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There are lots of institutional investors comparing this to BYND (Beyond Meat). Check the valuations. BTW, haven't made a dime yet.
It is real simple to understand. If the enterprise Value is $134M then the EV will increase by the $192M for a new asset total of $326M. Hope that helps.
Too bad that he is a securities consultant that can't read. There are no toxic notes, Haven't been any derivative securities for almost two years. This kind of flippant response by a so called "consultant" is exactly what Knopick was referring to.
The next appealable decision will be the entry of judgement. They will be required to post a bond of 1.5X. Due to the size of the judgement ($200M-$300M USD), this will NEVER happen. On to the collections.
The Company had $493,000 in cash at the end of last year. I guess we know what they have been spending it on: $292M judgement and AI Aviation technology.
Your reply is misleading. The GDSI attorneys are getting paid. They have just made a business arrangement that will be lucrative to all parties. Different that being stiffed (twice, soon to be three times).
Looks like ole Isaacson is still on the job.
You are incorrect.
The individuals are the attorneys of record, not the firm they represent.
Its going to be $292M but you have to deduct the $100M purchase price.
You have no idea....
Just $192,000,000. No need to get so excited.
They defaulted back to Delgado. Wow
A note for $20K that is owned by Delgado and one of his companies. You are kidding right......
Provide the link. GDSI has never defaulted on anything since Delgado took over.
Why don't you provide the link for the GDSI default?
The data is proprietary. That is why it is distributed on a need to know with an NDA. Standard practice with technology companies.
Let us all know when you see the withdrawal paperwork from Isaacson.
Sorry to burst your bubble. Isaacson is leaving but is staying with the case. Glad to see that you now recognize his value.
The response is why would you release any data to anyone not under a non-disclosure statement (NDA). There are several groups who DO have the confidential data.
The NS shareholders are about to rewarded.
Don't kick yourself too hard. Going much higher from here. IMO
It may. I don't think the finished product is going to be until the end of the year. Hopefully things will have recovered by then. It is a safety item, which does have priority.
Better chance of the CEO talking to the man on the moon.
I guess you think it was free to go get a $292M judgement. SMDH
Alex, you are so very correct. Most of these folks here have some kind of ax to grind with the management for who knows what reason.
They haven't sold anything since being public in 2015
You are incorrect on the selling of Shrimp by the company. The company sold thousands of pounds of shrimp prior to 2012. They even had a retail shop in a Dallas suburb. They have not sold any utilizing the EC method, but have distributed several thousand pounds to other organizations.
That same infected shrimp P/L knocked Planet Shrimp out of business.
A little off your $40K number. More like $2,950,572.
Best to focus on what's at hand. $292M judgement coming and estimated at $1.08-$1.30/Share.
Do you understand how the Federal Aviation Administration works. You complete ground testing (completed) then you complete flight testing (Underway). Then the documentation is assembled and submitted for approval by the FAA. The first generation of PALS is in service and is approximately a million dollar option on Gulfstream and FedEx jets. Those are the facts.
$292M judgement forthcoming. Millions of dollars revenue stream from PALS. Stable share structure since 2016. $500K in cash on balance sheet. Can't really say too much else.
I'll use your term "re-read the 10K". The term is Contract labor. They have several contractors working on the PALS system. DD.
I and a lot of shareholders have put their faith in this CEO. Cleaned up five lawsuits and cleared over four million in liabilities. Acquired an aviation technology firm that has the potential for $100M plus in sales. Add the judgement of $292M. Not bad for a days work.
All of the bigger broker/dealers will be involved after judgement is rendered. Should hear next few days. Creating jobs and shareholder value.
Passover just finished up last Friday. That and this Covid situation are slowing everything down. What you are about to see is a re-birth of a great company.
Another day closer to the $292M judgement. Judgement is immediately recognizable. Any information to the contrary is incorrect.
Just the beginning....
$292M after liabilities paid (including legal) is at least $250M. Not too bad. let's do the math: $250M/640M shares outstanding equals $.39/share. doesn't even count the multiple on the cash, which will probably be 6X.