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I am from Missouri "the show me state". Bruce is from the land of Oz, so do not listen to the man behind the curtain.
Of course he talks to his wife and daughter all the time! He does not talk to those that see right through his spin stories and continual ask the hard questions which he refuses to answer, like what happen to the pipeline of over 21 qualified sales leads which is now 3 years old when they were in the final stages of negotiating a deal.
Yes average 7- 8 PR per year and now none. Yes it is correct in the last two years nothing to put out because all the prior PRs were simply spin stories that never happen when it comes to actual sales!
Bad sign all that tested especially the two OEM mobile solution providers walked away over 3 years ago after testing. Unless one is still waiting for the global rollout , LOL.
I guess he failed at that as well, lol.
Interesting, since I went onto OTC today to read the financials and for each topic it states the following for VLDI:
OTC Disclosure & News
No financial reports have been posted for VLDI.
SEC Filings
Data temporarily unavailable.
INSIDER DISCLOSURE
No insider disclosure available for VLDI.
SEC Transactions Last 2 Years
No SEC transactions available for VLDI
I guess they must be updating what was reported on Friday!
I just love it when ones makes a statement like " Bruce still talks to a few.. "and then can not support that statement with facts!
Yes, A good strategy to let the stock fall to sub penny level and not put out a single PR in close to 2 years. Yes Bruce has been working quietly while hiding out, since he has to figure out how to do his rinse and repeat.
It should be clear that if some says this product is the cure all and you should buy it and everyone that tests the product walks away from it is the same thing as a used car sales telling you the car was only driven to church once a week by a little old lady. Thus the spin meister.
I am curious if TPP ever got hold of Bruce to have a virtual shareholders meeting. TPP can't be too happy with the total lack of communications and results to date.
Bruce is either 65 or 66, but age really has nothing to do with it, just look at Warren Buffet at 88 years.
Ability has everything to do with it. Bruce a novice CEO of a public company with no Cyber security background and a string of failures to commercialize one single product has everything to do with it. In comparison to Warren string of successes.
Most are waiting for the last shoe to drop and total confirmation that Bruce and VLDI are down and out. Few are waiting for the long shot, which is highly unlikely for all the reasons discussed it the past.
I would not buy a used car from this guy!
Bruce may not out right lie, but he sure is skillful as a Spin Meister. He leads one on just enough to avoid outright lies. Yes, he is smart for an attorney at spinning a story to naive investors by always avoiding answering the hard questions. It is not what he does say it what he doesn't say. That is why most naive investors get taken in by him.
No I am waiting for the rinse and repeat, because that is what the road signs are saying, especially the total lack of communications in close to 2 years, but if wrong and they actually sign a commercial agreement with a real client producing real on going revenue I will be prepared to reverse course, but that is a long shot like one in a million. Until that happens which is a big if, VLDI is dead money.
Bruce was putting out on average at least 6-7 PRs per year prior to the last 2 years. Why do you think that has stopped? My guess is two fold, first the spin stopped working and second they ran out of money to continue the spin. In other words reality set in that VLDI is going nowhere fast.
I too have stated too many times that I sold the last of my shares after the Ganthet sham of a deal was announced. You see I have been right before and since then. The hand writing on the wall was very clear that Bruce was desperate to announce something to keep his spin story going with the Ganthet deal. So if I am ever wrong I will always have an opportunity to buy back in, maybe not at the bottom, but with penalty opportunity for upward movement.
Yes 20 years of failures is not enough time for a startup company to commercialize a product. But it has been penalty of time for the spin meister to take advantage of investors without ever having to deliver a real commercialized product to a real commercialized client producing ongoing revenue.
I guess VLDI and Ganthet both need another 20 years before they get off the ground. Not in my world.
I still hold to my opinion this is the year of the rinse and repeat. I can't wait to see how the promissory notes have grow to fund operations, but then again what operations, no PRs, no sales, no R&D, no cashflow and not a single potential client in site since Rafael's glowing recommendation. Same story year after year only getting progressively worse.
One forgets that in the IT world according to VLDI, one does not need to change anything other than installing VP as middle ware . It is supposed to be that easy, since VP is supposed to work with all IT solutions already out there, that is if you really believe Bruce.
I have stated several times most penny stocks never die they simply reinvent themselves via a rinse and repeat. So yes I too agree there maybe value in the shell, but the majority of that value would go to the debt holders and preferred stock holders and very little if anything to the common holders.
What I find amazing is that anyone still believes anything that Bruce claims, especially after the failed Ganthet deal, and Rafael's glowing recommendation which is now approaching 2 years old. In addition to that recommendation VLDI has not put out one single PR. One would expect that at least one real company big or small would have put the product into revenue service in the last 2 years. All what the shareholders have received is silence from the spin meister other than the financial reports. BTW next one due in August 15-20.
I always look for a glimmer of hope but the probability of success even on a small scale is vanishing very quickly, if not already gone. I too never tell anyone to buy or sell a stock, just what I see from my DD and what is happening in the industry.
At this point an investor would have to be extremely lucky if VLDI even comes close to crossing the finish line, since the odds are against it happening, maybe one in a million. Yet I am still here just in case I am wrong.
Probably true, but I always find it interesting when others have verifiable proof of what is going on or what is not going on. I have been especially amazed by the recent run up to .10 of course on no real volume and the rumors of what Bruce has been saying that caused that run up on unsubstantiated innuendo.
Look forward to your contribution.
To me at this point it is rather simple, if it walks like a duck, looks like a duck, and quacks like a duck it is usually a duck.
I can't believe if Bruce really had anything close to his claims someone would have but it into revenue service a long time ago even if it was a mom and pop operation.
Not sure who you are referring to as Key Investors, but Smart Investors got out a long time ago, who could, and others that are stuck in the stock are just hoping to get out above .03 to break even.
It looks like the key resistance at .03 continues to hold!!!
Purely on a technical note VLDI looks like it wants to break out to the upside. I expect it will be testing the .03 resistance level in the next few days. The only issue is that volume has been light up until today, the good news is that it has been mostly on the buy side. A close above .03 with volume would definitely be a technical breakout to the upside.
What would be nice with the close of Q2 is a update from Bruce in the form of a PR.
Maybe you should tell them about VLDI and the security it can offer them from hacking.
Hope you are enjoying your vacation!
Yes, I have stated that as well, but the point you are missing is that over the years up until they came close to the limit of the authorized share count which was up until Q3 2018 they were issuing and converting almost every year with the exception of the last couple of years. As I recall I believe there is a 6 month holding period after conversion so there are a lot of those that converted in prior years that never got out and now they have a chance to breakeven @ .03, thus the resistance there. BTW there is still 11 Million shares of common shares available for conversions.
Yes the other point is all the convertibles give the holders the right to convert at their option whenever they want, so yes they will have to either increase in the authorized share count or do a R/S.
I have always stated this stock is a good trading stock based on the charts, but as an investment it lacks a lot to be desired, like real sales and cashflow.
Yes, if one averaged down you might be OK, but it depends the size of your position. If anyone has a large position over a couple million shares and wants to get out the price will drop and it still is questionable if one can get out at a profit after holding all these years. I did not think anyone one bought this stock with the exception of traders like me to sell this stock for penny moves. As I recall this stock was going to $20.00 $40.00 and $50.00 and I believe $55.00.
Yes, one can make some nice change trading this stock on technicals, but without a single PR news announcement in over 1.5 years, no financing in sight and no sales, and all the .03 convertibles out there making for strong resistance to close over .03. In my opinion it is amazing the recent run up to current levels on no news and just rumors has held so far. The question remains how long will support at .02 and resistance at .03 hold and which way will the stock break out of this trading range, especially with Q2 over and still no news
And it is still true today.
Support at .02 and resistance at .03. Currently the short term pressure is on to the down side, and without any news in over 1.5 years why in the world would anyone want to load up?
That sure covers a lot after about over 80,000 in cash interest payments on the promissory notes and about $87,000 for annual accounting and financial fees.
Prior to the financial problems and running out of common stock to issue VLDI was spending on average over $4M per year and last year it was down to .5M In 2016 operation expense was $ 4.2M and 2017 it was $2.1M and 2018 was $.5 M and this year it does not look much better.
There simply isn't any funds for sales and marketing and well as R&D.
The $350K is a life support line and like I stated before you can only borrow from Peter to pay Paul before the house of cards collapses. A growing successful company does not have a contraction of operating funds, just the opposite, operating expenses increases with the successes of the company. In VLDI case there have been no reason to expand on operations, since there are no sales and no cashflow to fund anything except life support.
Yes delusions of grandeur for the rose colored glasses. No sales, no potential clients, no success with beta and field tests to entice prospects, no common stock to issue, no cash to payback promissory notes, no where to turn except a rinse and repeat.
Life support is very explainable, what is not explainable is why in over 1.5 year not a single PR, but then again that too is explainable since there is nothing to report.
Yes, VLDI is a Mom and Pop operation spending about .5M annually and those still holding shares have delusions of grandeur!
It is just like most penny stocks. Mom and Pop operations with delusions of grandeur.
LOL and we been hearing for over 20 years that VLDI will make real sales and revenue!
The race is on and I bet the rinse and repeat as I predicted will happen this year.
Bruce has not said anything publicly in over a 1.5 years. There is nothing to say except they continue to fail in signing a real client that will produce on going revenue for VLDI and VLDI is running into financial problems on a cashflow basis without issuing more common shares.
Not sure why anyone would do that! I made my position perfectly clear. I traded this stock numerous times up until they announced the Ganthet deal. To me that was the final straw when Bruce had to do a deal with himself in order to book a sale, that to this day went nowhere. That was the last time I traded the stock since it was too obvious that Bruce was going nowhere with the VP product.
The only reason I hang around since then is just on the wild chance that Bruce does pull a rabbit out of his hat. To me for an investment one needs to see progress toward a goal. In VLDI case every year seems the same and actually getting worse, since time is working against the company on cash flow especially with new technologies like blockchain making inroads. So until they sign a real agreement with a real company that is already producing on going revenues with a real product that has has at least 1 million end points every thing else is smoke and mirrors.
How can one miss out on moves when any real volume either selling or buying would drive the price down or up respectively.
BTW there was only a few hundred shares that traded at .10 and the majority traded at .03 area. Low volume always makes it difficult often to successful trade any meaningful volume and still make a worth while profit.
But again the sell side is very easy to predict, just too bad it is so difficult to short penny stocks.
Never expected the run, but I did expect the retracement.
Well it looks like we are getting the pull back I mentioned before and it also looks like first support @.027 did not hold. I see a little support here at .021 area which is the 200 period SMA on the weekly charts, with the next stop on my charts at 50 day SMA which is in the .015-.016 area.
Too bad it is so difficult to short penny stocks, since I would have been all over VLDI shorting above .03.
If a stock can't get over a price it is resistance. Rightfully so you pointed out in the past some 2+ years ago .03 was support and I agree, but once a stock breaks support it becomes resistance. That is pretty common knowledge. Just to be clear there are different levels of resistance and .027 was last years first level of resistance. Getting over that, one can clearly see .03 is the next level on a closing price.
Needless to say the RSI on both the weekly and daily charts are over extended indicating a pull back most likely to .027 which was resistance and now is support. I believe VLDI needs to test support to either confirm this uptrend or not.
If you pull up a five year chart you well see for the last five years VLDI has been making lower highs and lower lows on an annual basis. A constant decline and only until last week on some ridiculous rumors the stock finally broke that trend since last year high was .027.
If you look at a 2 year chart you will see that over the last two years .03 has been a strong resistance level and it continues be so. BTW when I go back in time I usually look at weekly and monthly charts because they give a clearer picture because they eliminate the noise level from daily activity and wild swings. fwiw
I absolutely agree if it looks like a duck, walks like a duck, and quacks like a duck, it is a duck. VLDI for sure fits that picture.
I guess some believe it is a simply a coincident that .03 seems to be strong resistant and that the majority of the common shares converted from convertible debts, promissory notes, and preferred stock were all at .03.
I do not believe in coincidences, but in reality.
True if one is talking about perception, but I am talking about reality.
VLDI's reality is that in over 20 years it has never commercialized a single product. and now 18 months after Rafael's glowing recommendation VLDI still has not made one single sale, to one real client, with a commercialized product, producing ongoing revenue.
In addition Alla Pasternack did not update her 13G and her share position has been dropping from .0999 to .079 as last reported over a year ago.
You might not be selling, but others are definitely jumping ship at first chance to break even.