Do not listen to other people including myself. Simply read the financials and it all becomes clear who owns what. The majority of the debt in the past was own by Leon Finkel which he converted on a regular basis to common shares of stock to maintain a 10% holding of the common shares.( by debt restrictions he never could go over 10%) Since his daughter took over she has not converted that debt on a regular basis.. Bruce would have to report any debt he holds as insider transactions. Which in the past was always reported in the financials, but since VLDI is not a reporting company any more it is very hard to know the current situation only what was last reported. I always fall back that the company could go into a liquidation where the preferred stock holders could take control of the company since they get 2 times there investment back in a liquation and they have first claim.. That is if there is anything to liquidate, which probably there is not. My guess is that Elle has been liquidating her holdings over the last three years, but we will never know as a non reporting company. Yes Bruce could have also been buying shares too as she liquidates but we will never know for certain. The only thing that is certain is that VLDI is worthless at the present time and will probably remain so . I have been reading more and more about Quantum Computing and how it is proceeding and will revolutionize the cybersecurity world. It is already here and growing fast it is just a matter of time. This is a game changer and probably the death for those companies not on board. JMO
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