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A company doesn't put out a PR like that unless they are in deep trouble. Read carefully, it's not merely "CYA" damage control, it is also "fair warning".
This stock is headed for sub-penny land and, if they have to bite the bullet and bail, it could be a total loss.
Read the PR more carefully. They basically admit they are on the hook for a lot more than they have the means to pay.
There are only a couple of ways for this to end and none of them are good for shareholders. I think the best one can hope for is a dissolution of the "relationship with the public company" and shareholders wind up with shares in a debt ridden empty shell.
I find it difficult to believe that most of them didn't know what was going on or at least question it. While a couple of them MIGHT have been naïve and trusting enough to fall for a story spun by fellow former brothers in arms, I cannot believe that none of them knew what was going on.
Indeed! Where the September PR represented a "fraying", today's PR seems to be the beginning of a complete "unraveling" process.
Some of them stand to lose a lot because they have forgotten OUR HONOR CODE, "We will not lie, cheat, steal, or tolerate those who do."
Perhaps some of them were naïve enough to be "fast talked" into this by others they trusted. Although I find that difficult to believe, if such is the case for any of them I hope they have learned from this experience.
In recent PRs, they have been trying to back away from this whole mess. They have referred to the relationship not as a "merger" or "subsidiary/parent relationship", but as merely a "business relationship with a public company".
I suspect we will see the BOD attempt to distance themselves even further, perhaps even dissolving all ties to the company, in an effort to protect their own names and assets.
No matter what they do, they are still responsible for all the LIES that were told to investors. They might be able to escape legal responsibility through distancing themselves, but they must bear MORAL responsibility nonetheless.
The LIES were told in their names. They must have known they were LIES, yet they made no effort to correct them.
So DSUS is really still in their Florida "Corporate Headquarters" and NOT in t stupid RENTED MAILBOX that they TRIED TO PASS OFF AS A "SUITE"?
NO! They are not there because they were THROWN OUT.....EVICTED!
ROTFLMAO!!!!
No sales, no revenue.
The biggest thing this company produces is LIES!
They can't even produce a simple financial report.
Given that their truck driver/accountant QUIT and they haven't been able to find anyone else willing to take the job, it might never come.
In the meantime, there was no announcement that they actually parted ways with Melissa K. Rice, the "prohibited" attorney who specializes in pump & dumps and illegal stock sales. Makes one wonder about the recent price action, doesn't it?
Oh, there are MORE RED FLAGS than that.
Practically everything this company has ever said has turned out to be a PROVEN LIE!
"What happened to their drone manufacturing facility in Florida? Are they converting it over to make computers now? LOL"
Since the Florida "manufacturing facility" is plainly and purely a LIE, I think it is best suited to manufacture the biggest product this company produces.....MORE LIES!
Yup, their LIE FACTORY has been in full production since they changed their name and ticker from PVEC.
As Spock would say about DSUS.....
Just to bring you up to speed, as I pointed out earlier.....
Of course the company's management have LIED! They have LIED over and over and over, virtually since inception.
Let's start with a couple of the more recent ones, shall we?
They told investors they would have their financial reports out on time. They LIED!
Instead, they have this.....
They said they would honor the terms of their Series C Preferred shares. The redemption period has almost reached its end point. How many shares have they redeemed? ZERO, because they LIED!
They posted right on their own website that the distribution of the Series C Preferred share certificates would be complete "within two weeks". They took that down because of the ensuing laughter!
AFTER MONTHS HAVE PASSED, IT'S STILL NOT TRUE BECAUSE THEY LIED!
Hope that helps.....
Well, since they were EVICTED from their Florida corporate headquarters, they DID move into a RENTED MAILBOX in the GOIN' POSTAL store in Fenton, MI.
THAT was certainly "North". Not up, but north alright!
ROTFLMAO!!!!
So DSUS is "stonewalling" investors regarding the Series C share certificates? That seems to be clear cut proof they have no intention of keeping their word.
That certainly gives lie to the "men of honor" argument.
Have you contacted DSUS? They said they would honor them. Of course, they also said they would have the distribution completed "within two weeks" (MONTHS AGO).
ROTFLMAO!!!!
Of course the company's management have LIED! They have LIED over and over and over, virtually since inception.
Let's start with a couple of the more recent ones, shall we?
They told investors they would have their financial reports out on time. They LIED!
Instead, they have this.....
They said they would honor the terms of their Series C Preferred shares. The redemption period has almost reached its end point. How many shares have they redeemed? ZERO, because they LIED!
They posted right on their own website that the distribution of the Series C Preferred share certificates would be complete "within two weeks". They took that down because of the ensuing laughter after MORE THAN A MONTH. AFTER MONTHS HAVE PASSED, IT'S STILL NOT TRUE BECAUSE THEY LIED!
Hope that helps.....
IM ROTFLMAO!!!!
Not necessarily. It's possible that a few chosen insiders have been able to cash in. Since the company has gone "dark", there is no way to really know what they are doing.
It appears that the company is stonewalling. They PROMISED to honor the Class C Preferred They even posted on their website that they would complete the distribution of the share certificates, "Within two weeks". After MORE THAN A MONTH, they finally took that down as they had become a laughingstock because of the blatant LIE!
It's looking like the only way those shareholders will be paid is through the courts. Some have already stated they are taking legal action.
The redemption period is soon coming to an end and the company is stonewalling and obfuscating in hopes that time runs out.
Get familiar with the TAROT "Ironman" drone, MADE IN CHINA!
I figured everyone could do their own DD on drones by now.
IM ROTFLMAO!!!!
Then they (the CEO and BOD) should STOP LYING and MISLEADING INVESTORS!
As long as they are LIARS, they are THIEVES, stealing investor's money!
They ought to be ashamed of themselves!
I agree 100%! It is quite obvious from the wording that it is the choice of the holder how he wishes to redeem the shares, whether for cash or additional shares.
DSUS PROMISED to "honor" the shares, it appears as if that was just ANOTHER LIE! A "carrot" to induce naïve investors.
As the end of the redemption period draws closer with the company showing NO INTENTION of following through on its promise to investors, I expect legal action against the company to follow before it's too late.
Yes, it was! It was just known as PVEC then.
At the time of the name/symbol change, ALL of the PVEC shares became DSUS shares. ALL of the PVEC obligations became DSUS obligations. A name change does NOT relieve a company of its liabilities and obligations.
Hope that helps.....
Yes! Here are the terms....
Series C stock will be issued in certificate form and mailed to ALL shareholders of record (as of March 14,2014) beginning the following week after recording, the week of March 17th, 2014 and will arrive to shareholders by mail.
Starting September 17th, 2014 certificates will be able to be redeemed for face value in cash or redeemed for $.20 worth of common stock.
In the event the price per share is higher than face value of $.20 (twenty cents), the Preferred C Series Stock may be redeemed for 1 (one) share of common stock at the current price per share.
The company (DSUS) said they would honor the Series C commitment. Not that they have any choice as the stock has been duly authorized and partially issued.
The company (DSUS) PROMISED that the issue would be complete, "WITHIN TWO WEEKS". They even had it posted on their website until they became a laughing stock after the promise was up for MORE THAN A MONTH and people were still complaining about not getting their shares.
The redemption period ends in four months, on March 14, 2016. At this point, the company's tactics seem to be to stall until the redemption period expires, using CMR and their subcontractors to obfuscate and run interference.
THE REDEMPTION PERIOD BEGAN MORE THAN A YEAR AGO! Company management has once again LIED to investors as they continue to STALL!
Are they still cold calling investors on the phone?
With volume at only 41k, there obviously aren't any "big time traders" buying this TURD! They are probably waiting for this POS to drop another 195%.
I think it would be a wise move to wait for it to drop at least another 195% before plunking any money down on this.
Only -195% to go!
It's a really "special" investment that can lose 200%. I guess DeadbeatS r US is one of those.
If you bought $1000 worth of DeadbeatS r US and it went to zero, you would lose 100% of your investment. To lose 200%, you would have to PAY someone $1000 to take the shares off your hands!
My gosh, I knew it was bad but I didn't think it was THAT bad!
ROTFMAO!!!!
Regarding the "lack of response". It can be explained thusly....
Too many scams, not enough rubes.
And STILL it's LOST MORE THAN 50% since its inception and somehow the fact that it hasn't gone to zero ..... YET, somehow makes this STINKING TURD "sweet"?
What makes all the company's LIES acceptable?
The current price is already a 50%+ LOSS from its initial price. It's already been under a penny on more than one occasion and will probably be there again soon.
Why did they hire Melissa K. Rice? The PROHIBITED attorney known to specialize in pump and dumps and the illegal sale of shares?
Why the association with CMR and their subcontractors?
Why would a "legitimate" company use a shell with all of the baggage of this one, including a $4 MILLION DEBT?
Why would a "legitimate" company promise to honor and complete the issue of the Series C stock certificates and then GO BACK ON ITS WORD? That's NOT the action of a legitimate company.
Legitimate companies don't LIE to investors. THIS company has done just that, over and over and over again, since its inception.
Legitimate companies don't get EVICTED from their corporate offices.
Legitimate companies don't promise to honor their own duly authorized stock and NOT follow through.
Legitimate companies don't promise to mail out all the certificates of that stock, "Within the next two weeks", make that promise for MONTHS and then FAIL TO KEEP IT!
Legitimate companies have an actual place of business. They don't operate out of a RENTED MAILBOX!
Legitimate companies don't promise to have their financials out on time and then FAIL to produce them
Legitimate companies don't GAG their TA so that investors can't find out the current float.
Legitimate companies DON'T GO SILENT when investors are expecting transparency!
Legitimate companies DON'T HAVE THIS.....
IM ROTFLMAO!!!!
No amount of perfume is EVER going to make this STINKING TURD "SWEET".
Not after all the LIES they've told investors.
It took a few months to DROP MORE THAN 50% from the name/symbol change and reverse split. It could take just as long to drop another 50%.
Just because it didn't immediately go to no bid doesn't make it a good investment. I don't know of ANY SCAM stock like this that went to zero immediately. In fact, most take longer than this one to LOSE the first 50%+
The fact that it isn't DOWN EVEN FURTHER is certainly "faint praise" indeed. Especially in light of how near that particular objective is and the fact that it has achieved that distinction multiple times already!
LOLOLOLOL!!!!
Why??? Because not too long ago they were "solid" above two and a half cents.
They've lost more than 58% in a few short months.
The longer term trend is STILL DOWN!
IM ROTFLMAO!!!!
The current price is only a 58% LOSS from its initial price. It's already been under a penny and will probably be there again soon.
Why did they hire Melissa K. Rice? The PROHIBITED attorney who specializes in pump and dumps and the illegal sale of shares?
Why the association with CMR and their subcontractors?
Why would a "legitimate" company use a shell with all of the baggage of this one, including a $4 MILLION DEBT?
Why would a "legitimate" company promise to honor and complete the issue of the Series C stock certificates and then GO BACK ON ITS WORD? That's NOT the action of a legitimate company.
Legitimate companies don't LIE to investors. THIS company has done just that, over and over and over again, since its inception.
Legitimate companies don't get EVICTED from their corporate offices.
Legitimate companies don't promise to honor their own duly authorized stock and NOT follow through.
Legitimate companies don't promise to mail out all the certificates of that stock, "Within the next two weeks", make that promise for MONTHS and then FAIL TO KEEP IT!
Legitimate companies don't operate out of a RENTED MAILBOX!
Legitimate companies don't promise to have their financials out on time and then FAIL to produce them.
Legitimate companies DON'T HAVE THIS.....
IM ROTFLMAO!!!!
I'm not sure that will happen any time soon as it appears the truck driver who was preparing their financial reports UP AND QUIT ON THEM. Probably got a cramp from trying to work in that RENTED MAILBOX they've been using as their corporate "headquarters" since they were EVICTED from the Florida office.
They promised the reports would be out "on time". THEY LIED!
But then, what's new? It's not the first LIE they told to investors and it most certainly won't be the last.
BULLSHIT!!!! The object of these share selling scams is not to immediately destroy the share price by umping as fast as the shares can be printed. No, the ideal scam will continue to generate cash for the con man for as long as possible.
The current price is only a 58% LOSS from its initial price. It's already been under a penny and will probably be there again soon.
Why did they hire Rice? The PROHIBITED attorney who specializes in pump and dumps?
Why the association with CMR and their subcontractors?
Why would a "legitimate" company use a shell with all of the baggage of this one, including a $4 MILLION DEBT?
Legitimate companies don't LIE to investors. THIS company has done just that, over and over and over again, since its inception.
Legitimate companies don't get EVICTED from their corporate offices.
Legitimate companies don't promise to honor their own duly authorized stock and not follow through.
Legitimate companies don't promise to mail out all the certificates of that stock, "Within the next two weeks", make that promise for MONTHS and then FAIL TO KEEP IT!
Legitimate companies don't operate out of a RENTED MAILBOX!
Legitimate companies don't promise to have their financials out on time and then not produce them.
Legitimate companies DON'T HAVE THIS.....
"...NOW SHARE SELLING SCAM IS THE NEWEST ANGLE!!!"
No, it's been a SHARE SELLING SCAM since its inception. See the last section of the iBox intro, above, under the heading, "WARNING!"
Hope that helps.....