sEC complaint detail I just submitted: Provid
Post# of 7153
Posted On: 12/12/2013 12:46:33 PM
sEC complaint detail I just submitted:
Provide additional details about your complaint:
Duss (Dussault Apparel) On Oct.21 2013 Natalie Bannister the former CEO turned over the CEO role to Alberto Barrientos, an attorney from Medellin Colombia. Prior to this Mrs Bannister had been tasked with obtaining a merger, aquisition or joint venture for the defunct apparel manufacturer. For over 13 months Mrs Bannister had worked on this task and had maintained communication with various shareholders of the company in an effort to keep the peace during a time of uncertainty as it pertained to the future of the company. Here is an example of one such email communication: "Subject: Re: Another LIBEL Post from your buddy LIABLE from IHUB Importance: High Hello, As promised, I am responding to the many inquiries regarding the Company's future and new CEO. I handed the reigns to the CEO as I believe he has great things in store for the Company. He is not obligated in any way to contact you all through any social media means. He is only obligated to report to the SEC. I am certain he will address shareholders when the new website is ready and operations are underway. I did not dilute the shares of the Company, nor did I take on any additional debt. I did keep the Company current in its reports and its audits and believe that I have left you all in good hands. I cannot report anything additional at this time. Thank you for your patience and support, NATALIE " There are numerous email and posts on chat boards like investorshub.com under the Duss board where she maintained the avatar of: (SEALEVELNAT) All of these communications painted a picture for long shareholders that the CEO and the BOD were looking to maintain value for numerous investors. On the date of her leave from office of CEO a non English speaking attorney was named as CEO in an 8k filing on Edgar. No information regarding the contact information of the new CEO or the new corporate office contact information was provided. On Nov 19 2013 another 8K/A was filed updating the new CEO contact phone and offices in a Medellin Colombia. Another investor, Robert Ross phoned the new CEO via Skype and quickly learned that the new CEO either did not or chose not to speak in English. Luckily for Mr Ross an employee of his spoke Spanish and was able to communicate with Mr Barrientos and relay some questions including, "when will the company be making a formal public statement/introduction about the new CEO?" Mr Barrientos told the employee that he would be traveling to California the week of Dec. 8 and that a press release regarding the company would be issued on or about Dec 16. On Dec 8 investors received another 8K announcement claiming the the company had issued 400,000,000 common free trading shares to a Jervis Ecploration for the purchase of a mining claim in Canada. There were little details included in the 8k and it did not provide any indication of how the transaction was derived or what it entailed in detail. On Dec 11 another filing took place, a PRE14C that announced that Jervis a Exploration as 53.1% holder of the outstanding common shares had voted for a 800:1 reverse split to take place. The news of the reverse split hit every investor like a brick as investors had become trapped in an illiquid stock that had in a short period been given 400,000,000 shares of common stock to an unknown entity which by virtue of the transaction more than doubled the previous float and effectively provided control to the new and unknown entity. The shady relationship of Mr Alberto Bartientos, the non English speaking interim CEO and the behavior of Natalue Bannister and possibly the actions of Jason Dussault, the former CEO and COB is being called into question for the manner in which the transaction with Jervis Exploration had come about. Why would the company issue a 400million share increase of the common shares then one week later file for an 800:1 reverse split? This seems only to be a disingenuous tactic to deceive and steal the company from the shareholders of record as well as the beneficial shareholders of Duss common stock. Why would a non English speaking attorney from Colombia be employed as interim CEO for any other reason than to hide the transaction from the shareholders? The resultant effect of the 800:1 reverse split brings the common share structure down to roughly 1 million share o/s and in the words used I the filing notes, "to create an attractive share structure for investment". 1million shares crestes an illiquid environment for investors and opens the door to a share selling scheme in promotion of the hopes of finding mineral deposits on a tailings site. This wreaks of impropriety and the investors of DUSS stock with millions of dollars at risk are effectively wiped out. As of today's trading the share price of DUSS common stock has dropped over 50% and has created a panic stricken trading environment that lends itself to the takeover of the common share float by the new entity. This wreaks of a set up to steal the company from the existing shareholders through unscrupulous and perhaps more nefarious and illegal means. As an investor in DUSS I ask that you investigate the events and the participants that created the events that has sought to steal this company from the investors.
Provide additional details about your complaint:
Duss (Dussault Apparel) On Oct.21 2013 Natalie Bannister the former CEO turned over the CEO role to Alberto Barrientos, an attorney from Medellin Colombia. Prior to this Mrs Bannister had been tasked with obtaining a merger, aquisition or joint venture for the defunct apparel manufacturer. For over 13 months Mrs Bannister had worked on this task and had maintained communication with various shareholders of the company in an effort to keep the peace during a time of uncertainty as it pertained to the future of the company. Here is an example of one such email communication: "Subject: Re: Another LIBEL Post from your buddy LIABLE from IHUB Importance: High Hello, As promised, I am responding to the many inquiries regarding the Company's future and new CEO. I handed the reigns to the CEO as I believe he has great things in store for the Company. He is not obligated in any way to contact you all through any social media means. He is only obligated to report to the SEC. I am certain he will address shareholders when the new website is ready and operations are underway. I did not dilute the shares of the Company, nor did I take on any additional debt. I did keep the Company current in its reports and its audits and believe that I have left you all in good hands. I cannot report anything additional at this time. Thank you for your patience and support, NATALIE " There are numerous email and posts on chat boards like investorshub.com under the Duss board where she maintained the avatar of: (SEALEVELNAT) All of these communications painted a picture for long shareholders that the CEO and the BOD were looking to maintain value for numerous investors. On the date of her leave from office of CEO a non English speaking attorney was named as CEO in an 8k filing on Edgar. No information regarding the contact information of the new CEO or the new corporate office contact information was provided. On Nov 19 2013 another 8K/A was filed updating the new CEO contact phone and offices in a Medellin Colombia. Another investor, Robert Ross phoned the new CEO via Skype and quickly learned that the new CEO either did not or chose not to speak in English. Luckily for Mr Ross an employee of his spoke Spanish and was able to communicate with Mr Barrientos and relay some questions including, "when will the company be making a formal public statement/introduction about the new CEO?" Mr Barrientos told the employee that he would be traveling to California the week of Dec. 8 and that a press release regarding the company would be issued on or about Dec 16. On Dec 8 investors received another 8K announcement claiming the the company had issued 400,000,000 common free trading shares to a Jervis Ecploration for the purchase of a mining claim in Canada. There were little details included in the 8k and it did not provide any indication of how the transaction was derived or what it entailed in detail. On Dec 11 another filing took place, a PRE14C that announced that Jervis a Exploration as 53.1% holder of the outstanding common shares had voted for a 800:1 reverse split to take place. The news of the reverse split hit every investor like a brick as investors had become trapped in an illiquid stock that had in a short period been given 400,000,000 shares of common stock to an unknown entity which by virtue of the transaction more than doubled the previous float and effectively provided control to the new and unknown entity. The shady relationship of Mr Alberto Bartientos, the non English speaking interim CEO and the behavior of Natalue Bannister and possibly the actions of Jason Dussault, the former CEO and COB is being called into question for the manner in which the transaction with Jervis Exploration had come about. Why would the company issue a 400million share increase of the common shares then one week later file for an 800:1 reverse split? This seems only to be a disingenuous tactic to deceive and steal the company from the shareholders of record as well as the beneficial shareholders of Duss common stock. Why would a non English speaking attorney from Colombia be employed as interim CEO for any other reason than to hide the transaction from the shareholders? The resultant effect of the 800:1 reverse split brings the common share structure down to roughly 1 million share o/s and in the words used I the filing notes, "to create an attractive share structure for investment". 1million shares crestes an illiquid environment for investors and opens the door to a share selling scheme in promotion of the hopes of finding mineral deposits on a tailings site. This wreaks of impropriety and the investors of DUSS stock with millions of dollars at risk are effectively wiped out. As of today's trading the share price of DUSS common stock has dropped over 50% and has created a panic stricken trading environment that lends itself to the takeover of the common share float by the new entity. This wreaks of a set up to steal the company from the existing shareholders through unscrupulous and perhaps more nefarious and illegal means. As an investor in DUSS I ask that you investigate the events and the participants that created the events that has sought to steal this company from the investors.
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