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Drone Services USA Inc. (DSUS)

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Last Post: 10/24/2016 11:07:33 PM - Followers: 700 - 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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#142091  Sticky Note I dont see where CMR has a "subcontractors malc stone 08/01/15 06:10:33 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
#147832   Is Peter back from Greece yet???? Lolzzzz..... AnG5640 09/20/16 12:35:07 AM
#147831   CMresearch hall of shame here. Yep, pepeoil 09/17/16 07:44:39 AM
#147830   Triple zeroes look to be coming quickly!Time for cjmeyer 09/16/16 03:29:12 PM
#147829   Another subbie SCAM cjmeyer 09/14/16 09:30:01 AM
#147828   This current inflated price is probably as good malc stone 09/14/16 08:59:57 AM
#147827   I'm still waiting for the pump that you described joelahr 09/14/16 07:03:06 AM
#147826   He says 8 million because DSUS owed at malc stone 09/13/16 11:36:01 PM
#147825   I agree with your thoughts, but I'm not joelahr 09/13/16 12:43:01 AM
#147824   UP UP & AWAY justicewillbesoon 09/12/16 03:28:13 PM
#147823   follow their THOUGHTS --DRONE SERVICES USA -- justicewillbesoon 09/12/16 11:44:31 AM
#147822   LOL. I think it was SEC. AS IN CHARGES ALREADY malc stone 09/12/16 11:21:20 AM
#147821   DID I HEAR SOMEONE SAY AMAZON?//////OR WAS IT BOEING????? justicewillbesoon 09/12/16 10:22:26 AM
#147820   is a big drone company ready to pick justicewillbesoon 09/12/16 10:18:56 AM
#147819   Still waiting for the pump.... I own plenty joelahr 09/12/16 10:14:51 AM
#147818   I've seen PPS spike a bit, there's been joelahr 09/10/16 12:14:58 PM
#147817   Should have dumped some into that pump a malc stone 09/09/16 10:00:57 PM
#147816   I still have PLENTY of shares..... joelahr 09/09/16 08:19:33 PM
#147815   Lol. Those BOD guys are gone for malc stone 09/09/16 06:04:09 PM
#147814   So they can scam us again Fireman451 09/09/16 04:21:11 PM
#147813   run on dsus coming this week--company to re-emerge justicewillbesoon 09/09/16 04:07:24 PM
#147812   IMO Pre-load BEFORE a PUMP. Look at the getmoreshares 09/06/16 07:05:12 PM
#147811   Peter Villoitis rung up on fraud charges. malc stone 09/06/16 06:58:07 PM
#147810   check the TRADE DATA!! Nothing is happening here. getmoreshares 09/06/16 05:06:22 PM
#147809   I suspect this fraud was pumped somewhere today. malc stone 09/06/16 04:59:50 PM
#147808   What's up with the action today? King Congo 09/06/16 12:08:18 PM
#147807   No kidding! Me too! Northernguy32 09/06/16 11:36:06 AM
#147806   Interesting volume joelahr 09/06/16 11:23:33 AM
#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