Allied Security Innovations Inc (ADSV)

[ME93]

Hi Max

Since the OTCs are notorious for scammers, liars, and bashers. Below are quotes and their sources:

Authorized shares: "The company is authorized to issue 1 billion shares, not 10 Billion shares as indicated on OTC markets. Whist the Delaware SOS does state 10 billion shares authorized, be advised that this information is pre reverse split which occurred back in 2009, and is stale dated. We remind our followers that this information has not been updated for the past 9 years. This is all in the process of being updated."
Source: https://adsvcorporate.com/

Real Outstanding shares and float: "The current outstanding shares reflected with the company transfer agent and the transfer agent is about 411 million shares. The shares in the “street name” is about 230 million shares. The difference or 180 million shares was lost by the beneficiary. These shares were in the process of being returned to the treasury for a non-completed transaction, when the loss occurred. The insurance or bond expenditure is too cost prohibitive for the company to acquire the bond. Because of these shares’ restrictive nature and all sides in agreement of the loss it is in the managements opinion that this 180 million share tranche will most likely never enter the market. The current float and outstanding shares in the street name is about 230 million shares."
Source: https://www.sec.gov/Archives/edgar/data/927454/000168316820000194/adsv_8k.htm

The Good news seems to be: "The company has successfully renegotiated a settlement for the State tax outstanding. The State filings are in process of being updated and finalized. The current sum of $600,000 has been resettled at about $30,000." Source: https://www.sec.gov/Archives/edgar/data/927454/000168316820000194/adsv_8k.htm

However, no update has been posted in March as anticipated in the 8-k. Source: https://icis.corp.delaware.gov/ecorp/entitysearch/NameSearch.aspx