Replies to post #98887 on Drone Services USA Inc. (DSUS)

[4on4off]

INCORRECT!

The explanation has been posted on the company website:

As I stated, I was getting clarification for this - and as such I have, so we can all calm down.

As you all know - it was PR'd today -

499 million shares returned to the treasury immediately. A stop order was issued for another 599 million shares on top of that bringing that total to 1.1 billion shares being returned to the treasury. As all of you business owners know - when you have collateral for loans and lines of credit, especially stock loans, you must maintain a "level of collateral" in this case, stock, you must have a certain amount equivalent to a certain dollar amount AVAILABLE FOR ISSUE - LET ME REPEAT THAT IN NO UNCERTAIN TERMS-AVAILABLE FOR ISSUE. As the stock price was lowered, the amount of shares needed to be available to maintain these business relationships increased. As the stock price raises, obviously these levels will decrease proportionately.

Now, with that said, the processing of the 499 million returned certs has not been completed by the TA - they are still technically "issued" as outstanding and not available for disbursement in the event that it is needed. The stop order that has been placed on the other 599 million have not been returned to the treasury completely as of today - this can take up to 30 days to complete and are classified in the same manner - still "technically" issued. In the mean time, the collateral balance still needs to be maintained per the contract with the financial institution(s). Thus the need to increase the A/S NOT THE O/S to maintain the collateral level as required by the financial institution(s).

Let me state this again and I would love to see someone quote me on this everywhere...

THIS INCREASE IN AUTHORIZED SHARES WAS FOR COLLATERAL ONLY - THESE SHARES HAVE NOT BEEN ISSUED AND PVEC HAS NO INTENTION OF ISSUING THEM.

[LeGoose]

But wait. The company is run out of Ft. Lauderdale. Isn't that the PS integrity capital of the world?

Plus, they're buying back their shares and going to the NASD per the below PR:

PV Enterprises International Announces Share Buyback To Commence Immediately

http://www.otcmarkets.com/stock/PVEC/news/PV-Enterprises-International-Announces-Share-Buyback-To-Commence-Immediately?id=72759&b=y

...
Many shareholders have corresponded with the Company expressing concern about the increases in the Authorized Shares and possibility of dilution to current shareholders.

Let me assure you that the Company has NO intention of diluting shareholders and is in fact initiating a share buyback of up to 340 million of its shares via open market transactions.

These purchases will begin immediately and last for a period of not less than 6 months. The Company further wishes to advise its shareholders of the breakdown of the current share structure:

There are currently 2.94 Billion shares Authorized. Of the 2.94 Billion shares, 1 Billion are preferred/restricted shares, unissued as of the date of this press release, and are segregated for the sole purposes of mergers/acquisitions. Once issued, these shares will be restricted from sale for a period of not less than 1 year. The remaining 1.94 Billion shares are comprised of the following:

1.2 Billion shares have been purchased by a qualified investment conglomerate interested in furthering PV Enterprises International for the sole purpose of applying for up listing to the NASDAQ World Market Exchange.

The remaining 740 Million shares are currently in the tradable float, available to the general public.

The Company, in line with minimum equity application standards to list on the NASDAQ, believes that it is in the best interests of the Company to immediately effectuate an open market purchase of its stock, (SHARE BUYBACK), which shall commence for a period of not less than six months.

It is the Company's intention to buyback approximately 340 Million of its shares via open market purchases from the tradable float and then subsequently retire those shares back into the Company's Treasury.

This would then afford the Company a more manageable public float of approximately 400 million shares which the Company feels is sufficient enough to provide for market liquidity going forward.

[flipside]

Cassandra to say Peter is a scam artist is so misleading especially to the longs and newbies that came here the last couple of days. If you really want to help shareholders, you should warn them about Mr. Turner and the gang. Let them no the truth on who he is, what he has done, and what he is trying to do. You know nothing about Peter, no more than I do so why do you tell people he is a scam. Your post theme should be I speculate more after smelling coffee.