Allied Security Innovations (ADSV) Stock Soars On Positive News: Will it Continue?

Allied Security Innovations, Inc. (OTCMKTS:ADSV) stock was one of the biggest gainers on Wednesday as the stock soared on very heavy volume.

Market Reaction:

On Wednesday, ADSV stock surged 74.32% to $0.0129 with more than 50.25 million shares, compared to  its average volume of 3 million shares. The stock has moved within a range of $ 0.0056 – 0.0228 after opening the trade at $0.0074.

Major Trigger:

Item 5.01 Changes in Control of Registrant

  • On April 17, 2021, East West Fund, LLC entered into an Agreement of Purchase and Sale Control Stock and Non-Affiliate Debt Agreement under which East West Fund, LLC purchased 20,000 shares each of Preferred A Shares of preferred stock. This gives East West Fund, LLC majority voting control of the corporation. Final closing of the purchase occurred on May 28, 2021.
  • Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers On May 28, 2021, Miro Zecevic resigned from all officer and director positions with the corporation and David He was hereby appointed as director, president, secretary and treasurer.

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