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Sunday, April 10, 2016 2:44:16 PM
Until be get an 8-K with Item 1.02, we are still golden here.
I have included a breakdown of the agreement below.
Section 8 and Section 9 were perfectly thought out by Sullivan and his legal team.
As you read Section 8, understand that Rontan has agreed to insure they follow through on their part of the agreement.
(They also signed the agreement - Check Signatures)
Purchaser: GDSI
Sellers: Rontan
REVERSE TRIANGULAR MERGER:
Others here will also bring up the current state of GDSI's subsidiary NACSV. NACSV is currently insolvent.
NACSV will be used to complete a Reverse Triangular Merger.
KEY POINTS: No shareholder vote (Which is required for a Reverse Merger) & also the selling of shares from Rontan to GDSI (If this was a Reverse Merger, it would be Rontan acquiring GDSI to go public.)
GLTA
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