Replies to post #46858 on Global Digital Solutions Inc (GDSI)

[Coreton]

Short answer is at no time has defendant made any argument that GDSI knew of the extent of the tax liability prior to attempting to close on the SPA.

This document is in fact the very first time this argument has been raised.

I could be wrong but I believe the “default judgement” finds GDSIs claim that they did not know of the tax liability is affirmed.

[PhenixBleu]

GDSI learned of Rontan's tax problems when KPMG performed the analysis which was part of the SPA agreement. This knowledge is the reason General Capital pulled their financing. So, yes, GDSI knew Rontan had major financial problems, and they knew they couldn't afford to close the SPA as they had no means to fund it.

GDSI did nothing for around two years before deciding to pursue this litigation. The tax debt has been discussed extensively in court filings.

GDSI did not know the extent of the tax debt when they signed the SPA.