Global Digital Solutions, Inc.
777 South Flagler Dr., Suite 800 West Tower
West Palm Beach, FL 33401
Global Digital Solutions is a publicly-
Contact: William J. Delgado, Chairman 561-
February 3, 2021 – Florida Court Makes Final Ruling on GDSI v. Grupo Rontan; Awards GDSI Damages of $192 Million
Press releases dated August 20, 2012, January 25, 2013, February 13, 2013, May 22, 2013, June 13, 2013, June 24, 2013, July 1, 2013, August 4, 2013, August 7, 2013, August 22, 2013, September 19, 2013, September 26, 2013, October 3, 2013, October 8, 2013 and November 1, 2013, which formerly appeared on this site, have been removed, pursuant to the conditions of a Plan of Reorganization in re Airtronic USA, Inc., Case No. 12-
February 23, 2021 – $2,887,937 in Additional Claims for Legal Fees and Associated Litigation Expenses Filed
Filing will bring the specific performance portion of damages to approximately $195,000,000. GDSI now owner of record of Rontan Metalurgica, including the plant, equipment and associated acreage.
May 5, 2022 – GDSI Provides Update on Rontan Judgment Collections
Judgment Now Stands at Approximately $200 Million with Legal fees and Accrued Interest
GDSI’s CEO, William J. Delgado, reports the judgment now stands at approximately $200 million with legal fees and accrued interest.
Rontan/Bolzan Appeal: Rontan Metallurgica (RM) and the Bolzan's have filed an appellate brief on October 15, 2021. The Company, through our counsel at Boies Schiller Flexner (BSF), has filed the Company's response on approximately January 30, 2022. RM and the Bolzan's have filed their final appellate response on or about March 25, 2022. It is now up to the schedule of the appellate court to rule on the filings. The company is hopeful that a decision can be reached by mid-
Collection Efforts: The Company has engaged several consultants in its efforts to collect on the judgement. These consultants are experts in International and Brazilian law and have collected hundreds of millions of dollars in judgements and forfeitures for their previous clients. The asset identification process has been underway for several months. Potential assets identified exceed the judgement amount of $200M. Although the legal process is moving forward on the appellate courts schedule, the collection efforts have continued in earnest. All of the final collection paperwork required should also be complete by midsummer.
Uses of Judgment Proceeds: The Company fully intends to begin acquisitions in the EV marketplace, including software development, manufacturing, and EV servicing options. The intent is to purchase cash flow positive assets or EV products with short timetables to being cash flow positive. The Company feels that with this capital and access to capital markets that we can become a strong source for EV technology.