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Easy to talk about spilt milk.
GDSI is in great shape. Regardless of the size of the settlement $25m - $1b. Awarding actual damages could lead to GDSI having control of Rontan. Instant EPS. Instant valuation. Instant tangible assets. Instant liquidity and instant access to a production facility and workforce to manufacture PALS.
$GDSI Delgado Excellence. Pps going UP!
Except they do have the money. Their just deadbeats and don’t pay their bills or their employees.
Their AD is as good as used toilet paper just like their MSJs.
They don’t pay their bills so we won’t know how big a clump of toilet bowl clogger it really is.
conflating a comment I make with something someone else has said?? LOL.
It’s called a contract (SPA). you can read the one thats been posted for the past year.
It’s a “terribly worded document”, I’m told, seems it’s good enough for the court to find it compelling and it spells out enough of the details that even the judge has said that Rontan breached the contract.
Estimates of the “actual Damages” range from $35m to $100m plus court costs and attorney fees.
Actual damages would be based on the proceeds Rontan had realized from the date of the breach to present.
Basically every dime that the Bolzan’s skimmed out of the company would be recoverable
So you are looking at 5 to 6 years of income from sales and licensing from Rontan’s business dealings. (Actual Damages) also any assets land equipment etc.
So pick a number between $35m and $100m or between .10 and .35 for a pps and that’s where it’s headed depending on the settlement amount.
Once this settles out. Then you get the buyout from Gulfstream for the updated PALS system which could be anything between .35 and $1.25 a share depending on who’s rumor ya want to latch onto. Or perhaps just the contracts from GS, UPS, DHL, FedEx, Boeing or anyone else that wants to improve the safety of their aircraft. GS and Fedex already use the earlier versions.
Apple, Microsoft and Facebook had no offices, 1 or 2 employees and only existed on paper or someone’s mind when they exploded onto the market. So a physical address and 100s of employees is less than necessary to be a viable business enterprise.
Who said they were Billionaires?
Their an ongoing business with 2,500 employees world wide 800 in Brazil alone. The Brothers have millions in Net worth according to Brazilian reports. Pretty sure there is an avenue for collection. Not to mention the millions in tangible assets.
Awards can be paid out over time and may be the avenue that works best for both sides. Another reason for a settlement at this point.
I don’t think anyone wishes to see Rontan put out of business over this. I am equally convinced that there are a lot of people that would like to see the Bolzan’s removed from control of the company.
If there are channel flippers in this offering their very few as this is not supported by trading data.
I would never complain about an investor making money off an investment. Kinda seems to be the goal of investing.
It’s good to see that some have resigned to the fact that GDSI is going to prevail in this action and be awarded “actual damages” or settlement.
This week should tell us a lot.
In the event that Rontan neither submits the required discovery nor acquires new council. There are several events that may happen.
First we will not know unless someone is at the courthouse to check if the information was submitted by 5pm local time.
Then
GDSI could immediately file a motion for Default Judgement.
And/or
Rontan will file a motion for extension of time to either submit the documents/data and/or in the case of new council to have time to prepare the documents/Data.
We will not know the status of the discovery documents/Data until their has been a motion submitted in response to the deadline.
Keep in mind that judges “Order” that there will be no modifications to “deadlines” is for the litigants, not the judges. Judges set the rules and can change them whenever they wish for whatever reason they wish.
I wouldn’t get to excited if there is nothing on the docket for a few days.
If you are expecting it to go to .02 or higher. What difference does it make to buy at 135 or 148. It’s $130.00 dif on 100k shares to make $500+
Thanks for the link. Interesting interview.
Lol. To bad you didn’t search court filing. He is named in Class action suits in Sacramento and NY.
You lose.
LOL. Well thanks for proving my point. You can not name even one CEO that has not been named in some litigation or class action suit.
So, their filings they didn’t make should be believed till the SEC says otherwise. Ok. Got it. I’m sure that makes sense to someone.
So name one. I only asked for one.
LOL. Now there is the biggest bunch a malarkey I have heard in some time. SEC revokes companies every day for making false/misleading filings.
Name one CEO in the US that has not been named in a class action at some point in their careers. That hardly disqualifies anyone from being a good CEO with sound fiduciary judgement.
Maybe that’s why I suggested a tender offer or buyout would be more in line.
Absolutely. That was the other half of why I think GS might decide to make a tender offer then they would market and sell to FedEx. DHL. UPS and whomever else wanted the tech. Either way it plays out. It’s a win for GDSI/ HarmAlarm.
My guess is a tender offer will be made, probably by Gulf-stream instead of purchasing units for each aircraft. They were the major user of Mr Balls system 20 years ago. They can purchase the rights and do the manufacturing and marketing on a much larger scale than GDSI. Probably already have all the technology available for immediate production on a larger scale than GDSI / HarAlarm could manage by end of Q2.
GDSI retains a 5-20% interest. Everyone wins.
This is the quote from your post, You didn’t write this? You should report your account being hacked if you did not write this. “His last Order states Default will occur if Rontan doesn't find counsel “………
So now the “excellent lawyer” for Rontan et al, Mr Osorio is a Bozo?LOL.
Okay. But the rest of us have been telling you that for months. Glad to see you finally coming around.
$GDSI .0158 up 31%
Thanks Mr Delgado.
Merry Christmas.
If I were a Rontan Investor looking for a silver lining I would be hanging my hat on mediation and settlement to minimize the damages to my company. A settlement could probably reduce their exposure by 30-40% just to avoid an additional 30-60 days of litigation and the uncertainty of a jury verdict and award.
That’s completely false. There is absolutely nothing in the last order (DE 190) that says anything about a finding of default.
It clearly states Rontan has 20 days to acquire new council. Does not give them till trial date. Does not modify any dates or obligations of either party.
Motions are not facts. Read the judges Order. It tells you what the findings of Facts are.
Incorrect the judge gives them a very short period of time to gain new council. See order DE 190 for facts. 20days. Not till trial date.
Rontan et al would be very wise to settle by mediation at this point. They can not improve their legal position from this point forward, It only deteriorates.
Read the DE 190 another Docket Fact; Judge states there were no payments made to Council and no arrangements were made by Rontan.
I will stick to the Facts stated In judges orders. Motions are not facts till the judge says they are.
He did not say they were unable to make payment he said that they did not make payment. Judge says nothing about Bankruptcy.
Judge gives Rontan et al a very short window of time to gain council and. That 6. “This order does not stay any proceedings or modify any deadlines or obligations of the parties”
No more lawyer for Rontan. judge bids a fond farewell to Mr Osorio. DE 190 Order Granting withdraw.
Yet there is no mention of the financial status of either Brother?
Guess Osorio must have taken the case Pro Bono. Judge should Deny his motion to withdraw since he already knew he was not getting paid.
With a judgement in GDSIs favor there is no “decision” for the judge to make. Rontan will be paying all expenses of GDSI for litigation. The judge will not be deciding the damages if a trial takes place either. That will be for the Jury also.
The good thing for Rontan is that they can limit their exposure and the damages through the mediation/settlement process which at this time would be a prudent path to follow.
I reject your opinion as it has no basis in fact as published on the Docket.
Another Docket Fact; Osorio Renews motion to withdraw as council!
Game over
Say bye bye to the excellent Osorio. And all his “excellent motions” that have all been DENIED.
maybe the judge will DENY this motion also and Rontan can keep this awesome lawyer and not have to pay him a dime. What an awesome deal!!
Not even going to need a settlement now. A default judgement will work just fine. Can’t even argue an affirmative defense without a lawyer. LOL. Looks like not even Rontan et al has any faith in that BS.
Only question now is what are the damages after recovery of the $1.6m cost of litigation.
Actual damages; GDSI will be entitled to every dime the Bolzan Brothers took as profit or salary since the date the breach occurred.
No wonder they have been trying to keep that hidden.
Rumors have the figures between $36.2 and $38.5m for each brother since 2014. Supposedly taken from the Brazilian court records dealing with Rontans reorganization ( bankruptcy) 2017-18 I don’t read Brazilian (Portuguese) so cant confirm the figures.
The brothers already decided by not paying their legal fees as stated in the docket entries. I reject your opinion that is not supported by the docket.
I reject this opinion in lieu of the facts in evidence (see docket entries and Orders)
Docket facts. Osario trying to quit
Docket fact. MSJs Denied
Docket Fact. Judge deems Breach has occurred
Docket Fact. Jury will award “actual damages” Liquid damages denied as “actual damages” are an available remedy.
Docket Fact. Rontan et al may not seal records
Docket fact. Rontan et al will provide electronic data as agreed no modification or narrowing of scope.
Docket Fact. Motions are not Facts.
Docket fact. First Amended Complaint contains the original complaint in its entirety plus modifications/amendments. Was not “tossed”
US and Brazil have treaties that cover civil judgements. Rontan also does business in US territories and with US banks so no problem seizing assets if needed.
I would seek better council if that’s the advice they are offering you.
Simple- the financial agreement between GDSI and it Litigation financier is not a part of the litigation.
It has no legal status in the legal proceedings before the court.