Replies to post #77996 on Drone Services USA Inc. (DSUS)

[Seaam]

I am confident that no loan will close. The fundamentals are not there. The five C's of credit management are not there: 1) capacity, 2) character ( boy is that missing based on Peter's history), 3) collateral, 4) capital ( zero net worth for GAAP financial), and economic/industry 5)conditions (a lot of distressed ships, poor economy, lots of competition in South Florida, discretionary spending). That is why most traditional world maritime banks have closed their shipping departments.

It would be very unlikely that anyone would loan PV anything. It is very high risk. I am very skeptical. Recommend only solid proof and no acceptance of unverifiable PR or other announcements.

Look at Ocean Star Pacific and that disaster (no working capital, abandonment of crew). Peter proved he had no business management skills, he is a maritime mechanic effectively. No marketing, finance, personnel, etc experience. Heck, he has not been even able to meet a shore-side payroll ever.

[elvisonfire]

dude--i dont know--i cant keep any of this straight--first greece to turkey cruises then a merger with hydrekia then privat yacht runs to some island near bimini--2 5 and 7 day cruises around greece--unmanned airial drone company spinoff--dividends --.50 cent a share by year end--pending contracts and phantom ship purchases--oh and a website designed by a high schooler--what was the question again?--cause i cant even qualify or quantify this craziness about a 16 million dollar loan--e