Replies to post #94137 on Drone Services USA Inc. (DSUS)

[Smithdawg]

Peter spoke briefly before PG. For some reason not on transcript.

[roiresearch]

Let's look into what was said about the recent a/s increase.... get your coffee or stiff drink ready

24) Effective immediately, the authorized share count will be increased to 3.994 billion in order to allow the company to complete a collateralized debt consolidation.

25) Please note, too, that the par value has changed from 0001 to 001.

26) In order for the company to complete present negotiations so that we can move forward, pending the resolution of the aforementioned illegal activities with respect to the previously amended share structure , this increase is necessary for our immediate progression and such endeavors will be outlined in upcoming PR's.

Did I miss anything - please advise

Since it was Kerry doing the talking, I have it in red (as noted in the sentence by sentence c/c transcript)

Line 24 says the company is going to complete a CDO. Vague yet interesting

Line 25 says our par value went up 10 fold to .001. How does this effect shareholder value, if at all?

Line 26 says the a/s increase is 2-fold
1) complete present negotiations so that we can move forward
2) pending the resolution of the aforementioned illegal actives with respect to the previously amended share structure

So Line 26, Item 2 is now referring back to Line 15

15) We have identified certain debentures that were fraudulently submitted for conversion multiple times, it was because of these fraudulent conversions that there was an August 2013 amendment to the share structure of PV Enterprises.

As I pointed out last night:

So that would be the a/s raise from 744,000,000 to 1.944 billion issued Aug 20, 2013

That's 1.2 billion shares. It sounds as if 500,000,000 are definitely being cancelled from this tranche. So there is still a net difference of 700,000,000 unaccounted for. Maybe the 250,000,000 is also part of this, so that would still leave an a/s increase of 450,000,000

Now that brings up the share retirement. That would be lines:

22) The company has successfully negotiated with certain shareholders the redemption of 500 million shares of PVE stock.

23) We are presently rendering these stock to the transfer agent for immediate retirement and expect to success fully retire an additional 250 million shares in the very near future.

27) I want to reiterate however, that 500 million shares are in the process of being retired with an additional 250 million expected to be retired as soon as possible.

We are being lead to believe shares are being cancelled. Nov 22nd had our public float at 750,000,000 and the outstanding around 2.5 billion:



Obviously the 750,000,000 shares to be retired can't be from the float, but rather the o/s. That should in theory bring the o/s down to 1.75 billion. So why the need to raise the a/s to 3.9 billion at the same time? And we have been lead to believe there is a shareholder with 1.2 billion shares bring the o/s down to 550,000,000... WOW, this is 200,000,000 less than the float... yet here we sit at .0005

If we bring up valid points, we are considered bashers. We are being asked to look the other way week after week. I would love someone to clarify the following Nov 12th PR and tell me how this fits into my theory above:



So there are 1 billion restricted shares too that I forgot to bring up. I urge our company representatives looking out for all of us to do the math as outlined above and provide with the current share structure as of today and how all of the information above is supposed to fit.

6) Most of you know me as PG and are well aware of my support for this company in my efforts to assist with defending it and Peter against the repeated attacks and lies.

7) As you know my participation in this crusade of sorts mirrored that of many of you I was a concerned shareholder doing my part to protect my investment.

8) However, upon the discovery of certain questionable events and the true identities and motives of a few individuals working with or on behalf of the company, I have since been made a member of the PVE team.

9) As many of you know, resulting from these discoveries we have been working with the authorities to provide them with every shred of information we can in our efforts to identify an d ultimately thwart what appears to be significant manipulation of the pps.

10) Peter and the company have been as transparent as can be and will remain so as efforts continue.

11) As much as I would love to be able to provide you, the shareholders, the full scope of our investigations, such is just not possible.

[Bakovic]

Right before pg he spoke and also at the end very briefly

[Bakovic]

He spoke right before. Pg Kerry did

[Cassandra]

Because Kerry and Jason are now obviously authorized spokespeople for PVEC, their full names, professional and educational backgrounds, roles within the company and the nature of their compensation (cash or shares) should be disclosed, especially for Kerry who also claims on the company's website to be in frequent contact with "authorities" and "regulators" such as FINRA.

Why is Kerry supposedly dealing directly with FINRA and other unnamed "regulators" and "authorities instead of the company's securities attorney? If she isn't sufficiently knowledgeable about securities laws, she could end up doing more harm than good.

The following claim was especially troubling given that the company did not simultaneously disclose which of the "several" press releases were unauthorized and therefore unreliable.

We will be filing corrective press releases to clarify and correct disclosures that
were included in prior press releases. Several press releases were disseminated
without our prior consent. As a result, we have terminated our relationship with our
public relations firm. Ultimately, the contents of any press release are our
responsibility, and we accept responsibility for any misinformation. We have
adopted new guidelines for the release of future press releases, which include legal
review

https://pveinternational.com/Documents/PVEC_CC_12_11_13.pdf

Why wasn't a "corrective" press release issued the first time the company realized that a party without consent issued a press release? Why did the company wait until "several" supposedly unauthorized PRs were issued and only disclose the situation on a conference call closed to anyone who did not send in their name and telephone number? Most importantly, since announing that several PRs were issued without consent, why hasn't the company still not issued the "corrective disclosures?" Nothing about this bizarre claim is believable. It's possible that a regulator has asked for verification of claims made in previous PRs and the company could not provide such verification so is now trying to disclaim them.

The non-public conference call seems to have been entirely an effort to shift the blame for apparent fraud and abysmal company/share price performance to other parties by two PVEC "team members" who weren't even willing fully identify themselves or their official roles.

[Seaam]

Conference Call, "Kiss of Death", IMO