Latest Update February 16 2021:
ADSV – Has reached an agreement in principle with new management who will also be the new preferred shareholders (Control Block)
To all ADSV shareholders
THE BOARD OF DIRECTORS ADSV wants to use this opportunity to thank all of our shareholders for their loyal following and to provide an update on all the ADSV corporate affairs and matters.
Firstly we would like to address the authorized share structure and the Delaware filings.
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.
Other than updating the Delaware share structure to one billion shares there are no plans for any reverse splits of the common shares.
The Delaware SOS also indicates that the outstanding fee is $600,000 due to the state. The incoming merger company is aware of this $600,000 fee. They assure us that they have the required means and resources to settle the account.
State filings will follow shortly.
OTC Filings and company getting current shortly there after.
There are other debts to service providers and others that will be resolved. The end result is that ADSV will continue post-merger as a debt-free entity.
Prior to the merger actually taking place all the financials must be brought current with OTC markets. This company has been operating on the skeleton staff for a number of years. The financials are ready to be filed up to the year 2021.
ABOUT THE MERGER CO
The incoming merger company is engaged in real estate type businesses.
We have also been made aware that this company also holds millions of dollars in assets (stock options etc) in fast food chains such as McDonald’s.
The merger company does not have an agent which represents its interests. Their board members are highly educated in finance and considered sophisticated investors.
They see value in ADSV.
We have been advised that the majority of their monies were made in real estate however the conversations always lead back to fast food chains trading and upside potential in the OTC market space.
We also Acknowledge many shareholders asking for details and timelines. At this point, this is the most we can share with our followers.
The situation is very fluid and there are many moving parts in this transaction. Our intention was to release this update yesterday afternoon to say that the proposal was forwarded to the incoming merger company board of directors.
We will keep our shareholders advised as the events crystallize further. We ask that the shareholders respect the management work and allow us to bring this transaction to fruition without let or hindrance and without shareholder interference.
Our aim is to have everything completed by end of Q1 or early Q2
Approved
Adsv Board of directors.