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I think we will see some of that soon. It may not help that much though, as the Nikitins have a long and well documented history.
For instance, here is another article.....
Another Nikitin business, same old tricks - From the Orland Sentinel
Once-promising solar company will see assets auctioned off as lawsuits, debt plague Lake Mary operation
At its peak, BlueChip Energy LLC boasted 200 employees at its Lake Mary solar-power manufacturing plant, nearly $23million in annual revenue and an ambitious plan to build the state's largest solar-energy farm in Lake County.
But the seemingly forward-looking company has gone dark. What remains are a slew of lawsuits and a warehouse of solar panels, office furniture and manufacturing equipment bought on credit and now being liquidated to repay millions of dollars in debts.
An auction scheduled for Tuesday at BlueChip's Rinehart Road facility aims to repay the largest claim from a subsidiary of SunTrust for $2.5 million owed for equipment. Federal and state court records describe a company that has no money and owes more than $16 million to banks and creditors as well as customers, vendors and suppliers. Court records show that the company was accumulating debt, failing to pay suppliers and produced counterfeit products.
UL (Underwriters Laboratories), the independent scientific company that tests and certifies countless products for safety, from toasters to TVs to industrial equipment, announced earlier this year that solar panels sold under the company's Advanced Solar Photonics label were counterfeit.
"As soon as we hear about a counterfeit issue, we investigate it immediately," Drengenberg said. "We are very focused on anti-counterfeiting measures because that protects the public."
Court records identify the leadership of BlueChip, and its related companies (Advanced Solar Photonics, Bluechip Power and Sfinkx), as Dmitri and Svetlana Nikitin of Longwood. The couple have several registered corporations, according to state records. BlueChip Energy also used the names Advanced Solar Photonics and BlueChip Power.
By the time UL announced the panels were counterfeit, several companies were lining up claims for money owed.
Dmitri Nikitin lost a judgment for $387,475 in a federal case filed by Optowave Co. Ltd., a South Korean company that had bought high-precision equipment from Nikitin to manufacture infrared filters for consumer electronics, including cellphones. Court documents show that Optowave alleged fraudulent behavior in its contract with Nikitin.
State and federal court records show more than $14 million owed to creditors and $6,000 in wages to former employees, as well as Seminole County property taxes.
In one of the documents, a federal judge had criticized Nikitin for destroying key documents in bad faith.
A federal judge has appointed a receiver to liquidate all the assets, and Moecker Auctions in Hollywood will run the auction at the Lake Mary facility.
No, the company can't decide that the shares are "worthless". They have and ascribed value of 20 cents per share. The company is obligated to redeem those shares at the ascribed value (or above). The ONLY way the shares can become worthless is for the company to declare bankruptcy.
If the company were to declare bankruptcy, the Series C Preferred shareholders would be first in line to receive any liquidation distribution from the receiver. Common shareholders would be SOL.
Hope that helps.
Yep, according to that "logic" there are NO scams on in the stock market. After all, if they were scams, they wouldn't be trading. LOLOLOLOLOL!!!
DSUS it nothing more than a "story" stock scam. A story based on the hobby and "hobby shops" of a few people and HYPED to make it seem more than it is.
The story is now changing as it has been PROVED they are NOT manufacturers of drones, merely resellers of other people's drones. So now they are trying to "morph" the story into something else.
LOLOLOLOLOL!!!!
LOLOLOLOLOLOL!!!! What a HOOT!!!
"They are NOT issued and outstanding"
Go to the company website, investor relations.....
No, once ISSUED AND OUTSTANDING, those shares may only be cancelled by fulfilling the redemption obligation or by declaring bankruptcy.
Which do you think would be preferable?
IM ROTFLMAO!!!!
Although their "name" was not on the lease, they WERE legally a tenant as they claimed the address in public statements as their "headquarters". Additionally, Kerry performed work on their behalf out of that office as has been well documented.
The company's name change does NOT invalidate contracts entered into under the previous name.
IM ROTFLMAO!!!!
It's not that simple. We are talking about DULY AUTHORIZED, ISSUED and OUTSTANDING shares in the company.
Forget the term "certs". They are SHARES of the company. They cannot simply be cancelled and ignored. The ONLY way to cancel those shares is to declare BK and cancel ALL shares, including the common.
In the event of a bankruptcy, guess who is first in line for any liquidating dividend...... Yup, the Class C PREFERRED SHAREHOLDERS!
IM ROTFLMAO!!!!
It generally takes a long time to shut down these scam stocks. The procedure is NOT simply, file a complaint and the stock no longer trades.
Just because a stock is still trading doesn't mean it's not a scam. It takes months and sometimes years before any action is taken. That's why "stinky pinky" stocks like DSUS are so popular with scammers.
However when action does come, it is immediate and without warning. I've seen it happen a few times. One day a board will be filled with "Yippee, to da moon" crap and then an announcement of a suspension comes out, without any warning. Suddenly stockholders are stuck with a stock that for all intent and purposes, may no longer be sold.
They LIED about that, just like they LIED about moving the headquarters to Fort Lauderdale.
IM ROTFLMAO!!!!
The DudS r US boys claimed this FT Lauderdale, FL, address as their Corporate Heaquarters. Were they LYING?
Address claimed to be the corporate HQ for DSUS:
1850 SE 17th Street, Suite 305
Fort Lauderdale, FL 33316
Yes, they were LYING TO INVESTORS!
The DudS r US boys claimed they moved to the above FL address to be close to their "primary manufacturing facility". Were they LYING?
Again, of course THEY WERE LYING TO INVESTORS!
There was and is NO "manufacturing facility" in Florida. There NEVER was, it was just a DELIBERATE LIE!
I think a PROVEN history of DELIBERATELY LYING TO INVESTORS is worse than their being evicted. Although, in this case it seems they managed to do BOTH.
By claiming the address as their corporate headquarters prior to the eviction and having Kerry perform work for them out of that office prior to the eviction, THEY WERE, IN FACT, EVICTED!
Yup, they LIED about the office.
They LIED about the move into the office.
They LIED about the "primary production facility".
They LIED about the EVICTION!
IM ROTFLMAO!!!!
I don't think Nikitin needs much advice about lying to investors or running a con game.
Here is a story about another Nikitin business, same old tricks - From the Orland Sentinel
Once-promising solar company will see assets auctioned off
Lawsuits, debt plague Lake Mary operation
At its peak, BlueChip Energy LLC boasted 200 employees at its Lake Mary solar-power manufacturing plant, nearly $23million in annual revenue and an ambitious plan to build the state's largest solar-energy farm in Lake County.
But the seemingly forward-looking company has gone dark. What remains are a slew of lawsuits and a warehouse of solar panels, office furniture and manufacturing equipment bought on credit and now being liquidated to repay millions of dollars in debts.
An auction scheduled for Tuesday at BlueChip's Rinehart Road facility aims to repay the largest claim from a subsidiary of SunTrust for $2.5 million owed for equipment. Federal and state court records describe a company that has no money and owes more than $16 million to banks and creditors as well as customers, vendors and suppliers. Court records show that the company was accumulating debt, failing to pay suppliers and produced counterfeit products.
UL (Underwriters Laboratories), the independent scientific company that tests and certifies countless products for safety, from toasters to TVs to industrial equipment, announced earlier this year that solar panels sold under the company's Advanced Solar Photonics label were counterfeit.
"As soon as we hear about a counterfeit issue, we investigate it immediately," Drengenberg said. "We are very focused on anti-counterfeiting measures because that protects the public."
Court records identify the leadership of BlueChip, and its related companies (Advanced Solar Photonics, Bluechip Power and Sfinkx), as Dmitri and Svetlana Nikitin of Longwood. The couple have several registered corporations, according to state records. BlueChip Energy also used the names Advanced Solar Photonics and BlueChip Power.
By the time UL announced the panels were counterfeit, several companies were lining up claims for money owed.
Dmitri Nikitin lost a judgment for $387,475 in a federal case filed by Optowave Co. Ltd., a South Korean company that had bought high-precision equipment from Nikitin to manufacture infrared filters for consumer electronics, including cellphones. Court documents show that Optowave alleged fraudulent behavior in its contract with Nikitin.
State and federal court records show more than $14 million owed to creditors and $6,000 in wages to former employees, as well as Seminole County property taxes.
In one of the documents, a federal judge had criticized Nikitin for destroying key documents in bad faith.
A federal judge has appointed a receiver to liquidate all the assets, and Moecker Auctions in Hollywood will run the auction at the Lake Mary facility.
Attempts to reach company officials through phone numbers and email addresses were unsuccessful. Attorneys for BlueChip did not return phone calls.
There's the second LIE! They did not "move their headquarters to Michigan. The TRUTH is, they were EVICTED from their Florida headquarters and moved into a MAILBOX in a GOIN' POSTAL STORE! LOLOLOLOLOLOL!!!!
The talk of a "subsidiary office" in China is just ANOTHER LIE! How on earth could they afford a foreign office if THEY COULDN'T EVEN PAY THE RENT on their Florida headquarters?
DudS r US wants to buy things from the CHINESE company, NOT the other way around. That's just another misleading statement from the company.
Comparing the DudS r US "technology" to early laptops is just plain ridiculous!
Just compare DudS r US to these and keep in mind that DudS r US DOESN'T MANUFACTURE ANY DRONES AT ALL!
There's the first LIE!right in that first paragraph....
Drone Services USA DOES NOT PRODUCE ANY DRONES!
They are merely a reseller of other peoples' drones. There's a GOOD REASON they are "trading at near record lows", it's called LYING TO INVESTORS.
Generally, investors who have been lied to over and over again are not a very forgiving bunch.
ROTFLMAO!!!!
THAT'S the "big news"? LOLOLOLOLOLOLOLOL!!!!
From that website's disclaimer....
I'm sure CMR is still in the picture. After all, why else did Bredow give them all those shares?
LOLOLOLOL!!!!
"The Series C certificate message on the site was old and outdated."
Yes, it certainly WAS! It said that the delivery of the stock certificates would be done, "Within 10 DAYS!"
It was up for more than A MONTH! and IT STILL HASN'T BEEN DONE! It doesn't take that long.
The company has proven they are welching on their commitment to shareholders by these constant stall tactics.
They have NO EXCUSE for it because there IS no excuse.
Nothing but pure BULLSHIT! and company HYPE!
Just another in a looooooong string of misleading statements and OUTRIGHT LIES told by this company.
IM ROTFLMAO!!!!
"What really bites is that the competition is SO VERY MUCH BETTER!"
Here are a few examples of the types of innovation from the competition. Actually, DudS r US is not even in the same class as DudS r US DOES NOT MANUFACTURE ANY DRONES.........
Still just a boiler room type scam with NO assets, NO infrastructure, NOT EVEN a working website.
CAVEAT EMPTOR!
Yes a bunch of made up numbers from the company certainly sounds better than reality. Too bad reality for DudS r US SUCKS!
They have no economic moat and plenty of competition already!
What really bites is that the competition is SO VERY MUCH BETTER!
Yes, DudS r US can only ASPIRE to be a second rate online hobby store.
LOLOLOLOLOLOL!!!!
There are INDIVIDUAL investors who are owed TENS of THOUSANDS of dollars. I sincerely doubt they are ready to forgive the debt OWED to them.
The company OWES these DULY AUTHORIZED and OUTSTANDING shares, even those that have not yet been delivered.
DSUS management has publicly acknowledged this debt to shareholders. There is NO legal basis for them to renege much as some would like to claim that they are somehow "optional".
IM ROTFLMAO!!!!
Speaking of the "Trademark BS", here is a link to several electromagnetic HOLDING DEVICES. The company that manufactures them would NEVER even think of calling one of them a ProDROPPER! Not even the last one which is equipped with a "pusher" to overcome any residual electromagnetic force (remanence). LOLOLOLOLOL!!!!
Link to Electromagnetic HOLDERS
There are a LOT of Electromagnetic holders on the market and they've been sold for a LOOOOOOONG time. They are NOT NEW! I can provide links to thousands.
But of course, NONE of them are called "Droppers", Pro or otherwise.
IM ROTFLMAO!!!!
Yes, it seems they've dropped all pretense of honoring the Series C Preferred Shares.
The Series C shares have been eligible for redemption at 20 cents per share since last year. Since then, the company has been stalling in an effort to put off shareholders beyond the redemption expiry. As that expiration date approaches, we can expect to see announcements of lawsuits filed against the company seeking payment for the shares.
The company is legally obligated to pay this $4 MILLION debt to shareholders. I suspect we may see legal action against the company announced as early as next month.
BULLSHIT!!!! Just like they "honored" the Series C Preerred Shares?
They had that promise to complete delivery "WITHIN 10 DAYS" for more than a month. They finally took it down in acknowledgment that they had become a laughingstock and NO ONE believed it any longer.
Any "news" coming from this company will be just more MEANINGLESS HYPE or OUTRIGHT LIES of the sort the company has already put out.
IM ROTFLMAO!!!!
Yes, indeed, Purdy has said several times that THEY OWN A PIECE OF DSUS! He's NEVER said that DSUS owns a piece of DS Hawaii though, has he.
What belongs to DSUS, belongs to DS Hawaii and what belongs to DS Hawaii, belongs to DS HAWAII!
IM ROTFLMAO!!!!
Go to the website.... https://www.dsusa.us/
Scroll all the way down to the bottom to "Partners"
Look at the last one (SteadiDrone)
"DSUSA IS A RESELLER OF THE STEADIDRONE, NOT A PARTNER WITH THE COMPANY" "
Thank you for confirming that DSUS is merely a reseller of SteadiDrones and NOT a "partner" even though the company lists them as one.
THANK YOU FOR PLAYING THE FIND THE LIE GAME!
You've won a year's supply of company LIES and misleading statements direct from the DudS r US company!
IM ROTFLMAO!!!!
Sorry, but that is NONSENSE!
NO "great announcement" is forthcoming. That is just another LIE the company "leaked" to investors in order to pull the strings.
This company has LIED to investors from the very beginning. NO REASON to think they have stopped or will stop. When it comes to a company trying to mislead investors, "past performance" IS a good indicator of future results.
No matter how many times the company LIES are repeated, they're still LIES.
Yup, just like SteadiDrone is a "partner"? I believe SteadiDrone's CEO corrected any notion that it was a part of DudS r US quite a while back.
Those "partnerships" are completely meaningless.
IM ROTFLMAO!!!!
DS Hawaii is a SEPARATE business and NOT controlled by DudS r US.
That said, all they received is an exemption that allow them to do certain things. Note especially the last sentence quoted.....
Getting a trademark is no big deal. A trademark is merely a symbol, word, or words legally registered or established by use as representing a company or product.
Anyone can do it for a mere $275.
Purdy said he owns part of DSUS. Purdy did NOT say he BOUGHT part of DSUS. Evidently Bredow gave him shares of the company. Possibly in return for using his name and the name of DS Hawaii.
It really doesn't matter to DSUS shareholders if DS Hawaii is broke or not since DSUS is not entitled to anything from DS Hawaii.
The only people likely to do "a lot of teeth gnashing" are those who have tied up money in this. That certainly doesn't describe my situation.
104 MILLION shares traded last Friday. How many went off at .0002 or more?
ANSWER: ZERO!
IM ROTFLMAO!!!!
ROTFLMAO!!!! Stay tuned. The company fed investors a load of misinformation, LIES and plain old BULLSHIT and they got away with it because the investors didn't hold them accountable.
Yes, stay tuned for MORE misinformation, LIES and plain old BULLSHIT because as hard as it is for a leopard to change its spots, its just that much harder when there is no reason to do so.
I already KNOW the answer, DSUS owns NOTHING of Drone Services Hawaii.
DS Hawaii says they are part owners of DSUS. They have never said that DSUS owns part of DS Hawaii. Is Purdy LYING?
Like I said, "For Drone Services Hawaii, its a case of "what's yours in MINE and what's mine is MINE!"
ROTFLMAO!!!!
So, if Drone Services Hawaii flies a drone commercially, JUST HOW MUCH DOES DSUS GET? What's that? NOTHING?
So what makes that important, again?
"OH BUT DILUTION HAS BEEN COMING FOR MONTHS RIGHT?"
YES! Pretty much EVERY ONTH SINCE INCEPTION!
Share Issuances
3,307,000 Shares – June 10, 2015
2,000,000 Shares – July 14, 2015
4,255,525 Shares – August 31, 2015
IM ROTFLMAO!!!!
How much of Drone Services Hawaii does DSUS own? NOTHING, right?
For Drone Services Hawaii, its a case of "what's yours in mine and what's mine is MINE!
ROTFLMAO!!!!
"Maybe, but those individuals own drone services hawaii and part owners in drone services usa."
Many people are "part owners" in the company. How much of their income for their services is the company entitled to because of their "part ownership"?
There lies the rub!
Yup, hobbies & toys, that's the REAL DudS r US alright!
ROTFLMAO!!!!
ALL of the drones that they sell are manufactured by others. THAT has been PROVEN! That is NOT speculation.
Can you or anyone else give us an example of a drone manufactured by DSUS?
LOLOLOLOL!!!!