Sometimes "You do know" because Mark Basile is walking a straight line as long as Dennis pays him. For a while, Dennis wasn't paying him and Basile dumped him. I guess that's where the $$$ from dilutive share selling has been going. Dennis needs a lot of representation, a WHOLE lot. The most recent lawsuit is not going in Dennis's favor and we'll know by October 5th if the Judge orders Dennis to pay $2.5Mil to GS Capital. Based on the fins, Dennis doesn't have anything remotely close to that amount of $$$. Meanwhile >>
Regarding "...the SPAC transaction is still moving forward" -- LOL, moving forward to what? Why doesn't Basile tell shareholders the whole story? Considering at one time, GSD's outstanding shares were over 10,000,000 and had over $100Mil in the trust fund -- GSD stakeholders have been giving their vote of no confidence for months. From their recent SEC fin filing, OS is now down to 477,066 with only a little over $5Mil in the trust fund. This is not good if Dennis wants them to agree to the BCA >>
In connection with the Special Meeting, stockholders holding 866,088 Public Shares properly exercised their right to redeem their shares (and did not withdraw their redemption) for cash at a redemption price of approximately $10.97 per share, for an aggregate redemption amount of approximately $9,501,728. Following such redemptions, as of August 7, 2023, approximately $5,233,823 was left in trust and 477,066 Public Shares remained outstanding.