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27.5% is finalized and yeah they did it because there is an S-4 is signed and in writing. They are confident they will win and probably will but lets be real, FD has throw out some real unreasonable numbers. The proceedings will not be 30-166m. Breakup fees are generally 1-3% the buy price which is 53m. That is only 1.5m and with 27.5% or 412,500 in interest to be paid once things are won. BSF will get the garunteed 1.2m plus an additional 30% of the proceedings meaning they will make about 1.65m for arguing the S-4 in the SPSA. This will leave GDSI with 637,500 when all is said and done. I would imagine that they are adding laywer fees in thee court case which would be the additional 1.2m which would end the proceedings with 1.8375m. Hardly a dent in their 11m+ losses they have occured over the years.
Breakup fee
https://www.investopedia.com/terms/b/breakup-fee.asp
Even on-going posts hold a great deal of information
Quote:
We have not generated any profit from combined operations since our inception. We expect that our operating expenses will increase over the next twelve months to continue our development activities. Based on our average monthly expenses and current burn rate of $28,000 per month, we estimate that our cash on hand as of May 22, 2018 will not be able to support our operations through the balance of this calendar year. This amount could increase if we encounter difficulties that we cannot anticipate at this time or if we acquire other businesses. As of the date of this filing, we had cash of approximately $20,032. On February 2, 2018, we announced that we had secured $1.2 million in a non-convertible financing from a New York-based institution. Should this amount not be sufficient to support our continuing operations, we do not expect to be able to raise any additional capital through debt financing from traditional lending sources since we are not currently generating a profit from operations. Therefore, we only expect to raise money through equity financing via the sale of our common stock or equity-linked securities such as convertible debt. If we cannot raise the money that we need in order to continue to operate our business beyond the period indicated above, we will be forced to delay, scale back or eliminate some or all of our proposed operations. If any of these were to occur, there is a substantial risk that our business would fail. If we are unsuccessful in raising additional financing, we may need to curtail, discontinue or cease operations.
So with no profit we can expect the burn rate to exceed cash on hand by next month. This insinuates dilution is in the works which means everyone's calculations are way too generous. In addition, the SPSA indicates around 53 million was agreed on to BUY Rontan. That does not mean anything considering an S-4 form isn't available to the public eye. The S-4 determines the break-fee.
We have learned that the 1.2 million in financing is almost completely used up. GDSI has "8 full time employees" between 2 subsidiaries. GDSI-FL, LLC (why do they have an LLC subsidiary?) and NACVS which contains their whole plan of attack through mobile command hubs but NACVS can't even pick up their phone. There is NO intellectual property or research and development. GDSI is fully based around acquisitions despite having liquidity problems...
Quote:
Liquidity
Our cash position is critically deficient, and payments essential to our ability to operate are not being made in the ordinary course. Failure to raise capital to fund our operations and failure to generate positive cash flow to fund such operations in the future will have a material adverse effect on our financial condition. These factors raise substantial doubt about our ability to continue as a going concern.
However, a substantial settlement could turn things around but it is wiser to look at what is rather than what could be.
Important numbers; Loss- Before tax- (10,961,297) total as of 2016. This Number is up from (8,271,970) in the year end of 2014 for (-2689327). Using these numbers as a template, We can expect current Loss- Before Tax to be (16,339,951).
So knowing these numbers now we can predict the settlement. Let's be generous and say the break-off fee is 25% of the buy price. That is 13.25m. now lets say the law firm takes 30 % of the winnings, that is 3.95m leaving GDSI with 9.275m. These are generous numbers... knowing GDSI has 30k on hand, around 16m in debt, with 1.2m in financing + SEC fees still to pay. ow we know some of the debt has been paid so since this is generous I will say 75% the debt has been paid off (it hasn't). 9.275-4.3= 4.975/530,000,000=.009387. That means this stock is currently fair priced concerning the generous numbers and a favorable lawsuit.
All in All, very telling 10-k. Essentially means that all these high hopes will be washed down the river in due time. Sorry to be the breaker of bad news but I am still not a "Billieber."
We have not generated any profit from combined operations since our inception. We expect that our operating expenses will increase over the next twelve months to continue our development activities. Based on our average monthly expenses and current burn rate of $28,000 per month, we estimate that our cash on hand as of May 22, 2018 will not be able to support our operations through the balance of this calendar year. This amount could increase if we encounter difficulties that we cannot anticipate at this time or if we acquire other businesses. As of the date of this filing, we had cash of approximately $20,032. On February 2, 2018, we announced that we had secured $1.2 million in a non-convertible financing from a New York-based institution. Should this amount not be sufficient to support our continuing operations, we do not expect to be able to raise any additional capital through debt financing from traditional lending sources since we are not currently generating a profit from operations. Therefore, we only expect to raise money through equity financing via the sale of our common stock or equity-linked securities such as convertible debt. If we cannot raise the money that we need in order to continue to operate our business beyond the period indicated above, we will be forced to delay, scale back or eliminate some or all of our proposed operations. If any of these were to occur, there is a substantial risk that our business would fail. If we are unsuccessful in raising additional financing, we may need to curtail, discontinue or cease operations.
3 cents is what the math puts it at if generous numbers are achieved. But keep in mind someone has to buy it from you 3 cents too and there is no question that there isn’t anything other than a lawsuit going for this company. 0 income, 0 business, no employees, the SEC and millions to be paid out in fees.
Bill has proven time after time to be a failure in business. He lucked out with the lawsuit, he probably would have run Rontan even more into the dirt if he had purchased it.
Sure he has been able to achieve financing but he has never made a dollar of income since he took over GDSI years ago. Other people have done all the work =)
Most people are betting on the lawsuit. If that money is awarded though you have to keep in mind the amount of people that are going to cash out and run. There still is millions to be paid off, court fees, SEC fees, Bill will take a chunk, and auditor fees.
Just because you have money in the bank doesn’t mean GDSI can make a sustainable business. They have only had one contract idea and Bill said he was “hoping” to get 500k from it. Nobody ever heard about that again and it was months ago so it was probably just some more Bill BS. Besides, 500k? That’s nothing once you take away all costs
Yeah you have to question his time allocation. People here are just waiting to trade the lawsuit but whoever buys those high prices will get screwed. I’m sure Bill will come out with another year long “hopefully” here soon though. That’s about all he is good for
Surely you know that there are networks of scummy people that all work together to move money around (on high premiums of course).
First off, how much money did Bill put in? No one knows because he won’t post filings. Technically, he can put in 1 dollar and tell everyone he is putting in his own money and it wouldn’t be false.
Bill founded GDSI, sold his own company to himself at shareholders expense and disbanded it. Was there employees he felt no remorse for laying off or was it like GDSI, an employeeless shell that funnels out “acquisitions” out at outrageous prices? There is no fruition, no success
Third, I do want it to be known that I do respect your research and do enjoy that someone can have an intellectual conversation without flaming. I get hate mail all the time but ignore it. I know we are on other sides, but you sir are a legend. Keep it real
Lastly, all the work Bill has done in years. Acquire funding, lawsuits, broken down Rontan Deals. That doesn’t take much time at all. If you are going to invest money on someone, you should want to know that they will give their best efforts to making your investment grow. I could do all that in a month working an hour a day on the phone. Just call a few friends and let them do all the work =). I question how far Bill is willing to go to be successful. There is so much more he could be doing to bring in income but he chooses to wait for the lawyers to do it all.
See I just think that’s overly aggressive. Sure, some people can do work with 16.5m cash but I just haven’t seen anything that says Delgado could. If you look at his track record it is fail after fail after fail. In fact, I’m not even sure he tries to even operate in any real business. In his 3 years at GDSI he still is yet to make a single dollar or attempt to make a single dollar. NACVS went under just as fast as it was acquired. He is charge of multiple micro caps (GDSI and Naturalshrimp) and known pump and dumps (MYEC). In MYEC he join in, created a massive pump and took 20 million shares, sold them and ditched. That’s when I started following Delgado closely.
Funny thing is that GDSI boasts about providing cyber arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas. I haven’t seen any of that. Not even consulting and that only takes talking.
Why is the CFO of a shrimp company running a cyber security company? What happened to his FiberCom he created and bought himself out with through GDSI? All this dude does is secretly funnel himself cash through a public domain and that’s why the SEC is watching him closely and why he is hiding under a rock. He is guilty by association under Sully’s term and what we call in the corporate world a “BSing cockroach”. Even caught through his lies, he always seems to find his way right back
Boies probably cares more about the contract that was signed and in writing than they care about what GDSI is/ was. Still even if they can win a lawsuit, the law firm will take a huge chunk of it and a few million still isn’t much in the corporate world.
Sure, once the lawsuit is won, the stock will run for a few day. Then we all know what happens. The stock will go up and everyone holding all this time will sell. Well guess what... a whole new batch of unsuspecting people will buy yall’s high price and lose a bunch of money. There is no debating that. If you are comfortable with selling at a profit to other peoples loss than be my guest. I at least will let them know that there is no future here other than the lawsuit. There never has been.
This company is still a scam. No business efforts in years. Not a single dollar of income. Just excitement about a lawsuit. Well then what?
debating that. GDSI with no business and no income is st
Hate to break it to you but I am born and raised in Austin, TX. There’s no logical reason for production to come out of Austin. The shrimp comes from the bay. If it was legit, production would come out of Galveston/ Corpus Christi and would be distributed out of San Antonio or Houston.
Going up to austin makes no business scenes. We don’t really even eat sea food and what sea food we do eat comes fresh from Galveston (3.5 hours south)
International law is tough though. It’s not easy to convince the Brazilian government to force their own people to send millions over to the US. Especially when the company went bankrupt and didn’t even pay their own Brazilian citizens their full dues. That being said, they also realize that the US court system almost NEVER awards foreign lawsuits for money leaving the states to South America.
I think they are going for what they can win however. I think they are going for the US branch of Rontan and all of its assets. Now that branch went down a while ago so who knows what is in there but if I was to put my coin on Bill’s aspirations, that’s where it would be. NACVS plus the Rontan branch? That’s the start of a REAL business plan. Plus, GDSI has to go legit with the SEC on them otherwise Bill and gang are going to jail.
I do wonder how hard it is to audit financials when the business side of the books is simple. 0. Must have done a lot of personal spending over the past couple of years.
GDSI, the land of untimely promises
So, saying GDSI does win the lawsuit, what comes next? It’s kind of like putting the blinders on horses, they can only see what is in front of them and not the bigger picture.
Sure confidence in a lawsuit is a valid strategy but this is still a company with 0 business. A payout is short term and yeah you can trade off it, but 10 million dollars is nothing in the corporate world.
The truth is there is no plan in place for this company other than to win a lawsuit. Heck, Rontan going bankrupt is probably a blessing in disguise to GDSI. I don’t see any proof that Bill could actually run the company successfully out of the hole. I mean, does GDSI even have any employees? And if so what do they even do or get paid?
It’s just a shell, they never really planned to have any real business. Just play the market and don’t go long here
It truly is sad when a company doesn’t make a penny and is reliant on a lawsuit to appear like a company. This reminds me of every spoiled college kid out there that thinks they will just start out with 60k+ salaries because they went to college and “deserve it”. Go out a push a lawnmower for $10 bucks and hour and build up wealth like everyone else. Get creative
Penny stocks are losing volume as a whole. Marijuana is no longer the go to sector as every street corner in Colorado has a dispensary where the Starbucks used to be. The market is saturating. Plus, majority of the “Stock House Gamblers” pulled their money out to throw it into bitcoin. Big gains come out of stocks nobody knows anything about. Fancy that
Re-entry point incoming
Yup. They went under real quick
Surely audited financials can not be that difficult of a task considering they don’t do any business. If they weren’t shady and kept a ledger, they could audit their financials in a single day. Considering the SEC is demanding the audit, a little dilution to pay for the audit is reasonable so cost shouldn’t be the hold back. It’s more like a stall, since I’m sure they were laundering money somewhere down the line like most businessless shells typically do. Move that money around. Burn your trail
That’s the most unreasonable price ever. It “may” hit .05 but it won’t stay there. SEC still could very easily grey list this sucker too. There is a lot of resistance and not much support. I won’t buy here
Generally speaking, acquisitions are valued at what, 5 times the years book value? So he would have to muster up something around 20 million to buy a company that is hopefully pulling in 20-30% profits. That’s years before profit is actually seen unless big moves are made in the process. As we all know, big moves work in theory but often see numerous issues along the way. Can bill handle that? Looking at Remington, NACVS, and Rontan, my guess is no. If he does you can see it as it happens. No guessing needed
The GDSI pump and dump. Lol they can talk all they want, as far as numbers and actual value is concerned, they owe 100k to the SEC and they still don’t make a dime. Keep on talking big Bill. All this will take a very long time and there will be multiple unforeseen road-bumps along the way. History tells us Bill isn’t fit to handle them... This thing is still going down. It’s a lot of dreamers and dreamers are the real cancer in the stock market
Buy the hype sell the news. It’s the penny stock motto. No it’s not a bear attack. 3m shares traded is a step up but 3m shares traded is all retail. This thing has no support and bag holders that keep dreaming. That’s a good sign that it’s going lower. Besides who cares about the news in a penny stock. It’s all quick flips. The only thing that matters to long term investors is when the money hits the sheets and can be accounted for. Everything else is just talk and GDSI is the king of just talk. I’ll play for a %15 gain after I see a bottom. Bag holders belong at Walmart
Not even close. 650m A/S with 120M outstanding. 15m/530m = 2.8c. That’s saying “if” they got 15 million out of the Bolzan brothers. Once again, why would the Bolzan brothers even come up to the US to get sued?? They have nothing in the US for them to protect. No assets that are worth 15m. They closed down their plants in Brazil. Courts seized their assets and employees went on strike because they never got payed. Rontan is done for and the Bolzan brothers do not care about the business. The deal was valued at $166m years ago. Rontan is nothing but a huge liability with a massive debt. Good luck with that
NACSV is not operational. Rontan bankrupt. Rontan USA not operational.
Sounds like they are banking on taking over Rontan in the lawsuit. Still don’t know why they think the bolzan brothers would come up to the USA to get sued... https://elightbars.org/forums/threads/is-rontan-dead.78419/
GDSI is notorious for making too large of plans and not being able to execute. You guys ready for round 3? Remington and Rontan already failed. 1.2 million is chump change in the corporate world. 1.2m still doesn’t justify the market cap. All talk GDSI no numbers
And the fiasco continues. Rontan went bankrupt last year, the employees went on strike without pay and the courts seized their assets. This law firm thinks they can win in international law but chances are that they will not win in Brazilian courts unless they can convince the judges down there to screw over the Bolzan brothers because they screwed over their own employees. It all depends on sentiment. At the same time GDSI included an absolutely bloated SPSA value and offered up 50 million to buy with shares priced at “$1 PPS”. We all know GDSI doesn’t have that kind of money, if any money at all.
Paid promotion in play. Pump and dump underway. How will GDSI pay for this firm and suit? Dilution incoming, SEC incoming. Bill is still a con artist that hasn’t made a single dime in a over a year as CEO. Do a little research, it is easy to see the BS that comes along with GDSI. Hope you guys don’t get caught holding. You will not see 23c. You will see a quick run and a years worth of decrease in PPS
Pretty sure I have been hearing the same thing for years now. I could buy out the entire resistance if I wanted to. Too bad I am just here waiting for the SEC to step in. Have been for years and I don’t want to encourage people buy in when this is clearly a scam
Those company’s don’t have nearly the same SS as GDSI. Plus I think you are forgetting that the SEC is hawking GDSI and Bill doesn’t make a penny currently. Bill is a scam artist. He hasn’t made any money, he just pumps and dumps all over shareholders. Where are those filings Bill?
Plus, no real crypto technology would want to list in the pink sheets. I have been trading the crypto market for years now. Cryptos can list themselves on the crypto exchanges and be far more profitable. The majority of the trade comes from South Korea. Giving any real technology to Bill is suicide. Heck, giving Bill and financial credit would be suicide. Face it, Bill is a bad business man
Token fest BS coming. Get ready for the next factory line of lies ;^). Book value Bill! Book value.
That’s why Ripple is being bought up by all the banks ;). Echecks are too direct and have to be adopted by the consumer. Blockchain decentralizes that problem.
Blockchain > Echecks. As seen by the .0019 ops :^0
I don’t think this stock is going to run anymore. It’s already up 8x from recent lows on absolutely nothing. SEC will keep new shareholders at bay. Large resistance at .015 and support is fairly weak. Volume may bring short term hype followed by a big dump. I think if you were to buy at these highs you will highly regret it
Maybe Bill will partner with his other pump and dump MYEC again. They promised to shut down ACH with this outstanding disruptive technology to the banking system lol. The banks will crush any alt coin attempts and small fish GDSI knows that. There is only one crypto currency in the market that actually stands a chance and that is Ripple. Why? Because it is centralized. Good luck making a centralized token Bill. Decrentralized tokens are only good in the dark web and we know shrewd Bill can’t even update his own website. He’s not smart enough to do anonymity correct. The only thing he stands a chance at is getting somebody else funding and playing the middle man. Well who would possibly want a middle man with the SEC on him? Nobody. Besides, nobody intelligent enough to make a disruptive token would give their business off to Shrewd Bill. Bill can attend a conference all he wants, it doesn’t make him a winner...
What a bandwagonning pump and dump. Who would ever want a GDSI crytocurrency. Their website shows they have no tech skills at all lol
If you really think it’s going up that high then you better buy up all the shares. Considering there is only about 10 people here who actually think this is going anywhere, each of you would need to throw down 25m each to support that 250m dollar market cap. Hopefully the SEC doesn’t bankrupt you =).
What the rest of us think this stock is worth... 0.00001c a share and that’s because we see revenue as value and not senseless hype. Currently this company is losing far more money than 0.00001 a share is even worth though so dream on brotha. I’ll cue the Aerosmith in the background
I will attack GDSI all day and the SEC will still only care about GDSI. Still no product, not a dime in actual cash, bandwagoning and promotional pump and dump, no official office, only Facebook updates, Class actions off the wazoo including lots of SEC, Continuous lying by anticipation, continuous fraud, no financials or filings with the SEC demanding one from 3 years ago, no employees, NACSV terminated, Rontan bankrupt, Remminton falsely acquired, no known creditors, no know funding outside of share selling, CEO with a background of fraud (was in the board of directors during Sully and knew exactly what was happening), state of issuance keeps changing, and Bill still has yet to follow his word.
I can keep going too. Maybe Bill should go back to shrimp CO, at least there he had a product... shrimp
They aren’t even filing. They are not upgrading
They do not make a penny. Literally no business right now. It's a pump and dump
Another red flag. Nevada has the the least amount of restrictions for penny stocks. In other words, it's where the pump and dumps go. They probably went there to jump through some legal loopholes against the SEC. maybe that's why the SEC is demanding to see the 10k
You can't convince them. FYI, it's the 10k from 2015 that the SEC is so interested in. That's not actually a good sign considering they haven't been keeping the books this whole time. The SEC has something specific they are looking for and GDSI has to comply in a within 9 more days. I don't mess with the SEC and you would be a fool to play any stock threatened by them. I am out
Let's not jump ahead of ourselves now. Blockchain is the rumor started here. Word can get out but that still doesn't make it true. Bill is still on the hot seat with the SEC. Small caps with alternating business models are one of the red flags that the SEC looks for. Investors should be very worried about the SEC. They are 100% watching Bill and GDSI right now and all your money can be gone in a snap if the SEC decides to grey list GDSI.
GDSI can not promote this stock. GDSI must also provide observable number and filings if they wish to please the SEC. GDSI must also receive adequate funding from a centralized source. Compliance is necessary, don't forget that
Well it was a pump and dump so it's not really a coincidence. As far as Bill leaving, the board over there says otherwise. They say he was let go. He was brought in and pumped the stock way up with promotions. They paid him 20 million shares and he dumped them all.
Also what management team? As far as we know, Bill is working out of his garage. There is a board of directors but nobody has heard anything about the board of directors since the SEC stepped in. It honestly just seems like a penny stock collusion.
We also don't know that Bill hasn't paid himself because he won't post and filings. He can say anything he wants but most people are smart enough to take Bill's word with a grain of salt.
Transactional business is one of the most competitive markets out there. 99% of creditors will not loan money to transactional business schemes because they know the struggle. The only worse thing would be investing in retail. It's brutal and take a ton of loop holes to jump through.
I wish you all the best here but don't get greedy just because you see green in your account. Sell while you are up, this company is red flag ship and the pool of willing investors is low. Good luck and Merry Christmas
Ummm no. The lawyers did their job, Bill still hasn't done a single thing. Bill still pays himself a 100k salary when he hasn't made a dime since stepping in.
I know, I know... transactional business being announced blah blah blah. You can't forget the last transactional business Bill was apart of. MyECheck lol. What a pump and dump that was and Bill lead the rally. Bill still is and will be a scam artist until he can produce real numbers on a quarterly.
Besides, what even is this business supposed to be? A capitol partner with Rontan? An arms superstar with Remington? A cryptocurrency bandwagoner with no blockchain backer? Oh that's right, it's still a scam