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Drone Services USA Inc. (DSUS)

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Last Post: 8/7/2016 1:37:39 PM - Followers: 704 - Board type: Free - Posts Today: 0






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.....



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#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
#147804   Whoever is buying this can buy mine ... joelahr 08/05/16 10:24:05 PM
#147802   Then who is buying this. .. and why? joelahr 07/31/16 01:20:43 PM
#147801   NO--this is a bad play--DD is needed!!! getmoreshares 07/20/16 11:17:53 AM
#147800   I follow many companies that hover around .0001, joelahr 07/20/16 08:14:32 AM
#147799   Not GREY yet??? Thought it would have happened getmoreshares 07/19/16 06:40:19 PM
#147798   More scam sales with scam money. joelahr 07/14/16 07:05:40 PM
#147797   Probably so, just call Kerry or Jason, pepeoil 07/14/16 07:57:54 AM
#147796   Can I cash in my preferred c shared Buckeye00 07/13/16 10:12:58 AM
#147795   Hmmm. Someone keeps buying this scam. Usually joelahr 07/12/16 02:31:51 PM
#147793   Who cares. This was, is , and always rbtree 07/08/16 07:46:52 PM
#147792   More sales. .. small dollars, but follow joelahr 07/05/16 12:34:43 PM
#147791   Unlikely. DSUS? On what basis? All they have bucks2pennies 07/01/16 10:34:50 AM
#147790   Thanks for doing the math, but the joelahr 06/29/16 08:37:59 AM
#147789   $22.50 in trades today is following the money? malc stone 06/28/16 07:06:09 PM
#147788   Follow whatever you want. I follow the fraudsters. malc stone 06/28/16 04:38:22 PM
#147787   Follow the $. I've tried to say more, but...... joelahr 06/28/16 04:14:49 PM
#147785   What conjecture? What facts do you want, malc stone 06/26/16 11:50:29 AM
#147784   "Amazement" is not evidence. Nor joelahr 06/26/16 12:44:55 AM
#147783   DSUS has nothing. No patents. Nothing malc stone 06/25/16 06:25:33 PM
#147782   I disagree. These are odd number joelahr 06/25/16 04:12:35 PM
#147781   Some people will gamble on anything. Homebrew 06/23/16 09:39:01 PM
#147780   kids flipping for pennies and learning how to justicewillbesoon 06/17/16 02:24:50 PM
#147779   What's up with this? DSUS. Why joelahr 06/17/16 10:35:04 AM
#147777   volume starting before big upward move on the way justicewillbesoon 06/10/16 02:14:46 PM
#147774   Lol. 387 shares. malc stone 06/08/16 03:06:10 PM
#147773   here comes the big move &away we go justicewillbesoon 06/08/16 03:00:42 PM
#147772   Getting there: integral 06/07/16 06:43:49 AM
#147771   DSUS: Caveat Emptor integral 06/07/16 06:42:58 AM
#147770   BACK UP---SORRY BACK UP justicewillbesoon 06/06/16 09:06:54 AM
#147769   otc removes dsus from site NO LONGER justicewillbesoon 06/06/16 09:05:12 AM
#147768 joelahr 06/02/16 07:01:23 AM
#147767   hurry before its too late-----its a beautiful thing justicewillbesoon 05/26/16 11:20:37 AM
#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