Drone Services USA Inc. (DSUS)

[Cassandra]

As CEO of VDSC, Peter Villiotis should not be giving anyone advance notice of press releases, revenue or any other material non-public information. Such selective disclosure could cause him to be in violation of Regulation FD.

http://www.sec.gov/rules/final/33-7881.htm

Excerpt:

Regulation FD (Fair Disclosure) is a new issuer disclosure rule that addresses selective disclosure. The regulation provides that when an issuer, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the issuer's securities who may well trade on the basis of the information), it must make public disclosure of that information. The timing of the required public disclosure depends on whether the selective disclosure was intentional or non-intentional; for an intentional selective disclosure, the issuer must make public disclosure simultaneously; for a non-intentional disclosure, the issuer must make public disclosure promptly. Under the regulation, the required public disclosure may be made by filing or furnishing a Form 8-K, or by another method or combination of methods that is reasonably designed to effect broad, non-exclusionary distribution of the information to the public.

http://www.sec.gov/rules/final/33-7881.htm