RE: Debts of the Corporation

The debts have not been satisfied on this Company. They are not going away. Especially since not a lot of posting is being done these debts recently.

Quiet periods like the last two weeks...sounds to me like something is going on behind the scenes.

When one least expects it, the axe will fall.

These liens and debts are the achilles heel...and it will happen with a court summons.

Be careful. Once filed, game will be over IMO.

Truth, Justice, and the American Way.

I had posted most of these before...but suggest one expand lien/ judgment/court search to include all the following for

Dade County, Florida - additional suits / judgments
Secretary of State - Florida additional liens
Secretary of State - Delaware liens and default judgments
Secretary of State - Ohio liens
Secretary of State - New York suit

Also one should research international in Great Britain, Greece, Panama, and Korea.

At a bear minimum, search should include Saenz Yachts (since this represents the only assets of the corporation and has full liens and default judgments - no yachts were locatable), PV Enterprises Inc, PV Enterprises International, Peter Villiotis and aliases (Petrusus?)..

As you will discover, this company is laden with undisclosed debt.

Full written disclosure to Peter as obligated by law. And yes, an independent contractor acting as interim CFO/Financial Advisor until he found someone permanent. What is wrong with that?

I wouldn't let it bother you, what will be will be.

They should have done more due diligence before merging with a dirty shell.

Peter's 55% is still absolute control of the Company,isn't it? Independent contractors arranging financing usually receive a finder's fee (5% is below industry averages). So what's the problem...the problem was greed and dishonesty of Peter.

Sounds like Turner was the "white knight" here,. I can see why he resigned since he could not trust Peter.

Remember, the adjudicated creditors have already been determined by the respective courts the legitimacy of debt. Turner will be a witness to pierce the shell. Wasn't he the interim CFO when these debts were incurred?

Case closed. Maybe Company should get new lawyers and a bigger war chest for their attorney fees.

Settlement is the easy way out.

collecting debts as I have always represented

Actually, I am very happy with the recent change in events.

Pay Certs and not Legal debts...now "that is a joke".

Even to defend Company in bankruptcy court will cost Company estimated 1/2 million $ in legal fees.

It only takes three adjudicated creditors to force a petition. I know it doesn't seem fair or equal, but the Company's defense is going to be bankrupting in and of itself IMO.

See that is the problem..."only debt they intend to honor".

It truly is not the decision of management, but rather a judge and law.

Truth, Justice, and the American Way.

Is Turner Semam? A former interim CFO must know something.

Turner has been on multiple bankruptcy hearings/committees via the surface mining industry and is will aware of the rules and laws.

Mark my words, this Company is going down unless a few select creditors are satisfied.

Are you saying cert debt will be dismissed also?

Nice research, but a lot is missing.

I had posted most of these before...but suggest one expand lien/ judgment/court search to include all the following for

Dade County, Florida - additional suits / judgments
Secretary of State - Florida additional liens
Secretary of State - Delaware liens and default judgments
Secretary of State - Ohio liens
Secretary of State - New York suit

Also one should research international in Great Britain, Greece, Panama, and Korea.

At a bear minimum, search should include Saenz Yachts (since this represents the only assets of the corporation and has full liens and default judgments - no yachts were locatable), PV Enterprises Inc, PV Enterprises International, Peter Villiotis and aliases (Petrusus?)..

As you will discover, this company is laden with undisclosed debt.

I am sure PVECD, PVEC, and Peter Villiotis will be named in the same bankruptcy petition, Bankruptcy courts are very different than regular courts. The Florida judges are paid to protect the creditors and are majorly compensated for discovery of assets. They look for these arbitrary attempts to skip debts.

They just sent a doctor to five years prison for perjury in hiding assets and a similar practice as you have described.

I am sure that Turner, other CFO's, and former legal counsels will attest to non separation of management and the financial books. Also, the prior practice of PV Int'l in settlement of PVEC debts clearly indicate a merging of these two companies interests.

Bottom line, it will be decided in bankruptcy, not here. Suggest best interest would be settlement with the adjudicated creditors to head off bankruptcy petition who have personal and business judgements already determined by the courts.

It is going to get very interesting here. However, I am unsure once named in bankruptcy petition is filed against PVECD, PVEC, and Peter, the OTC rules for disclosure and / or stop trading?

And finally, I guess that will establish/eliminate once and for all Peter's interest, if any, in PVECD.

That scenario is fraught with erroneous thinking and potential fraud and fraudulent transfer of assets issues.

What is more important however, it did not happen in the reverse merger.

RE: Creditors

It appears several adjudicated court ordered creditors have decided to bind together to shut down PVECD in a forced bankruptcy. Just my opinion however for what it is worth. As you know, an adjudicated creditor's claim cannot be disputed in a bankruptcy petition since it has already been validated by the courts. If a bankruptcy petition is filed by the three, than it opens a flood gate to disclosed and multiple unknown undisclosed claims from many sources to the court. It also will become a floodgate for potential criminal actions of false information/perjury provided by new management and prior PVEC management to the court.

IMO, best course of action/interest for new company is to settle in cash with a select few of creditors to forestall bankruptcy filing. I absolutely know the most important, not necessarily the largest, adjudicated creditor, is not interested in any stock what-so-ever...only cash. Too much water under the bridge.

Does anyone know who would be best person to approach for a settlement, i.e. Sahas versus new management versus someone else????

I would truly and sincerely like the new Company to have an opportunity to succeed.

It is going to get very interesting IMO.

Remember, your investment decision is yours alone. I am expressing my personal opinion only.

Probably, they appear to be thoughtful and smart...unless they were hoping for a short-term quick play in their own interests...which would be a conflict of interest.

Company would need to do this to protect their self interests.

The bottom line, bankruptcy reorganization is out of the hands of the Company's management and will be initiated/determined by three adjudicated creditors....who are in discussions among themselves for best course of action and leverage.

The problem with this shell is it exists with substantial creditors who have foregone, until now, a forced bankruptcy reorganization. The creditors, only three judgement adjudicated creditors needed, could immediately force company into bankruptcy in an incontestable bankruptcy reorganization.

Any other analysis is just an ostrich burying its head in the sand IMO.

I am referring to the Judge Ordered Court Determined Judgements and Liens on file, as many times posted on PVEC website.

These are not debatable as they have been adjudicated valid by the court.

Enough exists that only a simple three debtors can force an incontestable bankruptcy.

The true fate of this company rests solely in the actions of the creditors with validated court ordered claims IMO.

That's correct, we are not done with Peter since so many judge's have validated his personal guarantees of the PVEC debt. But it will not be a subject of this board discussion since Peter is out.

His road his coming to a downed bridge IMO.

Sincerely glad Peter cannot hurt investors, debtors, employees, professionals and consultants, etc.... via PVEC manipulations and representations.

Glad a new BoD and new Company is in formation.

But the big elephant in the corner is still there, the debtors, both disclosed and undisclosed and Drone will need to address this.

Drone Services will need to address the debtors...but I am sure they are aware of this as they know general creditors delivering goods, services, and wages have a priority claim over certs/conversion debts in a bankruptcy reorg (if it comes to that).

I see today's events positively.

Glad Peter the Pirate is gone...

maybe his damage and taking advantage of the innocent will stop with him gone...so many people were hurt by him.

There are still the debts my friends and I are owed....over a million dollars counting all my friends. Debts are not forgiven in this reorganization unfortunately....only a bankruptcy judge's order can perform the reorg and develope a clean shell.

For what it is worth, IMO, R/S is positive for common shareholders.

Bears watching very closely for current shareholders to see how R/S is received.. It certainly cannot get any worst for common shareholders IMO.

And PV personally has all the preferred shares, as last reported, convertible to # of common or equivalent of $8 million in common stock value whichever is higher.

Is PV still involved?

Drone Services and using a shell that is not clean. Remember there exists illions of dollars in debts and no verifiable assets.

I wonder if the promoters of Drone Services realize how unclean shell is being utilized? Those massive accumulated debts are not going away.

Further, the 13 billion of common shareholder interests are not going to go away. These shareholders want answers and a real company.

IMO,a clean shell would have been the least expensive and best way to go.

Well said ... prove the real business if any exists.

LOL

reminds me of the type of comment one would received from,...

"a washed out two bid beach t-shirt hawker dreaming of being a billionaire".

Six figures ... let's see, is that .0001 times # of shares owned as a stock valuation basis commitment?

Truth, Justice, and the American Way

PVEC reminds me of ....

"a washed out two bit beach t-shirt hawker dreaming of being a billionaire."

Only in their dreams and fantasy. But real business is based on real contracts, real profits, providing real services, etc.

Don't be mislead by "smoke and mirrors", "forward looking statements", or "deflections"

Truth, Justice and the American Way

Drone Services USA, Inc.

Nevada SOS now shows all active officers as Peter Villiotis. Inactive officers shown are old PVEC officers. Financial Information, shares issued, are same as PVEC was.

https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=uyx9DfdRU25WJll%252fgaY8sQ%253d%253d&CorpName=DRONE+SERVICES+USA%2c+INC.

Interesting.

Truth, Justice, and the American Way

Truth, Justice, and the American Way

So why did a Corporate Communication, first in many (7) months, deflect to Turner and Cassandra. Isn't there any real news worthy of posting?

see corporate website: http://pventerprisesinc.com/

An earlier posting
Quote:
I agree, everyone should read this and then ask themselves ... "what is the business of PVEC?"

That Corporate Announcement is very telling of the direction and manipulation of PVEC.


Smart money needs to wait to see real contracts, real business, and don't be fooled by "smoke and mirrors" or "deflections" or "forward looking statements"...no one is buying it any longer in regards to PVEC.

My original question is thus valid...is the business of PVEC legitimate business (a real business plan) or just attempts at manipulation of investors.

So let's talk about a two week serving Interim CFO from approx four years ago, who was an Independent Contractor/Consultant in order to "deflect" from any true business or discussion of PVEC. Based on past history, I am sure Turner is not going away any time soon. Too much fun.
[/i]

So why did a Corporate Communication, first in many months, deflect to Turner and Cassandra. Isn't their any real news worthy of posting?

see corporate website: http://pventerprisesinc.com/

An earlier posting

Court's Rules of Evidence or the rumor mill. You decide.

Independent Contractor CFO resignation letter has been posted many times. Nothing but innuendo has been posted to refute such.

"not a glitch", it took a human with passcode access to 1st post those Dec 31, 2014 financials, than post the ALAS 2011 financials on 4/23, than post the new Dec 31, 20145 PVEC financials on 4/24. As I stated, a human with passcode access.

It seems that someone is really responding to comments on I-hub considering the new PVEC Corporate Announcement on their website and also the OTC refilings.

As I said and pointed out, a new " moving target" posting, replacing the ALAS 2011 financials.