Drone Services USA Inc. (DSUS)

[wiltonweather]

Would someone kindly explain the information below, which is copied directly from the information above the message board. I'm simply looking for information & explanations, not trying to bash the company. I own 2 million shares, which I tried unsuccessfully to sell earlier today. If someone can clarify all of this disconcerting information, perhaps I will keep my shares. My other 2 posts from earlier today were deleted, as I expect this one will be. If so, than I'll know for sure that the moderators don't want the truth to be told. I'm looking for positives as to why I should continue to hold VDSC. The information below concerns me and I believe should concern anyone who's new to VDSC. Had I done my proper DD; I never would have entered the stock. Now that I'm in, please provide legitimate reasons for me to stay in. Thank you.


Past History

ALAS-PV Enterprises, Inc. Announces Purchase of Cruise Vessel
Posted January 2012

PV Enterprises (Pink Sheets:VDSC) is pleased to announce the company has placed a down payment to acquire a 27000 tonnage 600 feet long Oceanliner Cruise Vessel. This magnificent Cruise ship has luxury accommodations, large public spaces with 650 seats dining room, Bistro, Disco, 5000 Sq Feet Casino, Main Show Lounge, and seven bars to accommodate 1200 passengers and 600 crew members. This vessel will be used to fulfill the obligations of a signed charter agreement with Yeosu Expo 2012 in Korea for four months. (http://www.worldexpo2012.com/). http://www.koreaherald.com/business/Detail.jsp?newsMLId=20110511000928 http://eng.expo2012.kr/is/ps/unitybbs/bbs/selectBbsDetail.html

PV Enterprises defaulted on this charter. Never delivered a vessel to the Korean Expo. No reveneues were ever recognized or earned on this charter. Defaulted on lease of a replacement vessel that was to be placed at the Korean Expo, the m/v Ocean Star Pacific, at a loss of millions of US Dollars to the company. PV Enterprises has not returned initial deposit of $2.2 million back to Korean Expo.Korean Charter required Mr. Villiotis, PV Enterprises (PV), to deliver vessel to Korea at PV's own expense. Koreans, in good faith, advanced $2.2 million to PV. PV had a Loss of Charter Insurance policy guaranteeing the charter rate if PV delivered a vessel to Korea. Vessel(s) Mr. Villiotis personally selected were not sea worthy and certified for repositioning to Korea. PV was unable to get the vessel(s) certified for the transit to fullfil the contractual obligations.


PV Enterprises has completed the reverse merger into ALAS
Posted December 2011

PV Enterprises has completed the reverse merger into ALAS and is moving forward to build a dynamic global shipping company. Peter Villiotis Chairman stated, "This is a first step and a major step in creating a global shipping company that has been promised to our investors.Peter Villiotis was 100 % owner of PV Enterprises prior to the reverse merger as well as CEO of SAENZ Corp., which was acquired by ALAS International Holdings in May of 2011. Peter Villiotis is now the majority shareholder On or about December 12, 2011, the Company acquired PV Enterprises, Inc. through a reverse merger. The Company issued 34,500,000 shares of ALAS common stock to Peter Villiotis in exchange for 100% of the shares of PVE.
Other Disclosures

(The "Intro Box" is NOT maintained by Alas International Holdings and is intended solely as a quick information source on ihub. For more detailed, up-to-date information on Alas International Holdings, please go the company website.)

The following postings are made by moderator Seaam. Seaam is the longest serving moderator on this Ihub site and has over thirty years financial and cruise industry experience. For a brief period in early 2012, he served as a consultant to the company on an independent contractor status. He assisted in the arrangement of several loans to the company that subsequently the company defaulted on and currently company has been served legal notices for these defaults. Seaam is also a creditor of the company and the company has defaulted on its obligations to Seaam. Seaam has no confidentiality agreement with company and is thus able to discuss this public company without restriction. The following disclosures are from pubic record sources.



NO RECENT ANNUAL SHAREHOLDERS MEETING
Posted January 2013
There has been no Annual Shareholders Meeting, or notice thereof, held for the past several years as required by the Bylaws and the Articles of Incorporation.

See Corporate Bylaws link: http://www.otcmarkets.com/financialReportViewer?symbol=VDSC&id=29320
See Articles of Incorporation link: http://www.otcmarkets.com/financialReportViewer?symbol=VDSC&id=29323

STATE REGISTRATION(S) DEFAULTED
Posted November 30, 2012 & Updated Feb. 8, 2013

PARENT
ALAS aka PV Enterprises International, Inc. - defaulted non current state registration exists for the parent company, Business License expired 9/30/2012.
Nevada State Registration:
See link: http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=uyx9DfdRU25WJll%252fgaY8sQ%253d%253d&nt7=0

SUBSIDARIES

SAENZ CORPORATION - "not a statement of good standing" exists for the subsidiary:

Delaware State Registration:
See link: https://delecorp.delaware.gov/tin/controller

PV ENTERPRISES, INC. - 2013 Annual Statement not filed, Last Annual Statement (the 2012 Annual Statemen)t filed 1/3/2012 Active Status (company will be in default May 31)

Florida State Registration:
See link: http://search.sunbiz.org/Inquire/Corporation/GeneratePDF?tiffID=domp-p99000069552-7d09ba91-ed94-4f1d-9884-7f3f70a78f75_3ad3f115-a932-490c-9693-dc9cf1464404&dID=P99000069552

Current Registered Agent Name & Address
VILLIOTIS, PETER
1745 E HALLANDALE BEACH BLVD
# 2406W
HALLANDALE BEACH FL 33009 USA
(this is also the personal residence of Peter Villiotis)


VACATED OFFICES
Posted December 19,2012

Company vacated offices and disconnected telephone(s) week of November 20, 2012 without notice at Lauderdale Marine Center. Contact via US Postal Service on Dec 19 shows "attempted delivery - not known, unable to forward". No forwarding address on record with US Postal Service. Lauderdale Marine obtained a Judgment of Default against PV Enterprises and this judgment is on file with Florida Secretary of State.

Old Address:
Lauderdale Marine Center
2015 SW 20th Street
Suite 220
Fort Lauderdale, FL 33315


Telephone Number(s) for CEO Peter Villiotis, as posted on the Board or used in the past by him:
954-999-8790
954 478 6622
727-736-4724
551-959-0000
305-903-1777
866-610-1825 (fax)

E-mails used:
[e-mail] (appears to be active)
[e-mail]
[e-mail]
[e-mail]

Investor Relations
954-306-6242
954-603-3339 alternate number used on several PR's
Posted May 5, 2013
Company has not disclosed several Significant Lawsuits

The company is involved in several lawsuits for defaults in amounts borrowed by the compan and/or its subsidiares. The following is not a complete list, but is indicative of several types of these lawsuits.

a) Former ALAS Director and Investor, Larry Salzant, has filed a lawsuit for approximately $1 million USD. CEO Peter Villiotis has missed several discovery hearings. Larry loaned monies to ALAS on a secured A/R factoring basis and the monies were not returned as agreed and the securities were not protected by the company. Lawsuit is nearing judgment phase.

b) A Texas investor loaned some short term monies to ALAS on a thirty day basis, approximatley $200,000, CEO personally guaranteed the majority of the borrowings via a promissory note. Service notice has been delivered to PV Enterprises and a default judgement is being entered.

c) There are several recent judgements entered at the Florida Secretary of State. Two are with maritime service / equipment providers and one is with Lauderdale Marine. Lauderdale Marine was the former landlord of the companies offices. Also, the principles of Lauderdale Marine loaned monies to ALAS that have been defaulted on.


Posted Nov. 20, 2012
Analysis of 2nd Quarter, 2012 Report –

Quarterly report showing assets of $12.9 million dollars. These ALAS assets are based on "stock only exchange" of VDSC stock, value at market on date of transaction, traded for the assets and liabilities of PV Enterprises and Saenz. Neither the subsidiaries individual asset's fair market value by appraisal nor related debts have been disclosed in the ALAS financials. According to the 2011 and 2012 SEC filed financials, ALAS aka PV International Holdings had zero revenues for both years. Operating results and losses of both wholly owned susidiaries are not consolidated in the financials. The liabilities and losses of the m/v Ocean Star Pacific ship charter nor default for the Korean charter have not been disclosed. Financials have never been audited. There are millions of dollars owed to defaulted vendors, strategic partners, loans, (from investors, employees and consultants, and short-term borrowerings), primarily via SAENZ and PV Enterprises subsidiaries, that are not disclosed in the ALAS financials for their wholly owned subsidiaries. Some of these borrowings are personally guaranteed by the CEO and could affect the CEO's personal ownership interests if not repaid.

ALAS International Holdings, Inc. aka PV Enterprises International, Inc. (VDSC) Announces Stock Dividend to Its Shareholders

ANALYSIS - posted Feb 8, 2013
For spin-off of Red Tide, a minority interest will be issued, approx. 39% of common stock (3,000,000 shares) in Red Tide to ALAS Shareholders on a conversion basis of 125 ALAS shares to 1 share of Red Tide (a conversion rate .008).

The underlying Agreement terms, made in June 2012, between ALAS and Ed Salmon/Al Ayres, authorizing this TRANSACTION has not been disclosed to the Shareholders and probably would be required under the new transparency rules. The ALAS Board resolution, dated June 30, 2012 and as referenced in Red Tide's S-1, probably requires ALAS Shareholder approval as required under ALAS Bylaws and Articles of Incorporation. Compound this with the ALAS Board that has not been formally elected in the required annual meetings and that have not been held for several years.
ALAS International Holdings Acquires Saenz Corp.
Posted May 11, 2011
CLEARWATER, Fla. -- ALAS International Holdings, Inc. (Pink Sheets:VDSC) today announced that they have acquired 100% of the SAENZ CORPORATION, a Delaware corporation, and its $20 million in assets.


ANALYSIS - PV International recorded $8 Mill on their 2011 and 2012 SEC filed Financials by issuance of stock, not the $20 mil stated above. Although, per quarterly report on May 7, 2011, the Company acquired the assets and operations of Saenz Corporation, USA. Saenz Corporation consisted of three yachts, with a fair market value in excess of the $8 million dollars They show zero operating revenues for both years from SAENZ Corp. Yachts have no current operations. LIENS ARE FILED IN DELAWARE AGAINST THESE YACHTS BY A MAJOR AMERICAN CORPORATION.

The yacht market in the Mediteranean has been severely affected by the world wide recession since 2010. These yachts have no disclosed fair market appraisal and their physical location has not been identified to the public (last known yard was in Turkey for the newbuilds). The existence of these yachts cannot be verified from any company disclosed information. No website exists for Saenz Yachts. Orginally stated were six yachts in press releases and most current disclosure only mentioned three yachts, of which two are uncompleted hulls? The two uncompleted hulls have been listed with brokers since 2010.


ALAS-PV Enterprises, Inc. Announces Purchase of Cruise Vessel
Date : 01/13/2012 @ 9:24AM Source : GlobeNewswire Inc.Stock : ALAS International Holdings, Inc. (VDSC)
Alas Intl Holdings (PC) (USOTC:VDSC) Today : Friday 13 January 2012

PV Enterprises (Pink Sheets:VDSC) is pleased to announce the company has placed a down payment to acquire a 27000 tonnage 600 feet long Oceanliner Cruise Vessel. This magnificent Cruise ship has luxury accommodations, large public spaces with 650 seats dining room, Bistro, Disco, 5000 Sq Feet Casino, Main Show Lounge, and seven bars to accommodate 1200 passengers and 600 crew members. This vessel will be used to fulfill the obligations of a signed charter agreement with Yeosu Expo 2012 in Korea for four months. (http://www.worldexpo2012.com/). http://www.koreaherald.com/business/Detail.jsp?newsMLId=20110511000928 http://eng.expo2012.kr/is/ps/unitybbs/bbs/selectBbsDetail.html

ANALYSIS - This vessel was never purchased by ALAS aka PV Enterprises and no public press annoucement was made regarding the default and non purchase of vessel. The vessel was subsequently scrapped by its true owners, Louis Cruises, via Indian breakers in early 2012.
See link: http://en.wikipedia.org/wiki/SS_The_Emerald YouTube video of SS Emerald at Alang India scrap yard,
See link: http://www.youtube.com/watch?v=c6qwJ7AD8cw

Lasting 93 days ... The 2012 Yeosu Expo is the second international Expo to take place in Korea, following the Daejeon Expo held in 1993.

( The event will be carried out for four months from May 12 to August 12, 2012 under the theme "The Living Ocean and Coast."

The site of the event will be filled with various displays and facilities such as a thematic pavilion situated upon the sea, an international pavilion where participating countries will prepare displays, and the nation's largest aquarium, among others. This charter alone will bring to the company gross revenue of $10,340,000 USD and on board revenue of an additional $3,000,000 USD in the four months alone.

ANALYSIS - PV Enterprises defaulted on this charter. Never delivered a vessel to the Korean Expo. No reveneues were ever recognized or earned on this charter. Defaulted on lease of a replacement vessel that was to be placed at the Korean Expo, the m/v Ocean Star Pacific, at a loss of millions of US Dollars to the company. PV Enterprises has not returned initial deposit of $2.2 million back to Korean Expo. Korean Charter required Mr. Villiotis, PV Enterprises (PV), to deliver vessel to Korea at PV's own expense. Koreans, in good faith, advanced $2.2 million to PV. PV had a Loss of Charter Insurance policy guaranteeing the charter rate if PV delivered a vessel to Korea. Vessel(s) Mr. Villiotis personally selected were not sea worthy and certified for repositioning to Korea. PV was unable to get the vessel(s) certified for the transit to fullfil the contractual obligations. PV never delivered a vessel as per contract and PV DEFAULTED. Koreans made a demand for return of deposit, which PV did not honor. PV was still trying to reposition the vessel to Korea the last three weeks of the Expo. Litigation is pending. NEVER MADE A PRESS ANNOUNCEMENT REGARDING THEIR DEFAULTS .