Drone Services USA Inc. (DSUS)

[Captain and Diet]

Good post. I think Peter did not completely understand the full consequences of signing on with toxic debt financing. But he had no choice. With millions in debt from the failed projects and no income source to pay off the debts, he turned to this vehicle of financing. Now he is caught in the classic Toxic Debt Financing Death Spiral and Dilution Death Machine. Hard to get out. Revenues must be forth coming soon to any chance. Unfortunately no revenues sources are seen in the near future.

Now add the FINRA investigation. Company said they contacted FINRA first to investigate irregularities perpetrated upon them. Highly unlikely. More likely FINRA contacted them about them being investigated. Crossing the line with forward-looking statements in their PR’s will do that. Plus compensated but undisclosed promotions will draw their attention.

Ever wonder why they had a conference call to let everyone know they had no business and no deals? Far better to keep the mystery and the allure of forwarding looking statements than to admit you have nothing. More than likely they were advised to do so in order to set the record clean now that FINRA is involved. What you will now get will be PR’s like the last one that will say nothing. No longer will they be able to do those great statements of pending M & A’s. 2014 will be an interesting year.