The Company has operated as a management holding c
Post# of 390
Posted On: 02/23/2013 9:59:39 PM
The Company has operated as a management holding company
since itsexistence, managing and acquiring various businesses.
From 2002 to 2005 the Company operated a Florida wholesale produce company and an ecommerce subsidiary that pursued acquisitions in the online industry. Due to various factors, including four hurricanes in 2004 that severely interrupted business, the Company turned its wholesale produce operation over to its lenders. Former management
and the Company’s lenders have been engaged in a dispute over the settlement of the produce operations line of credit. The Company has been in discussions with the lenders and is confident that a fair and equitable resolution to these matters can be reached.
FACT: No settlement has been reached and GDSM is legally required to pay this $551,615 debt from January of 2009 to the lenders.
GDSM FAILED TO PAY THEIR LENDERS in 2010!
FACT: No settlement has been reached and GDSM is legally required to pay this $551,615 debt from January of 2009 to the lenders.
GDSM FAILED TO PAY THEIR LENDERS in 2010!
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