Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
First Bruce chooses his words very carefully. He never specifically states they VLDI has a contractual revenue producing deal with MSFT. He simply what a possible outcome could be from a market and stock price prospective if VLDI announced a deal with MSFT.
Second he also never states a six figure deal with MSFT. I would expect a deal with MSFT would be in the millions if not 10s of millions level. I believe the 6 figure deal he mentioned was exactly the sham of a deal he announced with Ganthet.
Third I believe that MSFT might have been testing the software just like many others in the past and for some reason like all others decided not to go with the VP software. Maybe too radically innovative!
The fourth point is what has Bruce said over the last four years to lead anyone to believe that MSFT is still interested in the product that is if they ever were interested after testing the software. Like all the past PR sales announced that never materialized.
And lastly like I stated before I would not believe or trust anything Bruce says in private without proof to back it up. The spin meister at work!
Fours years old, it might as well be 16 years old like this one:
OTTAWA--(BUSINESS WIRE)--July 13, 2004--Validian Corporation (OTCBB:VLDI) today announced that Bernard Sanchez, former executive vice president of SAP, has joined the company as Director of Business Development, North America. Validian's management team has been further strengthened by Randy Harris, who has joined the company from FedEX.
Mr. Sanchez, a seasoned senior executive, has worked at a range of large organizations recognized as leaders in software conceptualization, sales and implementation. He served as SAP Canada's Executive Vice President with responsibility for the Eastern Region, the Ottawa Region and the Public Sector across Canada, and as Vice President, Eastern Region and Strategic Initiatives. He was also SAP America's Vice President of CRM sales, and SAP AG Germany's Vice President of Global Operations CRM. Mr. Sanchez previously held a variety of sales positions with JD Edwards and IBM Canada.
“Demand for electronic delivery of information is growing exponentially”
Tweet this
"I believe that all SAP customers should use Validian solutions to ensure they can share information securely inside and outside corporate networks," said Mr. Sanchez. "Validian ASI delivers great value to customers and suppliers by enabling them to secure crucial data, reduce costs, increase sales, improve productivity and enhance profitability."
Mr. Sanchez's extensive supply-chain experience is complemented by the eCommerce expertise of Mr. Harris who has spent the last 18 years with FedEX, most recently as worldwide account manager for the healthcare sector.
"Demand for electronic delivery of information is growing exponentially," said Mr. Harris. "Validian's software products provide the level of security and non-repudiation necessary to enable the rapid and secure exchange of all types of files, eDocuments and ePackages--regardless of size--over public and private networks."
"The Internet offers huge opportunities to organizations involved in supply-chain activities in terms of simplicity, ubiquity and ease of use," said Dr. Andre Maisonneuve, Validian's President and CEO. "But the Internet is inherently not secure, meaning most organizations must rely on complex and expensive solutions to exchange sensitive information and collaborate securely. Validian ASI delivers cost-effective and straightforward security at the application level, protecting information both inside and outside corporate networks, and authenticating applications."
Validian ASI delivers inherent security for all communications between distributed applications. It simplifies management of application-to-application communication and provides granular access control to the application-component level.
Validian Flash Communicator(TM) and Validian Secure Instant Messenger (SIM) are applications that deliver simple, cost-effective and rapidly deployed secure instant message and file exchange over any IP-based network. On a biometrically enabled USB flash drive, Flash Communicator is the only solution to deliver 3-factor user authentication of static and mobile workers and to enable completely secure communication and file transfer regardless of a user's location.
Without the drama this stock is nothing. Just like all the ongoing revenue from all the sales made via PRs throughout the years. Some are still waiting for the global roll out by a prospective clients testing the software from 2015.
OTTAWA, Ontario, November 17, 2015 /PRNewswire/ --
Validian Corp. (OTCQB: VLDI), a leading innovator in cyber-security technology, today is pleased to announce that its OEM customer and their channel partner, who has a worldwide reputation in the field and already has developed two mobile messaging applications that have been rolled out to more than 300 million end users, completed the development of the Beta of their Validian-enabled mobile communications application which has been successfully demonstrated to a number of its Channel Partners and prospective customers.
Validian's OEM Customer has deployed the Beta to an initial number of end users during this month and have a growing list of customer orders and prospects in their sales pipeline. Roll out will continue through this quarter onwards with a global launch scheduled for Q2 2016.
Discussions are now underway with a number of large enterprises to become channel partners to the business sector and to the consumer sector; and regarding direct licensing to businesses on an OEM and private label basis.
Bruce Benn, Chief Executive Officer of Validian, commented, "The Beta of this Validian-enabled mobile communications application has innovative, first-to-market features for the protection of data and privacy. As such, it is also now being used by a number of Validian's other channel partners as a demonstration to their customers of the features and capabilities of Validian's technology. This, in turn, is resulting in new orders for Validian-enabling other applications to obtain similar features and capabilities."
Mr. Benn continued, "Over the past few months, Validian has achieved significant technological milestones that will turn into revenue generating milestones. We have not only completed the migration of our core technology to mobile platforms, which has been successfully tested by a number of our channel partners and customers, but also we have effectively completed the independent review of our source code essential to rolling out Validian-enabled mobile applications to large enterprises and are seeing our efforts pay off. We are very encouraged by the success of this Beta launch and rollout and look forward to continuing on this trajectory moving forward for the benefit of our customers, channel partners, employees and shareholders."
Yes the daily , weekly, and monthly charts are all pointing in the same direction and that is down. The daily is getting a little oversold so there maybe a bounce, but the longer term trend indicated by the weekly and monthly charts still show more room to drop. The last time VLDI was below .01 was May 2019, other than that March 9 2020 when it hit briefly hit .004, but closed above .01, mostly due to COVID 19.
I go by what he has said in the public forum, since he can say anything he wants in a private conversation and not be held accountable.
Once again my reference is to all the PRs about sales, trials, potential sales and global rollouts that were in PRs that never happened. I believe what he says about the technology may have some credibility, but he has no credibility as far as what he has said about sales. It is most concerning that he never addresses all the past failures of PR statements about sales and why they never happen according to the PR.
Actions speak louder than words, especially Bruce's words or rather spin when it comes down to actual sales. The past has been an accurate prognosticator of VLDI's future until that ever changes
So I guess dramatization of past Bruce's conversation with a countdown helps the spin.
LOL, too bad the market and potential clients do not see the same thing. I am surprised that VLDI has not gone sub penny again, since there is absolutely no proof that they are even worth their current price!
The only thing you need to know is that in over 20 years Validian has been unable to produce a single ongoing revenue producing client and Bruce has been a failure with whatever business plan he had blowing in the wind. He failed at endicing users from the PC, Servers, POS markets , before focusing on Mobile Smart Phone markets where he also failed to deliver.
To compare Validian to a Whats App or SnapChat is ridiculous, since they are Social Media sites whose valuation grew as a result of exponential growth in endpoint users and what those endpoint users could mean to advertising revenues. To this day VLDI does have a single endpoint producing on going revenue.
Yes it is a very sad story with a lot of promise over the years and absolutely zero delivery on a product that is supposed to be the best thing since slice bread in cybersecurity.
I see only two alternatives either this product is what it supposed to be and Bruce and his two man sales team and all the channel partners are the totally inept or Bruce has simply been spinning a story to milk investors over the years.
Yes radically innovative products often face hurdles to break the norm , but usually once they get trial they get rave reviews and sales immediately follow. So the other question that needs to be answered is why after the sales of 5-6 licence agreements, beta tests, field tests and qualified sales pipeline over 20 potential clients to this day there is nothing to show for it!
08/16/2016 | 07:01am EDT
OTTAWA, Ontario, August 16, 2016 /PRNewswire/ --
Validian Corp. (OTCQB: VLDI), a leading innovator in cyber-security technology, today issued another marketing and sales update. Over the past 30 days, the ongoing exchange of marketing and technical documentation, discussions, meetings and demonstrations have doubled Validian's sales pipeline. Now, Validian has scheduled the next round of discussions and negotiations with senior decision makers of more than 20 qualified prospects, comprising large to major companies, during August, September and October 2016.
Bruce Benn, Chief Executive Officer of Validian, commented on the Company's recent developments in marketing and sales, "We are very pleased to see the steady increase in momentum as we continue our march towards sales, cash flow and revenue during 2016. Large to major companies are consistently progressing from the analysis of our technical documents and demonstrations to negotiating the licensing of Validian's technology and installations for testing and integration
The facts and Bruce's failure to perform are the real trouble makers.
Their date is not important. The conversations are.
If no one is listening to Bruce anymore why post his spin?
Yes, every beta test, field test, and even qualified sales pipeline, and even actual license agreements all totally failed to produce even one single ongoing revenue producing client. A very sad fact!!!!!
These posts just reinforce the title of Spin Meister. Secret revenue not reported, one has to got to be kidding. It does not matter where revenue is reported it will appear in a cashflow statement and or on the balance sheet. Revenue is revenue and it is fraud to not properly report it or to secretly hide it.
They are going to continue marketing VP to generate revenue until they get a buyout offer.
Bruce sure loves to hear himself talk! Too bad when someone ever asks him a real question he never answers it, like what happen to round two negotiations and why not one single potential client stepped up to the plate. What happen to all those testing the product in the US and Europe, and what happen to the Mobile service provider that was going to do a global rollout that never happen, What happen to Ganthet and the ISV that never installed the product. Bruce never follows up with why all his efforts to make sales have result in failures other than the 5-6 license agreements that have gone nowhere!
Like I said focus on what has happen since Rafael's glowing recommendation from November 2017. Other than the updated website which wiped out the history of all the past PRs about sales which never came to fruition in product rollouts, nothing new that has any real meaning has happen over the last 3 years!.
LOL ahead of the curve in July 13, 2016 and four years later after installations and they still have nothing to show for it. Before that they were operating in stealth mode.
So what happen in the second round of negotiations with the majors that VLDI sits here without any real clients and no major buyout offers as of today.
How can anyone believe this Spin Meister? He tells an enticing story just too bad he can't bring results over the goal line.
This financing package was just another snow job by Bruce! They are still in default with those that did not accept it and it cost all the common shareholders about $1.7M in addition stock on a fully diluted basis and gave the Preferred A"s the first preference and twice their money back in a liquidation over all other holders.
Why bring this up again it was talked to death when it happened?
To truly understand how amazing the VP product really is
LOL, Bruce does not have a plan he is flying by the seat of his pants and he hasn't a clue how to endice anyone to become a real client or buyout VLDI.
All the promise in the world if you still believe what Spin Meister Bruce says and all the failures to deliver on single ongoing revenue end point to show for it.
What would be even more amusing is what is Bruce saying today and not 3-4 years ago!
I stated I would not focus on the past and would look forward to results after Rafael's recommendation of Of November 2017, since the refinancing fiasco, the Ganthet deal, and other license agreements and sales failures all have been discussed to death. But since the past keeps coming up, since there does not seem to be anything new out there to discuss, since November 2017, other than a updated website, which tried to erase all the past failures by eliminating years of PRs about sales that never materialized. I feel this partial post from 2016 says it all about Bruce and his spin stories:
Post #
10410
of 24517
Bruce is an opportunist and he lacks integrity, since he never answers for all his past mistakes. He does not answers for all the beta test failures, he does not answers for the length of field tests with no revenue results, and he does not answers for all the clients put on hold waiting for version 3.1 to come out that never signed up as revenue producing clients.
VLDI did not just go to the Mobile world. Before Mobile there were cyber-security issues that affected local land-based, office based devices, i.e. desktops, laptops, and mainframe computers. Then the world moved to remote servers, data bases, and memory that were accessed via modems and the Internet. And with every move, cyber-security became more important
She has not made any filing since February 14, 2018 on any of Triage holdings. That is my point! So it is difficult to tell what her positions are today. Leonid always filed indicating the exercise of convertible debt into common in order to maintain his position in the ownership of common stock. BTW penny stock ownership holding filings are not strictly adhered to or required per say, they usually are voluntary. Also Bruce has not updated his position since March of 2019, fwiw.
Her holdings of VLDI as of 2/14/18 were 54,250,000 shares.
And Leonid may have acquired some of his shares via conversion, but he certainly acquired a significant number of them the old fashioned way, he bought them. For example, he picked up approximately 7mm from the street following the Philadelphia meeting
Too bad Leonid died before VLDI succeeded with its "home run business plan". Too bad his daughter that inherited all of his investments has not updated her position in VLDI since February 14, 2018. For all we know she has been selling and liquidating positions in her father's hedge fund.
BTW Lenoid investment was mostly convertible debt that he was converting into common year after year in order to maintain just below a 10% position in the company. Unaware from statements that he made any open market purchases in the stock.
Has nothing to do with a constantly changing business plan that never comes to fruition. It all has to do with the failure to launch year after year with either ongoing revenue producing clients and/or a buyout.
I start with the premise supported by VLDI's history of failure to launch, that Bruce doesn't have a clue to what he is doing or he is the worst salesman in the history of a revolutionary product that should be selling itself. The real problem is that after all these years of testing and potential sales pipeline of 20+ that not one potential client has ever step to become a real client or tried to buyout the company.
The results speak for themselves!
Once again, never believe a spin meister. He can tell you in private want ever he wants to keep you happy. What counts is the public information and failure of all the sales agreements publicized over the history of the company that never materialize. Funny how what he says to you differs from what he does publicly, like 5-6 license agreements that never produced a single revenue producing end point for VLDI.
No Home run business plan, just strike out year after year.
And all this has gone nowhere!
That is the address of ALAN R. TUREM, P.C and Lynette Laser used when they set up Georgia Corporations and shell companies. It was used when Validian was first created to take over Sochsys/ Graphic O logic. It was being used by Ganthet and K'air and probably other companies set up for Bruce Benn by the aforementioned.
Interesting that it looks like Ganthet Mobile has been dissolved as of August 26 2019, if I am reading this correctly:
https://opencorporates.com/companies/us_ga/10079175
It also appear that K'air was dissolved at the same time:
https://ecorp.sos.ga.gov/BusinessSearch/BusinessInformation?businessId=1577697&businessType=
Rafael's recommendation came out November 28, 2017 almost 3 years ago, fwiw
The point is Validian is just another Ma and Pa operation with delusions of grandeur and Bruce spends his time with other private companies that he has setup and probably expects to take public and milk shareholders once again in the future. Also how can anyone expect a one man operation stretch so thin between other priorities to ever be successful at making Validian a success. No real potential client of any significant size would ever sign up with Vldi, since there is absolutely no support organization behind it other than a couple channel partners, which also have been unsuccessful at signing clients.
Never stated VLDI is a scam, but it is highly doubtful it will ever be a success, unless Bruce is thrown out since this appears to be a hobby for Bruce. Validian needs a real CEO that spends 100% of his time on VLDI, with real cyber security credentials and expertise to take over and makes this a real company, with a real organization behind it. I believe the software is interesting and is a radical innovative, but Bruce has proven time and time again for sure that he is not the man to take this company over the goal line to make it a success in the market place.
How dare Bruce Benn do business with people he has been in a relationship with for decades
What a tangled web Bruce weaves between Validian, Ganthet, and K"Air.
K'Air Energy, a company that at least seems like it sort of exists: http://www.kair-energy.com. K'Air Energy's site was registered by Jean-Pierre Hofman (http://www.whois.com/whois/kair-energy.com), who is also listed on two patent applications for what looks like a generator using temperature differentials for generating energy filed on May 21 and May 24, 2013. http://patents.justia.com/inventor/jean-pierre-hofman. Jean-Pierre Hofman was also involved in Sochrys before and after it became VLDI. https://sec.report/Document/0000950123-00-011115/
Bruce is the CEO of K'Air: https://ecorp.sos.ga.gov/BusinessSearch/BusinessInformation?businessId=1577697&businessType=. Also there is CFO, Secretary Lynette Laser, as well as Registered Agent Alan Turem. Lynette Laser and Alan Turem, extremely coincidentally, are also the officers of mobile communications, Ganthet Mobile: https://ecorp.sos.ga.gov/BusinessSearch/BusinessInformation?businessId=1577693&businessType=
From: Form 10SB12G/A Validian Corp
JEAN PIERRE HOFMAN has been a director since August 3, 1999; our
chairman, president and chief executive officer since October 12, 1999 and
chairman, president and chief executive officer of Graph-O-Logic, S.A., and its
predecessors, since 1984. He overseas key management and strategic decisions and
plays an important role in new product development strategy. Since 1996, he
focused the research and development on creating our Universal Computer.
Previously, he managed the development and marketing of software, which used
multi-thread, interoperable objects interfaced in a multi-windows environment.
From 1970 to 1984, Mr. Hofman developed software as a consultant for such
companies as L'Oreal, Volkswagen and the Diamond Stock Exchange of Antwerp. Mr.
Hofman is a professional engineer from the INSEE Institute in Belgium.
I have specifically stated that they have "no on-going revenue from a real client, with a real commercialized product, with millions of end points producing on-going revenue". Yes, they have license revenue from 5-6 agreements dating back as far as 2006, but not one of those agreements produced ongoing revenue and some never even installed the product.
I believe that speaks for itself as well as the Ganthet sham that never went anywhere and ISV that never installed the product.
Like I said technology is great if is what people want and are willing to pay to use it. Until that changes VLDI basically has nothing but promise and potential that may never be realized! We are now approaching 3 years since Rafael's glowing recommendation and nothing!
For example, an announcement of contracts that are negotiated, even contracts that have revenues in escrow, even contracts under which VP has already been installed and used under some testing agreement, can still be delayed if all the parties involved have agreed that the effective date of the revenue-generating contract is some date in the future that serves their needs. In such a case, we will not hear about any of those contracts until we hear about them all at once. That is not the way any of us would do it, but it is the way Bruce Benn plans to do it.
In the fifth place all the technology in the world is worthless unless someone wants it and is willing pay to to use it. In the sixth place VLDI has been unable to commercialize a single product in over 20+ years.
The insanity of this investment is believing anything that Bruce says. I learn a long time ago when Bruce did respond to my questions about the bank that was testing the product, that Bruce is a spin meister. First I could not understand why it was taking such a long time for them to make a decision after a year of testing. Bruce at that time explain that the bank was testing a number of different vendor applications and that is why after two years they were still testing. What Bruce refuse to explain in follow up correspondence was why the bank after all that time did not elect to come onboard with the VP software and that was about 6 years ago.
Like I have stated so many times before Bruce is a good spin meister and always avoids answering the hard questions. The only questions that is worth answering is why after all the testing, beta tests, field tests and license agreements, and sale pipelines that have gone nowhere why can't they get a single potential client with a real product with millions of end points to produce real ongoing revenue for VLDI.
The difficulty in any product introduction that is so radically different is to get trial. It appears that VLDI has been successful in getting trial at least according the the history of PRs, but what does not make sense is why that trial has never actually resulted in revenue producing usage. It is like VLDI claims it has the cure for Covid-19 but the ones that have tried it have nothing to say about it otherwise they would using it.
But as comical as as those that expect more from Bruce that is more than his failure to perform year after year.
Lets see Rafael recommendation came out on November 28 2017 and since then absolutely nothing other than a worthless updated website that eliminated the history of all the past failures and to this day does not have a phone number to to the salesmen make sales.
And again I ask "Why hasn't any Rafael's clients become VLDI clients, that the question worth pondering!"
Does it make sense to rehash all this old news especially when it never resulted in a game changer for Validian. How about focusing on what has happen since Rafael glowing recommendation and the fact even after that glowing recommendation which is now approaching 3 years old VLDI still can't sign a real client with real revenue end points and produce ongoing revenue for VLDI.
Why hasn't any Rafael's clients become VLDI clients, that the question worth pondering!
What I have been saying and it is a fact to this day that Validian has failed every test at producing a single ongoing revenue producing client. Beta tests and field test ultimate goal is to produce a product so great that everyone who tests it wants it, But when everyone that has tested the product and even those that have signed license agreements fail to produce ongoing revenue for the company its has failed, plain an simple.
I have always stated and made it perfectly clear that it has failed at enlisting and signing clients producing on going revenue as a result of those tests.
Bruce is all about Smoke and mirrors. He tells you and others what they want to hear to string them along.
All that matters is he never delivers and he never answers the hard questions about his failures by always changing the subject. The obvious answer why he did not put you under a NDA is he wanted you to continue that smoke and mirrors with your group that holds a large position.
I will now crawl back under my rock.
Do not forget that is what the 3-5 channel partners were suppose to do!
Then why does VLDI spend more on sales and marketing over it course of history than on R&D.
Why have 2-3 salesmen trying to make sales?
So then why sign 5 license agreements and why negotiate with 20+ potential qualified sales clients. A agreement expected in 90 days, which never happen!
Like I said what Bruce does publicly is different from what he says privately as an excuse for failure to make sales.
That makes even a greater rational for attending the RSA Cyber security conference if he really expects to be bought out.
Just going by the statistics since PP returned to this board on 5/21 there has been a total of 5 posters to date and about 74 posts. Smithy made about one post, Willy made about 4, Surwin made about 14, Pip made about 8, and PP made about 44. So PP accounts for about 60% of the posts.
Like I said no one really follows this board any more other than curiosity if anything really changes but it never does.
I will now crawl back under my rock until VLDI does something worth commenting on so that might be never.