InvestorsHub Logo

flight director

09/18/19 1:07 PM

#42731 RE: MrBlackLungs #42724

You're missing one important thing: ENTERPRISE VALUE (Purchase Price + assumed Liabilities) = $200M+

eqinvestor

04/02/21 8:43 AM

#48302 RE: MrBlackLungs #42724

You haven't read the court filings and the judgment and how the 192 million was determined. Your conclusion makes zero sense.

Simple analogy.

You sell me a car and represent that the title is free and clear. I pay $7,000 for it. You breach the contract and then I find out that the car has liens against it for $14,000. You also remove the radio which is worth $1,000. My damages are $15,000. I get a judgment. If you pay off the liens and replace the car with an equivalent radio, I essentially owe you $7,000.

In the case of Rontan and by way of analogy, the undisclosed tax liability was the car lien and the removing of the real estate was the removing of the radio.

Theoretically, the original deal could be closer to the result if Rontan paid off the undisclosed tax liability and placed the real estate back in Rontan's possession.

However, they won't and they have horrible appellate counsel and that is why GDSI wins and the judgment remains.

Read the court filings before you arrive at this conclusion