Validian Corp (fka VLDI)

[Surwin]

None of that matters all that matters is whether VLDI can market their product or the company successfully. To that end VLDI has been a complete failure, which is a fact. As a failure, logic takes predictions to that end and not to a $40.00 dollar stock. Let us forget $40.00, since VLDI is hard pressed to simply gain any traction over .10 in the last 10 years. Even if it is successful filling a niche market does not guarantee success. There is no way VLDI will ever take the market by storm since it never was or is the cure all the Bruce claimed it to be.

What is also crystal clear is VLDI has been borrowing from Peter to pay Paul for almost a year now when they froze the common shares being issued and cut their operating expenses to survival mode. They have done this to avoid the inevitable, which is a reverse stock split and/or an increase in authorized shares. It is inevitable for two reasons, they are close to a billion shares on a fully diluted basis and they only have authorized 700 M shares. The second reason is they will have to refinance these cash notes. They now have about 1 Million cash notes paying 12% cash interest, which means they have $120,000 a year in interest payments. This simply can not continue since they have no stock to issue to refinance these notes and they have no cash coming in to pay the cash interest. That has to change and quickly. The silence tells me more trouble is ahead. Penny stocks survive on issuing shares until they generate cash, so something has to give.

Now the big question which is if one still believes VLDI and Bruce can pull a rabbit out of his hat, which is highly unlikely, how long does one give him with reasonable expectations of success 2 years, or 3 years and/or 5+ years?

The answer is they have had at least five years already to launch the product. So why have the five license agreements already signed never commercialized the product?

Oh, I forgot according to Bruce VLDI is operating in stealth mode! LOL!