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GLOBAL DIGITAL SOLUTIONS, INC.


777 S. Flagler Dr, Ste. 800 West Tower, W. Palm Beach FL 33401


Phone:  561-515-6198; Fax: 916-990-9172; Internet www.gdsi.co


FB: https://www.facebook.com/Global-Digital-Solutions-Inc-438625376477080/

GDSI on OTC Markets Website: http://www.otcmarkets.com/stock/GDSI/quote


 



GDSI v Grupo Rontan Electro et al case and linkhttps://www.docketbird.com/court-cases/Global-Digital-Solutions-Inc-v-Grupo-Rontan-Electro-Metalurgica-S-a-et-al/flsd-9:2018-cv-80106



Hull v Global Digital Solutions, Inc. case and link: (3:16-cv-05153-FLW-TJB) District Court, D. New Jersey: https://www.courtlistener.com/docket/4518142/hull-v-global-digital-solutions-inc/

https://www.courtlistener.com/recap/gov.uscourts.njd.336777/gov.uscourts.njd.336777.48.0.pdf



 

                                          April 3, 2018  Just a quick update. We are awaiting confirmation of service in the Rontan legal matter. It is a very precise process and I am very happy with the work being done by BSF and their partners in Brazil. I am currently in New York with potential financiers for GDSI. I was alerted today when I landed that there was a rumor that I had stepped down. Obviously that is a fabrication. I am extremely focused and committed to the Company. Can’t wait to release more news as it becomes available. Thanks again. 
 

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                                   GDSI CEO William Delgado Issues Update to Shareholders


West Palm Beach, FL, February 6, 2018-- Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, issues the following update from its President and CEO William Delgado.  


Dear Fellow Shareholder,

After nineteen months of work, thousands of man hours, and a lot of money, we were able to provide an update through last week’s news concerning litigation pertaining to the acquisition of Rontan and a very important financing. These two steps are critical in the company regaining stability and the ability for a path forward. Due to the extremely complex and confidential nature of the legal issues, I have been unable to update everyone on these issues. In this shareholder update, I am going to focus on two items; 1.) Where we are now  2.) Where are we going?

Where are we now? Since May of 2016, two of our most significant achievements have been retaining the Boies Schiller Flexner law firm related to the Rontan litigation and the institutional financing. We are thrilled that BSF has seen the merits of our legal position. We have also been able to achieve an institutional financing which we announced last week. We have already received $300,000 and these funds are non-toxic, non-convertible and will never be convertible into equity.

Legal Work: I would like to add a few more words about the quality of the legal representation we have had over the past 19 months. Brinen and Associates has done an excellent job representing our company in several different lawsuits. We expect all of these lawsuits to be resolved favorably for GDSI shareholders. The Ramsay/Deckle/NACSV litigation has been settled and dismissed. The other two pending lawsuits by Hull and Lopez have been, in my opinion, trending in our favor. Please do your own due diligence as all of the filings related to these cases are on PACER. The quality of Brinen and Associates work has been vital to our survival as a company.

The ability of the two primary lawyers that will be representing us related to the Rontan litigation speaks for itself. The lead counsel in the lawsuit will be Carlos Sires. Mr. Sires is a partner at BSF working out of their Fort Lauderdale office. Mr. Sires specializes in commercial litigation, primarily complex commercial litigation with a nexus to Latin America, including Costa Rica, Mexico, Venezuala and the Dominican Republic. Mr. Sires has represented officers and directors in securities litigation. Mr. Sires has appeared in numerous Federal and State courts, Florida’s appellate courts, and in the First, Second, Third and Eleventh Circuits of Appeals.

William Isaacson will also be a part of our counsel in the Rontan lawsuit. Mr. Isaacson is a partner in the Washington DC office of BSF. Mr. Isaacson is a 2015 American Lawyer Litigator of the Year, a three-time winner of the American Lawyer Litigator of the Week and a Fellow of the American College of Trial Lawyers. Global Competition Review, the world’s leading antitrust and competition law journal and news service said this about Mr. Isaacson, “Arguably no antitrust lawyer in recent memory has had as much success for both plaintiffs and defendants as Boies Schiller partner Bill Isaacson.” In 2013, Mr. Isaacson was trial counsel in the first antitrust action against Chinese companies for cartel conduct related to products sold in the United States, winning a $162 million judgment, and an additional $33 million from settling defendants.

Liabilities and SEC Issues: During this time, we have also reduced past due liabilities by approximately $516,000. We have settled with the three remaining “Toxic” financing lenders and there will be no more conversions under those notes. As per the SEC actions, the initial action undertaken in August of 2016 has been settled and finalized on January 2, 2018 by the judge handling the case. I will be filing an 8K shortly. The Company currently has an outstanding balance due to the SEC of approximately $103,000. I am currently working on getting this fine and disgorgement penalty paid as soon as possible. In late December of 2017, the SEC also notified the Company it would be holding a hearing regarding the Company’s late filing issues. Our legal team has done a great job of communicating with the SEC regarding the filing of our financial statements. The Company, during this time, has been unable to let anyone outside of the Company, including the SEC, review any information regarding the Rontan lawsuit and the financing due to confidentiality reasons. We intend to notify the SEC in our filings of these events. The legal issue with Rontan has had a significant financial impact on the Company and our ability to file timely financials. The Company has completed a significant portion of the filing work internally, but we have not had the financial capability to pay our auditors. With our financing, we will start that external process immediately. We hope that the SEC will see the damage caused by this event and its impact on our filings.

Where are we going? The Company is currently negotiating a contract for one mobile command center utilizing our subsidiary NACSV. It should be noted that this contract is in the negotiation stage only. If the Company is able to procure the contract (Approximately $450,000), we will announce it in a separate press release and 8K.

After the filings are completed and our balance sheet is in order, I intend to move into two areas: Infrastructure Engineering Technology and Cybersecurity Technology. I believe that these two areas will provide the greatest long term value for the shareholders.  I want to stress that this is the plan moving forward. Any merger and acquisition targets will require additional financing and increased management support. I believe that our management and advisory teams, with the proper financing, can attract and enhance company(s) in these areas.

In closing, I want to thank the shareholders who have stood by me and the team during this incredibly difficult time. I hope that I can restore your faith in our ability to make GDSI successful.

Full text of the press release

 

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William J. Delgado, Chairman and Chief Executive Officer of GDSI, Issues Press Release Regarding new Institutional Financing

http://www.gdsi.co/page86.html

Global Digital Solutions Inc. Secures $1,200,000 in Financing from New York-based Institution

West Palm Beach, FL, February 2, 2018-- Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, has announced it has secured $1,200,000 in financing from a New York-based institution.   

The financing is non-dilutive, non-toxic and is not convertible and will never be convertible into any equity of the Company. The financing will be distributed in tranches based on pre-determined milestones as developed by the institution. The first $300,000 has been received and has been used to pay a portion of the Company’s previously announced liabilities and some legal expenses not associated with the Rontan lawsuit. Global Digital Solutions expects to be able to meet the next milestone within 90 days.

 

The New York-based institution has never invested in any micro-cap stock in their corporate history. The principals of the New York-based institution are leaders in their field and are well known as individuals that have been pioneers in building a particular industry here in the United States.

William J. Delgado, GDSI’s CEO, noted that “This financing is a validation by a well-respected New York-based institution of their confidence in our future plans. It is quite rare that a company of our size gets a non-dilutive, non-convertible infusion of capital but we were able to achieve this. As we announced just two days ago, we have engaged Boies Schiller Flexner LLP and initiated legal action against Grupo Rontan Electro Metalurgica, S.A. and principal shareholders, Joao Bolzan and Jose Bolzan.”

About Global Digital Solutions, Inc.

Global Digital Solutions is positioning itself as a leader in providing comprehensive security and technology solutions. On June 16, 2014, GDSI completed its acquisition of North American Custom Specialty Vehicles (NACSV), a leading builder of mobile command/communications and specialty vehicles for emergency management, first responders, national security, and law enforcement operations. For more information about GDSI, visit http://www.gdsi.co.

Forward Looking Statements

This press release contains “forward-looking statements.” The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements include statements regarding moving forward with executing the Company’s global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law.  We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved.  Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company’s Annual Report on Form 10-K filed on March 30, 2015, and in our other filings with the U.S. Securities and Exchange Commission.

Contact:

William Delgado

561-515-6198

info@gdsi.co
 

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William J. Delgado, Chairman and Chief Executive Officer of GDSI, Issues Shareholder Letter Regarding Recent SEC Developments and Current Status of Previously-Announced Plans

http://www.gdsi.co/page57.html

PALM BEACH, FL / ACCESSWIRE / August 17, 2016

William J. Delgado, newly-named Chairman and Chief Executive Officer of Global Digital Solutions (OTC: GDSI) a company that is positioning itself as a leader in providing comprehensive security and technology solutions, today released a Shareholder Letter
announcing the filing of an 8-K regarding an SEC action against the Company and two of its former officers and directors. In addition, the letter provides updated information on previously-communicated issues and initiatives. The text of the letter follows:

August 16, 2016

RE: Letter to Shareholders

Dear Fellow Shareholder,

As you may know, The Company filed an 8-K on Tuesday, August 16, 2016 outlining a civil action being brought by the SEC against the Company and two of its former officers and directors. The Company has retained legal counsel to evaluate the complaint and I will attempt
to keep the shareholders updated to the extent allowable by law. It should be noted that the Company’s liability extends only to the alleged acts of these former officers and directors as employees the company. No other personnel, employees or contractors are so named.

Since issuing the shareholder letter on May 15, 2016, Global Digital Solutions, Inc. (the “Company”) has been working on the priority items I set out in the letter.

(1) Cleaning up the Company’s balance sheet and becoming current with our public filings.

Status: We have made good progress on these items, but will not be able to give specifics until sometime in September.

(2) Reviewing our strategic alternatives, including our recent negotiations and agreements with our announced acquisition.

Status: The management team of myself, V.P. of Business Development, Ross Trevino, and advisory board member, Matt Kelly, have made substantial progress in this area. Unfortunately, we are unable to provide details at this time, both for legal and strategic
reasons
. I look forward to disclosing our information to you at the appropriate time. Rest assured our management team, including Chief Financial Officer, Jerry Gomolski, and Chief Technology Officer, Gary Gray, are working hard to get all of the work completed.

This summer has been one of the most challenging periods of my entire career. Please know there are significant financial and legal hurdles still in our path; we will be relying on our management experience and will require outside help, i.e. financing, in order to achieve our goals.

Your understanding and support 
is greatly appreciated.

Sincerely,

/s/ William J. Delgado

William J. Delgado, CEO

For more information about GDSI, visit http://www.gdsi.co.

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GDSI Acquires Brazil-Based Rontan Group

http://www.prnewswire.com/news-releases/global-digital-solutions-inc-gdsi-acquires-privately-held-rontan-group-of-brazil-300163506.html

PALM BEACH, Fla., October 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 electRontan'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: Quarterly Report (10-q) 08/14/2018 03:58:41 PM
GDSI News: Quarterly Report (10-q) 07/13/2018 06:05:49 AM
GDSI News: Annual Report (10-k) 06/29/2018 05:26:40 PM
GDSI News: Quarterly Report (10-q) 06/22/2018 05:01:02 PM
GDSI News: Quarterly Report (10-q) 06/22/2018 04:57:59 PM
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PostSubject
#41046  Sticky Note I doubt they see hundreds of millions in MrBlackLungs 07/04/18 12:22:32 PM
#41026  Sticky Note Rontan deal was signed and dated: wharfrat 06/28/18 10:14:18 AM
#40590  Sticky Note ".05-.31" ~ Depends on when one or wharfrat 03/06/18 09:17:55 AM
#41315   Yup. Their balance sheets and cash flow must MrBlackLungs 09/21/18 04:27:34 PM
#41314   It wouldn't surprise me that after the GDSI flight director 09/21/18 04:25:00 PM
#41313   “It should be noted that although I deny Rudeboy415 09/21/18 03:55:35 PM
#41312   Hey MBL, Hull v GDSI is plodding forward. TKane 09/21/18 02:55:51 PM
#41311   ALL of my information comes from the SEC flight director 09/21/18 12:40:10 AM
#41310   So how much money will GDSI get? When pennyman13 09/20/18 11:45:22 PM
#41309   TKANE, I hope you know I was being pennyman13 09/20/18 11:30:25 PM
#41307   Not a chance, p13. Tooth and nail stuff. TKane 09/20/18 04:04:30 PM
#41306   All of the issues you bring up have flight director 09/20/18 04:00:19 PM
#41305   What is the claims time limit for bankruptcies? TKane 09/20/18 03:56:53 PM
#41304   I'll put my faith in Boies Schiller Flexner flight director 09/20/18 03:54:18 PM
#41303   I guess that theory would work. Too bad flight director 09/20/18 03:52:25 PM
#41302   Public...here in the US. The Bolzan aren't stupid TKane 09/20/18 03:47:01 PM
#41301   As a side note, BSF engaged on December flight director 09/20/18 03:41:38 PM
#41300   The Sullivan issues didn't become public until August flight director 09/20/18 03:39:14 PM
#41299   Fraud dates: October 2013, November 2013, March 2014. TKane 09/20/18 03:34:09 PM
#41298   Don't think they can use that excuse. They flight director 09/20/18 03:28:44 PM
#41297   Maybe Sully was the reason to terminate it. TKane 09/20/18 03:20:37 PM
#41296   That would be $30M (Per SPA). Remember, it's BSF. flight director 09/20/18 02:34:47 PM
#41295   They will not pay a dime above what MrBlackLungs 09/20/18 01:40:50 PM
#41294   So, you don't think the Bolzan's and Brazilian pennyman13 09/20/18 12:09:07 PM
#41293   A month on and no Rontan service-in-hand news. TKane 09/20/18 10:38:34 AM
#41292   That is great news, thx fd! wharfrat 09/20/18 10:32:52 AM
#41291   The SEC has dismissed the Administrative Action against flight director 09/20/18 10:18:51 AM
#41290   Agreed to that gulfwatch!... wharfrat 09/19/18 10:30:02 AM
#41289   Yup. SEC administrative cases up and running again. TKane 09/14/18 02:05:14 PM
#41288   Could get interesting between now and years end. gulfwatch 09/14/18 12:57:33 PM
#41284   Please highlight the section that says they get flight director 09/06/18 11:03:26 PM
#41282   Read the retainer agreement again. They get $1.2M pennyman13 09/06/18 10:55:54 PM
#41281   Yes there is a retention agreement. Anytime you flight director 09/06/18 10:46:33 PM
#41280   OMG! 1 more time FD. The truth will pennyman13 09/06/18 10:26:53 PM
#41279   They didn't get a retainer. They are due flight director 09/06/18 10:01:43 PM
#41278   Ok, if that's what you believe the only pennyman13 09/06/18 09:53:57 PM
#41277   How much money did BSF require as a pennyman13 09/06/18 09:45:10 PM
#41276   Check your dates. The $300 K came late flight director 09/06/18 09:36:04 PM
#41275   Interpret it how you. It Did Not. Flight gulfwatch 09/06/18 09:32:36 PM
#41274   Don't you remember the $200k loan that had pennyman13 09/06/18 09:29:11 PM
#41273   This case, if it goes the distance, is flight director 09/06/18 09:23:13 PM
#41272   How did GDSI payoff their current liabilities? They flight director 09/06/18 09:20:08 PM
#41271   You know and I know that BSF received pennyman13 09/06/18 09:13:56 PM
#41270   You are misreading the document. The $300K didn't flight director 09/06/18 09:06:17 PM
#41269   I don't grasp it because BSF demanded a pennyman13 09/06/18 09:02:24 PM
#41268   No. What I’m banking on is BSF. Why gulfwatch 09/06/18 08:44:50 PM
#41267   So hoping that no one in Brazil knows pennyman13 09/06/18 08:39:58 PM
#41266   The GDSI lawsuit wasn't filed until January 30, flight director 09/06/18 08:39:13 PM
#41265   Really? I know reorganization in the USA requires pennyman13 09/06/18 08:30:26 PM
#41264   Perfect reply. gulfwatch 09/06/18 08:26:04 PM
#41263   Penny let me help answer those questions. flight director 09/06/18 07:58:38 PM
#41262   The 2 biggest questions for me: pennyman13 09/06/18 07:45:42 PM
#41261   You guys are talking about a transaction announced flight director 09/06/18 04:27:40 PM
PostSubject