Global Digital Solutions Inc (GDSI)

[Coreton]

I agree on the settlement part. I am not convinced GD still wants control of the company after the Bolzan’s have siphoned off all its assets and has a bunch of creditors hanging on for payment.

Will be interesting to see what happens from here on.

My feelings are that Bolzan’s will cut their losses before trial. Maybe sooner than later as opposed to incurring additional legal fees. A loss at trial will allow GD to ask for and probably receive restitution for litigation expenses.

This then means that Bolzan’s are on the hook for the original $5m and only the guaranteed return of 50% or $2.5m is GDs responsibility to be paid out of the damages awarded. So $2.5m and not the full $7.5m would come out of the actual settlement/award.