Yes No Way Out For Rontan from what I perceived from reading the filings. I posted that a few wks ago after reading the filings. (ppl laughed my post off) I went through and read everything again last week. Your comment is right on IMHO
Just a couple pieces of accurate and non BS factoids for you all. .. Continue on with the links below for anyone who would be willing to spend 37 minutes reading.
From the 8k pertaining to the SPSA
"A further list and description of important assumptions and other important factors that could cause actual results to differ materially from those in the forward-looking statements are specified in GDSI’s Annual Report on Form 10-K for the year ended December 31, 2014 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2015 and June 30, 2015, including under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Other unknown or unpredictable factors could also have material adverse effects on the GDSI’s or Rontan’s performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this Current Report on Form 8-K may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this Current Report on Form 8-K. GDSI undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required by law."
From the last 10k "We will need additional capital to fund ongoing operations, future acquisitions, and to respond to business opportunities, challenges, acquisitions or unforeseen circumstances. If such capital is not available to us, our business, operating results and financial condition may be harmed. At December 31, 2014 we had $160,102 cash on hand. Subsequent to December 31, 2014, we entered into a number of convertible note transactions, receiving net proceeds in the aggregate of $471,630. We will continue to seek equity financing to provide funding for operations but there is no assurance that we will be successful in these efforts. If we are not successful in raising additional equity capital or generating sufficient cash flows to meet our obligations as they come due, we may not be able to fully fund our ambitious growth plans. We may then be required to reduce our overhead expenses by the reduction of headcount and other available measures."
15%? Holy smokes. Anybody with an average IQ that reads the contract knows there will be a hefty break-up fee similar to the breakup fee between the Sprint & T-Mobile merger fail. $2B break up fee. To get only 15% of whats at stake here will definitely be a nice break up gift for GDSI.