you can't believe what he says in private or public.

So what is the hold up with the 20+ qualified potential sales which too are over 5 years old? I will make a bet that 2022 will be just like every other year for VLDI of the same old same old. Nothing ever changes and time just keeps passing by.

[The Penny Preacher]

AMAZING!

TPP

[Surwin]

Just to the contrary emails are very effective since anyone can claim someone said this or that in a phone call and it is all hearsay without any proof. Just like Bruce always says one thing to shareholders over the phone and something very different in print.

Second Rafael was very forth coming with information and responses to my questions which I have posted here more than a few times. Of course I did not post anything without his permission So he was very comfortable in letting everyone know his true opinions in writing. To this day I remember the two statements I found the most significant. The first was the statement that even thou VP was counterintuitive and radically innovative it just might be its own biggest obstacle to over come with the old boys network and the difficulty in deviating from the norm. Also that VP was not the cure all that Bruce claimed and it may have its own market niche. I can support my statements with his actual emails where I could not if I made a phone call unless I recorded him with his permission but then that would be harder to post on this forum.

BTW to this day with VP being Middleware and so called easy to integrate, I can not understand why everyone would not simply add it to their existing cybersecurity tool box.

Like I have said common sense goes a long way when looking at Validian's history of failures.

[The Penny Preacher]

I overstated my case in my last post. I apologize. I actually did say "I think someone needs to send Rafael an email." However, I did not just send him emails. My point was that I have actually confirmed his involvement with VP four ways.

TPP

[The Penny Preacher]

That is because I did not say anything about emailing him. Emails to him years ago from some on this forum demonstrated how useless that approach is. That is not how I got my information. They have developed a brand new form of communication that seems to be catching on. In fact, I think it might be here to stay. It is called a "Tell-E-Fone" or "Tell-A-Fone" or something like that...I can't recall for sure. I tried it with another new-fangled approach to due diligence they call "net-working" or "net-workin'" or something.

It worked reeel good.

TPP

[The Penny Preacher]

Glad to hear that I brightened your day. That's what I live for.

TPP

[Surwin]

LOL, first you say we should contact Rafael then you criticize those who try.
Very funny!

[Surwin]

Dear Rafael Gorgal

It has been over four years since your glowing recommendation on Validian and their VP cybersecurity software.. You were very kind to answer my questions back then. so I was wondering if you are still working with Validian and do you still believe that software has some potential?

[Willy]

Here's an email I received from Rafael in 2017. Notice he states if I need anything else just let him know. Only thing I would like to know is if he is still in contact with or working with Bruce. I don't want to know any trade secrets. If the email address that Surwin posted is his new address then I may here back from him since my question was a very easy one to answer and does not require the dissemination of any proprietary info.

Rafael Gorgal <[e-mail]>
To:


Tue, Dec 5, 2017 at 2:18 PM

Hi


My pleasure, happy to help anytime.


Sure, feel free, happy to assist if you think it's prudent.


If you need anything else, just let me know.


Have a great day,


-Rafael-


Rafael Gorgal
Partner
G-C Partners, LLC.
[e-mail]
214-641-2602

[The Penny Preacher]

Dear Mr. Gorgal,

I am an investor in VLDI. I understand that you have been working with VLDI and its management for the past five or six years to perfect their cybersecurity product, ValidianProtect.

Please tell me all of their secrets.

Thanks in advance.

TPP

[Willy]

Thanks I will give that address a shot also.

[Surwin]

! agree 110%, nobody cares including Bruce and that is sad for all those that listen to the spin meister.

[Surwin]

That is exactly mu point if Bruce cared about his shareholders he would have never allowed VLDI to go to the gray market and would be doing everything in his power to resolve VLDI to a fully reporting company, But Bruce is too busy make sales that never materialize in ongoing revenue. Yes what ever happen to Ganthet, and the 20+qualified sales leads in various stages of negotiations, LOL. Until VLDI gets back to a fully reporting company if you are invested it is dead money and if you are not thank God you got out in time, since all common shareholders are screwed until that changes if it ever does.

[Surwin]

It is just the opposite everything gets old with VLDI and nothing ever makes any sense, except for those that still listen to the spin meister after all these years of PR sales that never materialized.

[Surwin]

Not knowing were you are getting this from, I just commented on the list of nine mostly one man companies he has registered in his name of which 5 are active and 4 are inactive. It just gave me an oh my!

Also funny that he longer has a website, or least I could not find it, since before he did have a nice website with his G-C partners.com listed Company before it became inactive. Curious also why it become inactive and G-C Forensics company became active in 2019.

[Surwin]

I did not get a reply yet, but it looks like this email address works, since it did not get kick back as non-deliverable.:

[e-mail]

[The Penny Preacher]

If you already own VLDI stock, you can't sell it because they are on the Gray Market, so, relax. Your money is safe. Stop worrying. You can't do anything to change your situation so enjoy the wait and the ride.

If you don't own VLDI stock, you can't buy it because they are on the gray market, so, relax. You can't do anything to change your situation either, so just enjoy the view from the spectator's gallery. There will be a nice safe mutual fund out there somewhere for you to make a few dollars profit, so all is not lost.

JMHO

TPP

[The Penny Preacher]

This stuff never gets old.

Due Diligence at its best.

AMAZING!!!

TPP

[The Penny Preacher]

Yeah, Rafael jeopardized his 35-year International reputation as one of the top cybersecurity experts in the entire world to help Bruce Benn scam a bunch of penny stock investors out of their money, and he did it for free, cuz he is such a faithful friend of the company.

Yeah, that is what happened.

Yeah, I believe it...I believe it...I believe it.

AMAZING!!! TRULY AMAZING!!!

TPP

[The Penny Preacher]

Not hardly.

[The Penny Preacher]

That's not my problem.

I already have his email.

TPP

[Surwin]

This email might work [e-mail]

I sent him a message and will let you know if it got to him.

[Surwin]

That is the same email address I have for him [e-mail]. The company G-C partners looks like it disappeared as well since the website no longer exists. G-C partners.com is available on the Go Daddy site. It looks like Rafael has about 9 companies and only 5 are active. G-C partners is now inactive and probably has been replace with G-C Forensics founded in 2019, but there is no website. With all these one man operations makes me wonder!.

https://www.corporationwiki.com/Texas/Dallas/rafael-gorgal/36873297.aspx


This is getting funnier by the day sorry to say,

[Surwin]

Yes why would anyone talk to someone who lies about sales, his role with Ganthet Sham and all the sales that never took place after trails.

[Surwin]

No you need to ask Rafael why after his glowing recommendation even thou he gave caveats indicating that it was not the cure all and that he would recommended the product to clients if it was a appropriate fit, why in four years he has not got one single one of his clients to take on the product! That says it all.

Even thou this is a serious reinforcement of the product failure it does not negate the fact the VLDI common stock is worthless and the stock is still on the grey market. Like I said if Bruce was going to reward his common shareholders he would have never let VLDI go dark and grey.

[shapeman]

If TPP can’t get us the answers then nobody can

So TPP. This is your moment. The days over now. It’s time to shine

[DP1011]

Dead in the water. Bruce retired along time ago with everyone’s money.

[Willy]

Pretty hard to send him an email if we don't have his latest email address.

[The Penny Preacher]

No

[Willy]

I just did and got A yahoo failure to deliver message. I used the email that I used in 2017 to correspond with Rafael [e-mail]. If you have his latest email could you please post it.

[The Penny Preacher]

Why would anyone want to waste his/her time actually talking to the CEO of VLDI to find out what he is trying to accomplish when they have an Internet forum they can read that has cutting-edge FACTS about the company? Seems like that would be a waste of time and effort to me.

If such a concept actually caught on, it would give the term "due diligence" a whole new meaning.

Wouldn't want that to happen.

TPP

[shapeman]

I continue to find all of this very entertaining. Sort of like watching a Seinfeld episode over and over again. The episode is always the same but also always as funny.

I wish someone on this forum could find out solid information directly from Bruce for all of those in our situation.

I would imagine he has some responsibility wether ethically or legally to respond to investors.

Any thoughts?
Anyone have any current contact information?

[The Penny Preacher]

I think someone needs to send Rafael an email and ask him why he is still working with VLDI if all that we have heard on this forum about VP is true? And then ask him why he hasn't realized that VP doesn't work after working with the project for the past six years? And be sure to tell him that we would have thought that someone with his cybersecurity credentials would have figured out after all of those FAILED BETA TESTS and FAILED CONTRACTS and LOST CUSTOMERS and ZERO REVENUES that Validian Protect doesn't work.

And don't forget to ask him why he is still willing to work with Bruce Benn given the FACT that he is such a scam artist and thief?

Be sure and let us know what he says.

Thanks in advance.

TPP

[Surwin]

Just ask yourself one question, if Bruce was on the up and up why would he let the company go dark and stop reporting and let the common stock go to the grey market.

A little common sense goes a long way with VLDI. If VLDI every cleans itself up and gets back to a normal trading market it might be a sign there is something ahead, but as long as it is on the grey market the common stock holders are screwed, plain and simple.

[Surwin]

Probably because there is nothing to sell, if there was valve in doing it you better believe they would!