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Oh and just for some clarity...
http://www.webopedia.com/quick_ref/Channel_Partners_And_Programs.asp
BTW - I called and spoke with the CEO @ Secure City Solutions and validated the Dec '14 PR. He wouldn't elaborate on much, but he did say they were working with Validian.
So there's that...
Any news with SUBSTANCE would be good at this point.
Great question. Check out CyberArk as well. That stock is up 20% in the past two days.
Mobile device malware now getting lots of press. PERFECT!!
http://www.telecompaper.com/news/around-16-mln-mobile-devices-infected-by-malware-study--1065142
2015 the year of the healthcare hack
https://ca.news.yahoo.com/experts-warn-2015-could-healthcare-hack-171936494--sector.html
Just curious? Has anyone spoken with Secure City Solutions?
@60Minutes: Why worry about the Internet of Things? Because “there is no real security going on,” says @DARPA
This was on 60 minutes last night....
http://www.cbsnews.com/news/darpa-dan-kaufman-internet-security-60-minutes/
Mandiant to the rescue (not really)....
http://www.scmagazine.com/anthem-brings-in-mandiant-to-investigate-resolve-breach/article/396749/
It might be? It's normal to be skeptical. But I highly doubt it IMO.
I think once this company got this mobile application figured out, which was last summer, this is when this thing really started taking off. Based off of the progressive nature of these PR's I don't think this company has ever been in this position before. Particularly coming off a PR where they've actually named a collaborating entity (SCS) with military ties. I mean, that's a big deal all in itself. Commercialization has to be close, plus time is straight running out... Competition is fierce and there are lots of smart folk out there developing game changing stuff all the time. Bruce knows his time is running out.
Bottom line! Like Fido said... This is a gamble. But I like my odds and I'm willing to take the bet.
Yes indeed. Great post.
Anthem has also retained Mandiant, one of the world’s leading cybersecurity firms, to evaluate our systems and identify solutions based on the evolving landscape.
So basically Anthem is going to pay Mandiant a boat load of money to come in and confirm they've been hacked and why? Then install there very expensive intrusion DETECTION systems that will notify them when their system gets hacked once again.
This is great article explaining the exact problem Validian's last PR addresses
http://www.infosecurity-magazine.com/news/twofactor-authentication-set-to/?utm_source=twitterfeed&utm_medium=twitter
Yeah man. I have been here a while. And regrettably I haven't sold.
I like the business model and I def like Shane. It's just too bad we have charlatans running the ship over here.
Do I think all is lost? Ehhh! I don't know? I am interested in adding more, which would be the right thing IMO(at this point) but just not right now. Then look to trade this thing and RUN FOR THE HILLS and don't look back.
Maybe you guys need a refresher on the definition of Death Spiral Financing.
I wouldn't be buying now, when you know this PPS will be significantly less in no time.
Figure out how much more debt/convertibles remain, and track the OS. Once we hit bottom, then you buy. My guess it'll be .0001
For a good example of this, check out FLST. This was a Chuck Arnold deal.
Thanks Greg, Chuck and Barry! You guys should be proud of your ability find bag holders. Your families, especially your kids and grandkids should be very proud of you.
Maybe one day they'll get to see you guys starring on American Greed.
Death spiral financing is a process where convertible financing used to fund primarily small cap companies can be used against it in the marketplace to cause the company’s stock to fall dramatically and can lead to the company’s ultimate downfall.
Many small companies rely on selling convertible debt to large private investors (see Private investment in public equity) to fund their operations and growth. This convertible debt, often convertible preferred stock or convertible debentures, can be converted to the common stock of the issuing company often at steep discounts to the market value of the common stock. Under the typical “death spiral” scenario the holder of the convertible debt initially shorts the issuer’s common stock which often causes the stock price to decline at which time the debt holder converts some of the convertible debt to common shares with which he then covers his short position. The debt holder continues to sell short and cover with converted stock which along with selling by other shareholders alarmed by the falling price continually weakens the share price making the shares unattractive to new investors and can severely limit the company’s ability to obtain new financing if the need arises.
An important characteristic of this kind of convertible debt is that it often carries conditions like a quarterly or semi-annual reset of the conversion price to keep the conversion price more or less close to the actual stock price. But a lower conversion price also increases the number of shares that a bond holder gets in exchange for one bond, increasing the dilution of existing shareholders. A lower price reset can also force investors that have set up a long CB/short stock position to sell more stock ("adjust the delta"), creating a vicious circle, hence the nickname death spiral.
The companies that are willing to agree to financing on these terms are often desperate and could not obtain funding through any other means. The terms, though viewed by some as onerous, give the lender a potential way to recover their debt regardless of what happens to the shares of the company. The lender would have a potentially greater gain if the shares were to increase in value but if they do decrease in value, there is some protection. If this were not the case they would probably not be willing to lend the money given the poor risk profiles of the companies interested in this type of financing.
See alsoEdit
Convertible security
Convertible bond
External linksEdit
Bank of America Bails Out Countrywide forbes.com
At death's door Stockpatrol.com
‘Death spiral’ financing catches on in Japan Mahalanobis
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It's true. The Irish boys are busting there ars'es and doing what they need too to grow this biz with the limited resources they get (and this hardly matters) while Trautman, Brookstein and Arnold run this kamikaze style right into the ground. You have to wonder about the back door deals that go on with these guys and these lenders. Shady central.
I trying to be as pragmatic as I can be as I've been in this stock back when it changed names from COPI. And yes, my shares are basically worthless.
I believe the bashers are correct in many of their assessments.
But I also believe this company is real (they have a tangible product), it's revenue generating and growing, it's actually being run and operated by two hard working Irish guys (Shane and Gareth) who actually give a shit about the success, and even though Trautman and Arnold have God awful reputations, at least we know they and insiders have their own money invested in this thing.
Yes dilution SUCKS! Toxic debt is the devil. We all get it! Blah!!!
So the OS goes up another 100 or 150 milly or more. Blam!!!
I still think that once they stop this bleeding, they will continue to grow regardless, and this PPS will rise again. It just ain't happening real soon. This is a new company and growing pains are real and sometimes they hurt. And sometimes they fail? Then you move on! Who knows?
Good luck to you all....
Yup everyone is waiting for this HUGE cataclysmic PR. Which we hope happens in Q1. It'll be a really big deal for the company as they'll need to be prepared internally to handle the sharp uptick in activity, including all that goes into customer support and running a fast growing company from an operations standpoint. Right now Bruce is pretty much handling everything and that will definitely change.
This statement out of the latest PR really resonates. I keep re-reading it because it's hugely significant, particularly on the mobile side where it is ENORMOUS! This is where end points come into play exponentially.
"Validian is the first company in the market able to integrate the authentication of applications with the authentication of the end users and the authentication of host hardware for both mobile and non-mobile devices."
NO! I don't have PM. Still holding
Fair enough. Thanks for clarifying GC!
On August 20, 2014, SeanieMac International, Ltd. (the “Company”) entered into an exclusive marketing agreement (the “Marketing Agreement”) with Overseas BC Marketing, Inc. (“BC Marketing”)
This company filed on August 19th.
Dude this smells like LOW TIDE on a hot summer day while a flock of seagulls all with a bad case of diarrhea are pecking away at a dead decomposing whale.
Please someone prove me wrong!!!
Wow! They sound like a real powerhouse in the industry!
I'm just curious.
Has anyone tried looking up this company Overseas BC Marketing, Inc?
I agree. The market is ready to see the proof in the pudding. It's hard to decipher when that will be, but my guess is we are pretty close. I'm thinking that when this hits, it's going to be hard and fast.
I just re-read a few of the older PR's in 2014.
This one from June '14 caught my eyes immediately.
Under the Channel Partner Agreement and Licensing Agreement signed in June 2014, Validian's new channel partner will be installing Validian's core technology platform, ValidianProtect, and integrating it into a number of mobile and non-mobile solutions beginning in July 2014.These solutions then will be deployed to the channel partner's existing customer base in professional and financial sectors.
"We're thrilled to collaborate with this new channel partner on the licensing and integration of ValidianProtect within a series of solutions designed for their growing customer base. With the development of these solutions, our new channel partner is projecting initial deployment to approximately 1 million end users during Q3 and Q4 2014 for non-mobile desktop applications. Following the completed migration of ValidianProtect to mobile platforms expected in Q3, the number of end users, and therefore endpoints, in Q4 2014 is anticipated to increase significantly for mobile versions of these applications as well," stated Validian President and CEO, Bruce Benn.
RE: Xbox and Playstation Hack
Lizard Squad spoke to WinBeta on Thursday via an encrypted connection, asking the group about their motivations and methodology. Here’s what they learned:
Taking down PlayStation Network and Xbox Live started “for the laughs,” but eventually they found a cause to rally behind: Forcing these companies to upgrade the security on their networks.
Lizard Squad chose Christmas Eve and Christmas Day because they believed “it would anger and reach the largest amount of people.”
The gang considered taking down Nintendo’s online service, but did not, for no particular reason given.
When asked if the group would consider addressing other targets, Lizard Squad said they “could take down NASDAQ if they wanted to damage the economy,” but said that’s not their goal.
The easier game network to take down was Microsoft’s Xbox Live. Sony had apparently upgraded its security recently, which took “a bit of time to work around,” but Microsoft had “almost nothing” in terms of security.
Lizard Squad offered no timeframe as to when these attacks would stop: They said they’ll continue until the companies “learned from their security issues.”
My nephew couldn't play his new Xbox Live today because it's been HACKED!
http://www.nbcnews.com/tech/tech-news/hacked-xbox-playstation-networks-both-go-down-christmas-n274821
The HACKERS are winning!!
You mean this? I haven't looked in a bit but this looks newly updated.
Validian - About
Validian is the next generation of Intrusion Prevention Against Cyber Attacks that fully secures existing and/or new mobile, non-mobile and web applications on, and the storage, access and transfer of digital information and data on or between, mobile and/or non-mobile devices over wired, wireless and mobile networks for peer-to-peer, client-server and server-to-server transmissions.
Validian has invested over $40 million in developing and completing its underlying technology. There are no other technologies or solutions, including Public Key Infrastructure (PKI), Secure Sockets Layer (SSL), Transport Layer Security (TLS), Intrusion Detection, Intrusion Prevention or Threat Prevention, that do what Validian does the way that Validian does it.
Validian uniquely provides:
Next Generation of Intrusion Prevention Platform that PREVENTS, not just detects, hacking and unauthorized access of critical applications and of sensitive Digital Information, including impersonation, spoofing, phishing, SQL injections, Man-In-The-Middle and Man-In-The-Browser attacks. Validian has the only technology that PREVENTS more than 90% of the cyber attacks in the world today because more than 90% of these cyber attacks are targeted at the application.
Next Generation of Policy Management, the Validian Information Policy Management Platform which enables IT managers to provide and to reconfigure dynamically policies governing communication of data, including changing encryption algorithms, keys, key life time and level of compression, and to distribute these automatically, immediately and transparently to all end points without having to re-develop or re-install the software. No other technology or solution can do this - Mobile Device Managers cannot dynamically change policies. Furthermore, SSL is stuck with the "PICK ONE" syndrome of coding only one algorithm and symmetrical key, which takes several months and significant cost to change even once. Current Validian policies apply Authentication, Encryption, Key Management and Variable Compression, but other policies, such as Permissions & Access Control, Information Redaction and Billing can be added.
encryption of the data inside the sending application followed by secure transfer of that data in a virtual tunnel from inside the sending application to inside the receiving application where it is decrypted, so that the data cannot be stolen before the encryption process or after the decryption process. All other technologies use industry standard "end-to-end" encryption, including SSL, PKI, PGP and VPN's, where data can be stolen just before "end-to-end" encryption encrypts the data or just after it decrypts the data.
encryption & decryption using "dynamically changing" instead of "stored" symmetrical keys to encrypt data or Digital Information of any size, type and format, including: sensitive Government, business and personal information; confidential medical records; texting; pictures; and music, videos and movies. U nlike SSL, PKI and VPN's, with Validian the keys cannot be stolen to decrypt stolen encrypted data .
Variable compression and encryption of the same data at the same time inside the sending application. SSL cannot compress and encrypt the same data rather only compress or encrypt.
Secure peer-to-peer communications as well as client/server and server-to-server. SSL cannot secure peer-to-peer.
Rapid, Consistently High Quality Development of Secure Applications, wherein Validian's technology can be integrated into an existing or new application by any developer, without any security expertise or experience, in an average of a few days, whereas SSL requires a developer with security expertise and can take from 4 to 24 months per application.
For more information, contact info@validian.com
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Prediction: 2015 the year of the hospital hack!!
http://www.technologyreview.com/news/533631/2015-could-be-the-year-of-the-hospital-hack/
This couldn't be scripted any better...
http://m.kirotv.com/news/news/cyber-security-expert-warns-us-response-north-kore/njXZP/
Agree but I don't think we'll here any reviews from SCS per say. My guess is they've already vetted the hell out of this technology or they wouldn't even think to integrate it if it didn't work.
I'm only speculating but that's my guess. Either way there's no question we know we are on a good trajectory. How it plays out who knows?
Right. The fact that VLDI is working with SCS (military applications) now, means the product has been validated and works. The last piece of the puzzle is the monetization/revenue generation piece.
When will then be now? Soon!
I was really pondering this today...
I honestly believe that as soon as VLDI mentions the word "revenue" or "contract" but particularly something monetary, this PPS could run to multi-dollar in a day or two. Major investors have to be watching this sector carefully and as soon as they get a whiff of a growing successful start-up like VLDI, then KABOOM!
I don't even feel like I'm dreaming/hoping...being that the demand is so fierce!!
WOW! This is unreal.