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Last Post: 2/6/2016 4:41:29 PM - Followers: 735 - 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
#147388  Sticky Note MS. RICE DSUS ATTY TO PUT NEW PRIVATE malc stone 12/06/15 07:17:16 PM
#146836  Sticky Note Recap of recent events..... pitboss22 11/16/15 02:16:40 PM
#142091  Sticky Note I dont see where CMR has a "subcontractors malc stone 08/01/15 06:10:33 PM
#147537   I think it's... Don 02/06/16 04:41:29 PM
#147536   What's the new address to send these certs ahall 02/06/16 03:35:24 PM
#147535   Not aware of any class action filed. malc stone 02/06/16 08:51:45 AM
#147534   .0001 soon! IMO getmoreshares 02/05/16 11:37:55 PM
#147533   How do I join the class action lawsuit? Northernguy32 02/05/16 10:12:07 AM
#147532   So what does that mean. Are they gonna Northernguy32 02/01/16 12:59:00 PM
#147531   If they take their drone business public into gitreal 01/27/16 10:47:55 PM
#147530   I doubt Joel Bedrow got the Wells Notice, malc stone 01/26/16 04:12:31 PM
#147529   IMO Joel is guilty of being a very Mark921 01/26/16 03:34:49 PM
#147528   NO BID coming shortly for this SCAM cjmeyer 01/26/16 02:35:44 PM
#147527   Nice they can give me my certs now lol Fireman451 01/24/16 10:21:51 PM
#147526   afraid the bod found out after deserting dsus justicewillbesoon 01/23/16 05:24:53 PM
#147525   Could it be Joel has no choice? pepeoil 01/23/16 08:53:53 AM
#147524   Yeah, I would. Not that I have gitreal 01/22/16 05:00:07 PM
#147522   Ill return when i get my certs lol Fireman451 01/22/16 01:52:53 PM
#147521   Why would anyone "return" to a stock that gitreal 01/22/16 01:22:42 PM
#147520   appears joel is having second thoughts --dsus might justicewillbesoon 01/22/16 12:50:32 PM
#147519   I never saw an announcement on this board, gitreal 01/22/16 12:16:52 AM
#147518   They may have had to split the Wells malc stone 01/21/16 11:45:16 PM
#147517   The only thing that really matters is this: gitreal 01/21/16 11:40:34 PM
#147516   Yup. The PVEC/DSUS scam will be back malc stone 01/20/16 06:07:08 PM
#147515   Moving towards a no Bid. Townie 01/19/16 03:56:25 PM
#147514   Scumbag cruise complete with Rice and Peter Wow there's steven11111 01/13/16 11:11:48 AM
#147513   OT: Look at a stock like IS_TC. $hellKing 01/13/16 10:01:28 AM
#147512   I agree 100%. malc stone 01/13/16 08:16:07 AM
#147511   They should of done their market research a $hellKing 01/13/16 06:59:34 AM
#147510   It is right up there. The malc stone 01/12/16 11:59:56 PM
#147509   That letter to shareholders has got to be $hellKing 01/12/16 11:27:33 PM
#147508   This SCAM was done months ago. cjmeyer 01/12/16 10:30:02 PM
#147507   Umm, the prior whole BOD of DSUS left malc stone 01/12/16 10:27:32 PM
#147506   Sadly, they make them like this every day Don. malc stone 01/12/16 10:25:16 PM
#147505   HAHA!I was thinking the same thing Malc! cjmeyer 01/12/16 10:23:56 PM
#147504   --------dsus alert---------------Phoenix UAS at Phoenix UAS Testing Ground. justicewillbesoon 01/12/16 09:21:07 PM
#147503   Don't make um like they used too... Don 01/12/16 12:38:14 PM
#147501   What is BNN? Bullshit News Network? This scam shell malc stone 01/12/16 10:43:30 AM
#147500   I heard that on BNN benhor 01/12/16 10:31:36 AM
#147499   Link please, supporting that Townie 01/12/16 10:27:21 AM
#147498   DSUS back in business again folks resuming operation. benhor 01/12/16 09:32:32 AM
#147497   https://www.facebook.com/phoenixuas?_rdr=p getmoreshares 01/10/16 06:05:18 PM
#147496   Took my loss--just like to keep an eye getmoreshares 01/07/16 07:27:08 PM
#147495   It is always proper to share opinions contrary malc stone 01/07/16 07:21:41 PM
#147494   Federal cases take an average of two years malc stone 01/07/16 07:20:45 PM
#147493   Have not seen any "legal action" yet--IMO--it will getmoreshares 01/07/16 07:09:26 PM
#147492   It does not matter--but we need to keep getmoreshares 01/07/16 07:02:07 PM
#147491   Oh Phoenix UAS, the company the BOD set malc stone 01/07/16 06:59:13 PM
#147490   Links: http://phoenix-uas.com/directors/ getmoreshares 01/07/16 06:55:58 PM
#147489   Can you link it please? malc stone 01/07/16 06:09:42 PM
#147488   FYI--new FB posts--but NOTHING at the web site. getmoreshares 01/07/16 05:11:52 PM
#147487   It will be no bid soon enough. Homebrew 01/04/16 04:47:07 PM
#147486   Buying at the ask is very risky IMO Townie 01/03/16 01:13:02 PM
PostSubject