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Re: None

Thursday, 08/03/2023 2:31:29 PM

Thursday, August 03, 2023 2:31:29 PM

Post# of 172275
Actual substantive question for the board. With regard to the share cancellations that have been filed for GVSI (and SRNW), does anyone know what the REAL timetables for the remainder of the proceeding? Meaning, the Defendants have all now been "served" either the conventional way or by publication. How long does each Defendant have to file a response to the company's pleadings (is there extra time to respond for out of state Defendants - which is typical in most civil cases)? If the Defendants fail to respond, how long until the company can request a default judgment against them? What's the timeline for the Defendant's to file an appeal from any default judgment? I'm Hoping perhaps there might be a lawyer on this board who knows the actual answers. I'm thinking the out of state Defendants have 40 - 60 days to respond. The once the company files a default against them for failing to respond, the default judgment process will take another 60 days to become final. Then maybe another 30 days to appeal before the judgments are actually final taking us to December/January when the company might actually be able to do a RM. Again - I'm asking any lawyers on the board to comment.