Drone Services USA Inc. (DSUS)

[Cassandra]

The biggest known debt of Drone Services USA, Inc. (fka PV Enterprises International, Inc.) is the Series C preferred shares which were supposed to have been redeemable last fall for $.20 each in cash.

The most recent quarterly report for PVEI (PVEC/PVECD) shows 18,621,799 Series C shares as issued which equates to a debt of $3,724,360!

This financial obligation should have been listed as a debt on the balance sheet but wasn't. No financial statements have been shown for Drone Services USA, Inc., but it's extremely unlikely that it has an extra $3.75 million in cash ready for redemption of these preferred shares.