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Global Digital Solutions (GDSI)

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Last Post: 9/27/2016 9:43:42 AM - Followers: 294 - Board type: Free - Posts Today: 3


Hull v GDSI et al Complaint:,_INC_et_al


New Jersey District Court
Judge: Freda L Wolfson
Referred: Tonianne J Bongiovanni
Case #: 3:16-cv-05153
Nature of Suit 850 Other Statutes - Securities/Commodities/Exchange
Cause 15:78m(a) Securities Exchange Act
Case Filed: Aug 24, 2016 
Wednesday, August 24, 2016
4   Summons Issued Wed 2:14 PM 
SUMMONS ISSUED as to WILLIAM J. DELGADO, GLOBAL DIGITAL SOLUTIONS, INC., DAVID A. LOPPERT, ARTHUR F. NOTERMAN, RICHARD J. SULLIVAN, STEPHANIE C. SULLIVAN Attached is the official court Summons, please fill out Defendant and Plaintiff's attorney information and serve. Issued By *John Moller* (jem)
3   Summons - Request for Issue Wed 12:18 PM 
2   Corporate Disclosure Statement Wed 12:17 PM 
Corporate Disclosure Statement by JEFF HULL. (ROSEN, LAURENCE)
1   Complaint Wed 12:14 PM 
    Att: 1 PSLRA Certification,
    Att: 2 Civil Cover Sheet
    utility Add and Terminate Judges Wed 12:59 PM 
Judge Freda L. Wolfson and Magistrate Judge Tonianne J. Bongiovanni added. (jjc)




8/11/2016 - Case 9:16-cv-81413-XXXX Doc# 1 - Entered on FLSD Docket 

- Global Digital’s False and Misleading Press Releases And Subsequent Private- Placement Fundraising

- Global Digital’s False and Misleading SEC Regulatory Filings

- Global Digital’s False and Misleading Form 10-K

- Global Digital’s Misleading Website

- Aiding and Abetting Global Digital’s Violations


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


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 to the same company president, José Carlos Bolzan in 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 has been accomplished, leading to despair employees who have no other source of income in the family and depends solely on this job."

"The Union of Metalworkers of Tatura, achieved in August the blockade of 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 the loans discounted sheet are not being passed on to the trade and financial institution. The most aggravating, some employees are already arrest warrant 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 board of the Union of Metallurgical Tatuí has given all legal support to employees and former employees who filed a labor lawsuits work."

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. 


/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 ( 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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Current Price
Bid Ask Day's Range
GDSI News: Current Report Filing (8-k) 08/16/2016 10:40:34 AM
GDSI News: Current Report Filing (8-k) 06/01/2016 05:24:04 PM
GDSI News: Current Report Filing (8-k) 05/16/2016 05:51:42 PM
GDSI News: Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) 04/28/2016 05:08:42 PM
GDSI News: Current Report Filing (8-k) 04/08/2016 05:30:33 PM
#37022  Sticky Note NEWS NEXT WEEK! knownbrave 09/24/16 11:33:00 PM
#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
#37096   You are right, as usual. BARRENCE 09/27/16 09:43:41 AM
#37095   The Europeans' DD would've vetted any termination concerns. TKane 09/27/16 09:29:49 AM
#37094   That question will not be answered before an OTCMplays 09/27/16 08:57:28 AM
#37093   win/win! hyperion 09/26/16 07:32:59 PM
#37092   Ha someone wants to know what's up. Wolfe64 09/26/16 05:44:15 PM
#37091   GDSI FB had a question today that remained TKane 09/26/16 05:35:30 PM
#37090   Well the initial figures were tossed out at OTCMplays 09/26/16 02:14:50 PM
#37089   Exactly. hyperion 09/26/16 02:11:24 PM
#37088   What's your opinion on a settlement? I don't hockeypond 09/26/16 02:06:57 PM
#37087   Well it appears that Rontan has basically been OTCMplays 09/26/16 02:04:12 PM
#37086   I am just a trader, I have been OTCMplays 09/26/16 01:43:13 PM
#37085   BEST case scenario, is what you just posted. hyperion 09/26/16 01:42:11 PM
#37083   Here is what I think is going on. OTCMplays 09/26/16 01:36:21 PM
#37082   GDSI is a company under SEC charges, the OTCMplays 09/26/16 01:09:09 PM
#37081   Probably from a lack of guidance from GDSI. TKane 09/26/16 12:58:50 PM
#37080   It should be running now and it isn't. hockeypond 09/26/16 12:54:11 PM
#37079   I guess this is the swing for the hockeypond 09/26/16 12:49:20 PM
#37078   Does anyone know why no trade today? rocket999 09/26/16 12:48:30 PM
#37075   GDSI should disgorge a PR sooner than later. TKane 09/26/16 11:40:17 AM
#37074   The problem with your statement is that the MrBlackLungs 09/26/16 11:35:02 AM
#37072   emphasis "low end". Breaches this bad are, hyperion 09/26/16 10:01:12 AM
#37070   Weekend News: Rontan Negotiates Sale to European Group TKane 09/26/16 09:29:59 AM
#37069   You are assuming that Rontan DID breach its BARRENCE 09/26/16 08:46:15 AM
#37068   On the low end that's 26x our current Wolfe64 09/26/16 07:40:04 AM
#37067   GDSI will run on expectation of acquisition and/or MarkDaniels 09/26/16 07:00:56 AM
#37066   There were some estimates thrown out some time OTCMplays 09/26/16 05:51:57 AM
#37065 Wolfe64 09/26/16 05:08:52 AM
#37064   Any idea what Rontan pays for breach of contract? Wolfe64 09/26/16 05:08:08 AM
#37063   Do we think news this week or would Wolfe64 09/26/16 05:04:12 AM
#37062   We've been over the penny mark on rumor before. Wolfe64 09/26/16 05:03:25 AM
#37061   Looks like a good week ahead. Wolfe64 09/26/16 05:00:33 AM
#37059   Operative is involved..... paulpaint 09/25/16 06:37:38 PM
#37058   Well I think they are well past the OTCMplays 09/25/16 06:13:05 PM
#37057   Thanks OTCMplays. US publicly-traded companies are required to TKane 09/25/16 05:55:43 PM
#37056   Yes, I did read the 2015 proposal. But MarkDaniels 09/25/16 05:00:32 PM
#37055   It says the deal is done on the Wolfe64 09/25/16 04:29:21 PM
#37054   Exciting news for sure!!! We are ranger_7 09/25/16 03:44:13 PM
#37053   Okay. Thanks PP. have a blessed day and Hamocydal206 09/25/16 03:31:31 PM
#37052   I can tell you that Shawntrade and I paulpaint 09/25/16 02:54:08 PM
#37051   Belgium? Is it possible if you and shawntrade Hamocydal206 09/25/16 02:41:55 PM
#37049   Sorry I couldnt resist, I think GDSI is OTCMplays 09/25/16 02:36:08 PM
#37048   Did you read the bottom of that Press OTCMplays 09/25/16 02:31:49 PM
#37047   Well anything is possible and if GDSI shareholders OTCMplays 09/25/16 02:29:11 PM
#37046   Funding is coming from Belguim I hear. I MarkDaniels 09/25/16 02:28:49 PM
#37045   On The contrary I have seen many deals LBYRD 09/25/16 02:21:19 PM
#37044   There are 2 sections of that release that OTCMplays 09/25/16 01:49:24 PM
#37043   I as well have been saying GDSI only OTCMplays 09/25/16 01:31:05 PM
#37042   I have a feeling all the Gold is OTCMplays 09/25/16 01:29:33 PM
#37041   This part is of interest also OTCMplays 09/25/16 01:27:50 PM
#37040   Bolzans could have been paying those wages. hyperion 09/25/16 01:10:43 PM