The deal isn’t even worth 200m. It was estimated at 52m (200m was the currency conversion). Let’s put fantasy aside and realize what facts we have.
You claimed earlier that the SPSA claimed a breakup fee of 15% (which is super high considering the average deal is 1-3%. It only goes up when the deal is less money... who would agree to stupid prices at a deal of that size?) what is 15% of 52m? Around 8m.
We know that BSF is to receive 43% of the proceedings on top of a 1.2m payment plan. The other line of credit is to receive 27%. That leaves GDSI with 30%. That’s only 2.4m and that’s also saying that you are telling the truth by saying 15%.
GDSI’s subsidiary NACVS hasn’t picked up the phone in years and GDSI isn’t producing any form of revenue.
The company supplying GDSI’s credit line went AWOL months after the deal went “south”. The SEC 100% has a valid case against GDSI if they cannot prove they secured the line of credit.
Bill is the CFO of another company so you know he isn’t motivated to go all out and turn GDSI around. He only gives half of his time and effort. Try and debate that. What winner only devotes themselves half the time? Bill has had years to turn this company around but all we have received are excuses. Not a single dollar has been made. Its kept alive my shareholders losing faith. The SEC knows this and the SEC is literally sitting there working to protect you and people still will argue otherwise. It’s not that hard to tell. Really
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