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NO!!!! The original agreement reads.....
Beginning September 17th, 2014, certificates will be eligible for redemption for face value in cash or $.20 worth of PVEC 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.
Kerry said the company would honor the commitment. They were supposed to be payable beginning last Sept.
Beginning September 17th, 2014, certificates will be eligible for redemption for face value in cash or $.20 worth of PVEC 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.
Actually, those numbers are practically meaningless. The short trades are only temporary, they are usually taken care of within seconds. In fact, the daily short volume is an indicator of MAJOR DILUTION, NOT SHORTING.
This explanation by 1manband should help.....
Market makers keep little to no inventory of sub-penny stocks. Especially ones with MAJOR DILUTION OCCURRING, who are going to be worthless eventually.
It is a matter of when, not if. This means when they get an order, they short the stock to the client and then cover the "short" almost instantly. Usually that means buying the stock from the diluter, who have standing orders in for millions to sell.
They will sell as much stock to the MM's as they need. If an order comes in for 10 million shares at $0.0002, the MM sells it short to the customer (because they have no inventory) then immediately buys the 10 million shares from the diluter at $0.00019 (or less) and is flat. But the short volume report only records the short leg. They don't reconcile the long trade, which is why short interest is always low to ZERO. These MM's are happy to make the spread with zero risk. Keeping any inventory, or holding a short position overnight, is too risky.
Ironically, those daily short volume numbers are highest stocks undergoing MASSIVE DILUTION. Like the kind that makes a stock with less than 400 million reported O/S suddenly RAISE their A/S to FIVE BILLION!!!!
BWAAAAAHAAAAAAHAAAAAAAHAAAAAAAHAAAAAAAAAAAAAAAAAAAAA!!!!
Absolutely correct, gitreal. The high volume is not due to shorting, rather the DUMPING of hundreds of millions
(soon to be BILLIONS) of shares that made the raise in A/S to FIVE BILLION SHARES, necessary.
When the, "I only read the company PR for my DD", investors find out what's been done to them, that 0.0001 Bid will disappear quickly.
"Ties"? What "ties" do they have to the CHINESE company, Ninebot? LOLOLOLOL!!!!
The only connection DudS r US might have with Ninebot is they hope to resell an item or two made by Ninebot.
Seems to me there were some disparaging remarks being made about "crappy Chinese products" a short while back too.
BWAAAAHAAAAAAHAAAAAAAHAAAAAAAHAAAAAAAAAAAAAAAAAAAA!!!!
It matters to some that this stock is a scam, just on moral principle if nothing else.
Yup, exactly as you say. Every stinky pinky dangles the "uplisting" carrot in front of their marks. Few are serious and anyone that WAS serious would not have chosen the PVEC shell with all of its attendant problems.
Good post. I'd only add to a couple of points.
"EVERYBODY POSTS WHAT A GREAT OPPORTUNITY IT IS TO BE ABLE TO BUY DSUS AT THIS PPS."
That "opportunity" is going to get better and better as the PPS goes lower and lower.
"WE WERE PROMISED UPDATE ON LOST CHILD. WAS DSUS AND ALL THEIR HIGH TECH ABLE TO FIND THE POOR CHILD.. I THINK NOT!
NO UPDATE AS USUAL. TOLD IT WOULD BE ON THEIR SITE 3-4 DAYS AGO!"
They didn't want to have to tell investors that their Chinese drone got stuck in a tree. They had to throw things at it to get it down and they broke it.
"BLIND FAITH IS WHAT DSUS LIKES."
That "Blind Faith" is the mother's milk of all scams. It's what allows them to make a buck.
Initial "euphoria" replaced by realization that this company is nothing but PRs, HYPE and HOT AIR.
Reality is slowly taking over as the promised transparency is NOT forthcoming, just more HOT AIR.
"They have billions of shares to tap into."
We can be sure they plan on just that. In fact, we can be certain they are ALREADY doing just that! Otherwise, Freddy would not have had to raise the A/S from 2 billion to 5 BILLION!
I think it was investors having the time to do a little checking and finding out that this is nothing but smoke and mirrors with only HYPE and LIES propping up the price.
It's called heading for the lifeboats or "GETTIN' WHILE THE GETTIN'S GOOD".
The Authorized Shares were increased from 2 billion to 5 BILLION just two days ago, on July 6.
You can verify this for yourself by visiting the Nevada Secretary of State website, here.....
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=6Hj%252bCOYb%252fKVvsO%252fJjA6rRQ%253d%253d&CorpName=GOLD+%26+SILVER+MINING+OF+NEVADA%2c+INC.
and here......
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=6Hj%252bCOYb%252fKVvsO%252fJjA6rRQ%253d%253d&nt7=0
Only the CEO. Fred Anderson, can change that.
FIVE BILLION SHARES! OUCH!!!!
Can you say, "MAJOR DILUTION coming!"?
You think FRED wants them cheaper??? THAT would NOT be good.
"In business together"???? LOLOLOL!!!
That's like saying I'm "in business together" with GM because I bought a new Cheverolet. (BTW, DudS r US hasn't even bought anything from them, they're just "borrowing" their NAME and NEWS) LOLOLOL!!!
"In business together"?????
BWAAAAHAAAAAAAHAAAAAAAAHAAAAAAAAHAAAAAAAAAAAAAAAAA!!!!
Yes, Peter not only stripped all the liquid Assets from the company before turning it over to DudS r US, he actually RAN IT IN THE HOLE! As evidenced by the NEGATIVE CASH BALANCE on the latest Balance Sheet. Not to mention the complete absence of the required merger documents = BIG RED FLAGS!
DudS r US not only inherited ALL of PVEC's Liabilities but a NEGATIVE CASH ASSET TO BOOT!!!!
According to accountants,
It is reasonable to assume that any time you see a company's balance sheet with a zero cash balance, it brings up the following issues:
The company has overdrawn its bank account, which brings up questions about its liquidity, and therefore its ability to continue as a going concern.
The company is playing games with its suppliers, printing checks in order to "prove" that checks were created on time, and then holding onto them until there is sufficient cash to keep them from being rejected by the bank.
The company is relying upon an overdraft arrangement with its bank to fund these additional payments, which means that it probably suffers from ongoing cash problems.
The "new folks" AREN'T running this company, CMR and PV are!
The "new folks" are merely sock puppets and stooges for CMR and PV.
Else, why have we NOT seen the required merger docs?
Else, why are the sock puppets and stooges NOT in FL running the business instead of CMR?
Else, why are their offices NOT at the imaginary "production facility"?
Else, why is CMR, a PROMOTION firm in control in their client's, Peter Villiotis, office?
Now THAT'S TRANSPARENCY!
BWAAAAAHAAAAAAHAAAAAAAAHAAAAAAAAAAHAAAAAAAAAAAAAAAAAAAAA!!!!
Of course the CEO is just a puppet. He's up in Michigan trying to run and make a go of his own struggling business. The same goes for the "Directors". NONE of them are in FL running this company! There's NOTHING to run anyway, except the SCAM! CMR and PV can handle that, they've got LOTS of experience!
I think we're looking forward to a flurry of dumping until it sits at NO BID. Then an R/S accompanied by a story "adjustment", rinse, repeat until the bagholders finally wise up.
Yup, the truth slowly coming out that DudS r US is nothing more than a reseller of other's products.
The company's lies are being exposed.
"I think someone recently referred to Chinese products as "crap""
That was before it was PROVED that DudS r US' "Made in USA" products are actually MADE IN CHINA!
Yup, that "Chinese crap" argument will not work anymore, not that it ever did. "Made in USA" is just ANOTHER COMPANY LIE!
Did you see yet another new Chinese product being touted today?
No, I didn't notice. Are the reselling another Chinese product or just using someone else's video for promotion again.
Absolutely correct! I read the original agreement. DudS r US is on the hook for at least $3 million+.
All sorts of excuses being "test floated" already. As your picture so aptly shows, it's just a "carrot on a stick". always promised but never delivered. Just more PROOF that this is nothing more than a scam.
Dropping like a stone. Back to where it was and lower soon.
"Banks wouldn't loan money on something they didn't understand."
What's not to understand? Bankers aren't morons. Drone technology is old hat and not that difficult for anyone to understand.
No, banks loan money on a feasible business plan. Buying Chinese drone kits for resale as "Made in the USA", working with shady characters like PV and CMR, charging much more for the crap that one could get it direct from the manufacturer, etc., etc., etc., is NOT really a feasible business plan.
NO Economic Moat!
NO Technological Moat!
NO Tangible Assets but PLENTY of Liabilities!
Plenty more NO's on the list.
What they DO have an abundance of is LIES, Liabilities, HYPE and SNAKE OIL! Not to mention PLENTY of ESTABLISHED COMPETITION who can supply MORE, CHEAPER and FASTER than DudS r US could EVER hope to.
THAT's why banks won't lend money.
Hope that helps......
I believe you are correct that one has already distanced himself from this mess. Hopefully, more will follow suit if they are paying attention to things. However, greed can overcome the moral scruples of some. I can only hope that will not be the case.
I would think a potential investor should hear the negatives BEFORE throwing hard earned money away. Anytime a company's management is caught lying to the public, it is very important to know.
Misleading investors..... That's how companies get suspended and sent to the grey market, a potential action that can create a total loss for shareholders.
If they lie about little things, they will LIE about the BIG things.
EXACTLY! I only hope that these people have been duped and are not willing participants, using their past military connection in a scheme to defraud gullible investors.
BULLSHIT!!!! As a former Officer, I am ashamed of these people connecting our Armed Forces with this Stinky Pinky SCAM!
THEY ARE THE SCUM OF THE EARTH!
It's never a good sign when a company starts out lying to investors and these guys have told some whoppers! The only reason for a company to lie to investors is to perpetrate a FRAUD.
Despite the HYPE and OUTRIGHT LIES being spread by the company, the only thing this company is producing is HOT AIR and SHARES!