Home > Boards > US Listed > Computers - Software > Global Digital Solutions (GDSI)

How a judgement works in the real world

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Coreton Member Profile
 
Followed By 4
Posts 742
Boards Moderated 0
Alias Born 03/13/05
160x600 placeholder
Coreton   Sunday, 09/20/20 02:39:15 AM
Re: None
Post # of 46284 
How a judgement works in the real world AND What happens next IMHO.

First there is a finding (breach in this case) Which has been decided in GDSIs favor in this litigation default judgement was entered.

Then there is the awarding of damages, currently under consideration.

Once the award is rendered the case is over as far as this litigation is concerned.

Manner and method of Collection for damages awarded by a court is not a matter that is immediately addressed by the court in an order unless it is argued at the time of litigation. GDSI has made no such request at this time.

This judge will not make an order for collection of the judgement with his awards ruling.

GDSI would have to make demand for payment or settlement of the award and a reasonable amount of time would have to pass before any court would consider legal remedies to resolve the collection of the award judgement. That’s the law. That’s how it works in real life.

After looking over the filings associated with the award. My opinion is that the final judgement will come in between $165m and $195m. There are some assumptions made in the pleadings which while they are reasonable are probably not supported from a legal stand point.

Once the award is rendered my opinion is that GDSI will make the Bolzan’s an offer that they can not refuse, which would mean an adjustment to the award judgement, in a private settlement.

The very old and frail Bolzan’s risk having all their financial misdeeds brought to light in a civil procedure in a Brazilian court which would then lead to a stay in the luxurious Brazilian jail system.

IMO once the US court hands down the ruling for the award the Bolzan’s will settle the matter. NO involvement of the state department. NO Superior court of Brazil, NO recognition proceeding Just GDSI et al and Rontan et al, sitting in a conference room working out the details.

In the mean time. PALS contracts with FedEx, UPS, Prime, GS, Boeing, Airbus, Raytheon (Beach) or whatever they are calling themselves now and a slew of other aircraft manufacturers will come out. GDSI will sell or lease the rights to the technology so they only need to build one working unit. Most inventors do no manufacture their own inventions they sell the rights to someone else and collect a royalty.

GLTA $GDSI

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences