Validian Corp fka VLDI

[ChangingChannels]

https://stockhouse.com/companies/bullboard/vldi/validian-corp?postid=9707199


Validian Corp. VLDI
Technology
Validian Corp is a U. S based company engaged in providing software products to assist public and private enterprises in addressing the issues surrounding the protection of digital information and application security. The company's product include ValidianProtect which can be integrated to handle and protect the storage, access, transfer, receipt, and usage of data.
$0.00
USDOTC EXPERT MARKETDELAYED PRICEMARKET CLOSEDMAY 4, 2022 4:00 PMEDT
Validian Corp. > The "real" story!!!!!!!!!
New Post
Newer Post »
View All Posts

0
+ Favorites

Revengesoon (0)
User Actions
October 15, 2005 - 07:19 AM
694 Reads
Post# 9707199
The "real" story!!!!!!!!!
Dear Boardmembers, with the following information i would like to present you some facts,which will help you in your further due dilligence. In order to know more about VLDI.OB it is important to realy KNOW who is acting BEHIND the scenes. VALIDIAN is a project by a group called CAPITAL HOUSE. In order to find their website just "google" it, because i can not post the link in here. That group includes the following "brains": Bruce Benn,lawyer Ron(ald) Benn,accountant Ted(Edward) Munden,engineer Brian Barr,lawyer Over the last 10 years, this group has LOST almost 200 Mio USD in investments in small public companies.But NOT the individuals themselves, they destroyed that amount in "public companies" and the SHAREHOLDERS lost almost ALL their equity. In the mining sector the group started AMT Resources in the mid 90ies.(see the AMT resources transaction in their website) They raised almost 5 Mio CAD in equity from a private european investor.AMT owned a "gold mining property" in the Yukon, which in several studies was said to contain a "high ore grade". The operation was put in place, including Trucks,machinery, processing plant and so on...........BUT after the first processing run, it turned out that the ore grade was far less than expected. The project was continued for several more month and as "economically insufficent" closed 2 years later. The sale of the equipment and the property just returned the outstanding debt and the original equity was LOST for the european investor. But the "canadian dream team" had received several hundred thousand dollars in salaries!!!!! Another company was set up by the same Canadians in the oil and gas sector: Queen Sand Resources(Nasdaq small cap "QSRI") In that company Ted Munden acted as President.QSRI managed to buy "oil and gas production" and even got an ENRON Affiliate to take a 33% stake in the company. With a very "bad" hedging program and way overpaid aquisitions, funded with NUMEROUS equity and debt offerings, the shareholders got more and more diluted, because MANAGEMENT was unable to find "good" drilling prospects and production was MUCH lower than forecasted.The stock went from over 5$ to 0.1$ in less than 3 month.Most interesting was the last offering, with so called "reset rights", where it was HIGHLY dilutive for all old shareholders. In the last stage of QSRI, management, spureheaded by Bruce Benn did a 156:1 reverse split and renamed the company Devon X.After a few weeks this company was sold to Comstock Resources for 7$. Whoever had QSRI shares @5 went through the following: 1000 QSRI @5=5000 USD Reverse Split 156:1 6 shares Devon X post split 6 shares sold for 7$=42$ This is just a "great" investment! On the Capital House website this story is NOT told in detail, but what IS said makes investors think something completly different had happened. To read more on QSRI, simply google it. I want to address your attention on 2 other companies Capital House is "entertaining" right now: Mustang Minerals.........TSX Venture MUM.V Datajungle Software.....OTC BB........DJSW.OB These 2 ventures have Brian Barr(MUM.V) and Ted Munden(DJSW) as "talking heads". Both companies have raised several million USD in the past years, with numerous equity offerings and have NOT earned a SINGLE $ so far. So , you will ask?, why are these guys doing this: 1.These guys have income(they get a pay check from the companies every month) 2.Capital House gets consulting fees 3.In every "run up" management sells shares(not their "official" ones, but those hidden in "offshore" accounts) 4.Why did NOBODY sue them so far???All these transactions are perfectly LEGAL, but in fact almost 200 Mio INVESTOR money got LOST. For very good reasons 2 Capital House members are lawyers. I hope this helps to increase the amount of Due dilligence, before making investments in these (ad)ventures. Everything i posted is PUBLIC INFORMATION and can easily be found in the internet. Revenge