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GDSI already has a extensive business plan that would expand and grow the Rontan business on a national scale in ways unimaginable and unachievable to the current management team and Bolzan brothers. Time to release the Kracken and get on board. IMO
Always a good read. Doc 220
Comparison of Total Incidental Damages to Purchase Price under the SPA Crow Decl. Cross Presented in R$ 000s Total Ref. Total Incidental Damages R$ 757,437 â? 21 in $ USD $192,448 â? 21 Less Purchase Price (SPA §2.1) Cash Amount -R$ 100,000 Stock Amount -R$ 100,000 Earn Out Year 2 post-Closing (TBD) Earn Out Year 3 post-closing (TBD) Earn Out Year 4 post-closing (TBD) Amount by Which Total Incidental R$ 557,437 Damages Exceeds Purchase Price
Case 9:18-cv-80106-DMM Document 27 Entered on FLSD Docket 01/04/2019 Page 7 of 28
INTRODUCTION
This action arises from the breach of an agreement (“SPA”) for the sale to plaintiff Global Digital Solutions, Inc. of the stock in defendant Grupo Rontan Electro Metalurgica, S.A. (“Rontan”). The defendants’ motion to dismiss fails for the following reasons:
First, the defendants are subject to Florida’s long-arm jurisdiction statute because the SPA specifically required that the shares of Rontan stock be transferred to GDSI at the closing of the transaction in Boca Raton, Florida. Accordingly, when the defendants refused to close the transaction and transfer the shares to GDSI, they breached the SPA by failing to perform an act required by the SPA to be performed in Florida, subjecting them to long-arm jurisdiction under Fla. Stat
Maybe a good time to pick up some GDSI shares ....
New DE filed. 229,230 Extension of time requested and granted by/for GDSI to respond to 222, extended to 7/2/20 from 6/19/20
What do we expect will happen on 7/2?
Is there an explanation why the price and volume fluctuated so much today? Was it merely the request for new representation from Rontan?
Bought at .0125 100k. The order had been in for months.
Just picked up an additional 100,000 shares on my GTC order. Didn’t think it would get back to that level.
Agree, my coffer is full of GDSI shares which won’t be unlocked until we are on the Big Board.
I bought this stock last week because a friend mentioned the company. I read their last quarterly report and was very impressed with the company’s management team and leadership. With everything going on with the pandemic this may be a good play for the near term and possibly longer term. Definitely a Buy and Hold stock.
3/6month chart looks promising. Shares will look cheap now compared to the next 6month chart. Scooping more up today.
It’s very quite on the home front, when the verdict is in ... this board will be humming new beginnings and roaring stock values. Patience will be rewarded. SpaceX has been delayed but will be ready for lift off when the weather clears. GDSI rocket
Premarket .... GO
It appears you are too well informed to be asking me any questions. I’ll continue reading your posts intently.
It’s going to happen Frank. All the volume and price increase last week wasn’t by chance. These guys are not quitters and there is interest globally for capital investors. A calculated plan is in place. Buy more at this price while it’s cheap.
http://www.rontan.com.br/
Quite impressive under the right ownership.
You might suggest they use this guy ... William A. Isaacson. I’m sure he will have some case studies.
Thank you for your well thought out intelligent comments on NS. It’s obvious you have a long knowledge of the scope and intent of the business and with the management team. Please keep up your multiple posts daily as I read very word to make my dollar bill trades.
Many entrepreneurs point to mistakes as being their best teacher. When you learn from your mistakes, you move closer to success. We never know the outcome of our efforts unless we actually do it.
I doubt your claims about BD. If you assume he has 20m shares (probably much more) and the stock price upticks $.20 after the news “all hands on deck”.
My guess is the court systems will not be operating. Unless they are ruling on cases remotely.
News that the La Coste plant has burned down.
Maybe so, .006*500k=$3000. I’ve wait this long, a few more months wouldn’t surprise me but will be well $worth it.
Just bought at .01. Not a big trade but was wondering how low I could buy. Panic selling happening.
Interesting all my calls are zero as well. No explanation
Based on history .....
Here are a few of Bill Isaacson’s accomplishments:
In addition to Bill's other work, in the field of antitrust, ten federal antitrust class actions have gone to trial and to judgment in this century and he has tried five of those cases, winning verdicts in each case, whether plaintiff or defense. His commercial litigation includes:
Summary judgment awarded on the eve of trial for defendant in a billion dollar case in the music industry
Jury verdict followed by $124 million judgment in action for software copyright infringement and state law violations
A defense verdict from the jury in a billion dollar class action defending against accusations of monopolization in the digital music industry
As trial counsel in O’Bannon vs. NCAA won a historic judgment for college athletes finding the NCAA in violation of the antitrust laws and ordering injunctive relief for NCAA athletes permitting the sharing of name, image and likeness monies
Antitrust litigations with settlements exceeding $300 million for BSF clients
Co-lead counsel for the direct purchaser class in In re: Municipal Derivatives Antitrust Litigation ($220 million in settlements) and In re: Polyurethane Foam Antitrust Litigation ($430 million in settlements)
In Shandling v. Grey, represented comedian Garry Shandling against Shandling’s former manager for breach of fiduciary duty. His argument on summary judgment reversed a tentative decision for defendant. Variety wrote about the summary judgment proceedings under the headline "Shandling Claims Get New Life in a Stunning Reversal.”
Lead counsel in proceedings in the Southern District of Texas and the Fifth Circuit Court of Appeals to enforce an international arbitration award under the New York Convention, resulting in a $261 million judgment that was affirmed on appeal
Represents the Ultimate Fighting Championship in defense of a potential antitrust class action being pursued by a group of mixed martial artists
He acted as lead trial counsel for plaintiffs in Animal Science Products v. Mitsui & Co. in federal court in Washington, DC. This was an international cartel case that resulted in a jury verdict in June 2003 for the class of $49.5 million (before trebling) in favor of the direct purchaser plaintiffs in this price-fixing conspiracy and market-allocation case. The plaintiffs, direct purchasers of choline chloride (Vitamin B4), alleged that manufacturers and sellers of B4 participated in a 10 year conspiracy to set prices and allocate the market for B4, a supplement commonly used in animal feed. The defendants found liable in this action are manufacturer DuCoa LP; its general partner, DCV Inc.; a Japanese trading firm Mitsui & Co, Ltd.; and its subsidiary, Mitsui & Co. (USA), Inc.
Arbitration trial followed by over $60 million in contract concessions for an internet company
In In re Scrap Metal Antitrust Litigation won a jury verdict in 2006, trebled to $34.5 million. He served as lead counsel in the case, which involved antitrust violations in the scrap metal industry.
Just more information about our Bolzan brothers. Not sure what this pertains to?
Recent news ....
Process Progress n. 0011507-09.2016.5.03.0027 - ATSum - 03/02/2020 of TRT-3
Regional Labor Court of the 3rd RegionPublished by the Regional Labor Court of the 3rd Region
day before yesterday
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Get access to all the process information and receive updates by email
FOLLOW PROCESS
Report page
2nd Betim Labor Court
Case No. ATSum- 0011507-09.2016.5.03.0027
AUTHOR GRACIELE BORGES RIBEIRO
LAWYER JOSUÉ TIMÓTEO ALVES (OAB: 129587 / MG)
RÉU ANTONIO CARLOS DE ANGELO
LAWYER MARCOS BIASIOLI (OAB: 94180 / SP)
RÉU JOSE CARLOS BOLZAN
LAWYER FABRICIO LOSACCO AMATUCCI (OAB: 249997 / SP)
RÉU RONTAN ELETRO METALURGICA LTDA
LAWYER FRANCISCO VIEIRA CORDEIRO FILHO (OAB: 24175 / SP)
LAWYER CECILIA HELENA CARVALHO FRANCHINI (OAB: 87780 / SP)
LAWYER MARCELO ALVES GOMES (OAB: 197445 / SP)
RÉU JOAO ALBERTO BOLZAN
DEPOSITARY João Paulo de Medeiros
Subpoena (s) / Cited (s):
- ANTONIO CARLOS DE ANGELO
- JOSE CARLOS BOLZAN
- RONTAN ELETRO METALURGICA LTDA
JUDICIAL POWER LABOR JUSTICE
Rationale
DISPATCH
Visas, etc.
I convince the amounts blocked via SABB ID b26b92b to be notified to the executed Antonio Carlos de Angelo , for wanting to oppose embargoes, legal term, when he must complete the execution.
Intimate yourself.
signature
BETIM, January 31, 2020.
KARLA SANTUCHI
Judge of Labor Court
Anyone understand what is happening here?
Official DiariesJournal of Justice of the State of São Paulo04 Feb 2020Court - 1st Instance - CapitalPage 370Process Progress ...
Process Progress n. 1070995-56.2016.8.26.0100 - Execution of Extrajudicial Securities - Types of Credit Securities - 02/04/2020 of the TJSP
Journal of Justice of the State of São PauloPublished by Diário de Justiça do Estado de São Paulo
17 hours ago
João Mendes Júnior Forum
20th Civil Court
LAW JUDGMENT OF THE 20TH CIVIL COURT
JUDGE OF LAW RAQUEL MACHADO CARLEIAL DE ANDRADE
JUDICIAL OFFICE DANIELA CRISTINA PIMENTEL MEIRELES
LAWYERS 'NOTIFICATION NOTICE
RELATION Nº 0037/2020
Process 1070995-56.2016.8.26.0100 - Execution of Extrajudicial Securities - Types of Credit Securities - Banco Votorantim SA - - BANCO DO BRASIL S / A - - HSBC BanK Brasil S / A - Banco Múltiplo - FBA Fundição Brasileira de Alumínio Ltda - in judicial rehabilitation - - Rontan Eletro Metalúrgica Ltda - - João Alberto Bolzan - - José Carlos Bolzan - - Antonio Carlos de Angelo - - Jnk Empreendimentos Administração e Participações Ltda. - - Telurica Negócios Rurais e Agro- pastoris Ltda. , in the person of partner Ana Carolina Bolzan -CONDOMÍNIO BUILDING PIAZZA NAVONNA - Science of the return of the precatory letter. - ADV: CECILIA HELEN OAK FRANCHINI (OAB 87 780 / SP), GUSTAVO Bismarchi Motta (OAB 275477 / SP) Kedma Fernanda Moraes WATANABE (OAB 256534 / SP), LUIS AMÉRICO ORTENSE DA SILVA (OAB 244,828 / SP), MARCO ANDRE RAMOS TINOCO (OAB 147049 / SP), RICARDO CHOLBI TEPEDINO (OAB 143227 / SP)
Judge Middlebrooks is fed up with the non-sense Rontan show. Time to get the verdict and settlement in the books. GDSI will own Rontan soon. Get your shares at a deep discount now.
GDSI collects through ownership of Rontan. Maybe not 100% but majority control. Not sure what the valuation is but that can be determined. After Bill folds the company into GDSI and puts it back on the market it will be worth 10X.
Here is the Rontan website ..... see at the bottom showing as current 2020.
http://www.rontan.com.br/
I believe you are correct assuming the company could be part of the settlement. If so, BD will devote his efforts to maximize its potential. GDSI will be a $5.00 stock in a short few years. MHO
http://www.rontan.com.br/
First time looking at the Rontan website. Bigger and more impressive than I imagined.
Looks like additional due diligence and negotiations were needed.
We’ll see .... in my opinion, we will have news but this will not end soon. GDSI will have ownership in Rontan as part of the settlement agreement but I don’t expect GDSI will receive much $$. No trial.
As I follow the dialogue and the legal opinions on this site, I have learned much as a “long term” GDSI investor and my limited legal experience. I am very curious about the final decision(s) of the negotiations but I am doubtful it goes to trial. I am prepared for the unexpected but anticipate it will be positive for GDSI. At this price point I am in the green and will not be selling any shares. News should be soon.
Nope, that was me picking up A LOT of cheap shares. Thank you.
Agreed. I’ve been adding all week long at this level. If positive news hits, then the headlines will bring in new investors. Delgado has his press release ready.
When cash is not abundantly flowing for the settlement, Rontan will give up ownership which is what GDSI wanted all along.
Cash + Ownership in Rontan will be the mediation focus, pushing GDSI to $.22 by end of November. Next will be acquisitions stock hitting $1.75 EOY 2020.
Agree with your thoughts. After the settlement and the dust settles, acquisitions will fall in place as will the SP. This will be BD’s trophy one day.