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IVAP will never come out of suspension. The only way you will find more information is if there is litigation, as the SEC will not hinder their case by releasing information. Since this scam did not have a high dollar value, it is likely the efforts won't be made to pursue anything further, and IVAP will be just left to rot.
That told me absolutely nothing - and is also months old...
I am waiting to see facts - not reasons why it was suspended. Everyone knows that already.
I am curious as to what the outcome will be - not if they are still suspended...
I want to read detail for detail what happened - what is the truth vs BS...
SEC only states why it was suspended and states it has questions as to validity...not what has been discovered.
Here's something in writing....
The SEC investigated and suspended, shouldn't be confusing.
http://www.otcmarkets.com/stock/IVAP/news?id=82242
ZERO VOLUME. Oh yeah, so much going on here. LOL
I want to see something in writing when the SEC finishes up their investigation.
Wow Mellow.....sounds like this is still not over.......
So, my question is, why wouldn't any of the companies involved or who owned the land come forth and put out a PR or start filing a suit?
None of this still makes any kind of sense.
I hear ya! Just bored and started thinking is all.
Sorry mellow but got to give it a rest. This no longer trades its done.
The mineral claims #'s are different then DNAP claims on the property of the Montauban Gold Tailings. I don't believe that this land is owned by DNAP. Whether the claims are genuine is another question.
NTN 10Q Request for an extension of time for filing 3 06/18/2014
10-Q Quarterly report with a continuing view of a company's financial position 30 04/01/2014
8-K Report of unscheduled material events or corporate changes. 8 03/21/2014
NT 10-Q Notification that form 10-Q will be submitted late 3 03/17/2014
10-K Annual report with a comprehensive overview of the company 60 02/13/2014
NT 10-K Notification that form 10-K will be submitted late 3 01/29/2014
DEF 14C All other definitive information statements 9 01/06/2014
PRER14C Information statements. Revised preliminary material 9 12/12/2013
PRE 14C Preliminary proxy statement containing all other information 9 12/11/2013
8-K Report of unscheduled material events or corporate changes. 13 11/26/2013
8-K/A Amendment to a previously filed 8-K 5 11/19/2013
8-K Report of unscheduled material events or corporate changes. 6 10/21/2013
10-K/A Amendment to a previously filed 10-K 6 10/08/2013
10-Q Quarterly report with a continuing view of a company's financial position 30 09/16/2013
10-Q/A Amendment to a previously filed 10-Q 6 09/04/2013
Found them just had to go to another website other then IHUB:
Montauban Gold Tailings
On November 21, 2013, we entered into an Asset Purchase Agreement with Jervis Explorations, Inc. whereby the Company purchased a 100% interest in various mineral claims referred to as “Montauban Gold Tailings” from the then current property holder Jervis Explorations Inc. (“Jervis”). The mineral claims consist of 8 separate titles as follows: CDC2336196, CDC2336197, CDC2336198, CDC2336199, CDC2336200, CDC2336201, CDC2336202, and CDC2336203. Jervis staked the property in March 2012 after Excel Mining, Inc. (“EMG”) abandoned their claim in 2011. EMG staked the claim in 2009 after a lapse of 20 years.
You mean they disappeared just like the promoters who promised daily they were going to crush shorts.
They disappeared just like duss..
Were did the SEC documents go showing the purchase of the property?
Fact mellow DNAP owns that property. This had failure written on it from its inception gosh those cloth designs were ugly.
The real truth can have a huge impact on investors and merger players alike, no matter how cheesy it sounds.
Yes I do and thanks.
The best anyone can do is learn from experience. The SEC explains how they operate on their website. They do not share information at the risk of compromising their investigations.
More often than not, when you see warnings from other investors, they are valid. Consider it a public service and investigate both sides before discounting anything. Always confirm DD, refuse to have it spoon fed to you, iboxes are useless and contrived.
Finally, take note of the loudest promoters who always blame mythical forces like naked shorts or air shares. They always seem to be around for the runs and quietly vanish unscathed when everything falls apart. I think you understand.
you would think the SEC could of told investors that the land purchased was the fraud and never happened and this was the reason they shut this pig down.
This should be deleted from the sticky too: On November 21, 2013, Dussault Apparel, Inc. (the “Company”) entered into an Asset Purchase Agreement with Jervis Explorations, Inc. whereby the Company agreed to purchase various mineral claims referred to as “Montauban Gold Tailings” in exchange for 400,000,000 shares of the Company to be issued from Treasury (the “Agreement”). The purchase will be subject to a 3% royalty payment made by the Company to Jervis Exploration, Inc. Per the terms of the Agreement, "3% Net Smelter Returns" means 3% of the net amount of money received by the Purchaser for its own account from the sale of ore, or ore concentrates or other mineral products from the Claims to a smelter or other mineral products buyer after deduction of smelter and/or refining charges, ore treatment charges, penalties and any and all charges made by the purchaser of ore, concentrates, or other mineral products, less any and all transportation costs which may be incurred in connection with the transportation of ore or concentrates, less all umpire charges which the purchaser may be required to pay. The name change is a strategic decision and is intended to have the Company’s name better reflect the product and business of the Company. It is the belief of the Board and of the voting shareholders that the name “Prospect Ventures, Inc.” better represents the underlying products and services to be offered by the Company. In addition, it is the belief of the Board and the consenting shareholders that a reverse split of the common stock will make the Company more attractive to capital investors.
That's the funny that about fraudulent filings, they get deleted.
For some reason I can't find the filings where they purchased the land anymore. Like they just disappeared from the filings. I guess once the SEC shut this down they deleted the filings of the purchase of land. Maybe I'm not looking in the right place. Oh well I guess I was wrong. Once a scam always a scam! If anyone can find this info please post.
Wow, I'm speechless!
Yes I agree they were suspended. But I believe they own that land. Show me proof that they fabricated the purchase of that piece of land. Look I'm not holding, well I have 1 share for some reason but I don't believe they lied about the property they purchased just the BOD and CEO and fraudulent R/S etc. Call me crazy but my gut says they own that property. All IMO of course
LMAO! You must be joking. IVAP was suspended because they lied about everything, the company owns nothing.
IMO those still holding have a chance of making some money back. I believe this property will eventually be bought up from DNAP. They do own most of the land in the area!
Hmmmm, good question. Anyone who held through the RS announcement, or did clearly not understand what happened; lost.
you don't know what I lost or didn't lose......you only know what I post
Hahaha yeah. An email to otcmarkets got the SEC to suspend IVAP. LMAO!
Emails and complaints to the SEC were going out for years on this. They likely started investigating based on info they received from people who told the rest of you it would get suspended. Those who had deer caught in the headlights syndrome when the RS was announced did not get this suspended.
Who's email was the last email that got this shut down?
I will give you two clues.
First clue: T
Second clue: Money
LOL. Talk the Talk..,,
That's exactly why you lost.
true is 95+% of pinkies never make it! Period...I don't care who is behind it.....
Agreed 100 percent. Guys like gramps and that idiot Philly cheese. Freaking crooks. If I ever saw that guy at a gas station or something like that in my neighborhood I would pulverize him street style that would be his worst but whipping he ever had. Lol
Luckily in the case of DUSS, the moment Natalie joined, anyone with over a double digit IQ and an Internet connection could see it was a scam. People had over a year to get out, everything Natalie touched in the past was a scam or failure.
The real crooks in this case were the ones who acted like people's peers on here convincing others that reality was not what it was.
Everyone knows that there are promoters. I get them every day by email. Most of them get paid to promote a stock. But in Duss's case these promoters committed fraud by taken over the company and inserting a ghost CEO. Falsifying SEC documents, etc. I'm not saying a scamming promoter is ok by no means just that there are different degree's and in DUSS's case they were inside and hands on IMO.
Say what? Run that one by us again.
"There are promoters that don't commit fraud while scamming and ......"
So scamming without fraud is different and ok?
Promoting a stock and scamming people with fraud while promoting it isn't the same either. There are promoters that don't commit fraud while scamming and there are promoters that commit fraud while scamming. In DUSS case there was fraud and that's the hard thing to swallow.
Dumb money getting caught up in a scam isn't the same as promoting it IMO.
Getting dangerous around here.
I like it!
Include me in. Thanks
I like to hear the real truth...
I didn't know about Jason but prob brothers. I'll let you know what I find
What's the relation to Jason? Sure wish you showed up a yr. ago would of saved me a lot of money.
TMoney - I'm just as curious as everyone else as to what is actually going to happen here.....
Very strange.....Still no word - nothing...
Agreed, and that's the real truth.
LOOK to your PC for the answers!
No. I do not skype or twitter. Any other suggestions? Thanks
You don't know how to contact Rob? Try Skype, he's also pretty active on Twitter.
I do not know how to contact him. Since you are on a first name basis let me know. Thanks!
IVAP still grey? TIA
See if Robert Ross is up for calling Alberto again. As far as I know, he's the only one who has experience talking to ghosts.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14C INFORMATION Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934 Check the appropriate box: [X] Preliminary Information Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d) (2)) [ ] Definitive Information Statement DUSSAULT APPAREL, INC. (Name of Registrant as Specified in Its Charter) Payment of Filing Fee (check the appropriate box): [X] No fee required [ ] Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________ [ ] Fee paid previously with preliminary materials.
__________________________________________________________________
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DUSSAULT APPAREL, INC. # 98 50 Carrera 73 Medellin, Medellin, Colombia INFORMATION STATEMENT WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY Dear Stockholders: This information statement (“Information Statement”) is being furnished to holders of record of the common stock, par value $0.001 per share (the “Common Stock”), at the close of business on December 9, 2013 of Dussault Apparel, Inc., a Nevada corporation (the “Company”), with respect to certain corporate actions of the Company. This Information Statement is first being mailed or furnished to the stockholders of the Company on or about December 22, 2013. The purpose of this Information Statement is to notify stockholders of the Company that, on December 9, 2013, the Company received a written consent in lieu of a meeting of stockholders from the holder of 400,000,000 shares of Common Stock (representing 53.1% of the issued and outstanding shares of Common Stock). The written consent adopted resolutions approving an amendment to the Company’s articles of incorporation changing the name of the Company from Dussault Apparel, Inc. to “Prospect Ventures, Inc.” In addition, the shareholders approved a reverse stock split at a ratio of 800:1. ONLY THE STOCKHOLDERS OF RECORD AT THE CLOSE OF BUSINESS ON DECEMBER 9, 2013 ARE ENTITLED TO NOTICE OF THE CORPORATE ACTION. STOCKHOLDERS WHO HOLD IN EXCESS OF 50% OF THE COMPANY’S SHARES OF VOTING CAPITAL STOCK ENTITLED TO VOTE ON THE ACTION HAVE VOTED IN FAVOR OF THE ACTION. AS A RESULT, THE ACTION HAS BEEN APPROVED WITHOUT THE AFFIRMATIVE VOTE OF ANY OTHER STOCKHOLDERS OF THE COMPANY. THIS ACTION IS EXPECTED TO BE EFFECTIVE ON A DATE THAT IS AT LEAST 20 DAYS AFTER THE MAILING OF THIS INFORMATION STATEMENT. The Company’s board of directors is not soliciting your proxy. This Information Statement is being furnished to you solely for the purpose of informing stockholders of the matters described herein in compliance with Regulation 14C of the Securities Exchange Act of 1934, as amended. The Company has asked brokers and other custodians, nominees and fiduciaries to forward this Information Statement to the beneficial owners of the Common Stock held of record by such persons and will reimburse such persons for out-of-pocket expenses incurred in forwarding such material. BY ORDER OF THE BOARD OF DIRECTORS /s/ Alberto Barrientos Alberto Barrientos President December 11, 2013 DUSSAULT APPAREL, INC. # 98 50 Carrera 73 Medellin, Medellin, Colombia INFORMATION STATEMENT This information statement (“Information Statement”) is being furnished to holders of record of the common stock, par value $0.001 per share (the “Common Stock”), at the close of business on December 9, 2013 of Dussault Apparel, Inc., a Nevada corporation (the “Company”), with respect to certain corporate actions of the Company. This Information Statement is first being mailed or furnished to the stockholders of the Company on or about December 22, 2013. ABOUT THIS INFORMATION STATEMENT What is the purpose of this Information Statement? This Information Statement is being provided pursuant to Section 14 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to notify stockholders of the Company, as of the close of business on December 9, 2013 (the “Record Date”), of the corporate actions expected to be taken pursuant to the written consent of a principal stockholder of the Company. A holder of the Company’s Common Stock has approved an amendment to the Company’s articles of incorporation to change the name of the Company to Prospect Ventures, Inc. and the to implement a reverse stock split at a ratio of 800:1 (the “Action”). In order to eliminate the costs and management time involve in holding a special meeting, and in order to effect the corporate action as soon as possible, the Company decided to proceed with the corporate action by obtaining the written consent of a stockholder holding a majority of the voting power of the Company, in accordance with Nevada Law. Who is entitled to notice? All holders of shares of Common Stock of record on the close of business on the Record Date are entitled to notice of the Action. On what corporate matters did the principal stockholders vote? A total of 1 holders, who hold 53.1% of the total issued and outstanding voting capital stock of the Company on the Record Date, holds a majority of the issued and outstanding voting capital stock required to vote on the Action. The stockholder has voted for the following:
What vote is required to approve the Action? In order to amend the articles of incorporation of the Company to change the name of the Company, the affirmative vote of a majority of the voting capital stock is required. On December 9, 2013, 1 stockholder of the Company voted in favor of the Action. Under NRS 78.320, as amended, of the State of Nevada, and in accordance with the Bylaws of the Company, all activities requiring stockholder approval may be taken by obtaining the written consent and approval of more than 50% of the holders of voting stock in lieu of a meeting of the stockholders. Because the total of 1 shareholder are entitled to cast a vote representing 400,000,000 shares of Common Stock (which shares are equal to 53.1% of the total issued and outstanding voting capital stock of the Company on the Record Date), no action by the minority stockholders in connection with the Action is required. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth certain information, as of the Record Date, with respect to the beneficial ownership of the outstanding common stock by (i) any holder of more than five percent, (ii) each of the Company’s executive officers, directors and director designees, and (iii) the Company’s executive officers, directors and director designees as a group.
ACTION AMENDMENT TO THE ARTICLES OF INCORPORATION OF THE COMPANY TO INCREASE THE AUTHORIZED NUMBER OF COMMON SHARES AND CHANGE THE NAME OF THE COMPANY TO PROSPECT VENTURES, INC. On December 9, 2013, the Company’s board of directors adopted a resolution declaring it advisable to amend the Company’s articles of incorporation to change the name of the Company to Prospect Ventures, Inc. and to approve a reverse stock split of the common capital stock of the Company at a ratio of 800:1. On December 9, 2013, the Company received a written consent in lieu of a meeting of stockholders from 1 holders of 400,000,000 shares of Common Stock (representing 53.1% of the issued and outstanding shares of Common Stock) approving the Action. A copy of the Articles of Amendment are attached as Appendix A hereto. Purpose of the Action On November 21, 2013, Dussault Apparel, Inc. (the “Company”) entered into an Asset Purchase Agreement with Jervis Explorations, Inc. whereby the Company agreed to purchase various mineral claims referred to as “Montauban Gold Tailings” in exchange for 400,000,000 shares of the Company to be issued from Treasury (the “Agreement”). The purchase will be subject to a 3% royalty payment made by the Company to Jervis Exploration, Inc. Per the terms of the Agreement, "3% Net Smelter Returns" means 3% of the net amount of money received by the Purchaser for its own account from the sale of ore, or ore concentrates or other mineral products from the Claims to a smelter or other mineral products buyer after deduction of smelter and/or refining charges, ore treatment charges, penalties and any and all charges made by the purchaser of ore, concentrates, or other mineral products, less any and all transportation costs which may be incurred in connection with the transportation of ore or concentrates, less all umpire charges which the purchaser may be required to pay. The name change is a strategic decision and is intended to have the Company’s name better reflect the product and business of the Company. It is the belief of the Board and of the voting shareholders that the name “Prospect Ventures, Inc.” better represents the underlying products and services to be offered by the Company. In addition, it is the belief of the Board and the consenting shareholders that a reverse split of the common stock will make the Company more attractive to capital investors. In consideration of the new direction of the Company, the Board of Directors recommends that the Company to change the name to “Prospect Ventures, Inc.” and to implement a reverse stock split of the common capital stock of the Company at a ratio of 800:1. Effective Date of the Amendment The Articles of Amendment of the Company will become effective upon the filing of the certificate of amendment to the Company’s articles of incorporation with Secretary of State of the State of Nevada and approval by FINRA. Pursuant to Rule 14c-2 under the Exchange Act, the foregoing Action may not become effective until a date that is at least 20 days after the date on which this Information Statement has been mailed to the stockholders of the Company. Dilution and Effect of Action on Shareholder Rights The general effect upon the rights of the existing security holders as a result of the reverse split is an overall dilution of the Company’s stock and the inherent effects that increasing the Company’s outstanding common stock has on shareholder value based on the dilutive impact of the additional authorized shares. The Company has no specific plans to issue shares of common stock beyond the Closing of the Agreement referenced herein. However, the reverse split of our common stock and the subsequent issuance of such shares could have the effect of delaying or preventing a change in control of our company without further action by the shareholders. Shares of authorized and unissued common stock could be issued (within limits imposed by applicable law) in one or more transactions. Any such issuance of additional stock could have the effect of 5 diluting the earnings per share and book value per share of outstanding shares of common stock, and such additional shares could be used to dilute the stock ownership or voting rights of a person seeking to obtain control of the Company. If the Board of Directors deems it to be in the best interests of the Company and the stockholders of the Company to issue additional shares of common stock in the future from authorized shares, the Board of Directors generally will not seek further authorization by vote of the Stockholders, unless such authorization is otherwise required by law or regulations. Dissenters’ Right of Appraisal Under Nevada law and the Company’s articles of incorporation and bylaws, no stockholder has any right to dissent to the reverse split, and no stockholder is entitled to appraisal of or payment for their shares of Common Stock pursuant to the Action. No Meeting of Stockholders Required The Company is not soliciting any votes with regard to the Action. The principal stockholders that have consented to the Action hold a majority of the total issued and outstanding shares of voting capital stock and, accordingly, such principal stockholders have sufficient shares to approve the Action. TRANSACTIONS WITH RELATED PERSONS, PROMOTERS AND CERTAIN CONTROL PERSONS The Agreement, signed by the Company on November 21, 2013 was countersigned by Jervis Exploration, Inc. who is the controlling and voting shareholder approving this Action. PROPOSALS BY SECURITY HOLDERS No security holder has requested the Company to include any additional proposals in this Information Statement. INTEREST OF CERTAIN PERSONS IN OR OPPOSITION TO MATTERS TO BE ACTED UPON No officer, director or director nominee of the Company has any substantial interest in the matters to be acted upon, other than his role as an officer, director or director nominee of the Company. No director of the Company has informed the Company that he intends to oppose the proposed actions to be taken by the Company as set forth in this Information Statement. ADDITIONAL INFORMATION The Company files reports with the Securities and Exchange Commission (the “SEC”). These reports include annual and quarterly reports, as well as other information the Company is required to file pursuant to securities laws. You may read and copy materials the Company files with the SEC at the SEC’s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC at http://www.sec.gov. DELIVERY OF DOCUMENTS TO SECURITY HOLDERS SHARING AN ADDRESS Only one Information Statement is being delivered to multiple security holders sharing an address unless the Company received contrary instructions from one or more of the security holders. The Company shall deliver promptly, upon written or oral request, a separate copy of the Information Statement to a security holder at a shared address to which a single copy of the document was delivered. A security holder can notify the Company that the security holder wishes to receive a separate copy of the Information Statement by sending a written request to the Company at # 98 50 Carrera 73 Medellin, Medellin, Colombia. A security holder may utilize the same address and telephone number to request either separate copies or a single copy for a single address for all future information statements, proxy statements and annual reports. . BY ORDER OF THE BOARD OF DIRECTORS By: /s/Alberto Barrientos Name: Alberto Barrientos Title: President December 11, 2013 APPENDIX A STATE OF NEVADA CERTIFICATE OF AMENDMENT OF CERTIFICATE OF INCORPORATION The corporation organized and existing under and by virtue of the General Corporation Law of the State of Nevada does hereby certify: FIRST : That at a meeting of the Board of Directors of Dussault Apparel, Inc. RESOLVED, that the Certificate of Incorporation of this corporation be amended changing the Article thereof numbered “1” so that, as amended, said Article shall be read as follows: Name of the Corporation: ”Prospect Ventures, Inc.” SECOND : That thereafter, pursuant to resolution of its Board of Directors, a special meeting of the stockholders of said corporation was duly called and held upon notice in accordance with Section 222 of the General Corporation Law of the State of Nevada at which meeting the necessary number of shares as required by statute were voted in favor of the amendment. THIRD : That said amendment was duly adopted in accordance with the provisions of Section 242 of the General Corporation Law of the State of Nevada. IN WITNESS WHEREOF , said corporation has caused this certificate to be signed this ____ day of August 2013. By:_______________________________________ Authorized Officer Title: Chief Executive Officer/President Name: Donald E. Latson Daily- Weekly
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