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Tuesday, April 28, 2015 6:50:56 PM
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.
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