Drone Services USA Inc. (DSUS)

[pitboss22]

Recap of recent events.....

From Cassandra -

There was no reverse merger with a private company as was falsely claimed in the beginning. The current officers and directors could simply resign and walk away.

The PR issued by Drone Services USA (DSUS) on 11/11/15 adds credence to the expectation I have had since the bogus "FINRA-approved reverse merger" was first announced that it would eventually unwind as did all of the earlier mergers Peter Villiotis announced during the PVEC and VDSC era.

The Veteran's Day PR no longer makes the false claim that there was a reverse merger, but simply states the current officers and directors were "appointed to the board" which I said early on was all that appeared to have happened, along with a name/symbol change, reverse split and new story.

Peter Villiotis and Kerry Thacker may not have made full disclosure to the guys who took over the shell, but they have put out a lot of PRs and other content on the Internet with false and misleading information in their own right. Joel Bredow signed an attestation as to the accuracy of the financial and disclosure statements for QE 3/31/15 published by the company on the OTC Markets website. Bredow now claims they "are materially incorrect and should not be relied upon."

Bredow and the rest of the BOD expect people to believe that have just now discovered that those obviously bogus financials weren't accurate??? REALLY??? Just now???

Mike Elliott, who is supposedly the COO, VP and a member of the BOD of already shows his positions with DSUS to be "previous" on his Linked-In profile, ending in this month:
https://www.linkedin.com/in/mike-elliott-84b21b10

Elliott is also the "owner" of Drone Services Hawaii along with DSUS Director George Purdy. Both Elliott and Purdy have allowed their privately-owned company to be falsely represented as a "subsidiary" of DSUS.

It is my recollection that when I last looked at Anthony Littman's Linked-In profile, he listed being on the BOD of Drone Services USA. His profile no longer mentions the company. I do believe him to be perhaps the only innocent member of the BOD. It's my impression that he was not directly involved and may have naively allowed his name and reputation to be used.
https://www.linkedin.com/in/anthony-littmann-794416102

Kevin Haley is no longer shown on the company's website or OTC Markets as being and officer or director of the company.
https://www.linkedin.com/in/kevin-haley-b1963379

Below are the Linked-In profiles of some of the other officers, directors and a consultant (Jeffrey B. Kendall) who has always been listed on the DSUS website along the directors and officers and was recently added to the DSUS profile on OTC Markets after Melissa Rice was removed.

https://www.linkedin.com/in/joel-bredow-1a611786
https://www.linkedin.com/in/euan-ramsay-3a529a15
https://www.linkedin.com/in/george-purdy-63347837
https://www.linkedin.com/in/solomon-nieves-954624a0
https://www.linkedin.com/in/solomon-nieves-30257a85
https://www.linkedin.com/in/joshua-terry-934a8375
https://www.linkedin.com/in/jeffreykendall1

It looks like the truth may finally start to come out as to what really happened with this debacle, which will be an interesting saga. Was Kerry Thacker really the savior of PVEC then DSUS shareholders?

What I want to know is who was selling the substantial volume after the reverse merger for the extraordinarily long period when new shares had not yet been issued to brokerages to replace the old shares. Who had all of those free-trading shares to dump without competition? I certainly have my suspicions, but I hope it is all revealed.

It does look like there is good reason for regulatory review and possible enforcement actions.


Then there's this bit of CYA from the company itself.....

FENTON, MI, November 11, 2015 - Drone Services USA, Inc., (OTC Markets: DSUS), (the “Company”), is winding up its internal investigation discussed in the September 24, 2015 press release, within the next few days. As instructed, counsel and management reviewed disclosures and transactions which occurred when the members of the Board of Directors were first introduced to former management, and eventually appointed to the board. The discoveries from this limited period of time, led the BOD to broaden the scope of the investigation, in particular to money that was owed by the Company. Of important note, the Board has determined the last posted financials, are materially incorrect and should not be relied upon.

Initially, unknown individuals and companies began making demands for payment and when researched the BOD was told the Company absolutely did not owe any of this money. The BOD became increasingly concerned when these demands were further accompanied by documentation. Still, the denials held firm.

Each of these demands contained information that was not disclosed to any of the current board members, when they were asked to serve.

Management and the Board believe the information discovered is valid and should be disclosed as soon as practical. There can be no prediction on what decisions or demands creditors may make going forward, or what the ultimate effect to and disposition of the Company may be.

The Company will continue to explore options to address these concerns and will endeavor to keep stakeholders (notice they did NOT say "shareholders") advised.

As a reminder, these findings are currently material, non-public information, as such there will be no information given over the phone, email, text, or any forms of social media/messaging, such as Facebook, Twitter, etc. The Company understands shareholders must have many unanswered questions. Nevertheless, due to the sensitive nature of the findings, shareholders will have to be patient until the information is released publically.