Validian Corp (fka VLDI)

[Surwin]

No one knows who they are outside of themselves and Bruce. Yes it is a good as it gets in penny land, since they can convert their debt into common for the most part at any time at .03, which they do every qtr. and sell at a nice profit any time the stock is above .03. In the meantime they earn interest at 10%, which is also paid in common stock.

These guys are not in the same boat as the common stock holders, but that is average for most penny stocks.

It just a way Bruce has for understating the common shares outstanding. That is why it is always important to taken into account the convertible debt , stock options, promissory notes, and calculated shares on a fully diluted basis.