Replies to post #68996 on Drone Services USA Inc. (DSUS)

[Mark921]

Again I say it's moot.

We don't know the other side of the story...only yours. When only one viewpoint is published, it's absolutely meaningless until the other side is heard.

As I stated previously, I am completely confident the other side was justified in his actions.

You should have taken the restricted shares.

[GS1]

Seaam,
The creditors usually accept shares or combination of shares and other assets (if any) as collateral. The terms are usually for 3-5 years period before company can repay them once it is profitable. It is upto them to decide whether they are dilutive or non-dilutive. The authorized shares will become restricted shares before they are converted. They will get converted usually per quarter but in this case we don't know the terms as there is no 8K.

I have seen companies issue more shares in case of aged debt once it goes to the court for settlement. Creditors don't usually go through bankruptcy process because they know they will get nothing in terms of selling their assets. Shares are more liquid than other assets company.