It looks like VLDI is breaking through technical resistance at .0105. Now they only need to close above that level.
Yes the technicals are looking good for a trade , but without a single PR this year to date and the constant cutting of all operating expenses to the bone just to stay alive I can't see how they will get a contract over the next 45 days especially with the holidays.
One needs to ask if VLDI is buying back senior convertible 10% debt ($20,000 worth) of which the remaining $1.149 M has been in default for years why are the debt holders willing to settle for cash now rather that wait out for some real news on a real contract signing if there is any chance of that happening. Just maybe Bruce wants to make sure the debt holders can put him into bankruptcy by demanding payment. !
The important thing is not to stop questioning. Question everything (Albert Einstein), because Fools rush in where wise men never go!
