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eqinvestor

07/28/20 10:40 AM

#45880 RE: PhenixBleu #45870

Hogwash. You are repeating what the Brazilian's lawyer regurgitated in his lawless filings with the court.

If BSF did not provide to the court what the court was asking for, the court would have told BSF that as they did once before.

All Billy Delgado naysayers are going to be very disappointed when judgment is granted in favor of GDSI.

The only thing I do agree with that you wrote is that there is a long road ahead. I do expect the Bolzans to appeal which they will lose and they may even take it to the Supreme Court. At the Supreme Court, they have a 10% chance of getting it overturned on a due process argument which the court will then order for the case to go to trial.

I would say that GDSI is looking at a 6-18 month road to begin collecting. However and if GDSI does for some crazy reason lose on appeal which will simply order trial, the case will go to trial in late 2021.
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Coreton

07/28/20 11:11 AM

#45883 RE: PhenixBleu #45870

The court does not determine the purchase price, that’s in the SPA. The court only determines “Incidental Damages” and what that offset will be. Has nothing at all to do with the “Specific Performance” remedy for the breach of contract which has already been adjudicated in GDSIs favor ( Default Judgement).

Conflating the two is a mistake.

The judge could decide no award on Incidental Damages, Specific Performance would still be enforced. There is no debate on the remedy for the Default Judgement for Breach, the remedy sought was Specific Performance. Incidental Damages to Specific Performance is a separate issue.