When unregistered, non-exempt shares are illegally (fraudulently) sold on the public market as in the case of DSUS/PVEC, perpetrators buying shares on the open market supposedly to replace them does nothing to avoid legal penalties including any court-ordered disgorgement of illegal profits. It wouldn't reverse what they did. The victims of the fraud are still out the money they lost.
What's really sad is that Kerry Thacker and Jason Baker preyed upon victims of the PVEC scam when they reorganized and promoted the stock-selling scam using or cooperating with the people who became the BOD of Drone Services USA, Inc. Kerry apparently knew of the Wells Notice (which is notice from the SEC of an intent to file an enforcement action) when she acted as a consultant (agent) to the new BOD. It's unknown how much Jason, who did the website work promoting false information, knew about the probable enforcement action but he is not innocent in the scam. Jason also created websites with extensive false information for PVEC (fka VDSC) under Peter Villiotis.
The two of them gained the trust and confidence of some former PVEC shareholders who unfortunately "threw good money after bad" by buying the worthless stock of DSUS after already losing money on PVEC.
Kerry relentlessly attacked people who warned about fraud with PVEC and DSUS, claiming people like me worked for hedge funds or toxic funders and were the ones acting illegally and not to be trusted. Kerry and Jason went so far as to turn the old PVEC website into rants about me and another poster.
Kerry, Jason and the Directors of DSUS used the same kind of private communications and restricted shareholder conference calls used when Kerry and Jason were part of PVEC. There were also claims that anyone who harmed the stock would not qualify to redeem any Series C shares they held. Kerry did much to make her devotees feel special and protected.
It is ALWAYS a HUGE red flag when companies start treating some shareholders as special -- on the inside track.
Who was really profiting from the sale of the free-trading stock issued after the reverse split (especially in the 30 days following the split when the new shares weren't delivered to retail brokers)? The truth is now being revealed.
Kerry, with the cooperation of DSUS officers and directors who allowed the release of false and misleading press releases over several months, made assurances that the $3.85 million owed in Series C Preferred Shares would be redeemed when it was obvious that no legitimate company would ever assume such a huge debt for nothing in exchange.
The DSUS directors, who are incredibly naive and gullible if not outright dishonest, appear to have believed that Kerry was some sort of penny stock legal expert and that if they merely said they "intended" to redeem the preferred share certificates, they would not be obligated to do so if they disclaimed the use of the word "intend" in a "forward-looking" language disclaimer. It would not surprise me to see additional complaints regarding more recent events added by the SEC.
DSUS (PVEC) is defunct and no one should risk buying the stock. I'm surprised that the SEC did not issue a 10-day trading suspension along with the complaint. Such a suspension would relegate the stock to the grey market.
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