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BSF would never have taken the case if they had no plans on how they were going to collect. Trust the plan !!
The only people in DREAMLAND are the ones who stated a judgment will never be awarded. Next it will be " they won't collect it all ".
In my opinion it amazes me how everything went in GDSI's favor and not one " I admit I was wrong" surfaces. I see why a couple moderators left the forum.
Does this sound familiar to anyone ? An appeal is to ensure that correct judicial process was followed, not to have a re-trial, no? Judicial process is hearing the facts, applying the law and adjudicating based on the facts and the law. Very interesting case. Remember, the judge is the judge and not an advocate for either party. Did the judge apply the law correctly?
What are you talking about ? "If it gets thrown out". The appeal is for the judgment amount.
TCAINE what is happening tomorrow ? Thanks in advance !
I would suggest you read up on Recognition and Enforcement of Foreign Judgments in Brazil my friend.
I believe the attorneys in this case know a little bit about collecting on a judgment in Brazil.
2.Collection Efforts: The Company has engaged several consultants in its efforts to collect on the judgement. These consultants are experts in International and Brazilian law and have collected hundreds of millions of dollars in judgements and forfeitures for their previous clients. The asset identification process has been underway for several months. Potential assets identified exceed the judgement amount of $200M. Although the legal process is moving forward on the appellate courts schedule, the collection efforts have continued in earnest. All of the final collection paperwork required should also be complete by midsummer.
Nice try !!!
You're going to be very surprised which one us has common sense !
Where are all the posters who said the Bolzans had no money ?
News...How was this never posted ?
Global Digital Solutions, Inc Provides Update on Rontan Judgement Collections
GDSI | May 5, 2022
Judgment now stands in at Approximately $200M with Legal fees and Accrued Interest
WEST PALM BEACH, Fla., May 5, 2022 /PRNewswire/ -- Global Digital Solutions, Inc. (OTC: GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions, announces updates on the Rontan Judgment collection process.
Rontan/Bolzan Appeal: Rontan Metallurgica (RM) and the Bolzan's have filed an appellate brief on October 15, 2021. The Company, through our counsel at Boies Schiller Flexner (BSF), has filed the Company's response on approximately January 30, 2022. RM and the Bolzan's have filed their final appellate response on or about March 25, 2022. It is now up to the schedule of the appellate court to rule on the filings. The company is hopeful that a decision can be reached by mid-summer. The Company and its counsel have studied the appellate filings and remain very confident that the Federal District court that issued the judgement was correct in its findings and application of the rules of law were accurately applied. The judgement award with accrued interest now stands at approximately $200M.
Collection Efforts: The Company has engaged several consultants in its efforts to collect on the judgement. These consultants are experts in International and Brazilian law and have collected hundreds of millions of dollars in judgements and forfeitures for their previous clients. The asset identification process has been underway for several months. Potential assets identified exceed the judgement amount of $200M. Although the legal process is moving forward on the appellate courts schedule, the collection efforts have continued in earnest. All of the final collection paperwork required should also be complete by midsummer.
Uses of Judgment Proceeds: The Company fully intends to begin acquisitions in the EV marketplace, including software development, manufacturing, and EV servicing options. The intent is to purchase cash flow positive assets or EV products with short timetables to being cash flow positive. The Company feels that with this capital and access to capital markets that we can become a strong source for EV technology.
About Global Digital Solutions, Inc.
Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions, continues to enhance shareholder value in these areas. In addition to our acquisition strategy, the Company has been awarded damages of specific performance and an approximate $200,000,000 in incidental damages in its lawsuit against Grupo Rontan Metalurgica, S. A, ("Rontan") and that company's controlling shareholders, Joao Alberto Bolzan and Jose Carlos Bolzan. Rontan is one of the world's largest manufacturers of original equipment for specialty vehicles for emergency management, first responders, national security, and law enforcement operations. In August of 2019, the Company acquired HarmAlarm. HA was formed in 2002 as a private Texas company to pursue Infrared commercial applications in the aviation services area. HA has developed two systems known as Precision Approach Landing System (PALS) and Vertical Stacking Air Traffic Management (VSAT). PALS and VSAT provides a high performance state of the art enhanced Situation Awareness capability for the pilot and safety and fuel savings for air traffic management. The precision and robustness of PALS has generated a host of new applications mainly through "landing trajectory" optimization which provides additional safety margin against weather related hazardous conditions, such as wind shear, wake turbulence, icing, as well as low ceilings and fog. For more information about GDSI, visit http://www.gdsi.co
GOT IT !!
"The facts are GDSI appears to be" please explain this statement
IMHO.. 35 trades doesn't constitute a lot of sales especially when the stock is being manipulated back and forth between moneymakers..Let's keep it real. GO GDSI !!!!
An appeals bond has not been posted....hmmmm
IN MY OPINION ...
uber darthium Wednesday, 08/25/21 02:26:17 PM
Re: Alreymac post# 49013 0
Post #
49014
of 49030
CRIMINAL, IN MY OPINION
crim·i·nal
/'krim(?)n(?)l/
Learn to pronounce
noun
a person who has committed a crime.
"these men are dangerous criminals"
OHHH GRASSHOPPER !!! Stay tuned !!! I love the " yeah but " defense. It never works with common sense..
SHMP ...? Is that the stock that's up 90% in 1 year and 55% in 5 days ??
Watch and try and learn something !!
THEY ARE CRACKING THE SAFE !!! LETS GO GDSI !!!
LETS GO GDSI !!!!
OK..WE'LL SEE !!
Don't forget about the laws that that will pertain to all other assets outside of Brazil..
IMHO..If anyone is counting on "Delgado" at this point is totally out of touch with reality. A lot of players looking to get paid and working diligently to do so. Look for this stock to rise significantly soon..GO GDSI !!!
This smells like extra time to iron out details of a settlement and report the settlement in September after August deadline....
Citadel upping their buying. Buy order in for just shy of 2million shares..hmmm
I consider William Isaacson a "Premier" attorney..
A previous post I find very interesting...>>>>You are going to be surprised when court orders go out to companies like GM that GDSI now owns Rontan and all business now runs through GDSI. I believe your theory regarding Brazil will be proven to be futile and the Bolzans will appear cane in hand to ask how they can settle the matter because 88% of their entire business is with companies that are subject to the jurisdiction of the US courts.
Well well...that is the money question..Hmmm..could it be they need more time to work out settlement details ????
I liked it better when he was home petting his porqupine....
News any time soon ????
DD..WOW !! If that's true it's a game changer. How can we verify that ?
LMAO...I DON'T KNOW HOW YOU GUYS DON'T SEE WHAT'S COMING !!! GO GDSI !!!
Josh maybe you should tell the Bolzans winning doesn't mean anything.. They would probably send u a check...LOL
You obviously missed my point. It doesn't matter that E-trade doesn't allow it to be traded. The "fact" is it is still being traded !! and will continue to be traded moving forward. GDSI won the case which many said was never going to happen.
Just like XRP potential investors will find a source to purchase GDSI !!!
C'mon man...
That means absolutely nothing. XRP Crypto trading has been suspended for months and has has risen from .30 to 1.60...hmmmm
100% Agree!!! I feel like I went down a rabbit hole and lost all sense of reality. Get a grip investors and hang on for the ride up !!
I agree...too many opinions and not enough positivity. Input from many is just opinion. They have no idea what's instore for GDSI shareholders!!!