Validian Corp fka VLDI

[Surwin]

Not true, with the stock price below .03 no one will convert the preferred into common and he can't issue more convertible preferred unless he reduces the conversion option into the sub penny level. That means all the other preferred share holders will all be really pissed off. So in the meantime all he can do is issue more promissory notes that covert at a 40-50% discount to the lowest three day prices average prior to conversion, which means the holders can covert preferred at .003 per share. Yes super dilution if he can even get anyone to continue to believe in his spin story which is now too old for any reasonable person to believe especially with year after year of failures to execute.