Drone Services USA Inc. (DSUS)

[Cassandra]

Who is the unnamed "founder" of Drone Services USA Kerry references and why did she not know his "true identity" when working with him to take over this publicly-traded company? Why was she supposedly working with law enforcement when she claims she first discovered his "true identity" in July?

I was introduced to Drone Services in early February of 2015 by the man that technically founded the group/company known as Drone Services USA. Although I had communicated a few times with this individual via telephone in early and mid 2014 during and after my position with PVEI, I had no communications with him whatsoever between the last call mid 2014 and February 2015 when he contacted me requesting my company's assistance. Mike Elliott, George Purdy & Euan Ramsay were already working with this person and had been for months according to email, text and telephone conversations.

On or about 11 March, I introduced former management (PV) and this "founder" as one indicated a desire to buy a pubco and the other had a desire to leave his pubco. With the exception of being forwarded an intended share restructuring breakdown, their negotiations and discussions regarding this I was never privy to. I was asked if I would assist with necessary paperwork up to the point that counsel had to take over.

This founder was informed of and updated on the Wells until its submission on 31 March. He appeared to have no concern with it and was satisfied with what had been conveyed with regard to the work counsel provided. I believe it was 16 or 17 February that I first spoke to former management since departing PVEI mid 2014.

Working with law enforcement, the true identity of this individual was discovered by me in July after one of the BOD forwarded a very alarming email he received by a potential client. Since he was never officially an employee, officer of the company or under contract in any way and further investigation was being conducted by state police and the FBI, I was informed that we would be contacted with an update and an official report in due course and nothing further was required of us. All present members of the BOD were always abreast of the full extent of the matter.

From her description, it sounds like Kerry is referring to Joe Flores who, along with Mike Elliott, George Purdy, Euan Ramsay and Kevin Haley, conducted an Indiegogo crowdfunding campaign called "Drones to the Rescue" (DTTR) that ran from November 2014 to January 2015:

https://www.indiegogo.com/projects/drones-to-the-rescue-life-saving-drone-technology#/
https://www.facebook.com/dronesindiegogo/
https://twitter.com/RescueDrones

Joe Flores' accountant is shown as having made a $100 donation to Mike Elliot's subsequent crowdfunding attempt named "Drones 4 Hawaii" conducted through Go Fund Me in February 2015:
https://www.gofundme.com/drones4hawaii

If Joe Flores is the so-called "founder" with whom she was working starting in February 2015, I'm not sure why his "true identity" would be a mystery as his relationship with Drone Services USA and DTTR was and is evident in his social media profiles and posts/tweets:

https://twitter.com/DroneDeveloper
https://www.linkedin.com/in/joe-flores-7335159a
https://www.facebook.com/joseph.flores.925059

Flores touted PVEC stock in 2014 though his Twitter account, which currently uses the handle of @DroneDeveloper but apparently previously used @34thArmor (http://twicsy.com/u/34thArmor). This may explain why Kerry claims that she first communicated with him via telephone in early and mid 2014 which was during her time as Director of Internal Operations for PV Enterprises International (PVEC).

Interestingly the DTTR Indegogo fund-raising campaign was conducted in partnership with penny stock company Imagination TV (IMTV). Did anyone involved with DTTR own stock in that company as well?
http://ih.advfn.com/p.php?pid=nmona&article=64525805

Perhaps I misunderstand Kerry's informal emailed rebuttal, but it sounds like she is claiming that she and Peter Villiotis disclosed the Wells Notice as well as the details in the responding Wells Submission to the person she calls the "founder" and that he is the one who didn't disclose such a material issue with those who were appointed to the BOD and took over the company.

I recall that in the brief phone conversation I had with Mike Elliott on 4/20/15, he told me that Kerry Thacker was their "agent" and to call her with any questions:

After confirming that the corporation formerly known as PV Enterprises International, Inc. is now named Drone Services USA, Inc., Mr. Elliot told me that Kerry Thacker is their "agent" and that all questions should be referred to her. He instructed me to call her and gave me the telephone number of 202-322-7182, which is the number published for CM Research, LLC, the company Kerry runs with former PVEI Director of Technical Operations Jason Baker.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112912426

The term "agent" was interesting and causes me to wonder about the nature of the agreement(s) between Kerry and the publicly-owned company and/or the various individual business owners who took over the corporation.

Although Mike Elliott may have used the term "agent" informally, depending upon the actual agreement, there can be a legal duties. http://legal-dictionary.thefreedictionary.com/agent

Was Kerry an "agent" for PV Enterprises International as a public corporation owned by shareholders or an agent representing the individuals who were looking into taking over the corporation? Was she acting as a dual agent trying to represent both the interests of the corporation AND the people taking it over?

Was legal counsel consulted by either the company or the individuals who took it over? Although Simon Kogan was listed on OTC Markets as legal counsel to DSUS, it's unknown if he provided legal services regarding the change of control and leadership or if his role was primarily in writing opinion letters to the TA regarding removal of restrictive legends so that newly-issued unregistered stock would be free-trading.

One of the things I find most disturbing about Kerry's rebuttal is that she admits knowing the company and/or Peter Villiotis had an active Wells Notice of planned enforcement litigation by the SEC yet never gave any indication that there was reason for concern to the shareholders who had confidence in her trustworthiness and may have bought more shares or continued to hold as a result. The shareholders who trusted her are the ones she most seriously betrayed IMO.

I expect the SEC will continue to investigate the company and people involved -- especially now that the entire BOD has resigned alleging the company's "consultant" and its former management of fraud and declaring as unreliable all financial statements issued subsequent to the filing of Form 15 to de-register the stock on 10/4/2007.

Additionally, I continue to be most interested in who received and was selling the new free-trading shares immediately after the reverse split during the approximately one-month period before the new shares were delivered to the brokerage accounts of retail shareholders who held in street name. The "Open Letter to Shareholders" issued by the (now former) Board of Directors may give a hint.

Regardless of any lack of disclosure about the company by Kerry Thacker, Peter Villiotis or others, the people who took over the company as directors and officers accepted a legal fiduciary duty to act in the best interest of the common shareholders. Although they may be trying to appear noble by resigning and giving at least some disclosure that the company has huge problems, at minimum they were incredibly naive and ill-equipped to take over a public company. It should not have taken so many months for them to ring the bell given the numerous press releases, tweets and other communications that touted the company with information that now appears to have been false and misleading all along.

Hopefully the truth of this mess will be publicly revealed in time. The people who own the company - its common shareholders -- have a right to know exactly what happened.