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Last Post: 12/9/2016 5:16:58 PM - Followers: 274 - Board type: Free - Posts Today: 0
 

  OTC - PINK SHEET 
 
 

Securities and Exchange Commission v Global Digital Solutions Inc - Case 9:16-cv-81413

11/14/2016 - Defendant Answer due on/before 12/15/2016. Signed by Judge Robin L. Rosenberg on 11/14/2016.

https://www.pacermonitor.com/public/case/17827205/Securities_and_Exchange_Commission_v_Global_Digital_Solutions,_Inc_et_al

SEC v Global Digital Solutions Complaint: https://www.sec.gov/litigation/complaints/2016/comp23618.pdf

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Hull v Global Digital Solutions Inc et al (Class Action Lawsuit) - Case: 3:16-cv-05153

12/5/2016
-
 U.S. District Court Judge Freda L. Wolfson will issue the Hull v GDSI et al decision on Tuesday, 1/3/2017.

https://www.pacermonitor.com/public/case/17921405/HULL_v_GLOBAL_DIGITAL_SOLUTIONS,_INC_et_al

Hull v GDSI et al Complaint: http://media.wix.com/ugd/a5f201_a81fab3882e647518d33f07053647f3a.pdf


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8/17/2016 - Federation of Metalworkers of São Paulo discusses Rontan, company sale, back pay, etc.

http://webcache.googleusercontent.com/search?q=cache:uKwNFiTbpGkJ:fedmetalsp.org.br/funcionarios-da-empresa-rontan-eletro-metalurgica-em-tatui-sp-decidem-por-acampar-na-porta-da-empresa/+&cd=1&hl=en&ct=clnk&gl=us

 

Company employees Rontan Electro Metallurgical in Tatuí - SP, decide for camping in the company's door

Company employees Rontan Electro Metallurgical in Tatuí - SP, decide for camping in the company's door

"More than seven months late in the basket, delays in salary salaries, non-compliance with the agreements signed in the Ministry of Labour for the payment of wages and delayed benefits, these are some of the problems Rontan company employees are facing since mid-2015 since the fall of project demands the company by the industry it serves. Company officials, repeatedly confirmed dates for the payment of salaries by the company president, José Carlos Bolzan, in an internal meeting with officials, he said on a specified date would leave the payment of wages, and more 1 bonus salary as compensation for the inconvenience caused to your employees. But none of this was accomplished, leading to despair employees who have no other source of income in the family and depends solely on this job. The Metalworkers Union of Tatuí achieved in August blockaded the company's plant assets to guarantee the rights of employees, which does not solve immediately, but in a future problem employees have guaranteed their rights from that court decision. At this time, company employees are camped at the door, waiting for a solution to the problem facing definitively, and as is not solved, they did not come out of the company's door. Currently, more than 600 employees are away without receiving their salaries and outstanding debt in local shops and banks in the city, since even their loans are not being ignored by the trade and financial institution. Most aggravating is that some employees have arrests warrant already for failure to pay child support. The company representatives say they are waiting for a bureaucratic decision for the release of labor salaries, since the company was sold to a European group, but to date no document was presented or disclosed the name of this group. The Metalworkers Union of Tatuí board has given all legal support to employees and former employees who and filed a labor lawsuit action"



 
William J. Delgado, Chairman and Chief Executive Officer of Global Digital Solutions, Inc., Issues Shareholder Letter Regarding Changes in Executive Management, Near and Long Term Plans 

PALM BEACH, FL / ACCESSWIRE / May 16, 2016 / William J. Delgado, newly-named Chairman and Chief Executive Officer of Global Digital Solutions (GDSI) a company that is positioning itself as a leader in providing comprehensive security and technology solutions, released today a Shareholder Letter announcing the resignation of the Company's Chairman and CEO and two members of the Company's board of directors. Delgado explained the Company's near-term plans to resolve certain debt items and complete, if possible, the announced acquisition of Brazilian firm, Rontan Group (Rontan Electrometalurgica, LTDA). The text of the letter follows: 

May 15, 2016 

RE: Letter to Shareholders 

Dear Fellow Shareholder 

As you know, on May 13, 2016 I accepted the resignations of Richard J. Sullivan as Chairman and CEO of Global Digital Solutions, Inc. along with the resignations of Stephanie C. Sullivan and Arthur F. Noterman as Directors of GDSI. 
Since May 1, 2012, Global Digital Solutions, Inc. (the "Company") has been focusing on acquisitions of defense and defense-related entities both in the United States and abroad. Unfortunately, even with a lot of hard work by the management and employees, we have not been successful in implementing the plan. I, along with a significant number of shareholders, have expressed dissatisfaction with our progress to date. I believe the Company needs to develop its strategy with a new CEO and BOD, therefore I have accepted the positions of CEO and Chairman of the Company - positions which I held up until August of 2013. 
Our first order of business will be to put our financial house in order. This includes our annual audit and all of our required filings. I am reviewing our payables and financial commitments with Jerry Gomolski, our CFO, and will be contacting our debt holders to review and commit to what is best for both our debt holders and the Company. Next, we will be raising capital to not only payoff the debt, but also to provide working capital for the company. I will be looking to debt financing for this and will not commit to any toxic financings, as unfortunately, we have done in the past. Along with that, we will be withdrawing our 14A shortly. 
Third, we will be reviewing our strategic alternatives, including our recent negotiations and agreements with Rontan in Brazil. Our management team feels strongly that we have a strong and valid agreement and will continue to pursue all avenues to find a way to complete the transaction per the terms and conditions previously disclosed in the Share Purchase and Sale Agreement of October, 2015. We are also developing several other strategic initiatives which we hope to announce when complete. We want our disclosures to be fair to the investing public and to meet all regulatory guidelines. 
I want to thank all of the shareholders for their support during this time and I look forward to great success in the very near future. 

Sincerely, 

/s/ William J. Delgado 

William J. Delgado 
Chief Executive Officer 
 

GDSI Acquires Brazil-Based Rontan Group

PALM BEACH, Fla., Oct. 21, 2015 /PRNewswire/ -- Global Digital Solutions, Inc. today announced that it has acquired the Rontan Group ("Rontan"), headquartered in Sao Paulo state, Brazil.  At an upcoming special meeting, GDSI's board of directors is expected to elect Rontan's CEO, Edigimar A. Maximiliano Jr., Chief Executive Officer of GDSI.

According to a GDSI spokesman, "This exciting transaction represents a significant step forward for GDSI," said Richard J. Sullivan, expected to be named non-executive Chairman of GDSI.

"Rontan's capabilities create enormous synergies with the specialty vehicles produced by North American Custom Specialty Vehicles (NACSV), GDSI's wholly-owned subsidiary." 

"We're especially delighted "Max" Maximilliano (Rontan's CEO, Edigimar A. Maximilliano) will serve as GDSI's CEO. Max is an extremely talented and experienced leader, and we're excited about welcoming Max and the entire Rontan team to the growing GDSI family."

"This is a momentous milestone in Rontan's 45-year history," said Edigimar Maximilliano ("Max"), expected to be named GDSI's new CEO. The combination of Rontan and GDSI – with GDSI's experienced management team and board of directors will help us expand our capabilities while continuing to provide our worldwide customers with world-class products and services."

"I'm looking forward to leveraging Rontan's extensive experience and international reach to enable the new GDSI team to seize the many profitable growth opportunities envisioned by GDSI's global strategy."

Refer to GDSI's October 19, 2015 SEC Form 8-K filing (gdsi.co) for more details about this transaction.



OTC - Pink Sheet


Transfer Agent
Name: Issuer Direct Corporation
Address 1: 500 Perimeter Park Drive
Address 2: Suite D
Address 3: Morrisville, NC 27560
Phone: 919-481-4000
Is the Transfer Agent registered under the Exchange Act?* YES.


GDSI Share Structure

Market Value: $190,738 a/o Sep 29, 2015
Authorized Shares: 650,000,000 a/o NOV 04, 2015
Outstanding Shares: 489,476,766 a/o NOV 04, 2015




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GDSI News: Current Report Filing (8-k) 08/16/2016 10:40:34 AM
PostSubject
#36472  Sticky Note BOARD WARNING - Please read: IH Admin [Shelly] 08/26/16 12:21:22 PM
#36292  Sticky Note Wednesday, August 24 2016 1:21 PM, EST EQUITY INTHEKNOW1 08/24/16 01:23:35 PM
#36247  Sticky Note GDSI vs European Company knownbrave 08/24/16 02:28:28 AM
#34337  Sticky Note William J. Delgado, Chairman and Chief Executive Officer powerbattles 05/17/16 02:32:10 PM
#37639   Knownbrave, Thank you and have a good Christmas mccc 12/09/16 05:16:58 PM
#37638   The chart is actually looking great now. If MarkDaniels 12/09/16 03:03:32 PM
#37637   Agreed. R/R favors bulls here. Big hyperion 12/09/16 02:30:40 PM
#37636   Always nice to hear from you and it hockeypond 12/09/16 02:26:59 PM
#37635   Sounds sound to me..ask @.0018 now! wharfrat 12/09/16 01:49:49 PM
#37634   Accumulation is Over. It's go time! knownbrave 12/09/16 01:08:35 PM
#37633   Not sure Ross knows how to even turn hyperion 12/08/16 12:28:23 PM
#37632   Delgado posts by name, the mysterious "GDSI" may TKane 12/08/16 07:34:27 AM
#37631   Never posted on GDSI's Facebook page but I hockeypond 12/08/16 12:02:11 AM
#37630   The 5th hyperion 12/07/16 04:34:52 PM
#37629   When did he make that particular prediction ? BARRENCE 12/07/16 04:04:43 PM
#37628   Either this thing has huge news ahead or Wolfe64 12/07/16 03:54:56 PM
#37627   That will be nice but just curious how hockeypond 12/07/16 11:49:57 AM
#37626   Looks like there will be news on 1/3/17. TKane 12/06/16 05:40:36 PM
#37625   Yes we are. Expect a gap up when knownbrave 12/06/16 04:28:49 PM
#37624   Seeing pretty good bid support hockeypond 12/06/16 01:21:33 PM
#37623   Yes imminent only because I heard it from LBYRD 12/06/16 10:10:39 AM
#37622   I guess you can get away with that MrBlackLungs 12/06/16 10:05:09 AM
#37621   Uh huh - That sounds familiar. Been in itpromike 12/06/16 09:52:01 AM
#37620   January 3, 2017 will be an important date. TKane 12/06/16 09:24:08 AM
#37619   Until the SEC finishes their investigation we will LBYRD 12/06/16 08:44:18 AM
#37618   So... where's this 8K and PR? itpromike 12/06/16 05:58:34 AM
#37617   Almost daily updates for the many litigations by TKane 12/05/16 04:07:01 PM
#37616   Any one have an update on the Rontan hockeypond 12/05/16 01:53:40 PM
#37615   somebody with hardly any shares, lol hyperion 12/05/16 10:34:51 AM
#37614   Well somebody has had enough. Wolfe64 12/05/16 10:33:45 AM
#37613   So, disgorgement and barring of directors as well? TKane 12/02/16 03:49:17 PM
#37612   doesn't matter; anything court says or doesn't say hyperion 12/02/16 03:36:11 PM
#37611   Monday's GDSI court reply will be "new" news. TKane 12/02/16 03:19:02 PM
#37610   Old news. Priced in, and downside protected hyperion 12/02/16 03:14:46 PM
#37609   Only their presence in court with litigations, MBL. TKane 12/02/16 12:40:20 PM
#37608   Huh...will the 'silence' be 'golden'? wharfrat 12/02/16 11:34:52 AM
#37607   Doubt it. There is no Christmas presents here MrBlackLungs 12/02/16 11:29:46 AM
#37606   Bullish. Santa rally coming. hyperion 12/02/16 11:20:11 AM
#37605   This is one of the things that troubles me. Vitamix8173 12/01/16 07:15:23 PM
#37604   LOL. Best comment of 2016. Wolfe64 12/01/16 09:02:49 AM
#37603   sounds bullish if they're that lean! hyperion 11/30/16 11:36:14 AM
#37602   Dunno. A guy named Bob tried reaching GDSI TKane 11/30/16 09:51:15 AM
#37601   Jeepers where is Bill? Wolfe64 11/30/16 08:48:51 AM
#37599   Seems "when things are completed in their entirety." TKane 11/28/16 01:32:02 PM
#37598   If Bill was being serious, he would be MarkDaniels 11/28/16 01:15:30 PM
#37597   Been saying that for a long time but MrBlackLungs 11/28/16 12:49:35 PM
#37596   Bill is blowing it by his silence. To BenCharlie86 11/28/16 12:24:19 PM
#37595   Some of the court decisions resemble a vacuum TKane 11/28/16 12:22:33 PM
#37594   Ok, but what does the word "hoov'd" mean ? BARRENCE 11/28/16 12:02:06 PM
#37593   Please refer to Jusbrasil.com for related court actions TKane 11/28/16 11:38:54 AM
#37591   Please explain what you mean by your statement BARRENCE 11/28/16 11:29:02 AM
#37590   Courts hoov'd Rontan assets. What's GDSI's next gig? TKane 11/28/16 08:36:45 AM
#37589   Dying to see if Delgado has any type Wolfe64 11/28/16 08:10:24 AM
#37588   Let's go boys! Big week ahead! Easy money Rudeboy415 11/27/16 09:01:52 PM
PostSubject