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Coreton

02/12/23 1:00 PM

#49822 RE: hockeypond #49821

I’m always conservative in my numbers.

I chose 80m since it’s a nice multiple for the current OS of 800m. And about 1/4 of the maximum after interest is added.

My guess is that once there is an official announcement of a filing with any court to seize assets, the Bolzan’s will come to GD with a settlement offer.

I’m looking for something in the $120m to $160m range. Or a pps of 15 to .20.

Contacts in Brazil have indicated that the brothers are connected to at least 3 entities that can satisfy such a judgement, and 4 or 5 others that range in the $30m-$50m individually. That’s just in Brazil. It is rumored that there are 2-3 other entities internationally of which any one of them would settle the judgement in full.

Hope to see something in the next 30-60 days on that front, attorneys and courts always seem to take 30-60 days.


GLTA
Cor