Recent GDSI Facebook Updates
August 4th
All,
It has come to my attention that a poster on one of the investor websites has been stating that the company has a $300K judgement against it pertaining to litigation regarding NACSV. The company actually has a settlement agreement in place for $20K as long as paid by August 31. I was planning to issue a press release on this when the settlement has been paid, but due to this information that has been released, I felt I needed to immediately clarify this situation. Thanks again.
August 3rd
All,
I would like to thank all of the shareholders who have reached out to thank the team for its work so far in getting the company stabilized and preparation for moving forward. We are making good progress on the financials which in turn lead into the filings. Although this process will take approximately 90 days to complete in its entirety, filings will begin coming out in the next 2-3 weeks and will continue until completed. I do expect to release news around the legal issues, which, in my opinion, are going well very soon. Thanks again for all of your support. I look forward to our shareholders meeting early next year.
July 26th
Just a quick follow-up to the last two press releases. These press releases were issued to let everyone know that we are beginning the process of reviewing and auditing the company's financials for compliance with SEC and OTC guidelines. We need the assistance of our employees, consultants, advisers, and auditors to complete the tasks at hand. This work is expected to take between 90-120 days. I intend to move the company back to the OTC. It would be a quicker process to remain on the pinks, but in the long run audited financials will provide a more transparent view and better shareholder value. Thanks again for your patience.
