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Exactly! There can be NO reverse merger without the appropriate filings. Some of the REQUIREMENTS for a reverse merger are:
•complete (and expensive) financial disclosure is required for publicly-held companies under the 34 Act;
•required audit for regulatory compliance;
•owners of the Private Company give up some equity percentage in the merger (usually between 15% and 20%) which must be disclosed;
Since NONE of this has been forthcoming, all that has been accomplished is a reverse split, name change and change of "fairy tale" used as a lure.
Shareholders are ENTITLED to know what they are getting! Investing without knowing these things is "BUYING A PIG IN A POKE".
I think it may depend on their perception of how much scrutiny the company is under. For a P&D to work well, they have to line up a crowd of the blind and faithful. People who won't look beyond the PRs and HYPE.
More BULLSHIT that's been PROVEN to be nothing but HOT AIR HYPE many times already.
ROTFLMAO!!!!
PURE BULLSHIT!!!! It was BULLSHIT when it was first put out and its STILL BULLSHIT now.
Only if they reverse split to ONE SHARE!
First off, that article has NOTHING to do with CJTF.
Second, look at the date, May 27, 2014. Over a year ago.
Hope that helps....
"Note: They actually say "There going to Saturn or Uranus"[sic] "
I think they must have actually said, "Sat on yer' anus". I guess that's "the moon" the SP is going to.
CJTF is only DOWN about 40% so far today.
Speaking of the misleading PRs the company issues, don't forget their PR regarding their new "SUITE" of offices.....
A MAILBOX IN THE LOCAL "GOIN' POSTAL" STORE!
I M ROTFLMAO over THAT.....STILL!!!!
Merely a STALL tactic to try get around the calls for the proper documentation that would be due had an actual merger occurred.
No change of control actually occurred as PV IS STILL IN CONTROL.
Just because a company changes its name and ticker symbol does not obviate any of the obligations and liabilities created under the old name.
PVEC's obligations and liabilities are legally THIS company's obligations and liabilities.
As long as PV controls 36 BILLION votes, HE and HE ALONE IS ACTUALLY IN CHARGE! The CEO and Directors serve at HIS pleasure. He can vote them out and replace them any time.
ROTFLMAO!!!!
The company, DudS r US, issued a statement long prior to the EVICTION, that THEY were occupying the address as THEIR Corporate Headquarters.
Kerry issued statement that she was working for the company, DudS r US, out of those offices also.
Unless the PRs were LIES, DudS r US was EVICTED from their FL Corporate Office for NON-PAYMENT of RENT!
Further, just because they were EVICTED does NOT relieve them of the lease obligation. They are on the hook for the back rent PLUS ALL RENT DUE UNTIL THE LEASE EXPIRES! A company's obligations and liabilities DO NOT go away by a simple ticker symbol and name change.
I M ROTFLMAO!!!!
"Ex CEO" is STILL in charge of the company via his 1.8 million Series B voting shares which control 36 BILLION VOTES!
"New CEO" and Directors serve at his whim. He can vote them out and replace them anytime if they don't TOE THE LINE!
ROTFLMAO!!!!
Just a CHINESE MANUFACTURED drone that DudS r US resells.
Big whoop!
It looks like you were one of the big winners. PM Admin for instructions.
No, Peter is NOT and never was the "victim" here. He is still firmly in control. He's just severing and obfuscating the prominent, visible ties in case of legal action being taken against the company. He's trying to protect his ill gotten gains from the angry mob to come.
He STILL HOLDS 1,800,000 shares of Series B Preferred Stock. Each share of the Series B stock is assigned voting rights of 20.000. PV has 36 BILLION VOTES (not counting his common shares) compared to only 50,000,000 or less for everyone else. So YES, Peter controls the company because he can out vote ANYONE and EVERYONE!
I M ROTFLMAO!!!
Hi Cassandra,
It seems to me that the company, by publicly declaring the address as its Company Headquarters, has legally assumed responsibility for the lease. A company can't merely change its name and be absolved from all obligations created under the former name.
Supposedly, Kerry worked out of that office performing duties for the company. That published statement and the company's public claim of the address as their Corporate Headquarters is more than enough to prove that they are liable for any and ALL owed amounts.
Do you know the expiration date of the lease? Legally, the company owes the landlord the past due amounts PLUS the remainder of payments due under the lease agreement. So DudS r US could be on the hook for rent on the office as long as it is unoccupied until the original lease expires.
Normally in a merger, if the surviving company occupies the same offices after the merger, they have assumed the Assets and Liabilities connected with the offices, i.e. the lease.
No one needs to call them. They KNOW. LOLOLOL!!!
After all, they're the ones that EVICTED DudS r US for NON-PAYMENT OF RENT!
By the way, DudS r US is STILL on the hook for the remainder of the lease payments even though they've been EVICTED! The landlord usually files suit in short order to collect the past due amount plus any amount remaining under the lease.
ROTFLMAO!!!!
Yesterday I asked.....
Exactly WHAT is there to give DudS r US a competitive advantage over the hundreds of others in the space?
Their rinky dink website that looks like it was a done as a middle school project?
Their IMPRESSIVE "Corporate Headquarters" .... (a MAILBOX here).....
I said then, "I doubt there will be (m)any answers because they've really got NOTHING going for them to speak of."
24hrs later and the absolute lack of any answer (other that mere empty HYPE and FLUFF) only PROVES MY POINT!
ROTFLMAO!!!!
Actually, it is Peter that is severing links with DudS r US! He knows that this house of cards will collapse on itself so he is trying to create a legal separation between himself and the scam in case of lawsuits.
As far as "moved the HQ" from FL to MI goes, they were EVICTED from the FL office for NON-PAYMENT OF RENT!
The office they moved to in MI? IT'S JUST A MAILBOX, HERE.....
I M ROTFLMAO!!!!
BULLSHIT!!!! Nothing but EMPTY HYPE.
"Scammers like Peter and Kerry are not in the business of giving money back to investors. That would defeat the purpose of the scam."
Exactly! The ONLY way any of the Series C holders could see any money is through an immediate lawsuit. If they wait, all the assets will have disappeared, gobbled up by the scammers.
RIDICULOUS!
Why can NO ONE provide any FACTS to support the company as a good investment? Could it be that THERE IS NO GOOD REASON TO INVEST IN THIS SCAM?
"And why is Kerry involved with sending out certs again?"
Because she can CONTROL the timeline. She can stretch things out and delay indefinitely. If it was left up to the TA, it would have been completed LONG ago and either investors would get what was coming to them or the FRAUD would be exposed!
Yeah, all the hype and fluff PRs only serves to prove that there is NOTHING of substance to this company. It's just a story and nothing more.
Again I ask, WHAT FACTS do you have to support that contention?
Wishful thinking is NOT a good reason to invest in this or any company.
NO ONE has yet come up with any compelling reason to think that DudS r US has ANY competitive advantage over the hundreds of other companies in the space.
They have NO products of their own. They are only resellers of OTHER people's and OTHER companies' products.
Heck, they were just EVICTED from their former Company Headquarters for NON-PAYMENT of rent. Now the Company Headquarters is a MAILBOX!
ROTFLMAO!!!!
I see signs that it's ready to go down like the Titanic. There will NOT be enough life boats.
Show ONE, SINGLE drone that was ever manufactured there for DudS r US! NO ONE CAN!
A "former agreement" that was NEVER implemented except in someone's imagination is NOT really a valid proof of anything, is it.
As I said in post #141806, I didn't think anyone could come up with ANYTHING substantive to support the opinion that DudS r US has ANY competitive advantage over the hundreds of other companies in the space.
ROTFLMAO!!!! The BULLSHIT "crutch" for EVERY stinky pinky scam. Forward looking statements, "expect", "SOON", must always be treated like, "The check is in the mail".
Show us a picture of the product ..... THERE IS NONE!
I call BULLSHIT!!! That's merely empty HYPE. NOTHING about this company is like "Apple". Working out of a garage is NOT and advantage, rather it's an obstacle, otherwise EVERYONE would start in their garage.
Apple overcame its obstacle because it was innovative and ACTUALLY MANUFACTURED SOMETHING. DudS r US has NO products of its own. THEY MANUFACTURE NOTHING, they only resell products made my others.
What would Apple be today if all they did was sell IBM XTs and ATs???
NEXT!!!!
Exactly WHAT is there to give DudS r US a competitive advantage over the hundreds of others in the space?
Their rinky dink website that looks like it was a done as a middle school project?
Their IMPRESSIVE "Corporate Headquarters" .... (a MAILBOX here).....
I doubt there will be (m)any answers because they've really got NOTHING going for them to speak of.
ROTFLMAO!!!!
"Why would they call their box number a suite unless they were trying to trick you? Lol."
LOL, indeed, and exactly true. Why else would they claim that "suite" as their 'Corporate Headquarters" in a PR????
This company is nothing more than chimera of "false fronts", HYPE and FLAT OUT LIES! All intended to separate the gullible from their money.
IR CAN'T quit lying because that's all they've got. To quit lying is to go silent.
"Ms. Thacker probably gets "dry-mouth" quite a bit"
Yes, that and what she's drinking to assuage that thirst is probably what led to her arrest on charges of CHILD ABUSE and RECKLESS ENDANGERMENT!
As far as her role, I think she could be Peter's sock-puppet. Basically running the day to day operation of the scam while Peter takes "deep cover".
Since the company got EVICTED from the Florida office space for NON-PAYMENT OF RENT, Kerry's had to work out of the "mobile office".....
Since she's been force to work from the "mobile office", things have gotten somewhat slower as she has trouble remembering where she put the bottle when she needs to "wet her whistle" in order to lick the stamps.....
It's a long walk from FL to MI moving the "office" too.
Exactly1 Thanks for your response. I think most people and businesses would respond to those questions in much the same fashion.
DudS r US has NOTHING going for it in terms of business advantages over the hundreds of other online resellers of drones and accessories. In fact, they're at quite a DISADVANTAGE in the many others have been around for a long time, have several brick and mortar stores and have an even greater selection of products.
Worse yet, the competition for large sales would come from the companies that ACTUALLY MANUFACTURE the drones! They are in the best position to provide the best volume price breaks, custom design expertise and customer service.
A little DD will show that DudS r US is just a "Johnny come lately" with nothing to distinguish it from the competition.
It is VERRRRRY UNCOMMON for a LEGITIMATE business to put out a PR announcing a NEW CORPORATE HEADQUARTERS that turns out to be nothing more than a MAILBOX!
NOT that uncommon for pump and dump, penny stock scams, though. I'll grant that much.
ROTFLMAO!!!!
Yes, it sure seems as if EVERYTHING about this company is a "false front", imaginary or JUST PLAIN BULLSHIT!!!
NO products of their own. NO "manufacturing facility". NO company Headquarters.....well, alright, THE COMPANY HEADQUARTERS IS A MAILBOX in the local GOIN' POSTAL store! That's about the only thing about this company that is tangible.
And this is "big business"?????
ROTFLMAO!!!!
"At least it's easy to move the manufacturing facility out of Florida. It never existed in the first place."
Almost as easy as moving their "office" to the mailbox in the GOIN' POSTAL store.