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In close to three years, especially since Rafael's recommendation VLDI has put out nothing except for the web site update which wiped out of all those PRs (Kool-Aid) from the past that never came to fruition.
Have you ever seen a Penny stock CEO go to prison for his smoke and mirrors. But Like I have stated the past is the past just waiting to see if Bruce ever puts out anything meaningful to make this a real investment instead of pipe dream.
way too much Koolaid!
But, if you will accept the premise that he will not reveal ANYTHING until he is ready to reveal EVERYTHING, you will finally have a chance of realizing that when you bought VLDI you bought one of the most exciting stocks in the world. They are truly going to change the way the world looks at penny stocks, software development, stock promotion, and cybersecurity.
you bought one of the most exciting stocks in the world.
Simply make the documents available via the website. That is where they should be anyways if they are in the public domain.
Bruce might of not used those exact words but he sure suggested and insinuated that it was the cure-all and the best thing since slice bread for cyber security industry. Just go back and listen to his radio talk shows especially where he states VLDI is in stealth mode going after all the smart phone operators and all those PRs about sales which never came to fruition.
I could post them all again, but I see no reason to, as I stated this has all been discussed to death and really does not matter. I am trying to focus not on the past and all the past failures, but on the future especially since Rafael's glowing recommendation. After that recommendation which is now approaching three years old nothing has really changed. The only thing new out since that recommendation has been VLDI's new website. This was a very poor attempt to put a new light on the company by eliminating all past PRs of failures. The other joke was this was supposed to be a sales tool, but it lacked working contact information (the email contacts did not even work when launched) and to this date still does not even have a sales contact phone number.
This too has all been discussed. Wake me when they put out news on real client sales producing real ongoing revenue and million of end points for VLDI.
BTW whatever happen to Ganthet and the ISV!
all discussed before!
He did say that "VP had some validity but was not a cure-all.
No need to rehash, like I said it has been discussed to death and until they sign a real client producing real ongoing revenue, who cares what he said it really does not matter.
Yes over 20 years of product development and not a single ongoing revenue producing client. So not sure why you hope so!
The same thing that happened to those interested over 7 years ago and more.
Everything posted has been discussed to death in your absence and it makes no sense in rehashing it. No real news since Rafael's glowing recommendation with all its caveats since 11/28/2017.
The only point worth mentioning is nothing has really changed that is significant to making this a real investment and until they sign a real client with a real commercialized product producing ongoing revenue with millions of end points for VLDI everything else is just noise.
One last point Bruce did once again missed attending the RSA cyber security conference held February 23 2020, but then Covid 19 was a good excuse for not attending even thou they held the conference under much criticism.
That is not what it says it is very clear by the quote:
The Company will file its Annual Report by no later than June 29, 2020, which is 45 days after the original due date of its Annual Report.
LOL, I guess Bruce can not count, since the 2019 annual report was due on March 30, 2020. June 29 makes it 90 days after the original due date and not 45 days. Yes June 29 is 45 days late for Q1, but where is YE 2019
The Company will file its Annual Report by no later than June 29, 2020, which is 45 days after the original due date of its Annual Report.
I guess they missed that date! At this rate we may know what happen in 2019 may be sometime in 2021.
The Company will file its Annual Report by no later than May 14, 2020, which is 45 days after the original due date of its Annual Report
Validian
to address the COVID-19 pandemic. As a consequence, the Company’s head office is very thinly staffed, and the Company’s accounting personnel, who are generally working remotely, have only limited access to the Company’s financial records. In addition, the COVID-19 outbreak has made collection of data slower and more difficult. Management is therefore currently unable to timely prepare and review the Annual Report or to determine COVID-19’s impact on the Company’s financial statements for the 2019 fiscal year. The Company will file its Annual Report by no later than May 14, 2020, which is 45 days after the original due date of its Annual Report
Willy to answer your question I have three trading accounts. The first is my day trading account which I am in cash at the end of each day. Next my swing trading account which I always maintain a certain precentage in cash about 20%- 50% and my long term investment account which I am fully invested in with no cash. In this down turn I liquidated over 50% of my long term account waiting for a market bottom to get back in.
I did not say you can't make a profitable trade in this climate I only stated that the longer term still is not clear, especially if the bottom has been made in the market. Actually this volatility is great for day traders since I have made 40-80 % in a single day.
BTW congratulations on your trade assuming you sold and took the profit.
In this climate everything is a falling knife until it is not.
Yes, Willy the boilerplate YE filing must be so complicated that they now need 45 day more to get in filed and can Use Covid 19 as the excuse. I guess their accountants can't work at home.
BTW Covid 19 put all potential sales on hold too so there is nothing to report!
Stay Save, Stay healthy, and Stay 6" apart or you will be 6" under.
LOL. nothing to do with shorting I am simply explaining why the market selling maybe not be over due the margin calls and why cash is king in a falling market, and margin calls may continue as the market falls further. It is not over until you have a confirmed bottom with a reversal. Nothing wrong trying to catch a falling knife if that is your style.
Absolutely nothing to do with shorting, but each to their own!
When the market is falling cash is never dead money it is always king, since most are selling to raise cash and to meet margin calls. It is a viscous cycle of selling to meet margin calls and forcing the market lower which then forcing even more margin calls and further selling. So as you sell to meet the margin call you end up driving the market further lower forcing more calls and more selling. Like I said it is viscous cycle. It is those that have been sitting on cash waiting for the right opportunity that are in the cat bird seat. So cash is only dead money in a raising market, but king in a falling market. That is when the timing comes to play in determining when to buy back in. I never predict the bottom so I always average in a little at a time making sure I am ready if the market takes a further dive. Therefore I like to hedge my buying with a greater ratio of cash to purchases, until the market is in a confirmed reversal which can take a lot of time. Just my style of investing!
I you do not have cash you can't buy anything that is why cash and timing is king in order to make the purchases that will payoff!
Yes there were and still are some great opportunities out there after this sell off, but we are not out of the woods yet there may be more corrections as this virus escalated beyond what is imaginable. I too took advantage of the situation expecting to hold for at least a year on my purchases. In situations like this cash and timing is king !
Still surprised VLDI has not gone down the drain yet, but not surprised by the lack of interest on this board. We should have the year end financials soon, probably within the next couple weeks. The new website and it being a tool to make sales is laughable, as all the other Bruce's smoke and mirrors attempts. I believe most investors have finally realized this stock is going nowhere.
To all those out there, stay save, stay home, and we should over come this crazy situation and hopefully things eventually turn back to normal. From what I am hearing the situation should peak by May and then hopefully that will be the turning point. JMO
Good health to all!
Words of wisdom from a man that was finished by Watergate.
A boring situation without any real news I am surprised that this has not gone back to sub-penny level. The last two news releases have been total fluff which isn't surprising based on past history. Not expecting anything until YE financials due about April 1. This board definitely reflects the total lack of interest in VLDI.
Buying seems to be there when it dips to .65 and bounces upward. But the more it hits there I believe support will be broken unless positive news comes out.
I sold some yesterday @ .95 and bought back today.
I expect strong resistance @ 1.00, but if it can close above 1.00 it could easily run to 1.25.
Looks like TEUM is breaking above the prior high of .94.
Yes I predicted either a rinse and repeat, or a r/s, or an increase in authorized share count, by the end of last year. BTW I never predicted trips. So I was wrong on my timing,but not wrong on the continued failure to perform and the need to increase shares to cover the gap between a billion shares on a fully diluted basis and only 700M authorized. So I have been right on the facts they can't sell a single real client on the product, the Ganthet deal has gone nowhere, the ISV never integrated the product, all of 20+ qualified sales pipeline have gone nowhere, and no major or minor player negotiations ever led to an agreement even after Rafael's glowing recommendation, and of course the website that falls short as a sales tool ( no sales phone number) other that hiding all the past failures by deleting all the past PRs.
The only farce is that Bruce has been able to keep his smoke and mirrors going surprisingly longer than many expected.
The problem is that that race is over and only VLDI and its followers do not know it!
The race was over when no one that tried the product in beta or field signed up to be an ongoing revenue producing client. The race was over when over 20+ qualified potential clients all ran for the hills. The race was over when VLDI could not negotiate a single real agreement with any minor and/or major interested party, even after Rafael's glowing recommendation, which is now approaching three years old. The race was over when VLDI redesigned their website trying to hide the recorded history of PR failures. The race was over when VLDI launched the new website as a sales tool without any working contact information and to this day still has no sales phone number to contact the company by interested parties.
“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.”
If this come out they are now cashflow positive this thing could easily double from here.
Yes revenues were overstated, but cashflow was not, at least according to the company.
I will wait for the updated financials to confirm before I sell.
The speculation on the revenue adjustment downward has already been estimated by the company. So they overstated revenue and receivables. This should not have any impact on cashflow as stated by the company. If you take the last round of financing into account, which eliminated debt the company should become cashflow positive. Simple look at the cashflow and eliminate interest payments from the last financial statement and TEUM should be positive on the cashflow basis. They pushed all or most of the revenue overstatement into the receivables.
In my opinion one should be looking at the cashflow which will be a better indicator of where this company is going and if they are cashflow positive as of the last round of financing this might not look as bad as many think.
I started adding to my position once it broke above .46 and added more yesterday at .55 and .56
Well 2019 was the first year that VLDI has not made lower highs and lower lows on an annual basis. The high was .10 and the low was .0061. Yes a very nice spread due to the .10 hit on one trade and it was quickly below .03 once again. So technically speaking on an annual basis VLDI may have broken out of its yearly downtrend. Really nothing to talk about other than the technicals since nothing seems to change other than maybe a reversal after 6 years of declines on an annual basis. Unless news comes out I will be simply waiting to see year end financials and how many more preferred stock they issued.
Yes stealth mode.
VLDI has made it through another year without going bust. Wonders never cease when it comes to keeping this one man operation alive.
Patience sometimes pays and other times is mistake. The court for some is still out which is the case for VLDI, but not for me!
Happy Holidays to all and to all a Very Prosperous New Year!
That is easy invest in a real company!
VLDI just broke support of the 200 day SMA of .0209. If it closes below that level next support is at .015 on the daily charts. What is interesting is that on the weekly charts the 50 period SMA is about to cross the 200 period SMA to the positive side. The 50 has not been above the 200 on the weekly charts since December of 2014. This could have a long term positive effect if it crosses but the daily chart at present does not support that cross at .021. Interesting that daily support and a weekly positive cross are so close together.
The product should close the deal by itself if it works as expected. Trial is always difficult but after trail sales should be easy.
I find it amazing that investors do not call out Bruce on all the sales announcements that never materialized and simply focus on the most recent announcement as if no one has ever tried the product in the past. At some point investors will realize either the product has too big of a hurdle to overcome since it is so radically different to break into the market or one one wants to chance a product which is basically a one man operation without any in house ongoing technical support after a sale is made. Another option is simply no one is interested in the VP product after testing.
Yes, I know Bruce wants to sell the company and does really want a ongoing business to run, but without real sales and time tested in the marketplace proof of the product capabilities that is extremely difficult to accomplish as proven throughout the years of failures to make sales.
Well I guess my prediction of this year being the year of either a rinse and repeat, r/s, and/or increase in authorized share count missed the mark, but it is simply another year of failure to delivery a single real client with millions of endpoint and a commercialized product that could produce ongoing revenue for VLDI.