I've been watching this. Let's get this out of the way. The Richard Sullivan saga was a disaster for this company.
Now, there is really something going on that probably doesn't make sense which tells me that something big is brewing behind the scenes.
First, GDSI files a lawsuit and they are represented by one of the world's most prestigious law firms. I know how this works. You don't walk into David Boies law firm and hire them with a $15,000 retainer. In fact, I would bet the retainer is at least 10 times that. GDSI got the money from somewhere.
Now the company gets $200,000. Yes, it's not $5,000,000 but $200,000 for a company that has SEC problems. How the heck does that happen?
Something is going on that is about to be hatched. If the hatching is what I expect, the news could be interesting and the sentiment is about to change here.
My money is on David Boies, a legal rock star who is the Mick Jagger of the legal landscape. When Boies talks, judges listen!!
I'm not in the stock prediction or stock price prediction business but there is a story that is coming around the corner.
Ask yourself one question. How does little old GDSI hire David Boies law firm and get $200,000 with these SEC issues.
I would bet my life on the fact that Boies has done his homework and his IQ is more than mine. Boies knows something and he doesn't play to lose.
I welcome comments.