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Drone Services USA Inc. (DSUS)

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Last Post: 4/26/2016 12:22:17 AM - Followers: 714 - Board type: Free - Posts Today: 0


 

 

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
 

 
 





 

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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
#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
#147715   I believe you are correct about the skull pitboss22 04/22/16 03:38:03 PM
#147714   It has always been my understanding and from G&L only 04/22/16 01:53:29 PM
#147713   Hadnt seen any info this thorough before. Opened G&L only 04/22/16 01:48:31 PM
#147712   No. In fact their last communication was pitboss22 04/22/16 01:29:16 PM
#147711   Has DSUS filed anything in 2016? Have they Townie 04/22/16 12:52:36 PM
#147710   That could only be observed on 4-20. LOL! work-n-hard 04/21/16 07:57:11 PM
#147709   Help us a little more with the clue--could getmoreshares 04/21/16 05:04:47 PM
#147708   CLUE FOR ALL-----There is a solar system justicewillbesoon 04/21/16 02:06:06 PM
#147707   DSUS is now in business building up solar system rbtree 04/20/16 10:10:59 PM
#147706   ENOUGH WITH THE SOLAR BUSINESS--DSUS WILL BE UP justicewillbesoon 04/20/16 08:08:11 PM
#147704   Lol. Making stuff up now? malc stone 04/20/16 11:47:23 AM
#147703   DSUS is now in business building up solar benhor 04/19/16 09:34:27 PM
#147702   Would like to believe you--BUT-Where is the PROOF. getmoreshares 04/19/16 05:18:28 PM
#147701   The claim that the DSUS shell will be pitboss22 04/19/16 04:14:33 PM
#147700   LONG GONE WITH PETER AND OLD PROMISES-NEW BIG justicewillbesoon 04/19/16 01:32:38 PM
#147699   They going to pay the dividend? Fireman451 04/19/16 01:28:47 PM
#147698   DSUS ABOUT TO MAKE AMAZING MOVE BY INTERESTED justicewillbesoon 04/19/16 01:10:25 PM
#147696   Hi Malc, I'm not so sure that pitboss22 04/19/16 11:12:58 AM
#147695   As almost everyone has said, including you, "NO pitboss22 04/19/16 10:58:41 AM
#147694   I think we all agree there was no pitboss22 04/19/16 10:45:48 AM
#147693   The CEO and BOD didn't take it with pitboss22 04/19/16 10:32:31 AM
#147692   Exactly. Some deluded person may think he pitboss22 04/19/16 10:19:13 AM
#147691   SOMEONE IN WYOMING MUST BE IN LOVE WITH justicewillbesoon 04/19/16 09:15:56 AM
#147690   The Phoenix UAS guys abandoned DSUS and started malc stone 04/19/16 09:09:55 AM
#147689   nothing to do with dsus --all issues with PV justicewillbesoon 04/19/16 09:07:55 AM
#147687   I did watch and learn. All kinds malc stone 04/19/16 09:01:33 AM
#147686   watch and learn--its dsus"s time to blossom justicewillbesoon 04/19/16 08:57:01 AM
#147685   Phoenix UAS took their ball and went home, sorry. malc stone 04/19/16 08:24:02 AM
#147684   The sec complaint says otherwise. pepeoil 04/19/16 07:29:34 AM
#147683   NO MERGER - DSUS trading as a clean justicewillbesoon 04/19/16 06:24:37 AM
#147682   the NAME alone "DRONE SERVICES USA" is worth justicewillbesoon 04/19/16 06:17:22 AM
#147681   Why would anyone want to buy this shell? integral 04/19/16 04:26:08 AM
#147680   Now why would anyone want a controlling block malc stone 04/19/16 01:00:32 AM
#147679   No one in their right mind would take malc stone 04/19/16 12:54:33 AM
#147678   Nope, like I said, someone could buy the pitboss22 04/19/16 12:08:31 AM
#147677   CONTROLLING BLOCK WILL BE TAKEN justicewillbesoon 04/18/16 11:19:38 PM
#147676   Nope, the ENTIRE FLOAT of DSUS is not pitboss22 04/18/16 11:14:05 PM
#147675   Nope, that's just 100% PURE BULLSHIT! pitboss22 04/18/16 11:11:37 PM
#147674   EVERYTHING IS FOR SALE- INCLUDING CONTROLLING BLOCK AND justicewillbesoon 04/18/16 11:06:51 PM
#147673   Yup, the clause, "...the control block of preferred pitboss22 04/18/16 11:01:40 PM
#147672   controlling float has been bot for peanuts by justicewillbesoon 04/18/16 10:59:57 PM
#147671   Sorry, but that's BULLSHIT! pitboss22 04/18/16 10:53:36 PM
#147670   OPEN LETTER TO THE SHAREHOLDERS getmoreshares 04/18/16 10:10:23 PM
#147669   CEO and BOD still hold the majority interest justicewillbesoon 04/18/16 09:54:44 PM
#147668   LOL--yes-they sure are! getmoreshares 04/18/16 09:36:02 PM
#147667   I don't own shares I'll I'm saying is koldkash 04/18/16 09:03:29 PM
#147666   Have you called the co?? IMO a CE getmoreshares 04/18/16 09:01:53 PM
#147664   That's BULLSHIT! Phoenix UAS has nothing to pitboss22 04/18/16 08:47:10 PM
PostSubject