Monday, January 06, 2020 11:51:17 PM
It’s a “terribly worded document”, I’m told, seems it’s good enough for the court to find it compelling and it spells out enough of the details that even the judge has said that Rontan breached the contract.
Estimates of the “actual Damages” range from $35m to $100m plus court costs and attorney fees.
Actual damages would be based on the proceeds Rontan had realized from the date of the breach to present.
Basically every dime that the Bolzan’s skimmed out of the company would be recoverable
So you are looking at 5 to 6 years of income from sales and licensing from Rontan’s business dealings. (Actual Damages) also any assets land equipment etc.
So pick a number between $35m and $100m or between .10 and .35 for a pps and that’s where it’s headed depending on the settlement amount.
Once this settles out. Then you get the buyout from Gulfstream for the updated PALS system which could be anything between .35 and $1.25 a share depending on who’s rumor ya want to latch onto. Or perhaps just the contracts from GS, UPS, DHL, FedEx, Boeing or anyone else that wants to improve the safety of their aircraft. GS and Fedex already use the earlier versions.
Apple, Microsoft and Facebook had no offices, 1 or 2 employees and only existed on paper or someone’s mind when they exploded onto the market. So a physical address and 100s of employees is less than necessary to be a viable business enterprise.
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM
One World Products, Inc. Issues Shareholder Update • OWPC • May 29, 2024 8:20 AM