Drone Services USA Inc. (DSUS)

[Stevenkel2001]

Series C Preferred Stock is a preferred stock that will be restricted from redemption for six (6) months from the date of issue and has a par value of $.20 (twenty cents). Series C stock will be issued in certificate form and mailed to all shareholders of record beginning the following week after recording, the week of March 17th, 2014, arriving to shareholders by mail. Beginning September 17th, 2014, certificates will be eligible for redemption for face value in cash or $.20 worth of PVEC common stock. In the event the price per share is higher than face value of $.20 (twenty cents), the Preferred C Series Stock may be redeemed for 1 (one) share of common stock at the current price per share. There will not be partial shares issued or cash issued in lieu of the Preferred Series C Stock. Any shareholder retaining less than 175 shares of common stock in PVEC on the record date will forfeit the right to receive the Preferred Share

Homer, Correct me if I am wrong but you can cash in.... or ... get .20 cents of common stock. So, if the stock at the time is worth 1cent then you can cash in for 20 shares................


Am I wrong anyone?