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Correct. They are just the numbers. ??
Sorry you don’t like the numbers. I can’t change the facts to fit your narrative.
By the numbers!
$195m / 800m shares. .24 pps
Let’s say litigation financial investors, lawyers and “ toxic investors” get Half. That’s still .12 pps and it’s trading at .023.
Let’s say they only recover half the judgement. That’s still .06 and it’s trading at .023.
Just the numbers. No hyperbole about shorts, squeezes or toxic financing.
These are the numbers as of today, every day interest is added along with the cost of collections.
GLTA!
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Global Digital Solutions, Inc. (OTC: GDSI), a company that is positioning itself as a leader in Transportation Technology Solutions, has announced that the Eleventh Circuit Court of Appeals has affirmed the lower court’s ruling awarding damages of approximately $195 million from Grupo Rontan Electro Metalurgica, S.A., Joao Alberto Bolzan and Jose Carlos Bolzan.
The decision affirms the award to Global Digital Solutions, Inc. for Specific Performance (Rights to Rontan Metalurgica) and incidental damages of $192,448,000. Interest and legal fees have increased the initial award to north of $195 million.
William Delgado, CEO and Chairman of GDSI, added, “We are very pleased that the Eleventh Circuit validated our position regarding these damages. Our United States legal team of Boies, Schiller, Flexner and our Brazilian legal team have done an outstanding job on this case. In addition, we have engaged one of the premier corporate investigative and intelligence firms to help identify assets to support our damages award. They have identified assets significantly greater than our damages award and the company intends to begin collection action on these assets immediately.”
8:30a ET 11/8/2022 - BusinessWire
Global Digital Solutions, Inc. Award of $195M in Damages Affirmed by Eleventh Circuit Federal Court of Appeals
Something to keep in mind.
The original decision/judgement bears interest. GDSI is entitled to an additional 2 years of interest on top of the original judgement.
That’s a tough call, lots of variables. See what it does tomorrow.
Now we wait for the PR should be out in the next few days. Would be nice to see one tomorrow.
Disappointed it didn’t make at least .03 today. That dump killed it.
It’s kinda misleading since the filing says OS is 252,973,447 yet the link only shows 188,858,187. Looks like OTC can’t do math and pretty much sucks at cut and paste.
What’s up here? $100m revenue over 14 months at 40m OS. That’s like a PE of $2.25, How is this at $1.10?
IMHO. You might see .03-.06 on affirmation, they will need to have some collections news in order to move any higher. There are about 20-25% more shares out there now than there was when the trial ended. If collections activities are timely disclosed then it could see .08-.11
My guess is that if there is affirmation and GDSI can establish an avenue for collection then Rontan may try to settle.
Some type of settlement would be preferable since collections cost lots of money and time.
Agreed. Thanks for actually reading the post and responding appropriately. :)
Yeah. The Bolzan’s would never imagine that someone they own $100m to would think to look for assets abroad. That would just be ridiculous.
A little Google searching shows they own mining, rock quarries, textile manufacturing, automotive and several other business ventures inside Brazil.
But shhhhhh. Don’t say nothing, they may have forgotten they have those assets. :)
Yep. I have heard gold mine, silver mine, copper mine, zinc. Bla bla bla. So I just go with “mine”. That rumor has been around for close to a year.
They don’t seem to be interested in what expert posters on message boards have to say, they obviously didn’t follow the many suggestions on how to win their case or an appeal, that were posted on this board.
International collections are a lot different than collecting a U.S. judgement in the U.S. besides, I would be surprised if the wheels are not already turning on collections. Actually collecting still needs to go through a court somewhere.
As far as the appeal goes. The only thing that stops collection in the U.S. is if an appeal bond is submitted, simply appealing has no effect on your right to collect.
If this ruling is affirmed here. I see very little chance of another appeal being taken up. This should be the end of it, other than attempting an appeal to SCOTUS.
Cort
I expect to see collection activities disclosed shortly after an affirmation.
It would be extremely unlikely that collection activities were not undertaken over the past 2 years.
My guess is that assets, such as the mine and processing plant in Mexico, have been identified and documents have been prepared in advance of the ruling.
Things should move quickly once the decision is announced.
I think it is highly unlikely that Rontan succeeds in this appeal. The fact that they are challenging a default judgement for failure to comply with the courts orders, while continuing to defy court orders is a very tough row to hoe.
Cort
Transfered not Returned.
Basically the judge asked if Rontan had returned the shares as that part of the ruling was not under appeal. If not then his client was there with “unclean hands”. Rontans attorney ultimately agreed that if the shares were not returned then yes his client was there with unclean hands.
The shares were not returned.
It’s the very end of the hearing right before they end for the day.
Cort.
Unclean Hands doctrine was brought up by the judge. I will go with the judges opinion of its applicability in this matter.
Court goes into recess at the end of the day to take up further business the next day. Not necessarily the same case. This case has concluded.
All you really need to take away from these arguments and the questions by the Judges.
Unclean Hands Doctrine
An equitable defense that bars relief to a party who has engaged in inequitable behavior (including fraud, deceit, unconscionability or bad faith) related to the subject matter of that party's claim.
In general if a party brings action with unclean hands the court will dismiss the claim.
Have a great day
Cort.
No filing and Twitter updates stopped 6 weeks ago. Not looking to good.
https://www.marijuanamoment.net/mlb-teams-can-now-be-sponsored-by-cbd-companies-baseball-league-official-says/
This is a huge opportunity for exposure.
They would need an investment bank to make good on their attempt at qualifying for NASDAQ up-listing. So yes, very important step.
The problem with your analogy is that to accept Rontans argument is to retry the facts of the case. The only way that can happen is for the appeals court to find the judges default judgement is set aside and send it back for retrial.
The courts decision was a default judgement due to non participation, therefore all allegations by plaintiffs are legally found to be true, the findings of fact, are in GDSIs favor ie. Is there an engine or not? is a finding of fact.
The only issue for the appeals court is if the judges ruling of default judgement stands. You can not re-litigate the facts at appeal.
Look for info next 7-10 days. Then off it goes. Acquisitions and production numbers to follow IMHO. We just got the update via OTC that they now have an investment banker on board.
YIELD gone. Updated Filings , 6/30/21 no change on the OS still 47,385,615
Now Pink Current.
You could have just said
“Correct”
And left off the second half of your post since that goes to re-trial. SMH.
Rontan never raised such a claim in their defense, it is a default judgement.
The appeals court may not consider evidence not in the record, it can only rely on the evidence presented and if the law was applied properly.
Rontan failed to participate in their own defense the appeals court will only be looking at weather the judge acted within the law in issuing the default judgement. As you even said, the appeals court is not there to retry the case.
Rontan admitted to owing the amounts claimed so there is no dispute in the monetary value of the judgement.
The End!
There is no such filing for July 1 2021. That is OTC misinformation.
There were no subsequent events for the period ending 3/31/2021 if there were an increase in OS it would be recorded here in their most recent filing.
You did not copy from any company filing that they had 60m shares outstanding on July 1st. You copied OTCs misinformation.
From their most recent filing
“As of 3/31/2021, our most recent period end date, the number of shares outstanding of our Common Stock was: 47,385,615”
It’s 47m not 60m. OTC disinformation. See filings.
LOL. 2017, settled 2019.
Come on man!
I’ll try to go slower for you since you keep misreading posts including your own.
You post in a nut shell said Bolzan’s don’t own and mines in Mexico.
This is correct for two reasons.
1) they sold the claim
2) you don’t sell mines, you sell claims which are registered with the appropriate county or jurisdiction for that country. as a land transaction for mineral rights.
My post pointed out that your search was not only for the wrong information but even if it were it would be misleading because the Bolzan’s reportedly sold the claim so they will not show up as the owner.
My post made no other claims or assertions.
Have a blissful day
Obviously you didn’t re read your post or mine.
Have a blissful day
Wondering why you are searching Mexico mine ownership for the Bolzan’s. Generally, Mines don’t get sold the claim they sit on gets sold and the mine is part of that claim.
Usually when you sell a “mine” ( the claim) it’s Recorded under the new owners name.
Try searching for mineral claim ownership, don’t search for Bolzan’s because they reportedly sold their claims.
Hint: their names will not show up on something they sold.
Maybe you had an alternative objective with this post but it is unclear.
$SPOM. $500k NET Profit on
$4.9m revenue
$1m gross profit 1Q 2021
33m float.
1st full Quarter of operation since the RM.
OUTSTANDING!
I was in another one almost exactly like SPOM a couple years ago, OCGN. Very similar numbers and share structure. It was trading at .30 for almost a year before it exploded. It went to nearly $18.00 and then settled back at around $6-$8.
Patience is key. It will move when they decide to move it. Net profit will not go unnoticed for to long.
Revisions were due to a misstatement of revenue for the year end 2020. This in turn resulted in a misstatement for the 1stQ 2021. I have not found anything else in any of the filings other than this one issue,
The 1stQ 2021 numbers did not change and those alone would be impressive for any small company they are riding 2Q of NET profit. Most pinks are lucky to have any revenue at all. Spom has NET profit.