Now I do not quite understand why Rontan would lend GDSI money(even if Rontan had money) to buy Rontan ! If Rontan had money to loan it would not be in the mess it is in owing everyone ,plant closed,courts seizing assets.
And for who would lend money to GDSI? Well, Rontan of course.
They need this more than GDSI needs them.
That just does not make a lot of sense. GDSI is a broke company with no business but yet you think Rontan needs GDSI . GDSI has nothing to offer Rontan except a public company with SEC fraud charges lol. Rontan needs a company with money not a broke company with all the problem,s GDSI has
GDSI has over 460 million shares in the float, while that may seem low to you(and at its current price it isnt extremely high but that is not a low float, the company you referenced has less authorized shares than GDSI has in the float lol.
But keep in mind as well, GDSI is a low floater. See what happened with VD*M.
Rontan is going to lend GDSI money to buy Rontan is like saying here is our company pay us when you can if you can, we know the economy has been bad that is why we owe millions to everyone and had to close our plant but hey we know how to make money.
The oprogresso was used often to make points for GDSI as the articles went out about the European company deal with Rontan(statements made the Euro company was buying for GDSI) but yet you will not accept this article as proof that Rontan killed the deal with GDSI
Then from Rontan Signals Miami Rontan Signals October 28, 2016 ·
The company who was going to by Rontan back out of the deal.
anybody want to buy them? LikeShow more reactions CommentShare Chronological Comments Gary M Granger II Gary M Granger II Still for sale? Like · Reply · January 2 at 12:25pm Rontan Signals Rontan Signals yes Like · Reply · January 2 at 1:51pm
To me it could not be much clearer that Rontan is a no go for GDSI
And Yeah the Bolzans didnt like the fact that Sullivan used the announcement to create share volume and price movement for GDSI stock as was stated in the oprogresso article
"This company (GDSI) released a note about the Rontan purchase a while back, but did it for the stock market action in New York to burst," he said.
The foreign company announced the signing of the intention to buy and sell with the Rontan Group at the end of last year. At the time, Mota said that the union did not confirm the agenda for "there is nothing concrete".
The document said that the completion of the purchase and sale would be made in March this year. In April, as the deal was not finalized, the trade unionist reported that the Americans preferred to drop a note on the end of the negotiations.
"Every time they traded, they were bargaining, until an hour arrived that Rontan did not want and broke the contract," said the unionist.
Well, simple. It's not like Rontan doesn't know how to make money. The recent downfall in the Brazil economy has effected all businesses, not only Rontan. You know that.
And for who would lend money to GDSI? Well, Rontan of course. They need this more than GDSI needs them. It was due to Sullivan that Bolzan Bros were not pleased with the early announcement of acquirement. Delgado was left with a whole lot of mess and there is still no proof that GDSI and Rontan are no longer in talks with each other. So this is why I hold, for the official outcome of GDSI.
But keep in mind as well, GDSI is a low floater. See what happened with VD*M. If what Delgado has to share is very substantial, this thing will pop higher than their last run to pennyland. Don't believe me? The chart says it all as well. This thing is ready to pop.
When whatever Delgado has to share drops, this thing will explode.
Brazilian courts continue to drain the Rontan swamp. Bolzans cash and assets taken to satisfy heavy debt. Looks like little will be left to keep them in operation. GDSI needs to get past Rontan like its other fiascos.