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Cross trade 1 miliion shares at .013136 just now.
8k News! "The Commonwealth of Kentucky Awards Drone USA a One-Year Master Agreement to Supply All Kentucky State Agencies with Drones, Unmanned Aircraft Systems and Accessories"
https://ih.advfn.com/p.php?pid=nmona&article=77940021
https://www.otcmarkets.com/filing/html?id=12874381&guid=GAHoU6XpGG7XGth
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 23, 2018
Drone USA, Inc.
(Exact name of registrant as specified in its charter)
Delaware 000-55789 30-0967943
(state or other jurisdiction
of incorporation) (Commission File Number) (IRS Employer
Identification Number)
16 Hamilton Street, West Haven, CT 06516
(address of principal executive offices) (zip code)
___________ (203) 220-2296 ________________
(registrant’s telephone number, including area code)
_________________________________________________
(former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 8.01 Other Matters
On July 23, 2018, the registrant issued a press release disclosing that the Commonwealth of Kentucky awarded the registrant a one-year master agreement to supply drones, unmanned aircraft systems and accessories to Kentucky state agencies. The contract may be extended at the completion of the initial contract period for four additional one-year periods. The foregoing is a summary of the terms of the press release and is qualified in its entirety by the press release attached hereto and incorporated herein as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
( d) Exhibits: The following exhibits are filed with this report:
Exhibit No. Description
99.1
Press Release dated July 23, 2018
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 26, 2018 Drone USA, Inc.
By: /s/ Michael Bannon
Name: Michael Bannon
Title: President and CEO
2
Exhibit 99.1
The Commonwealth of Kentucky Awards Drone USA a One-Year Master Agreement to Supply All Kentucky State Agencies with Drones, Unmanned Aircraft Systems and Accessories
WEST HAVEN, CT – Accesswire – July 23, 2018 - Drone USA, Inc. (OTCQB: DRUS ) (“Drone USA” or the “Company”) , a service provider and reseller of drones and distributor of products to the U.S. Government, today announced that the Commonwealth of Kentucky awarded Drone USA a one-year master agreement to supply drones, unmanned aircraft systems and accessories to Kentucky state agencies. The contract may be extended at the completion of the initial contract period for four additional one-year periods.
Michael Bannon, Drone USA’s Chief Executive Officer, commented, “we are extremely excited to be part of Kentucky’s statewide drone program. There are so many uses for drones. Drones help reduce costs, making work more efficient and safer while providing security, protecting the environment, mapping, conducting inspections and much more.”
About Drone USA, Inc.
Drone USA, Inc. (OTCQB: DRUS ), headquartered in West Haven, CT, is a service provider, manufacturer and reseller of drones and distributor of products to the U.S. Government. Its competitive advantage stems from offering superior service, high quality products and establishing and maintaining life-long customer friendships. Its primary markets are U.S. police, firemen, U.S. industry and the U.S. Government.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans, “anticipates,” “expects,” “believes” or similar words. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in our Form 10 filed with the U.S. Securities and Exchange Commission.
Contacts:
Michael Bannon
Chief Executive Officer
mike@droneusainc.com
Hayden IR
Investor Relations
(917) 658-7878
hart@haydenir.com
16 Hamilton Street, West Haven CT 06516
181 million shares traded and it's only lunch time. Folks better grab your tickets for this afternoon. $DRUS
That filing mid day was nice doog! Just like what we had thought would happen if it did. Look at DRUS go. Can't wait to see new highs this afternoon or during PH.
Nice!
Big money has bean cleaning him out, that's for sure. If we find out that the company has been buying all the notes this whole time, things will go parabolic here.. $DRUS
Did you see that Cross Trade? 21,611,752 at .013503 that was $291k worth. Wow... $DRUS
Just saw that to 21,611,752 @ .013503 $291k worth. Wow... $DRUS
Wowzers 67 million shares and counting in 1/2 hr of trading. $DRUS
For sure. If they drop an 8k mid day about the notes or another PR. You better get off the tracks because this train isn't stopping for anyone.
Best of luck to you today! $DRUS
Morning doogdilinger! Looks like it's almost go time for DRUS. CFGN keeps putting up 500k ask blocks but it keeps getting smacked and he keeps backing off on the ask. The notes have to be getting real close to done today for sure. $DRUS
Nice to see it bounce off the 50(MA) today. Had bid's in around that area and happy to see them get filled. I have no fears in averaging down knowing what the potential here is going forward. Have great weekend everyone and let the chase begin next week. $RDGL
Or maybe some insiders buying more shares again. Lol
Just saw that cross trade 3,900,000 at .009838 just hit $38k worth. $RDGL
Are these silly sellers finally done bid whacking? Seems like they are trying to hit the MA(50). I don't mind averaging down if need be. $RDGL
Bought some more during this lunch time dip. Consolidating now and chart has reset. $RDGL
This stock is strong with the low float in play. Any update from the company it would go parabolic. $RDGL
I saw that they used ASCM to scare folks this morning. Now he is on the bid. lol That MA(200) on the chart looks really doable. $RDGL
Bought some on this dip. Hopefully it can break .017 today. $RDGL
For CELZ to enter the Russian market is really significant for the company to commercialization CaverStem in Europe. I think this will lead to more contracts in other countries going forward. I don't post here much but bought shares of CELZ in the 3's and have been monitoring it since. I saw all those million shares being bought up yesterday so somebody knew that this news was coming. This is my long term hold so I don't need to worry about the day to day noise. I appreciate all of your efforts and everyone else that is true longs here. GLTY $CELZ
Great news this morning with the signing of an exclusive contract with Promo Med Russia for the commercialization of its CaverStemTM technology. $CELZ
Creative Medical Technology Holdings Announces Caverstem Contract For Russia
https://finance.yahoo.com/news/creative-medical-technology-holdings-announces-121500249.html?.tsrc=rss
http://www.promo-med.ru/
https://www.linkedin.com/company/promo-med
Promo-med
Location: b. 1, 4 Protopopovskiy per, Moscow, Moscow, 129090, Russia V
Revenue: $2.2 Million
Employees: 11
https://www.zoominfo.com/c/promo-med/372761484
That's definitely nice news to start the day. More contracts awarded by the U.S. Govt! $DRUS
Drone USA Awarded $659,000 Contract to Supply the U.S. Government with Diesel Cylinder Heads
https://www.accesswire.com/505809/Drone-USA-Awarded-659000-Contract-to-Supply-the-US-Government-with-Diesel-Cylinder-Heads
WEST HAVEN, CT / ACCESSWIRE / July 19, 2018 / Drone USA, Inc. (OTCQB: DRUS) ("Drone USA" or the "Company"), a service provider and reseller of drones and distributor of products to the U.S. Government, today announced that its subsidiary, Howco Distributing Co. ("Howco"), received a $659,000 dollar contract to supply the U.S. Government with diesel cylinder heads.
Michael Bannon, Drone USA's Chief Executive Officer, commented: "Melissa worked hard on this contract and it paid off. I love managing the Howco employees; they know and embrace where we are heading."
Matt Wiles, Howco's VP of Business Operations, stated: "Historically this is not the type of contract Howco wins, but through developing a partnership with our supplier, we are now competitive. We expect to win many more contracts like this one because of the tenacity of our staff and a great supplier on the other end."
Melissa Fradenburg, Howco's Lead Estimator, stated: "This contract win gives us a real boost as we all have the same goal; help our warfighters, keep local companies busy, and further show what Howco is capable of."
Another Cross Trade 2,500,000 @ .009214 and 2 911 MM signals. Lol Things could get interesting during PH. $DRUS
Good to see you here doogdilinger! It's been awhile but looks like you have another winner here my friend. Glad to be in this play with ya and many others. $DRUS.
.01 break coming fast today and I hope that your prediction is correct for the rest of the week. $DRUS
I hope so..
Keeping my fingers crossed that it is for today and that we can get back over .01 this afternoon. $DRUS
Looks like another Note 7,279,236 cross trade @ .009013 that's $65.6k. They got to be getting be close now.
Dip and rip. Added more 8's. Hopefully back over .01 this afternoon when most of the notes are done today. $DRUS
Saw that 10 million on the bid @ .0087. Took a starter here DRUS looks ready to go..
The ER will be released Monday before market and a conference call will follow at 10:00 a.m. eastern time. Hopefully details of this deal, who the contract is with, restructuring of their debt and future guidance will all be talked about in the CC. They must have something up their sleeve to schedule a conference call just after. Hopefully that is a good sign of confidence going forward with this new CEO. $BBOX
It sure is a beautiful day in the BBOX neighborhood! LoL
On watch for possible update. Hitting $2.30's from the low of $1.88 today. $BBOX
75k shares on the ask just got bought at $2.23 a minute ago. Consolidation might be done now and getting ready for the next leg up. $BBOX
Black Box Corporation Named to the Top 50 in CRN’s 2018 Solution Provider 500 List
https://globenewswire.com/news-release/2018/06/12/1520525/0/en/black-box-corporation-named-to-the-top-50-in-crn-s-2018-solution-provider-500-list.html
LAWRENCE, Pa., June 12, 2018 (GLOBE NEWSWIRE) -- Black Box Corporation (NASDAQ:BBOX), the trusted digital partner at the intelligent edge, announced today that CRN®, a brand of The Channel Company, has named Black Box to its 2018 Solution Provider 500 list. The Solution Provider 500 is CRN’s annual ranking of the largest technology integrators, solution providers and IT consultants in North America by revenue.
The Solution Provider 500 is CRN’s predominant channel partner award list, serving as the industry standard for recognition of the most successful solution provider companies in the channel since 1995. The complete list will be published on CRN.com, making it readily available to vendors seeking out top solution providers to partner with.
Black Box is an industry leading provider of intelligent edge technologies across the globe. The company’s Commercial Services business unit’s robust portfolio includes best-of-breed solutions in mobility, unified communications & collaboration, structured cabling, and edge services including: day 2 support, managed services, on-demand services and project services.
The Technology Products Solutions business unit provides a wide range of award-winning products that help enterprises design and secure their networks including the recently introduced Emerald™ Unified KVM Platform. It is the first-ever converged KVM solution that supports both IP and direct connections, physical and virtual desktops and servers, and mixed resolutions up to UHD/4K. You can learn more about this revolutionary product here.
Black Box’s Government Solutions is a global network and communications systems integrator offering complete lifecycle support services across a broad array of industry leading intelligent digital edge products and software for United States Armed Forces, Civilian Agencies, and State and Local Governments. The business unit launched its first proprietary product, Acuity™ Tactical Edge Micro Data Center. Acuity can replace truckloads of equipment and up to 20 personnel, and be deployed within hours even in adverse field conditions. You can learn more about Acuity here.
“Black Box is honored to again be in the Top 50 on this distinguished list. It is a sign of the tremendous value Black Box employees deliver to our customers on a consistent basis,” stated Joel Trammell, CEO and President of Black Box Corporation.
“CRN’s Solution Provider 500 list spotlights the North American IT channel partner organizations that have earned the highest revenue over the past year, providing a valuable resource to vendors looking for top solution providers to partner with,” said Bob Skelley, CEO of The Channel Company. “The companies on this year’s list represent an incredible, combined revenue of $320 billion, a sum that attests to their success in staying ahead of rapidly changing market demands. We extend our sincerest congratulations to each of these top-performing solution providers and look forward to their future pursuits and successes.”
The complete 2018 Solution Provider 500 list is available online at www.crn.com/sp500 and a sample from the list will be featured in the June issue of CRN Magazine.
Black Box: CEO Joel Trammell Is Making Bold, Promotional Statements In Interviews
https://seekingalpha.com/article/4186449-black-box-ceo-joel-trammell-making-bold-promotional-statements-interviews
60k share buy at $2 just a few minutes ago. Something must be up. Hopefully news after hours or just shorts covering. Will see. $BBOX
No problem. GLTY
Sure does. Grabbed me a starter on this lunch time dip just in case.
Black Box CEO: There Are 'Multiple Bidders' For Federal Services Business
https://www.crn.com/news/channel-programs/300106196/black-box-ceo-there-are-multiple-bidders-for-federal-services-business.htm
byO'Ryan Johnson on July 9, 2018, 10:42 am EDT
Black Box CEO Joel Trammell told CRN that the company's 8-K filing last week with the U.S. Securities and Exchange Commission overemphasized the risks it faces if it doesn't find a buyer for its federal services business.
“Lawyers like gloom and doom,” he said. “Short of the zombie apocalypse, I think we covered everything that was possible to happen. Obviously, you don’t have a buyer until the deal closes, but we do have multiple bidders, and I would be shocked, of course, if the deal did not close on schedule.”
Black Box also last week secured a $10 million deal with a “social media giant” to build out a sprawling data center in Ohio – a deal with the potential to generate $300 million
In the 8-K filing, Black Box said it must sell off the unit to pay down $155 million in debt, an amount that has remained steady and not increased, Trammell said. With more than one buyer lined up, he said he expects to have a deal soon.
“We are well down the path of that process,” Trammell said. “We anticipate closing on that transaction by the end of August. We’ve got multiple parties who are in the process, and so we do not yet have a signed deal. We should have a signed deal by the end of the month.”
When Black Box released the 8-K last Monday, which predicted the company would run out of money by the end of the year and that if a sale were to fall through it may need to consider bankruptcy, stock prices fell below $1, its lowest level in at least a year. On July 17, 2017, Black Box shares closed at $8.20 and on Friday closed at $2.03.
Trammell said the SEC filing failed to account for the actions the Lawrence, Pa.-based solution provider taking to confront the obstacles it is facing.
“What that was saying is if we did nothing [there was that potential action],” he said. “If we don’t sell the federal business. If we’re not able to restructure the debt then, obviously, if the banks want their money back they can put us in default at that point, and could effectively lead to some sort of bankruptcy. Obviously, we’re going to take actions. We’re going to sell the federal business, were going to restructure the debt. If the banks want to drive us into bankruptcy, if they thought that was the appropriate thing, they could have done that previously. That’s clearly in no one's interest.”
He said the company has made no steps in that direction and remains committed to a profitable future.
“Bankruptcy probably takes four to six weeks to prepare,” he said. “We’ve spent no effort. We’ve spent zero dollars. We’re not thinking about bankruptcy. So, yes, that is the worst case. We can’t be absolutely certain we're going to close the federal deal. We can’t be absolutely certain we're going to restructure the debt. But those are highly likely events.”
Not only will Black Box remain in business, Trammell said, he expects it to grow over the next two years.
“I’m very confident when I tell you that each of our businesses -- the federal services, commercial services business and the products business -- will grow over the next two-year period,” he said. “They’ll be bigger two years from now than they are today. We did have a decrease in revenue in the commercial services business. We’ve stopped that fall. All the signs I see is that we’re going to continue to grow all three of our businesses over the next couple years.”