Fuse Science Inc (DROP)

[CaffeineDream]

The Sad, Sad Truth and Lies From Our Dear Leader

Things that have occurred in two weeks here
-Massive Dilution, along with huge increases to the O/S, and the float.
Please Note the fact that the O/S is going to be diluted into the float, as these shares are just shares that have been converted for those note holders.

-More BS from the company, the lackluster news, and also even the news that have come out, it has been nothing but fluff.

-The only news that they have released that is not really fluff, is the 8-K that increased the A/S. LOL

-Oh. Did I forget to mention that the Authorized Share count has been increased to 3 BILLION? I could've swore that I read somewhere that the CEO was done diluting shares. GUESS NOT!

Item 1.01 Entry into a Material Definitive Agreement.

On November 13, 2014, Fuse Science, Inc. (the “Company”) and Hudson Bay Master Fund, Ltd. (the “Holder”) entered into an Agreement whereby the Holder agreed to limit the conversion and exercise of the Company’s securities held by it to approximately 155,000,000 shares until such time as the Company receives shareholder approval to increase its authorized capital to 3,000,000,000 shares of common stock. The Holder beneficially owns a certain number of Series A Senior Convertible Notes, Series B Subordinated Notes, Series A Warrants, Series B Warrants and shares of the Company’s Preferred Stock which would require the Company to issue shares of common stock in excess of its authorized capital. The Company has agreed to file a preliminary proxy statement with the Securities and Exchange Commission seeking an approval of the increase in authorized capital on or prior to January 5, 2015.

8-K Relating to the increase of shares, and the hiring of another director, with a 7.5k signing bonus, and 6k a year. LOL! Where are they going to get this money? More dilutive shares as a compensation? Our Dear Leader Ezra must be on the right track here!
(http://ih.advfn.com/p.php?pid=nmona&article=64493648)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 13, 2014, the Company appointed Mr. David Rector to its board of directors.

Since 1985, Mr. Rector has been the principal of The David Stephen Group, which provides enterprise consulting services to emerging and developing companies in a variety of industries. In addition, since June 2014, Mr. Rector has served as a director of NaturalNano, Inc. In addition, he currently serves as the Chief Operating Officer and a director of MV Portfolios, Inc. (fka California Gold Corp.). He previously served as a member of California Gold Corp.’s Board of Directors from June 2007 through May 2012. Mr. Rector also has been a director of Sevion Technologies, Inc. (fka Senesco Technologies Inc.) since February 2002 and serves as the Chairman of its Compensation Committee. Additionally, since May of 2004, Mr. Rector has served as a director, Chairman of the compensation and member of the audit committee of DGSE Companies, Inc.

Previously Mr. Rector served as the CEO, President and a director of Vaporin, Inc. (formerly known as Valor Gold Corp.) from November 2012 through January 2014. From February 2012 through December 2012, Mr. Rector served as the Vice President - Finance & Administration of Pershing Gold Corp. From May 2011 through February 2012, Mr. Rector served as the President of Sagebrush Gold, Ltd. From October 2009 through August 2011, Mr. Rector served as President and CEO of Li3 Energy, Inc. From July 2009 through May 2011, Mr. Rector served as President and CEO of Nevada Gold Holdings, Inc. From September 2008 through November 2010, Mr. Rector served as President and CEO Universal Gold Mining Corp. From October 2007 through February 2013, Mr. Rector served as President and CEO of Standard Drilling, Inc.

In connection with his appointment, Mr. Rector received a $7,500 signing bonus and will receive $6,000 per month as compensation for his services. Mr. Rector is 67 years old.



Information on our Current CEO Ezra Green and our BoD Gelvin Stevensen

- These lot of thieves ran Clear Skies Solar, Inc to the GROUND. It is now a REVOKED ticker, with nothing left to show for it. Investors lost everything investing in the company that these two ran. Also Gelvin owns NO shares in $DROP, so he couldn't care less about the stock performance here. (http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10263747)

I mean, just look at where we've been in the last two weeks, since they had been elected and appointed our CEO and BoD.
From a high of .055 on just October 27th, to .0014 (with a low of .0012) , a STAGGERING decrease for any stock, scam or not, of 98% within just 3 small short weeks. These two buffoons are shown as nothing more than just scamming apes that rob from the investors.

I don't mean to be so crusty here, but I'm shocked at how these two are still able to run ANOTHER public company, after that whole fiasco. Tread carefully here boys, this is nothing more than a trade. I have my levels where I am watching, and where I may get in, but nothing more than a quick flip or a bounce. These levels also hold only our current circumstances, as in there is no further news. I will reevaluate when that time comes.



October 27th PR - http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10263778

Effective October 27, 2014, Brian Tuffin, Richard S. Hutchings, and Reginald Hollinger resigned as directors of Fuse Science, Inc. (the “Company”) and Ezra Green, the Company’s Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer, and Gelvin Stevenson were appointed as directors of the Company. Mr. Green was also appointed as Chairman of the Company’s Board of Directors, effective October 27, 2014.

Ezra Green , 52 . Mr. Green was appointed our Chief Executive Officer, Chief Financial Officer, Secretary, and Treasurer and has served in such role since the closing of the merger between the Company, the Company’s wholly-owned subsidiary and Spiral Energy Tech, Inc. on October 1, 2014. Mr. Green has served as the Chief Executive Officer, Chief Financial Officer, Treasurer and a director of Spiral Energy Tech, Inc. since April 25, 2013. Mr. Green has served as the Chief Executive Officer, Chief Financial Officer and Treasurer and a director of Northern Wind Energy Corp. since October 15, 2013, the President, Chief Executive Officer and sole director of Carbon 612 Corporation since September 2008 and the Chief Executive Officer and Chairman of Clear Skies Solar, Inc. since December 20, 2007. Ezra Green has been involved with renewable energy companies for thirteen years and founded Clear Skies Group, Inc. (Clear Skies Solar, Inc.’s operating subsidiary) in 2003. Prior to launching Clear Skies Group, Inc., Mr. Green was a successful entrepreneur and founded TAL Design & Construction in 1990, a general contracting firm. Mr. Green has 25 years of experience in the construction business, including those in which he led TAL Design & Construction to top rankings for excellence and customer satisfaction as stated in The Franklin Report. TAL Design & Construction consulted on interior design and performed high-end commercial and residential construction in New York City and Long Island. Mr. Green began his career as a software engineer and programmer. Mr. Green’s general business and management background qualify him to be a director of the Company .

Gelvin Stevenson , 69 . Dr. Stevenson was appointed as a director of Spiral Energy Tech, Inc. on October 3, 2013. Dr. Stevenson is an economist and has served as an Associate Professor of Environmental Economics at Pratt Institute since 2006. He has served as a director of Northern Wind Energy Corp. since October 15, 2013 and as a director of Clear Skies Solar, Inc. from 2007 through March 2012. Dr. Stevenson is the Managing Director of Greentech Investors Forum, which showcases emerging greentech companies at monthly forums, and consults for the clean energy industry. Dr. Stevenson has been an Investment Consultant to the Oneida Tribe of Indians of Wisconsin for over 15 years, and served as Director of Investment Responsibility for the NYC Comptroller's Office in 1992, when it managed over $40 billion in pension funds. Dr. Stevenson was Associate Economic and Corporate Finance Editor at Business Week magazine from 1977 to 1984, and his writings have appeared in the Business and the Real Estate Sections of the New York Times, New York Magazine and elsewhere. Dr. Stevenson formerly held a Series 7 securities license and is currently a Public Arbitrator for the Financial Industry Regulatory Authority (formerly NASD). Dr. Stevenson holds a Bachelor of Arts from Carleton College and both a Master of Arts and a Ph.D. from Washington University in St. Louis. Dr. Stevenson’s qualifications to be a director of the Company include his general business experience and experience in the renewable energy industry.