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Global Digital Solutions, Inc Issues Update on Awarded Damages and Legal Fees, OTC Filing Requirements and Collection Process
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Form 10-Q GLOBAL DIGITAL SOLUTIONS For: Jun 30
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WEST PALM BEACH, FL / ACCESSWIRE / February 18, 2021 / Global Digital Solutions Inc.(GDSI), (OTC PINK:GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions announced today an update to its business strategy regarding the award received in the decision from the United States District Court for the Southern District of Florida regarding the case against Grupo Rontan Electro Metalurgica, S.A., Joao Alberto Bolzan and Jose Carlos Bolzan. The full court document can be found at https://www.gdsi.co/page12.html.
The company is in the process of formally engaging Brazilian counsel to commence collection efforts on the Rontan plant and associated assets controlled by the Bolzans. Also included in the assets are several thousand acres of land encompassed within the plant purchase. The Company is in the process of engaging collection experts in the USA in order to determine assets not previously identified in the USA, Europe and/or Asia.
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