Allied Security Innovations Inc (ADSV)

[ME93]

Let me break this down folks:

1. OTC Markets Share Structure shows that based on 411,239,719 Outstanding Shares, Market cap as of 5/12/2021 is: $2,261,818.
https://www.otcmarkets.com/stock/ADSV/security

2. However, the Custodian reported that “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

3. Based on 230m shares, the MC as of May 12, should be $1.24m. In other words, a 43% discount based on MC.

4. I hope to learn more about this new company so we can all understand the true value and potential of the shares we own.

GL!