Validian Corp (fka VLDI)

[Surwin]

I guess you were laughing when you posted this message to Bruce:

I sent Bruce Benn the following email on April 10, 2020. It is self-explanatory. I corrected one small typo in the text below and blocked out the name of my forum and those of three individuals who received copies of the communication, and enclosed those changes in brackets [].


Quote:
Mr. Bruce Benn
6 Gurdwara Rd
Suite 205
Ottawa, Canada, K2E 8A3

Mr. Benn,

I have begged you for at least six years to take the simple steps needed to increase VLDI's public values so your shareholders can survive as they wait for you to complete your business plan. You have continually refused to honor that reasonable request. Now, in the wake of the economic downturn caused by the Coronavirus, those shareholders are being destroyed by the fact that your unreasonable, irresponsible, self-serving silence has destroyed what little public value their stock had. Many of them are now being forced to sell their VLDI position at outrageously low prices just to survive, and you still remain silent.

Sir, that is TOTALLY unacceptable.

As you know, your shareholders have never asked you to reveal any of your business' secrets or proprietary information that would derail your plan. All they have ever asked you to do is to tell the world at least as much as you have told those of us who have had private communications with you.

Over the past six-plus years, you have sought my opinions, responses and input regarding the subject matter of your multiple communications. As a result, I have apparently been one of the few shareholders who has been privileged to receive via telephone conversations and email, private clarification from you regarding your public disclosures. All your shareholders have ever asked of you is that you extend [to] them the same privilege via public shareholder updates and press releases that could support a move to tolerable share values. Yet you have continually refused to do so.

From the beginning of our relationship, in my effort to serve your requests, I asked numerous times that you place me under an NDA, and you refused to do so. And in a misguided sense of obligation to you, I voluntarily agreed to remain silent even when it was obvious that doing so was not in the best interest of VLDI shareholders at the time. However, in light of this new level of suffering and anxiety brought about by your continued silence even in the face of the recent extreme economic challenges, I can no longer justify doing so.

Since I am not under an NDA, I have no legal obligation to you or VLDI to withhold information I have received from you or have uncovered on my own in my due diligence efforts. And I now feel that the time has come for me to share with my associates and other interested parties all that I understand to be true and accurate about your efforts to monetize ValidianProtect and maximize VLDI's public and private valuation.

Therefore, effective May 15, 2020, I intend to post on the Investor's Hub a public notice that I have created a thread on [my private forum] that will be open to anyone who accesses [the forum's web address]. The purpose of the thread will be to make available to all interested parties 100% of my due diligence regarding VLDI and ValidianProtect, including:

• Email communications and notes from telephone conversations and MP3 files of those conversations between you and me that will clearly show I repeatedly requested that you place me under an NDA and you denied the request
• All written notes and commentary from all of the conversations I have had with you between September 9, 2013, and December 13, 2019.
• 120 MP3 files of the audio recordings of each of those conversations (Yes, they are legal in Texas)
[I now have 123 MP3 files]
• All of the unsolicited PDF documents I received from you relating to VLDI and ValidianProtect
• The PowerPoint presentation you used in the public presentation you made in Florida several years ago that you subsequently refused to share with your own shareholders
• Your business plan that you sent me, unsolicited
• All of the emails that have passed between us as we worked on the text of the 8 press releases we wrote together
• All of the emails I sent to you in which I outlined what I believe you are doing

I regret that this action has become necessary, but you have left your shareholders no alternative but to protect themselves from your outrageous business plan that is apparently designed to only benefit you and your closest associates.

None of this would have been needed had you simply honored your fiduciary responsibility to your shareholders and supported VLDI's public share values with timely information regarding the negotiations, contracts, product installations, product test results, debt settlements, and revenues you have alluded to in nearly every one of our private conversations.

Saddened by this necessity,

[my name]
[my phone number]
[my email address]

Hard copy sent via USPS

CC: [the names of three VLDI investors]
Current members of [my private investment forum]