InvestorsHub Logo
Followers 11
Posts 639
Boards Moderated 0
Alias Born 09/05/2013

Re: None

Tuesday, 06/26/2018 1:30:02 AM

Tuesday, June 26, 2018 1:30:02 AM

Post# of 50023
If you are a new investor or new to this board please review the following. There is a lot of "fake news" going on regarding the Rontan acquisition. The Rontan deal was valued at $R636M. That translates to approximately $166M USD. That information comes directly ffrom the Brazilian investment bank Bradesco. Now look at the contract. Section 9.2 states there is a 15% breakup fee. The contract is filed as an amendment to the lawsuit filed in Palm Beach county. That comes out to $25M USD. The lawsuit states there are other breaches. Finally, GDSI won the first round of the lawsuit against the SEC in April. The SCOTUS decision cements GDSI's case. The Company has filed 7 of the 9 delinquent filings. My guess is they will complete the remainder this week. It is well known that the Company was in the proverbial "toilet". Cannot wait for them to finish the job!