Drone Services USA Inc. (DSUS)

[Cassandra]

Kerry (PG), a company representative, announced in a non-public conference call on 12/11/13 that the company had negotiated with a shareholder to redeem and retire 500 million shares and were working on another 250 million. The bizarre thing is that the day before the CC, PVEC increased the AS by 1 billion so at best it was one step forward and two steps backward.

She also announced that corrective PRs need to be issued as some of the previous ones were not authorized. No corrective PRs have been issued.

Transcript: https://pveinternational.com/Documents/PVEC_CC_12_11_13.pdf

PVEC has undergone massive dilution in the last few months. At the begining of the year, the OS was less than 249,000,000. As of 9/30/13 it was 2,971,825,050!!! -- More than a tenfold increase! Most of the new shares were issued as free-trading for convertible debt.

It is unknown how many of the free-trading shares have yet to be dumped into the float. By the looks of today's record volume and minimal increase in share price, it looks like some of those new shares are being dumped.

Increases to the number of authorized common shares per the NV SoS:

12/8/09: 249,000,000
2/23/13: 494,000,000
6/04/13: 529,500,000
6/20/13: 744,000,000
8/20/13: 1,944,000,000
10/17/13: 2,994,000,000
12/10/13: 3,994,000,000

https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=uyx9DfdRU25WJll%252fgaY8sQ%253d%253d&CorpName=PV+ENTERPRISES+INTERNATIONAL%2c+INC.