Thursday, March 04, 2021 5:41:33 PM
First, no this wasn't the result the Brazilians were looking for. You don't spend millions on an appeal which is what this will cost if you like the judgment.
Second, no the Brazilians don't agree with the line that don't worry because GDSI has to go through the recognition process in Brazil. They are clearly worried and have been advised by their attorneys in Brazil to spend the money and file this appeal. They would not be spending millions on this sppeal which is what this will cost if they had faith in any legal argument they can put forward in a Brazilian court.
Third, they are not broke. They will spend millions on this appeal. I would respectfully suggest to research what this appeal will cost in Florida.
Fourth If the Brazilians are filing a Supersedas bond and they lose, they will lose all their money. A supersedas bond is required to stay the execution. That will be approximately 10-20 million.
SO GDSI SHAREHOLDERS, the Brazilians are clearly worried. Unless they file the bond, GDSI will continue efforts to collect.
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