SureTrader
Interactive Brokers Advertisement
Home > Boards > US OTC > Basic Materials >

Drone Services USA Inc. (DSUS)

DSUS RSS Feed
Add DSUS Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 11/24/2017 3:18:01 PM - Followers: 658 - 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
 

 
 





 

Daily Chart - 3 Months


 

 



 

 

SureTrader
Interactive Brokers Advertisement
DSUS
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PostSubject
#147919   Hello Cassandra, do you ever post on Justin 11/24/17 03:18:00 PM
#147918   OH YES-- I remember! there was a small getmoreshares 10/20/17 12:11:19 PM
#147917   No one is buying this fraud shell if Huggy Bear 10/19/17 10:39:24 PM
#147916   DEAD-- there was some action on a speculative getmoreshares 10/19/17 06:24:11 PM
#147915   Any updates on this ? Dcab 10/19/17 11:33:32 AM
#147914   $80 bucks-- single trade getmoreshares 10/10/17 12:22:53 PM
#147913   Wow... Another fat finger ... joelahr 10/09/17 10:23:48 PM
#147911   More fraud. Huggy Bear 10/06/17 01:33:10 PM
#147910   Any ideas on what is coming? Dcab 10/06/17 08:52:34 AM
#147909   There is no dsus anymore just someone trying G&L only 10/05/17 08:18:52 PM
#147908   Been watching! getmoreshares 10/05/17 06:49:02 PM
#147907   Just watch $DSUS benhor 10/05/17 06:47:16 PM
#147906   WHY??? getmoreshares 10/05/17 06:44:41 PM
#147905   DSUS getting ready to breakout $DSUS benhor 10/05/17 06:42:50 PM
#147904   not today-- someone wanted those shares- multiple trades! getmoreshares 10/05/17 05:13:19 PM
#147903   Another fat finger day. joelahr 10/05/17 04:29:08 PM
#147902   UP 50% today 600,000 shares traded? NVSOS Dcab 10/05/17 01:00:28 PM
#147899   most likely a P&D or a fat finger getmoreshares 09/23/17 04:33:35 PM
#147898   Someone is buying!!! King Congo 09/22/17 05:36:19 PM
#147897   Thanks Dcab 07/20/17 08:52:54 PM
#147896   No idea. Read some of the legacy joelahr 07/20/17 07:33:39 PM
#147895   Is this a RM play? Dcab 07/20/17 07:31:22 PM
#147894   Yeah I can read volume too, What's your joelahr 07/14/17 01:03:50 PM
#147893   Some powerful inside buying....lol Big_Mullet 07/14/17 12:53:54 PM
#147892   What's with the action today?? She is alive!!! King Congo 07/10/17 05:10:46 PM
#147891   Insider buying, obviously. .. joelahr 07/10/17 01:56:49 PM
#147890   I really don't know a thing at this work-n-hard 07/03/17 09:35:13 AM
#147889   Are PVEC certificates in this lawsuit? ahall 07/03/17 09:32:45 AM
#147888   Well, they found a new Registered Agent. Huggy Bear 06/23/17 05:47:40 PM
#147887   be very careful here--this history is terrible!!! getmoreshares 06/23/17 09:16:40 AM
#147885   !! Nv filing!! DSUS-- will they try again? getmoreshares 06/22/17 10:01:03 PM
#147883   Whats the current share structure? otheridiot 06/22/17 11:09:54 AM
#147882   I must have been left off of the work-n-hard 06/14/17 08:29:30 AM
#147881   I see some action today what's going on?? King Congo 06/13/17 10:54:16 AM
#147880   Interesting. Too bad everyone sold. joelahr 06/13/17 10:40:34 AM
#147879   NEW UPDATE LAST NIGHT:: dblock110 06/13/17 10:37:49 AM
#147878   No. It's indebted and dead....but someone is joelahr 06/04/17 10:04:18 AM
#147877   IS THIS STOCK A PUMP & DUMP SCAM? laplova 05/25/17 03:52:27 PM
#147876   Lol !!!! Have at it !!!! Huggy Bear 05/24/17 06:27:41 PM
#147875   Time to buy here. .. joelahr 05/24/17 06:15:44 PM
#147874   Yeah, it is on a real tear lately..... Huggy Bear 03/29/17 02:31:29 AM
#147873   DSUS LEVEL II benhor 03/28/17 02:04:46 PM
#147872   DSUS @ $1.00+ PPS end of this year $DSUS benhor 03/28/17 02:02:27 PM
#147871   DSUS lot's of bid support $DSUS benhor 03/28/17 02:01:03 PM
#147870   DSUS is moving up again $$$$$ $DSUS benhor 03/28/17 01:52:54 PM
#147869   nothing is random.... joelahr 03/21/17 05:08:29 PM
#147868   Drone Services USA have purchased the PVEC without lairbuster 03/18/17 04:13:13 AM
#147866   no idea-- some P&D occasionally-- someone trying to getmoreshares 03/14/17 10:25:14 PM
#147865   This garbage seems to get some random buying Huggy Bear 03/14/17 07:17:22 PM
#147864   retrace! getmoreshares 03/08/17 06:06:16 PM
PostSubject