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10-Q filed. Nothing unexpected.
warrants still execute at .01 with one @ .0069 for an average of .0093 which indicates no changes since the previous filing.
Showing an increase in operating expenses which is expected with the addition and testing of PALS from HarmAlarm.
OS @ 637.7m. An increase of about 30m or 5% since the previous filing. This is in line with previous increases to offset operations expenses.
Resolved litigations are shown to have been covered by the companies insurance carrier so no direct cost to the company
I would expect a customary increase in premiums tho no such increases are noted in the filing.
Check out the filling on EDGAR this is just the items I look at/for first to get an idea of how things are progressing.
Settlement negotiations underway.
Epstein didn’t kill himself!
Couldn’t resist. ??
The TSX has different rules for listings of mining companies and this can sometimes slow the release of information.
Keep in mind. Listing on the TSX in Canada is like a NYSE or AMEX listing in the US. TSX companies will then list on the OTC in order to attract the US investor without the expense of listing on one of the larger boards in the US.
To find information on this company you should look up PCY on the TSX.
And yes. I would like to have more information but I know that the Canadian markets are a little different and that PRs are taken more seriously on the TSX than say your average OTC pink. So if PCY (TSX) has a PR. I give it more credence.
Could be a tell by Middlebrooks.
He could have simply postponed a ruling here if he was thinking there was any chance he would be granting any of the MSJs either by GDSI or Rontan.
Settlement talks continue as stated by the mediator.
LOL. That’s not how it works. But you keep going with that.
Incorrect. The court can not change the wording of the SPA. 3.1.11 says what it says.
Whatever it is you are referring to is your opinion.
Rontan agreed to the conditions so they must disagree with your opinion also.
Read the SPA, it’s the legally binding document. It says they do under 3.1.11. Rontan’s MSJ is not the legally binding agreement.
It does not matter. As stated in the spa. 3.1.11. The buyer ( GDSI) May at its sole discretion waive any of the conditions.
Rontan can say anything they want in their MSJ. The facts are that the spa no matter how poorly you think it was constructed have GDSI the sole right to waive these conditions and they acted on that discretion. Game over.
That’s been my point from the start. The section of the SPA titled “conditions” includes 3.1.11 which gives GDSI exclusive right to waive any of the conditions. The only way that this condition can be removed or amended is under the provisions of section 10 (10.1).
3.1.11 was never challenged nor amended by either party. GDSI waived the conditions it had a right to waive under 3.1.11. Rontan is trying to use 10.1 as the basis for their opposition.
10.1 could be used by Rontan to remove or amended 3.1.11. Or any of the other conditions but they did not do so.
GDSI however could and did use 3.1.11 to waive conditions at its sole discretion as spelled out. They could have also used 10.1 but were not required to do so.
They can not run any piping do any drilling (water well) nor put in any power lines or polls prior to permitting. I am sure they are laying the plot work. They are just not allowed to disturb the environment without permits. Most of these type operations will build their own power station on site. Probably a diesel generator.
You can’t do any construction in Nevada until all environmental and regulatory work is completed.
Just like building a new house. You must have your permits first.
The report was generated in 2014-15. They didn’t file for reorganization till a year or so later. No telling what might have been, under different management. There are lots of millionaires that started off buying companies out of bankruptcy and restructuring them into profitable enterprises.
Non-event. It has no bearing on the
Merit of the documents.
In a way it’s probably a + for GDSI. As this is yet another document pertaining to the financial shenanigans of the Bolzan’s that is now going to become public.
Can’t wait for someone to explain to us in great detail about how the PALS system works and none of us knows a thing about it. LOL.
You are still wrong. Original complaint survives in its entirety within the amended complaint. That’s how without prejudice works. Just like Rontan’s MSJ that was denied without prejudice. It will survive in its entirety as long as they fix the issue the judge noted it his ruling.
WRONG. read the latest request to seal filed by GDSI and on the docket KMPG produced the document as required and is entered into evidence as an exhibit in support of GDSIs MSJ.
A condition which GDSI was within its rights to waive under condition 3.1.11 of the “conditions” of the SPA. There were no conditions mutually waived by either party under 10.1 which would have been required to remove the rights of GDSI under 3.1.11.
Settlement could come any moment.
Especially this one they don’t have a leg to stand on. That’s in the latest filing too.
Of course it is. That’s why their fighting so hard to seal the records.
That’s why they keep delaying the trial. They have such a strong case.
GDSI has meet Conditions President in all aspects. That’s obvious in that Rontan has not challenged the amended complaint which they would have done had their original MTD not been granted without Prejudice.
Mediation is settlement negotiations. They will continue as per the mediators report that “both sides are working in good faith”
More delay tactics by Rontan. New motion to further delay the trial for 60 days.
You would think that if Rontan was so confident in its ability to win. They would just go ahead and get the trial over with. Does not sound like they expect any of their MSJs to survive.
The judges ruling on this motion will be an interesting read I’m sure. He was already becoming irritated after the last request.
Fun times ahead.
That’s not a fact supported by the evidence.
The fact is. Their in negotiations to settle pre-trial. The moderators report stated that the two sides were negotiating in good faith. GDSI HAS the opinion report from KPMG. Rontan does not want their financial information made public.
All these facts taken from the docket entries would support a pre-trial settlement is more likely than not. We will all know for sure in less than 3 weeks.
Their not drilling in Nevada.
They are drilling on the silver mine in Bolivia to prove and expand the pay grade.
Exactly. That’s what causes an impasse. As I stated earlier.
Not saying this will happen here. But if you want to see what happens when a company starts on the grey sheets then moves to pinks. Then on to the nasdaq. Check out the travels of one TZOO. (Travel zoo) started on the grey sheets in the mid ‘90s. In 2004 or ‘05 it went to NASDAQ at around .25. It then went to $135.00 a share. TZOO suffered all the same negative posts and claims of toxic financing and loan sharks we are seeing here. There could very well be shenanigans going on here but it’s a little less likely when you have names like Katy Ireland backing the product.
GLTA
“Make the parties come to a mutual agreement. “
Simply put this is exactly right.
There is no “Force” in a mutual agreement. Smh.
Wrong again. This is for GDSIs MSJ. Not the “stipulation” regarding Rontan’s MSJ. These documents are exhibits submitted by GDSI. In support of their Due diligence via the KMPG report/opinion. This has nothing to do with Rontan trying to seal financial documents in support of their MSJs. Which has been denied without prejudice
Mediation is sometimes part of settlement negotiations. Anyone who has ever taken part in the process can attest to this.
Basically interchangeable with the difference being that in mediation there is a decision made by a “Mediator” when there is continued disagreement on a particular issue or the entire matter as a whole.
The Mediator will attempt to have the parties negotiate a mutually agreeable settlement without having to rule on the entire matter. In other words he attempts to get the parties over stumbling blocks in their negotiations for a settlement. If you think this entire process only takes place at one specific time and place you are mistaken.
The Nov 7th Mediation hearing was a time for the parties to present to the mediator the issues they have agreed on and to further argue the issues they disagree on. The mediator will give them guidance to resolve and or rule on a matter so that they can move forward from there. This is how mediation/settlement negotiation work.
Next mediation hearing will result in the order for the settlement for which both sides have agreed or an impasse will be declared and Trial will begin on schedule.
Excerpts from the docket filing.
“The Confidential KPMG Report and the Confidential Maximiliano Agreementwere produced in discovery by nonparties (KPMG and Maximiliano, respectively) in response to third-party subpoenas. Both documents were designated as confidential by those third parties.”
“The Confidential KPMG Report was created at the request of General American Capital Partners, the third-party funder in the transaction at issue in this litigation, at a cost in excess of $250,000. It contains sensitive financial and proprietary information in aid of due diligence review of Rontan. Circulation of the Confidential KPMG Report was limited to GACP, which shared the report only with GDSI. Public filing of the report would confer unwarranted and unfair advantage to other potential suitors and/or competitors of Rontan.”
“The Confidential Maximiliano Agreement is the subject of currently pending litigation in Brazil. Both Mr. Maximiliano and Defendant Rontan have designated the agreement as confidential. The original of the agreement is in Portuguese. The official translation by Precision Translating Services, Inc., was prepared at considerable cost to GDSI for purposes of this litigation only. Public filing of the report would confer unwarranted and unfair advantage to other potential suitors and/or competitors of Rontan.”
“Undersigned counsel has conferred with counsel for the Defendants, Carlos Osorio, who requested on his clients’ behalf that the Maximiliano Agreement be filed under seal.”
“William A. Isaacson, Esq” (just included this since there are some here who claim he is not involved in the litigation )
This is excellent information in favor of GDSIs position. Pretty much squashed the Rontan MSJs in a single filing.
I don’t think it’s enough to convince the court to move to grant GDSIs MSJ. But it’s enough to deny the MSJs filed by Rontan.
It is a filing in support of GDSIs MSJ and at the same time refutes the claims in the Rontan MSJs. It is being stipulated to so that means that Rontan after being presented with the information has agreed to GDSIs position on the documents and has agreed to allow them to be filed under seal (private).
This supports my statements of opinion that Rontan does not want their financial dealing made public and lends more credence to the possibility of a pre-trial settlement in GDSIs favor. IMO. The only thing being negotiated now is how much $$$$$$$$$.
Very good information in this filing. GDSI is asking that the KMPG “opinion letter” generated in accordance with the due diligence be sealed. (Rontan is claiming this DD was never performed in its MSJ) this opinion report was in fact performed as required and at the time was deemed confidential between GACP and KPMG at a cost to GACP of $250,000. It was then shared by GACP with GDSI.
IMO. This is probably a result of Mediation (settlement) talks that have been taking place and will help greatly in the establishment of grounds to grant GDSI its motion for summary judgement against Rontan since the “KMPG report is the nexus of Rontan’s claims for their MSJs.
Walls are closing in on Bolzan’s. Time to pay up. Time for Global Digital to get this behind them and get on to the business of business.
GL
“No sign of a settlement” ??? the “docket” clearly recognizes
“mediation” which is in fact “settlement” prior to trial. Facts are right there in the judges orders on the docket.
$GDSI No pump No dump No fluff Bill Delgado’s excellent leadership drives pps to 30% gains in two days up 50% from inter-day low. Thank you Bill Delgado!
What’s funny is you read my post incorrectly.
I said the Q may be filed after the settlement with the filing of a NT10-Q so as to include the settlement in the “Subsequent events” section of the 10-Q.
Think the Q is due around the 14th or a NT10-Q. Which would make sense in order to include the settlement in the “subsequent events” section of the filing.
Here here. Looking forward to this nonsense being over with and HA getting their final approval for PALS.
I would like to thank those of you that assisted in the financing of the licensing fees for PALS this morning by purchasing those penny shares. ;)
Already up 17% from its low today. Any other Pink would have been at .0005 with a move like that. A pretty strong position.
GL
That’s not GDSI so it’s not relevant here. Every OTC ends up with some kind of action during its existence. There are none for GDSI. I searched Falcon. No results found. so what You’re saying makes no sense.
80 posts since his born on date of August 27th all on this board and zero credible information. Thats just the posts that were not removed by admins. Probably closer to 200.
There are no pending actions by the SEC or FINRA with GDSI nor Delgado listed on any of their information sites.
This is as per a search I just conducted today with Delgado, Global Digital Solutions, Falcon, and Dragon. As possible links. No results found.
The only listing was a dismissal of an action against GDSI that was entered in July of this year.
This would be 100% contradictory to information posted here earlier today.
Enjoy the weekend
Mediation is being conducted and a settlement is coming soon. If not. Court in a few weeks.
You can’t post a link to something that does not exist. Post the link to the action for Delgado as it relates to GDSI.