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Drone Services USA Inc. (DSUS)

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Last Post: 6/23/2017 5:47:40 PM - Followers: 665 - 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
#142091  Sticky Note I dont see where CMR has a "subcontractors malc stone 08/01/15 06:10:33 PM
#147888   Well, they found a new Registered Agent. malc stone 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 !!!! malc stone 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..... malc stone 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 malc stone 03/14/17 07:17:22 PM
#147864   retrace! getmoreshares 03/08/17 06:06:16 PM
#147863   Dsus, volume today joelahr 03/07/17 04:09:56 PM
#147862   This baby is DONE! We can hope for getmoreshares 02/20/17 07:36:19 PM
#147861   The feds should have revoked this ticker when malc stone 02/20/17 05:19:17 PM
#147859   Defunct Company, Stock Continues to Trade riskreward007 01/27/17 11:06:31 AM
#147858   Couple of model airplanes!Some KoolAid and a story.All cjmeyer 01/09/17 02:55:14 PM
#147857   Wow DSUS UP by 48% benhor 01/05/17 12:24:24 PM
#147856   Maybe she can tell me what I can Buckeye00 01/04/17 09:40:12 PM
#147855   $11 coming....in a jiffy..set belts on for a rmpenstk 01/04/17 01:08:07 PM
#147854   Don't really care as she stays out of Mark921 01/04/17 12:01:03 PM
#147853   Lol nothing exists here. Nothing real ever did - malc stone 12/31/16 10:15:37 AM
#147852   Wonder what ever happened to Kerry Thacker G&L only 12/30/16 03:30:29 PM
#147851   last day to take losses---its all up from here----------12/30/2016 justicewillbesoon 12/30/16 11:36:44 AM
#147850   I don't think anyone wants the name or malc stone 11/22/16 08:25:53 PM
#147849   While technically on topic, I find these misdemeanor malc stone 11/07/16 10:18:12 AM
#147848   Maybe she got locked up for this? pepeoil 11/06/16 09:04:31 AM
#147847   RIP DSUS!The SCAM was great while it lasted. cjmeyer 10/27/16 03:37:59 PM
#147846   Maybe try Ellen Pao. Last I saw malc stone 10/24/16 11:07:33 PM
#147845   Still got my certs!!! Anyone have DD on ahall 10/24/16 11:02:52 PM
#147844   No one wants to pay 8 million for malc stone 10/20/16 05:41:25 PM
#147842   Just wanted to chime in about the $8mil MMA Coach 10/20/16 04:29:35 AM
#147841   I think we knew that years ago before pepeoil 10/17/16 07:49:06 AM
#147840   this drone is forever grounded justicewillbesoon 10/12/16 03:30:26 PM
#147839   Drones are new thing . Fireman451 09/24/16 05:09:02 PM
#147838   Hipefully someone byes this shell lol Fireman451 09/23/16 03:32:34 PM
#147836   The DRONE Economy makinezmoney 09/23/16 02:55:39 PM
#147835   UPS delivers first package via drone makinezmoney 09/23/16 10:40:27 AM
#147834   Sell to whom? And why? joelahr 09/22/16 05:09:00 PM
#147833   SELL madmanmartinwins 09/22/16 10:28:50 AM
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