Replies to post #57305 on Drone Services USA Inc. (DSUS)

[Seaam]

I am just relying on the SEC filings that have been filed in the past six months. The majority of shares issued were for services (i.e. free shares - no actual cash) according to the SEC filings.

These shares are hitting the market now and have been. In my opinion. the recipient has effectively no cost basis, and it is in their best interest to mitigate any risk and sell...at any price is a 100% cash profit.

In March 2013, many of these shareholders received tax notices that they must declare their shares at date of non-restriction share price....even if they hold the shares indefinitely. Thus they have to pay taxes on the shares received upfront.

VERY FEW SHARES HAVE BEEN SOLD (SUBSCRIBED) WITH PAID IN CAPITAL TO THE COMPANY TREASURIES. Some, a minor amount, has gone to a few employees (5 or 8) connected with the Ocean Star Pacific. Most have been issued to promoters, former chairman and treasurer, facilitators, brokers, etc.

The list is on the SEC filings.