So Scott Brown got $1.3 million for signing on as an “advisor” for this company …
GDSI is a unusual outfit. As reported by the Globe, it was originally formed as a beauty supply company in New Jersey, then became a wireless data firm in California, before evolving into a firearms and gun technology company in south Florida last year.
The company says it is positioning itself as (deep breath) “a leader in providing small arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas.” But GDSI has no revenue, no patents, and no manufacturing facilities. It has issued millions of shares of stock, which trade for well under a dollar a share. (The stock’s value has fallen by half since Brown got his stash.)