The answer to your first question is YES. The buying entity will make a PER SHARE offer. That offer, once accepted, will mean that the money will then be distributed to all of the SHAREHOLDERS who qualify for a SHARE of that buyout offer via our brokers.
All that has happened with Validian Corp is that it is no longer being traded on a public exchange. It is STILL A CORPORATION, and as such it is STILL OWNED by all of the SHAREHOLDERS who own SHARES of that corporation. Those SHARES give all of us LEGAL PROTECTIONS under the laws of NEVADA. And those protections require some level of public disclosure and accountability, though certainly not as much as before.
It is highly unlikely that a PRIVATE company will be able to meet Bruce Benn's price. He has not dragged this thing out for twenty years to take the first lowball price he gets. He has been turning down lowball offers for at least a decade. There is no reason to assume he will suddenly accept one after all this time. And if the offer is from a public company, that buying entity must tell its SHAREHOLDERS of the buyout.
Also, something that has never been discussed on this forum to my knowledge is that fact that in at least three PDF documents the company has used in the past to market the VP product, Bruce has said that the Majors who know about VP have told him they are willing to let him build the company value to $26BILLION before making an offer. That same information was included in the slide presentation Bruce used in every public demonstration of VP in the past decade, even in a Florida trade show several years ago that anyone willing to pay the price of admission could view,
Even after issuing shares to all creditors to pay debts, and issuing shares to Bruce to reimburse him for years of working without salary, a $26BB buyout will give us a per share price of approximately $25 PER SHARE. We may never see that price, but it cannot be denied that it is the price range Bruce has suggested is possible.
People like Alla P. and Memphis, and a few others who are HUGE SHAREHOLDERS, and QUITE WEALTHY in their own right, will want their money when Bruce wraps things up. It is not likely that they would sit by and let him sell VP and pocket all the money without a MAJOR LEGAL BATTLE.
But, you are correct that the company going gray has complicated things for all of us. In that regard, we are at Bruce Benn's mercy, and he has never demonstrated that he has any. I cannot adequately resolve those concerns with 100% certainty. I am taking it by faith that Raphael Gorgal, who as of a year ago was still working with Bruce Benn to get VP to the market, would not be part of some scam to beat us all out of our money. And the last statement I heard attributed to him was that VP is now capable of things that they never dared hope it could do in the past.
And, I assume that if VP or VLDI is bought by a public company, that company would not agree to be part of a scheme to defraud thousands of VLDI shareholders. Such a move would surely open them to lawsuits as co-conspirators.
Some things are just not worth worrying about. In my opinion, worrying about Bruce Benn stealing from us is one of them.
Bruce Benn has taught us all not to trust companies that have no BOD, or that have only one officer, or even any emerging technology company, for that matter.
In my opinion, his business plan is outrageous. We all know that now. But, it is still a workable plan, assuming that the economy and the stock market and the banking sectors don't totally collapse, or someone starts a shooting WW3, before Bruce FINALLY does what he is supposed to do.
My concern is that I am afraid Bruce is arrogant enough to believe his plan can survive and prosper regardless of world events. He thinks his plan is failure-proof. He seems to think that the plan is just too brilliant to fail. The stock market boneyard is FULL of companies that went belly up because their CEOs thought they were smarter than everyone else. From that point of view, Bruce scares me. I have never known anyone in my 76 years who is as arrogant as he is. When I think of Bruce, I think of Proverbs 16:18 - "Pride goes before destruction, a haughty spirit before a fall."
JMHO
TPP
Answer a fool according to his folly, or he will be wise in his own eyes. (Proverbs 26:5)
AI
