Drone Services USA Inc. (DSUS)

[jgriffin]

Homer and Subs!!! READ

Let clear this up for the "face value" v. Par value argument for those who think FACE VALUE means MARKET VALUE.

It does not... FACE VALUE means PAR VALUE.

Same goes for scalping tickets. Selling a ticket at FACE VALUE is selling it at the ISSUER'S STATED VALUE. if its a crappy concert and no one is attending the MARKET VALUE of that ticket goes down but the FACE VALUE stays the same. If its a sold out awesome show... The MARKET VALUE goes up and you can sell it for more.

"Par value, in finance and accounting, means stated value or FACE VALUE. From this come the expressions at par (at the par value), over par (over par value) and under par (under par value). Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price. "

the PR states preferred may be redeemed at Face Value because to use the terminology "redeemed at par value" is incorrect terminology.

"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"

NOTICE IT STATES IN THE PR THAT THE FACE VALUE OF THE STOCK IS $.20

Its semantics. But make no mistake... These preferreds will be redeemable for $.20 per share.