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Coreton

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Coreton

Re: None

Saturday, 02/08/2020 2:43:12 AM

Saturday, February 08, 2020 2:43:12 AM

Post# of 50023
This new Docket Entry clearly states that GDSI wishes to affirm the SPA, in other words , take ownership of Rontan provided the award of “Specific Performance” includes “Damages Incidental” to offset from the agreed purchase price the undisclosed tax liabilities.

Undisclosed tax liabilities are in the $100s of millions ( Brazilian R) according to depositions but no financial statements were ever submitted during discovery to corroborate. KPMG estimated the Tax liabilities at $112m USD for 2015.
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