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When PALS is approved by the FAA I am going to be the first to install it on my 787-900 and citation x….no GoPro pockets on my wings or camera on my empennage….
Well grasshopper if you believe that the bros have all their assets hidden away in Brazil that no one can attach then you probably believe that someone with out a law degree has the secret to rontan winning the appeal ….facts matter not “opinions based on facts” ….geez Louise, smh, lmfao
Nada….the process is gonna play out, no expectation for judge to rule until first quarter of 2022…. However collections is going to ramp up still in early stages of identifying assets outside of Brazil, consultants hired to enter discussions with the ev market and to refit plant…,,pals is looking good 2nd patent to be filed soon and testing ongoing….all good positive news regardless of various opinions and speculation….be wary of “opinion based on fact”
I doubt if that is the reason, the bros have a huge empire from real estate holdings/developments to cattle farms and everything in between…..I m guessing the offer was to good to pass up…..they not hurting, as I said before they are not living in a favela on bread and water wearing shoes made out of tires….
Hopefully by September…..
As I stated a lot of action behind the scenes…..this tidbit is not opinion or speculation it is fact with proceeds to be paid over 10 instalments…..the assets the bros hold in Brazil is minor compared to what is held elsewhere….keep tuned more to come….
lets just say the bros recently sold their mine in mexico for $400 million usd.....you can continue with opinions and speculation and doors A,B,C chief but as i always maintain facts matter not "opinions based on fact" which i have pointed out to you many times chief can not exist....geez louise, smh, lmfao....
I think the wise man has to find a new saying.....
not so sure he is right....things are happening behind the scene, that neither you nor he know about....
Couldn’t be further from the truth…..
i think "investors" and "traders" as you so call it have the same common goal so how do you differentiate the two.....is a short term investor not a trader and is a trader not investing in the stock.....i guess coco cola, ibm, apple, microsoft, bitcoin, tesla, shoopify, jp morgan, bank of america, british airways, etc basically just about every stock on any exchange never hit a high and then fell.....i guess they were all P&D....GDSI is on a crappy otc market what do you expect out of the stock or where it starting price point should be.....once all the dust settles and this stock is still at .03 then i will be the first to say you are a genius....opinions and speculation are just that and doesn't influence my decision making.....geez louise, smh, lmfao
oh oh here it comes, i think you know what the wise man said.....
will do eddie...cheers
I’ll pass along your thoughts to bill, I am sure he will appreciate your valuable insight….
Shmp went from .03 to holding steady in the mid .40 within a short period, so I’d say it doing pretty good wouldn’t you…..my personal strategy is to buy low and sell high, i don’t know what yours is but mine seems to work ok for me, perhaps you should give it a go….I’d take bills bullshit with a microgram of truth over bullshit with no microgram of truth …..
I do , thats why I say I get my info right from the horse’s mouth…..those who have negative opinions of bill have either a personal vendetta or ulterior motives….. not that difficult to figure out who and why……
Pm me late next week….
99.9% of your posts as well as others have been pure speculation. …I have told you many times to phone bill directly to get Gdsi ‘s perspective on how things are progressing and what their plan of attack is…..pls note I stated gdsi’s perspective as it will be one sided but it gives you some insight …… you have never done so but rather give (your exact words not mine) “opinion based on facts” which as I have pointed out to you many times cannot exist….I would rather base my decisions on knowledge rather then opinions/speculation…..geez Louise, smh, lmfao
I think you know by now what the wise man said…..
Will have update next week….I find getting info from the horses mouth more reliable then wild speculation and opinions from armchair wannabe lawyers…..
Supreme Court wtf!!!! ….Now that is just plain idiotic…I do agree settlement won’t be judgement amount, that why they call it a settlement….geez Louise,smh, lmfao…..
What did the wise man say “if you defy logic, you conform to stupidity”
Planning on messaging bill this week to set up a call….will update when I get details….
Got my attention too as it is sinking like the titanic….
Shmp going from .03 to .48 and staying strong is hardly falling apart….
being polite, i would say those are all interesting scenarios.....i agree gdsi is no fonar, however rontan is no GE.....so one has to compare apples to apples not apples to oranges.....we can only hope that rontan hires Alan Dershowitz as he is a constitutional and criminal lawyer not tortes and corporate law which is a whole different kettle of fish.....Dershowitz wouldnt have time to do this case anyways as he is busy preparing his own defence against his mounting legal issues from his days with his buddy epstein......
I think the bros are taking everything seriously now, realization has set in…..
Absolutely correct once that biz is done then Gdsi will be in the biz of making money…..
my favourite was "get them off with the death penalty" Osario, he was outplayed, outsmarted, outclassed by BSF.....made to look like a fool.....think he is back defending parking tickets in traffic court....it is funny looking back at the comments how some thought he was an international legal genius, NOT!!!!!....they went from him to another firm that didnt even commence doing any work before they bailed to a real estate lawyer who i doubt has ever stepped foot in court.....what joke.....
You never underestimate the stupidity of the bros or the legal advice they are given…..their legal teams have been less then stellar to date to say the least , and I am being very kind…..
showing up is a good sign and smart move on their part.....
I m sure billy understands taxes better then the Bros and others.....can’t do any worse.....lmfao, smh, geez Louise.....
A wise man once said “ if you defy logic you conform to stupidity”
click, that is the sound of the lightbulb going on.....
uber you obviously have never been a business owner as you are still having a tough time understanding how taxes work......there is a difference between taxes paid and taxes collected and remitted to the government, or as in rontan's case taxes collected but never remitted.....the ad valorem taxes you talk about (google is a wonderful tool makes one seem so knowledgeable) is a tax paid on assessed value such as property tax to the municipality.....do you know what happens when you do not pay your ad valorem taxes such as property taxes, your property is seized and sold to satisfy the outstanding property tax bill.....we know rontan still has possession of their plant so their ad valorem taxes must have been paid.....when a coffee maker is purchased there are certain state and federal taxes added to the purchase price that must be paid at time of purchase or one doesnt get to take the coffee maker home....have you ever walked into a a car dealership and said to the salesman i will buy that blue car but do not charge me the taxes as i will remit them on my own, that is what you are stating......rontan acts as an agent for the government and has collected various taxes that were to be remitted to the government but they never did, that is how their outstanding tax bill accumulated....the largest component of any of the taxes paid by a corporation is income taxes, not employee taxes or sales taxes as rontan has been very profitable they owed these income taxes but never paid them....so if one collected all these taxes but never remitted the cash then where did the money go?????
lmfao, smh, geez louise.....
a wise man once said "if you defy logic you conform to stupidity"
EQ you of all ppl should know the implied revelation as it is you who have touted in many of your posts the importance of the Bros signing personally, therefore being joint and several liable along with the Company Rontan.....hmmmmm lets put 2 and 2 together and see if you can come up with the same answer that BSF, Parabellum, and billy boy came up with.....where the money went is an extremely important piece of the puzzle for all parties involved.....do you follow the logic now?????
Uber, it is evident that Rontan is a very profitable company, simply by the fact that there is a huge corporate income tax liability outstanding.....once again i will refresh your memory on how income taxes work, if your revenue exceeds you expenses it is called net income and yo to u have to pay a percentage of such income to the government for your income tax obligation.....the good news is after paying said taxes the company gets to keep the residual to fund operations, pay down debt, purchase capital equipment etc.....so by your logic if the unpaid taxes were used to fund operations then where did the money go that was generated by the same operations?????....no matter how you cut the mustard, slice it up, walk like a duck and talk like a duck it still is a huge chunk of $$$$$ gone missing....where did the money go where oh where did it go.....lmfao, smh, geez louise.....
a wise man once said "if you defy logic you conform to stupidity"
what is missing from this conversation is the undeniable fact that taxes are owed but how did the taxes arise. Corporate income tax, sales tax and payroll taxes are the 3 major tax liabilities of any corporation.
Corporate income taxes are to be paid based on profits, not losses.
Sales taxes (state and federal) are taxes collected on behalf of the government and are to be remitted. These taxes are collected upon sale of product.
Payroll taxes are deducted from employee wages and are to be remitted to the government. It is cash withheld and usually remitted the following month.
The question that should be asked is if all these funds where collected but not remitted then where oh where did the money go?????Do you think it is coincidental the Bros have not been participating in the legal process? I can assure you BSF, Parabellum and Billy boy have figured out that the Bros don't want their dirty laundry aired out in public.
i provide an earlier post to refresh your memory on how taxes work in case you have forgotten. BTW this was a reply to you post #47917
one obviously has never owned a business and perhaps doesnt understand how taxes work, and i am not faulting anyone for that. it does appear one knows how to google "taxes" and find out there are a variety of different types of taxes to a corporation, some which have been stated are applicable and some not. I will try to limit this in very simplistic terms so one gets the general concept of taxes and how they arise. We will use some of the taxes as stated for illustration purposes. In gdsi case they have many employees which get paid a wage and deducted from that wage are payroll taxes. These are collected by gdsi and supposed to be remitted to the government. if you get paid $10 and the payroll taxes are $3 the employee gets $7 cash the government get $3 cash and gdsi gets to deduct $10 as an expense against revenue. if your revenue is more then $10 you have net income on which you must pay income taxes or if it is less the $10 you have a loss and no taxes are due. so lets assume gdsi sells an item for $15 and the corp tax rate is 30%. therefore gdsi has net income of $5 {15-10=5} and has to remit $1.50 {$5 x 30%} in taxes and leaving them with $3.50 in the bank. Also remember if they sell something they have to charge and collect sales tax from the customer and remit that to the government as well but this doesnt affect the bottom line. GDSI is just acting as an agent for the government. we can go on and on but i think one gets the idea.
What is important to note that all these taxes arise from the ability to be PROFITABLE ie meaning generating $$$$. One does not create a huge tax liability from losing money. Now that one understands how taxes work, one should realize that the money has been collected but magically disappeared, it never got remitted to the government. So again i ask where did the money go, anyone anyone???? Someone like to take a guess???? Last hint, the bros are not wearing sandals made out of tires, living in a favela, having bread and water for dinner.....
Coreton, i have the only real defence for rontan that will win the appeal, i wont share on this board but i am confident that rontan's legal counsel will get ahold of me directly.....i am sure they have someone from Gottlieb's office reading every post on this board on the hopes that someone will post the winning defence to beat that no name law firm BSF in the appeal.....cant wait to get my cheque in the mail...everything i post is opinion based on fact....gtg have to perform brain surgery.....lmfao, smh, geez louise.....
yes i am long on the stock, i have to be as i am more then just a shareholder....that is why i get my information directly from Bill...."opinions based on facts" are total bullshit and should be disregarded focus on the facts.....99% of the board is pure entertainment with very little actual insight provided.....
i have a general question for the board, is it possible to win court and appeal cases if you do not possess a law degree, never practised law, and have no legal qualification....can you represent others in an appeal court....will an appellate court judge allow such a person to plead a case or will he toss him out.....just asking for a friend....geez louise, smh, lmfao.....
no one knows the answer to that question....the only thing we know is that gdsi has legal representation in Brazil and an asset recovery firm working on collections....an appeal is pending but not filed....i would disregard anything that is "opinion based on fact" as it is total BS and focus only on FACTS.....FACTS matter, "opinions based on facts" does not exist and Google knowledge can be a dangerous thing.....
Easy sparky, once again you missed the point, you questioned the FACT that gdsi had legal counsel in brazil when i stated they did....you were adamant the only legal rep was Paulo Tedesco which i again clarified was not the legal team i was referring to....again i stated to phone bill directly to get your FACTS as i do therefore knew there was a legal team in brazil.....FACTS matter not opinions and "opinions based on facts" do not exist.....in short gdsi has had a legal team in Brazil for sometime proceeding with collections and no it is not Paulo Tedesco.....to also clarify GDSI hires the legal firm in Brazil not parabellum and BSF as you state if they where to do so the legal firm would be representing them jointly and not gdsi and therefore parabellum and BSF would be liable for the fees.... geez louise, smh and lmfao......
BTW, here is another tidbit of info directly from the horses mouth, it is their OPINION that the appeals court may not even hear the case to resolve default judgement on non participation. Bear in mind an appeal has not been filed it is only pending, it may never happen......
Dog, it is public information, their counsel they hired was for the purpose of researching the tax liabilities. In fact, one of their attorneys testified at the evidence hearing. His name is Paulo Tedesco. His examination began on page 98 of the transcript. Mr. Tedesco has the equivalent of a masters degree in tax and he specializes in tax. He is is not a litigator. So unless you talk to Bill and know the name of the attorney they hired, it is not of public record. BTW, Mattos Filho is a phenomenal law firm. Mr. Tedesco is the only lawyer who testified at the evidence hearing. So maybe I'm ahead of Bill. BTW, it is Parabellum and BSF that are hiring the law firms in Brazil. Not Bill
like i said in post #48297, Bill has retained Brazilian counsel a long time ago.....once again i suggest calling bill directly to get your facts...."opinion based on facts" does not exist....geez louise, smh, lmfao......
Jones got charged with embezzling funds his partner went to jail. Jones has to payback $70k and not be a director of any company but avoided jail time.
News will be coming out soon....stay tuned.....
very quiet on the board...