Medifirst Solutions Inc (OTCMKTS:MFST) had a great move on Friday as the stock more than doubled on unusual volume.
Major Trigger:
MEDIFIRST SOLUTIONS, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
Key Highlights:
- Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
- Resignation of Chief Executive Officer and a Director
- On June 22, 2021, Bruce Schoengood submitted his resignation from his positions as Chief Executive Officer and as a member of the Board of Directors (the “Board”) of Medifirst Solutions, Inc. (the “Company”), effective immediately (the “CEO Resignation”). Mr. Schoengood did not resign as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. A copy of Mr. Schoengood’s letter of resignation is attached hereto as Exhibits 17.1 to this Current Report on Form 8-K.
- Appointment of Chief Executive Officer
- On June 22,2021, in connection with the CEO Resignation, the Board appointed Mr. Thomas Griffin as Chief Executive Officer and the sole member of the Board, effective immediately (the “CEO Appointment”).
- Mr. Griffin’s compensation will be determined at a later time.
Market Reaction:
On Friday, MFST stock soared 111% to $0.0019 with more than 1.09 billion shares, compared to its average volume of 42.37 million shares. The stock has moved within a range of $0.0010 – 0.0029 after opening the trade at $0.0010. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0123.
 Stock More Than Doubled: Should You Still Buy?){kind=link}