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Re: hockeypond post# 37088

Monday, 09/26/2016 2:14:50 PM

Monday, September 26, 2016 2:14:50 PM

Post# of 50022
Well the initial figures were tossed out at 26 million or so back when Rontan was proclaimed to be up to full net worth. Obviouisly with them being plant closed and loss of business as well as way behind with payroll and accounts recievable the value would be much less which would affect whoever did that initial analysis.

If GDSI could swing anywhere near 10 million I think that would catch it but thats just me pulling numbers out of thin air.

Like you I find it hard to see that Rontan didnt think they had a good reason to terminate the contract with GDSI, that is why I was saying this European group may be willing to negotiate just to keep Rontan out of court

One reason I go this low is that with the SEC charges GDSI's power has been re4ally restricted

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