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Re: RG post# 147711

Friday, 04/22/2016 1:29:16 PM

Friday, April 22, 2016 1:29:16 PM

Post# of 148349
No. In fact their last communication was the open letter to shareholders published on November 18, 2015.

For anyone not familiar with it.....

Open Letter to Shareholders

In the letter they describe some of the problems that led to their resignations and effective dissolution of the company known as, 'Drone Services USA'. These problems include but are not limited to.....

- More than Eight Million Dollars ($8,000,000) of debt, through judgments, liens and outstanding, unpaid promissory notes, in the amount of $8,315,323 has been discovered so far. It is the Board's position that the market should not rely on any financial statements published by the company since at least October 2007 when the company filed Form 15-12B.

- Undisclosed regulatory inquiries of a material nature have been discovered, including a Wells notice.

- A declaration of a dividend using a Preferred C, that was specifically designed for the “nice” shareholders, causing a discriminatory situation. The Board has also discovered that prior management with the help of the consultant sold these shares to business associates.

- Claiming consultant and others were not paid from several years ago, resulting in double payment to these subcontractors, using free trading shares, even though the original issuances were easily traced, and most still in restricted certificate form.

- A press release indicating a reverse merger had taken place, when in fact, no such transaction was completed.

- Inability to rely on the financial information provided, including failure to disclose liabilities and over-stating assets (or in some cases we believe fraudulently claiming assets which do not exist).

- Inability to obtain line by line company financial information, to assist in determining the true nature of the company’s financials.

- Apparent forging of the Company’s authorized representatives signature on significant financial and other corporate documents including the OTC Markets, financials and on free trading stock issuances, of which the Board was unaware.

- Forging of consultant agreements, invoices, and convertible notes in order to obtain free trading shares. Showing proof of payment that went to other companies and for far different amounts.

Please understand this information was intentionally hidden from the Board of Directors and that prior to the Board becoming suspicious (resulting in the engagement of a third party for review), the Board had been relying on its advisor, unaware the advisor was policing email exchanges, and deleting information that could have raised earlier red flags. Once it became apparent that the financials were incorrect and unsubstantiated, the Board issued a warning to the market indicating the previous financials could not be relied upon and began attempting to correct the errors. It is now clear the Board will not be able to correct these errors as well as any of the other issues, and therefore must submit their resignations.



From what the CEO and BOD wrote here, it is quite clear that the reason they resigned was not harassment or slander as has been stated elsewhere. No, the reasons are obvious after reading the above.

After reading and understanding the above reasons, is should be quite clear to any rational person that this company, at least the DSUS/PVEC shell is done.

If, as has been suggested, the officers were to come back and revive the company they would be subject to criminal prosecution for stock manipulation and fraud.


Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.

Good DD IS finding out what the company and CEO do NOT want you to know.