OPEN LETTER TO THE SHAREHOLDERS
OF DRONE SERVICES USA, INC ATT. this debt is to much for anyone to overcome---WITH REGRET JOEL BREDOW
It is with deep regret, that we the Board of Directors, unanimo
usly, must deliver our resignations
effective as of November 13, 2015. After completion of an inter
nal investigation, the Board of Directors
has determined that the extent of the misrepresentation regardi
ng the Issuer’s financial position and its
corporate actions, are so material as to void the transaction t
hat led to each member of the Board accepting
their position.
The Board has determined that (a) material liabilities of the I
ssuer were concealed from the Board
members; (b) no reverse merger actually occurred; (c) significa
nt 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 informa
tion has caused the Board to declare tha
t 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 tec
hnology or operations is termina
ted, effectively immediately.
Before PV Enterprises International, Inc. (“PVE”) changed its n
ame to Drone Services USA,
Inc. (“DSUS”), an independent contractor, who had worked with P
VE previously, joined the company as a
consultant and took on the respon
sibility of helping the direct
ors and new management understand the
requirements in a public company, alluding to indescribable kno
wledge that they would be able to rely
on over the first years.
It has become abundantly clear tha
t we have no choice but to re
sign all of our positions, as
officers, and directors, because t
his consultant, with the aide
of others, intentionally
mislead the Board
and did not provide material information prior to its members a
greeing to undertake
these positions and
bring their business to the Issuer. These items include, but ar
e 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 d
iscovered so far. It is the Boards
position that the market should n
ot rely on any financial state
ments published by the company since at
least October 2007 when the c
ompany filed Form 15-12B.
-Undisclosed regulatory inquiries of a material nature have bee
n discovered, including a Wells
notice.
- A declaration of a dividend using a Preferred C, that was spe
cifically designed for the “nice”
shareholders, causing a discrimi
natory situation. The Board h
as 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 yea
rs ago, resulting in double
payment to these subcontractors,
using free trading shares, eve
n though the origina
l issuances were
easily traced, and most still in restricted certificate form.
-A press release indicating a reverse merger had taken place, w
hen in fact, no such transaction
was completed.
-Inability to rely on the financial information provided, inclu
ding failure to disclose liabilities
and over-stating assets (or in some cases we believe fraudulent
ly claiming assets which do not exist).
-Inability to obtain line by line company financial information
, to assist in determining
