SureTrader Advertisement PRTC
Home > Boards > US OTC > Basic Materials >

Drone Services USA Inc. (DSUS)

DSUS RSS Feed
Add DSUS Price Alert      Hide Sticky   Hide Intro
Moderator: Townie, malc stone, pitboss22, Homebrew
Search This Board:
Last Post: 5/24/2016 3:55:14 PM - Followers: 711 - Board type: Free - Posts Today: 4


 

 

DRONE SERVICES USA, INC (DSUS)









LAST COMMUNICATION FROM COMPANY....


OPEN LETTER TO THE SHAREHOLDERS OF DRONE SERVICES USA, INC 

It is with deep regret, that we the Board of Directors, unanimously, must deliver our resignations effective as of November 13, 2015. After completion of an internal investigation, the Board of Directors has determined that the extent of the misrepresentation regarding the Issuer’s financial position and its corporate actions, are so material as to void the transaction that led to each member of the Board accepting their position.

The Board has determined that (a) material liabilities of the Issuer were concealed from the Board members; (b) no reverse merger actually occurred; (c) significant regulatory issues exist which were not disclosed; and (d) material fraudulent activity is part of the history of this issuer that will likely never be overcome.  This information has caused the Board to declare that the Drone business envisioned by the Board for operations through this Issuer were never consummated, and any entanglement with the Issuer and the owners of the Drone technology or operations is terminated, effectively immediately.

Before PV Enterprises International, Inc. (“PVE”) changed its name to Drone Services USA, Inc. (“DSUS”), an independent contractor, who had worked with PVE previously, joined the company as a consultant and took on the responsibility of helping the directors and new management understand the requirements in a public company, alluding to indescribable knowledge that they would be able to rely on over the first years.

It has become abundantly clear that we have no choice but to resign all of our positions, as officers, and directors, because this consultant, with the aide of others, intentionally mislead the Board and did not provide material information prior to its members agreeing to undertake these positions and bring their business to the Issuer. These items include, but are limited to:

 

 -More than Eight Million Dollars ($8,000,000) of debt, through judgments, liens and outstanding, unpaid promissory notes, in the amount of $8,315,323 has been discovered so far.  It is the Boards position that the market should not rely on any financial statements published by the company since at least October 2007 when the company filed Form 15-12B.

-Undisclosed regulatory inquiries of a material nature have been discovered, including a Wells notice.

- A declaration of a dividend using a Preferred C, that was specifically designed for the “nice” shareholders, causing a discriminatory situation.   The Board has also discovered that prior management with the help of the consultant sold these shares to business associates.

- Claiming consultant and others were not paid from several years ago, resulting in double payment to these subcontractors, using free trading shares, even though the original issuances were easily traced, and most still in restricted certificate form.

-A press release indicating a reverse merger had taken place, when in fact, no such transaction was completed.

-Inability to rely on the financial information provided, including failure to disclose liabilities and over-stating assets (or in some cases we believe fraudulently claiming assets which do not exist).

-Inability to obtain line by line company financial information, to assist in determining the true nature of the company’s financials. 

-Apparent forging of the Company’s authorized representatives signature on significant financial and other corporate documents including the OTC Markets, financials and on free trading stock issuances, of which the Board was unaware.

- Forging of consultant agreements, invoices, and convertible notes in order to obtain free trading shares.  Showing proof of payment that went to other companies and for far different amounts.  



Please understand  this information was intentionally hidden from the Board of Directors and that prior to the Board becoming suspicious (resulting in the engagement of a third party for review), the Board had been relying on its advisor, unaware the advisor was policing email exchanges, and deleting information that could have raised earlier red flags. Once it became apparent that the financials were incorrect and unsubstantiated, the Board issued a warning to the market indicating the previous financials could not be relied upon and began attempting to correct the errors. It is now clear the Board will not be able to correct these errors as well as any of the other issues, and therefore must submit their resignations.

The resigning members of the Board of Directors have determined that due to the shocking nature of the information discovered, it will be sending all of the gathered documentation directly to the authorities.  Each Board member has also had reason to call the FBI and to report continued harassment from this consultant.  All Board members have delivered their resignation letters and have determined that they will be returning all shares issued to them, to the transfer agent for cancelation.  Further, the control block of preferred shares is being placed with an escrow agent.

We, the members of the Board truly believed that we would lead this company to a place that delivered value beneficial to all, including the shareholders. Although we discovered that mistakes were made (generally a long time after the fact), we still felt that as a team we could get this figured out.  We regret that due to the specific intentional deception perpetrated on us and
on you the shareholders, we no longer believe it can be resolved by us, the Board of Directors. We sincerely wish each of the shareholders, debt holders and other stakeholders the best of good fortune. We are hopeful the information delivered to the authorities, will assist them in holding this consultant and known associates accountable for the damages they have caused us all. 
 

Thank you


Link to origial letter with list of outstanding debts and resignation letters of CEO and BOD.....

http://www.otcmarkets.com/stock/DSUS/news/Open-Letter-To-Shareholders?id=119509&b=y
 

 
 





 

Daily Chart - 3 Months


 

 



 

 

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
DSUS
Current Price
Volume:
Bid Ask Day's Range
SureTrader
PostSubject
#147701  Sticky Note The claim that the DSUS shell will be pitboss22 04/19/16 04:14:33 PM
#147388  Sticky Note MS. RICE DSUS ATTY TO PUT NEW PRIVATE malc stone 12/06/15 07:17:16 PM
#142091  Sticky Note I dont see where CMR has a "subcontractors malc stone 08/01/15 06:10:33 PM
#147766   WATCH OUT FOR PROFIT TAKING BON THIS BIG justicewillbesoon 05/24/16 03:55:14 PM
#147765   stock just went up 250% on one trade justicewillbesoon 05/24/16 02:56:02 PM
#147764   big buyers in the wings--only 4 market makers justicewillbesoon 05/24/16 02:54:26 PM
#147763   big move coming -watch the drone fly justicewillbesoon 05/24/16 02:42:21 PM
#147762   Yeah Malc, please tell them because they don't joelahr 05/23/16 07:26:17 PM
#147761   SOMEBODY SHOULD TELL THE M.M.NITE ABOUT HOW THEY justicewillbesoon 05/23/16 02:32:00 PM
#147760   Let's see, multiple counts of fraud charged by malc stone 05/23/16 02:27:17 PM
#147759   IF YOU ARE RIGHT WHY IS NITE BIDDING justicewillbesoon 05/23/16 02:09:47 PM
#147758   GIVE ME ONE MORE REASON TO SAY DSUS justicewillbesoon 05/23/16 02:06:25 PM
#147757   TRUE BUT THE NAME DRONE SERVICES USA IS justicewillbesoon 05/23/16 02:05:03 PM
#147756   Because the SEC has charged the principles with malc stone 05/23/16 02:00:31 PM
#147755   HOW CAN YOU BE SO SURE?ITS A justicewillbesoon 05/23/16 01:58:38 PM
#147754   Good. It's a fraud. malc stone 05/23/16 01:52:56 PM
#147753   if you do not help it will sink justicewillbesoon 05/23/16 01:48:25 PM
#147752   No thanks. malc stone 05/23/16 12:48:54 PM
#147751   c"mon guys give me some help and away justicewillbesoon 05/23/16 11:59:10 AM
#147750   roaring back to life justicewillbesoon 05/23/16 10:48:24 AM
#147749   Another stock slowly dying, looks like on life Townie 05/23/16 09:46:56 AM
#147748   buy it up fast its ready to roar----------------The justicewillbesoon 05/23/16 09:03:39 AM
#147747   I read on another site where someone claims pepeoil 05/23/16 07:19:35 AM
#147746   Cmon guys. He had thousands in this. Just G&L only 05/20/16 05:49:16 PM
#147745   This is what happens when one plays the malc stone 05/20/16 05:29:43 PM
#147744   Dude, we all knew that before Joel posted pepeoil 05/20/16 03:34:01 PM
#147743   after rereading joels final goodbye -i realized dsus justicewillbesoon 05/20/16 02:24:21 PM
#147742   And your point is.........? joelahr 05/20/16 02:08:13 PM
#147741   OPEN LETTER TO THE SHAREHOLDERS justicewillbesoon 05/20/16 01:18:04 PM
#147740   I'd be surprised. Although, that would be Mark921 05/19/16 10:47:50 AM
#147739   they should, that is what tax payer money pepeoil 05/17/16 09:11:51 PM
#147738   I wonder if the feds will roll up malc stone 05/17/16 01:24:35 PM
#147737   Peety ain't no Pirate. If he was, this work-n-hard 05/13/16 09:00:21 AM
#147736   No he is literally a super genius and EtoJ 05/12/16 06:52:41 PM
#147735   Thanks !!! So that is where the malc stone 05/12/16 06:49:58 PM
#147734   http://maritimematters.com/2012/08/crew-marooned-on-ocean-star-pacific/ Good ol EtoJ 05/12/16 06:38:59 PM
#147733   Really? Try to dig that up please. malc stone 05/12/16 06:32:19 PM
#147732   Is this recent information? malc stone 05/12/16 06:30:57 PM
#147731   This ain't his first rodeo. Check into EtoJ 05/12/16 06:06:38 PM
#147730   " Peter Villiotis – Director work-n-hard 05/12/16 09:13:23 AM
#147729   Do you mean a good hood winking ? pepeoil 05/12/16 07:28:03 AM
#147728   https://alasinternationalholdings.wordpress.com/redtide-defense-group-inc/ Look EtoJ 05/11/16 09:23:17 PM
#147727   THEY WANT THE NAME DRONE SERVICES USA -- justicewillbesoon 05/11/16 12:55:29 PM
#147725   LOL. The Phoenix UAS BOD all ABANDONED malc stone 05/11/16 12:37:46 PM
#147724   That's evidence they're a real company?? LOL !! Homebrew 05/11/16 11:12:55 AM
#147723   Our Mission: justicewillbesoon 05/11/16 10:20:08 AM
#147722   do you have verification ?-- getmoreshares 05/11/16 08:43:19 AM
#147721   The claim that the DSUS shell will be justicewillbesoon 05/11/16 07:11:22 AM
#147720   GET READY----THEY ARE COMING BACK justicewillbesoon 05/11/16 05:03:34 AM
#147719   Almost makes you think that the thing about work-n-hard 05/06/16 09:40:02 AM
#147718   It is quite amazing that DSUS was not malc stone 05/06/16 02:13:48 AM
#147717   Suspension/Halt — A regulatory authority work-n-hard 04/26/16 12:22:17 AM
#147716   No. The skull and cross bones on the tonyo524 04/25/16 07:12:48 PM
PostSubject