Validian Corp (fka VLDI)

[Surwin]

I too agree for the most part in your statements as well, but when it comes to this one I have to consider also the flip side;

Agree again and that's where Gorgal came in again. One has to think that testing has been ongoing for quite some time via the other entities associated with VLDI and hopefully to the point that the 9-12 month time period you state is long in the past.

That flip side is that those that have tested and are long past 9-12 months have decided not to become clients, otherwise there should have been a few contracts announced by now. One needs to also consider they need a new batch of potential clients, especially since the old batch of 20+ in August of 2016 are now over 17 months old and all VLDI has is one ISV that still has not integrated the product and the Ganthet deal which still has not launched a product. So we may be waiting another 9-12 months before they get an agreement.