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What a joke;
Validian has persevered through the past 2 years to break through barriers to market entry by undertaking the following:
Validian Corp. (OTCQB:VLDI) ("Validian" or the "Company"), the first-to-market provider of next generation of cyber security technology for the management and protection of digital information, data and assets, today announced that it has developed and launched portable demo labs to provide live, interactive demonstrations of its next generation cyber security technology to meet the increasing inquiries from prospective customers and channel partners as a result of recent successful public cyber attacks against Google, Facebook, Target, Neiman Marcus and a host of other major companies in the Retail, Banking, Health, Defense and Government sectors.
These live demonstrations enable prospective customers and channel partners to utilize and experience Validian's radically innovative and potentially market disruptive technological capabilities including: authenticating applications thereby preventing their hacking and improper access; dynamically changing cryptographic keys thereby preventing their theft for decryption of stolen encrypted data; encrypting and decrypting data at inception so that it never travels in the clear at anytime, which was a major point of theft in the Target cyber attacks; and the ability to change any or all of these "policies" at anytime, which then automatically, immediately and transparently exist at all relevant end points without having to recode, download or install.
Bruce Benn, Validian President and CEO, commented, "Ongoing successful cyber attacks against major companies, that are already utilizing best-of-breed security measures, resulting in billions of dollars of economic losses and untold legal liability, have made it obvious that existing security technologies may be necessary but are neither sufficient for, nor capable of, preventing these cyber attacks and losses. This has resulted in an ever growing number of inquiries about Validian's next generation of cyber security, which is the only technology in the world today that has been specifically designed and developed to thwart these types of cyber attacks. Validian has the ability to set up live demonstrations in less than 15 minutes; to make remote installations anywhere in the world in less than 60 minutes, instead of weeks to months; and to enable any developer to integrate Validian's cyber security in a day to a few days instead of 6 to 24 months by a security expert. These are cornerstones that will enable the rapid adoption and roll out of Validian's cyber security technology."
Validian is currently undertaking an ongoing series of live demonstrations to meet increased interest and inquiries seen as a result of recently publicized cyber attacks, and is scheduling the next set of installations to be implemented in the current quarter. These installations will provide Validian's prospective customers and channel partners with an opportunity to evaluate and validate its next generation cyber security technology and to develop a plan for roll out through their respective organizations.
It looks like .025 did not hold so next support is .018.
If .03 does not hold next support level is at .025 followed by .018
Also still waiting to hear why no one from the 3 year old pipeline of 20+ qualified potential sales leads, ended up signing an ongoing revenue agreement, especially after Rafael's glowing recommendation which will be two years old soon.
No fundamentals to justify the current price and the website fluff wearing off, usually means that the technicals on the stock are over extended to the upside and overdue for a reversal.
I could not agree more and I believe this run is over and the next leg is down, especially with volume evaporating, but of course it first needs to close below .03 for a couple of days for confirmation.
The current 5 day trend and like I said a reversal here is possible, if VLDI closes below support. The technical trader always looks at current data since it is constantly changing and usually give a good indication of the next move.
Also still waiting to hear why no one from the 3 year old pipeline of 20+ qualified potential sales leads, ended up signing an ongoing revenue agreement, especially after Rafael's glowing recommendation which will be two years old soon.
No fundamentals to justify the current price and the website fluff wearing off, usually means that the technicals on the stock are over extended to the upside and overdue for a reversal.
Yes VLDI is a fat finger mistake and the testing of .03 continues and VLDI is making lower highs and lower lows for the last 5 days in a row.
BTW I have no problem buying at the low or selling at the high, hindsight is great, especially when there was no fundamental reason to buy and all the reasons to sell a stock that can commercialize a product in over 20 years.
So why has not one single qualified potential client from the sales pipeline of 20+ from 3 years ago step up to the plate as a on going revenue producer?
BTW the high was put in on May 31 @ .10 since then it is making lower highs
I have been looking at the longer trend and that is why I said the weekly looks like it wants to go positive, but if .03 does not hold that trend may be reversing Short term or long term who knows only time will tell), since it did start in November 2018.
The dailies do indicate the possibility of beginning of a reversal. It starts with the dailies then filters down to the weeklies and then the monthlies etc. The dailies have been positive, the weeklies looks like it wants to go positive, but the monthlies have a very long way to go.
BTW without any fundamentals to support this run it will die a natural death.
So why couldn't they get one single potential client from the 20+ sales pipeline to come on board and produce on going revenue?
Still waiting to hear why no one from the 3 year old pipeline of 20+ qualified potential sales leads, not ended up signing an ongoing revenue agreement.
Oh, I forgot they did not have the new and improved website as a sales tool back then and that is why they all ran for the hills.
Take a closer look at the charts since topping out at .045 on October 15th VLDI has been in a small downtrend always seeming to find support around .028 but making lower highs on the daily charts. The MACD is also looking like it will cross soon to the negative side on the daily chart. The weekly chart still looks like it wants to cross to the positive side with the 50 crossing above the 200 SMA, but that could change quickly if VLDI breaks down with a close below .03 on the weekly chart.
I believe the next couple weeks will determine whether this run is over or if it can continue. BTW Q3 should be out by 11/15.
First Bruce only started to run out of common shares to issue a couple years ago when he issued all these convertible preferred stock that took VLDI on a fully dilute basis to close to a billion shares when they only have authorized 700M. In the course of history VLDI has spent over $35M on Sales and Marketing without making a single real sale producing ongoing revenue. Where do you think all that money went? I have a good idea.
Just smoke and mirrors like the Ganthet deal!
FYI I said if it closes below .03 and this is this is only the second day in a row it tested support. The more often a stock tests support the greater and stronger the move when it breaks support.
LOL, LOL, LOL, The only thing working is the spin meister and he is hard at work trying to figure out how to keep this company alive without any real sales and how he is going to refinance the cash promissory notes.
The website was release on Oct 2. The breakout of the downtrend on the dailies started in November 2018. In fact those that were buying on the website updated fluff are now probably selling, since it was digested and the smoke is clearing and many are seeing thru the mirrors and do not see a sales tool. only the spin meister at work.
VLDI is today testing support at .03 once again and if VLDI closes below .03 we may have seen the beginning of the end of this run as smart investors once again dump VLDI for Bruce's failure to produce a single sale in over the last 3-5 years that has produced a commercialized product and ongoing revenues. The website is all fluff and is moving backwards from 20+ qualified potential sales pipeline that is over 3 years old and has gone nowhere.
Why does not Bruce explain why they all ran for the hills!!!!!
We’re looking forward to a successful Q4 as we position ourself for new growth. Using our new website to promote a world-class product is going to be a great support in this.”
I have been predicting a rinse and repeat, r/s and/or increase in share count since VLDI stopped issuing shares and began all financing with cash promissory notes which are not convertible. With only 11 million common shares left unless they produce positive cash flow it is inevitable something has to give. I still believe it will happen this year without a positive operating cashflow. Only logical.
Yes, VLDI is in an uptrend since about 11/20/18 when the 50 SMA crossed the 200 SMA to the positive side on the daily charts and it could as well go positive on the weekly charts since it is close after being in a down trend for over five years but it still has over 100% to go to simply get back to the high of.105 from over 5 years ago.
If you are holding a large position and you have a profit, congratulation are in order. I am always for taking a profit. Just be careful if others with large position all decide to dump when Bruce once again fails to sign a real agreement with a real company, with a commercialized product producing ongoing revenue. Until that happens yes trading in and out of the stock makes sense based on technicals, but it still is no investment, especially with no real news in close to 2 years and a bad attempt to revamp a website as a sales tool without any working contact information (LOL). Smoke and mirrors as always with Bruce and sales that never happen. Just wait and see history will repeat itself as it has for the past 20 years for VLDI.
LOL, rinse and repeat and/or r/s does not reduce price. An increase in authorized shares when the shares issued will!
Waiting for the wrong thing.
Interesting GTSM is sitting on both the bid of .0351 and the ask @ .036 and seems to be buying so far about .5M shares at .0351 while only showing bid size of 10,000 shares.
The rinse and repeat, or increase in authorized share count, or the R/S are all still possible by YE. One needs to realize this has been just my prediction based on the lack of stock to handle the fully diluted basis of the convertibles, lack of stock to handle additional financing, and inability to make any real ongoing cash producing sales to service the cash accruals on the cash promissory notes. If that ever changes so does my prediction.
I highly doubt it will change and the latest stock price move has been nice especially since it has been slow and steady which does build technical strength. The only problem I see is that volume still is light and that there is no fundamental information to support the current move in stock price, at least no information that is public knowledge. That is why I expect the pump with or without any substance will happen soon. ! Any info put out without substance to support this move makes it less likely to continued and the smoke and mirrors will once again consume VLDI's stock price as in the past. JMO
The games they play continue. They paint the tape with two 100 share transactions one @ .0375 and one @.0384 at the close with the prior transaction of 500,000 shares at .035.
Let see the bid of .036 and the ask of .04 were at the open but some painted the tape with a trade of .045 for only 2250 shares. Then we see the pull back I mentioned to expect yesterday.
I just love these games they play. At least prior resistance at .03 seems to be holding as technical support.
Another major smoke and mirrors press release would be the pump.!
I would say that is true if there is any justification for the move, like a major press release, that is why I mentioned look for the pump! If it is simply a technical move without any further justification there will be sellers.
FYI BIMI is on our list for today as well!
Believe what you want, but for those that do not believe we day traded SES and BIMI yesterday you can verify that they were on the https://greatstockpix.com/ site as gap plays early in the morning. BTW I am a life time member of that site.
Regardless the fact remains their gains were over 211% and 558% in just one day, LOL.
Verify your facts before you make wild accusations.
VLDI up maybe 300% from its low, but still has over 300% to go before it hits its 15 year high of .105 where I sold the majority of VLDI.
day trades do not need spin meisters, it is all based on technical trading. SES up 211% and BIMI up 558% both in one day.
Not true, volume limits the buy and the sells. Yes you could have accumulate over time a sizable position @.006, but it would also take an amount of time to unload any sizable position. If one puts up for sale a million shares you will immediately see the offers drop.
I stated before that VLDI is a trade-able stock, but it has absolutely no fundamentals to make it an investment. If it did I would have invested when it was below .006.
I always love technical trading because it takes all the emotion out of buying and selling a stock.
Confirmed breakout, but watch for a pull back first since the RSI is over 70.
Watch for the pump and dump!
It looks like VLDI may be trying to position itself for a strong opening from a technical basis:
https://wsnewspublisher.com/index.php/2019/10/14/tech-stock-to-watchvalidian-corp-otc-usvldi/
So out of 1,078,663 shares that traded today 1,012,339 were @ .03, 65,224 were below .03, and 1,100 were above .03. Also almost all trades or about 1,042,913 were on the buy side. fwiw
First I never stated VLDI would head for trips. Second if you have been reading my technical analysis I have stated that VLDI looks like it wants to break out to the up side and if it can close above .03 for a few days that break out would be confirmed. Third there is still strong resistance at .03 level, since painting the tape with only 1100 shares at the close above .03 means VLDI also needs volume confirmation.
Stupidity does not change with time, and in VLDI case it simply increases!
Doing the right thing and testing and making a splash and creating actual results with a new website is what matters. Incompetence from a CEO and a company that in 20+ years of trying to commercialize a single product and failing is what we know and what counts. So yes I am not surprised by the incompetence and stupidity of VLDI and Bruce's actions of putting up and promoting a new site without testing it and verifying that the new site is fully functional. Just as I was not surprised at the Ganthet sham of a deal.
BTW I never thought the new website would make any sales difference, since after two years of silence and negotiations with major and minor potential clients it is just too little and too late to have any effect on making sales.
Maybe Bruce needs to direct those that have been negotiating for two years to go to the website and maybe that will get them to sign as clients, LOL!
VLDI ... --- ...
Would it of made more sense to leave the old website up and running until the new one is fully functional. I have seen old website come down and new ones come up in the same day and they are fully functioning sites!
Like I said total incompetence from Bruce!
I could agree more after all the lies and failures there are still believers it is baffling!
Thanks for the info, it is greatly appreciated. Just one question. How long does it take for VLDI to do that if they really want to start receiving inquiries about the VP product from those going to their website?
It is Morse Code for S