He expressly used the exact amounts asked for because they were below the “expert witnesses” projection of the actual amounts owed and felt GDSI was being conservative and therefore entitled to the full amount sought.
He also left it open for additional damages in the form of litigation costs above the statutory $5m limit in that he specifically mentioned that “all costs of litigation are covered under the SPA” so The cost of litigation is covered 100%.
He also awarded unspecified damages of Interest. Which while not a barn burner is still $420.00 a day at today’s interest rate accumulative of the unpaid daily balance, compounded annually until judgement is fully paid.
Don’t know about you but I’ll take a free $420 a day. That’s to GDSI not any other entity.
Like I posted. Instead of arguing every post about the judgement how about forget the judgement and just look at the hard assets and revenue. Those are actual and separate from the judgement and in the end. The only thing that matters going forward.
For the sake of non-argument I choose to ignore any further senseless comments about the judgement when the hard assets and annual revenue dwarf the judgement.
Hard assets $176,000,000 per expert witness during damages hearing and Rontans own CFO.
Annual revenue as reported by expert witnesses during discovery and stated by Rontan $126,000,000 EBITDA.
Total hard assets and annual revenue $302,000,000.00. I no longer care about the $192,000,000. The taxes are accounted for and business carries on as a GDSI asset. Case closed.
If you all want to continue to debate the one time value of the judgement beyond the most important part of the ruling,
conveyance of the Rontan to GDSI.
You all can knock yourselves out.
