Validian Corp fka VLDI

[Surwin]

Yes the existing preferred holders and debt holders know what is coming another failure and they are not opening their purse strings as long as the stock is below .03 and it will be extremely difficult to get new investors in this stock also with the price in the sub penny level without massive dilution. So even if the spin meister can still spin a story that some believe the company is heading for difficult financial times. If Bruce believed in the company why didn't he covert his convertible debt into stock instead he and some relation withdrew about $518,,000 in cash from VLDI. Not a show of confidence for a CEO with less that 1% of the company's outstanding stock!

Just wait November 2nd will come and go just like the rest of Bruce's failures to execute.

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 most reasonable person to believe especially with year after year of failures to execute.