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It's a sad reality that this dilution machine is still loaded with fuel and will keep dumping more shares into the atmosphere!
Shareholders can spin it how ever they want, but it is still the same BS dilution we have seen for the past 15+ years!
What alarms me even more is the fact that Geleste has not delivered. The company clearly lied about revenue in 2017 which I am sure misled some investors to buy the stock. I would not be surprised if we see class action lawsuits against Coretec. Martin Keating did the same thing in 2006! You just can't trust what they say as none of it is believable anymore.
GIFA Holding is gearing up for a PR blitz after Name/Symbol change. Stay tuned and keep an eye on FINRA!
More Dilution!!! These shares are not restricted and are already part of the increasing FLOAT!
Concordia dumps their discounted shares every time they receive them. They are issued those shares as payment for services rendered. Doug Frietag is not part of the company any more. He will dump his shares as soon as the pps jumps. Golden State will do the same.
You keep forgetting to include the eventual dilution of the convertible debentures, warrants and preferred shares issued for services that will convert to common shares at some point. The 10k clearly showed this dilution will be well over 100 million shares if not more depending on the underlying share price.
They are also in default of paying NDSU which is of great concern. They have 400k of cash, why can't they pay their debts on time?
Loudon Owen's current role in this smart phone company could be a huge success! Let's see how 2Q/3Q plays out for UTOP. He has been very successful with other ventures which have been posted here as well.
I could post more regarding this pathetic 10k, but the bottom line is Gelest has not delivered anything as the company planned. No revenue in 2017, so they keep lying to shareholders! They are up to their ears in debt and dilution for the existing debt is over 100 millions common shares. You can't spin anything positive from this 10K. Just more hype!
Under the terms of the Supply Agreement, Gelest will scale-up production of CHS, within their available capacity of 12-18 Kg per year,
and further optimize the manufacturing process licensed by the purchaser from NDSU/RF. The term of this project is 90 days from the
receipt of the first installment of YSi6Cl14 salt from the purchaser. The cost for scale-up and manufacturing optimization is $180,000 to
be paid by the purchaser in two installments. The initial installment of $18,000 was paid upon finalizing this Supply Agreement. The
second installment of $162,000 is to be paid net 30 days from availability for shipment of between 200 – 400 grams of the initial product
of the quality stated in the Supply Agreement. As of the date of filing, the Company has not paid the second installment, as Gelest has
yet to complete the production of material.
As of December 31, 2017, and pursuant to the NDSU/RF Agreement, Coretec was in arrears on certain payment obligations in the
amount of $139,800. Accordingly, as of December 31, 2017, Coretec would be considered in default under the NDSU/RF Agreement,
because of the unpaid obligations, which could allow NDSU/RF to exercise various options under the NDSU/RF Agreement, including
an option to terminate the agreement if we do not cure the default within 10 business days after receiving written notice by
NDSU/RF. Although NDSU/RF provided a written notice on or around February 7, 2018, NDSU/RF subsequently retracted the notice
and agreed to forbear from enforcing any defaults prior to March 30, 2018. Due to Coretec’s belief that certain obligations of NDSU/RF
were unsatisfied, Coretec has actively communicated with NDSU/RF in order to determine what obligations are owed and what actions
all parties are required to take, and will agree to take, in furtherance of the NDSU/RF Agreement. In connection with such objective,
Coretec expects to send NDSU/RF a detailed communication setting forth, among other things, the basis for its belief that (i) the payment
obligation was not due to NDSU/RF; and (ii) NDSU/RF does not have the right to enforce a default. As of the date of this report, there
have been no legal proceedings initiated in connection with the NDSU/RF Agreement. However, no assurances can be made that the
active communications between the parties will result in a resolution or that legal proceedings will not be initiated in the future.
If Harry shows up anywhere, we will make sure everyone knows the truth! He just blackballed himself for life, along with those that were associated with this scam!
This is a complete scam stock IMO. OTC information have been outdated for almost a year. They pay the part-time CEO thousands and he can't even keep their information current on the OTC site.
Where is the CHS revenue they promised us?
I am far from feeling sorry for Harry. I never said that anyone hear should feel sorry for him. I stated that Harry thinks everyone should feel sorry for how the OTC treated him.
I have sent him a couple emails, but no response recently. He only responded to my first and basically said he could not say anything. I doubt he will respond after his email to what's her face got posted here. I did ask him to relay to GIFA management that an update to U.S. shareholders/investors or hiring an IR firm in the US would be helpful.
His letter was all about "whoa is me" and how the OTC screwed him over. All BS. It will be interesting to see which ticker they pick up next to try and scam those shareholder!
So in other words, Harry says he got screwed, so we should feel sorry for him that we got screwed too! All while he looks for another ticker to sham everyone all over again! Thanks for nothing Harry! Your a friggin' failure!
Or it could have something to do with the Symbol and Name change which is already in the works with FINRA.
This was a fraud from day one! Trucking deal flop was our first of many clues. Insider's posting they talked to Harry and all these deals were in the works, yet the company never delivered a single deal. It was all a scam!
I am not buying that BS from UF either! He didn't disappear for health reasons! He went into hiding!
Acquisition News Coming???
I think someone talked to them the other day and they are in very close to announcing the acquisition of a unicorn ranch.
GIFA just keep sprouting new growth every time somebody tries to take a whack at her Billion Dollar trunk!
This Timber nonsense is just noise in the forest.
Getting geared up for the marketing blitz in 2Q!
Per the IR back to Jumpin Monkeys...
We longs are still here for sure. Buying up all the shares being dumped by the weak sellers! Massive accumulation taking place this week into stronger and longer hands!
April - August will be sonic boom time for UTOP! Watch it all unfold! $$$$rong
That pretty much puts all the BS here to rest. No scam her folks! UTOP is solid as I have stated many times.
Looking forward to seeing the marketing campaign starting in 2Q and the phones selling in 3Q! Great things to come here for sure!
See ya! Buy now! ANDI was golden before and will rally after you leave!
LOL, maybe that many in the entire OTC! Nice try though.
Agreed. Congrats on the early entry! That is awesome.
No worries Jerrod1. We got in early on this one. Maybe not as early as those that bought in the trips, but we will do fine too!
2Q will be interesting, but 3Q should be exciting time for UTOP!
This guy brings a different skill set to the team. He is an app expert and is also familiar with the underdeveloped cell markets they are targeting. Follow the string of PR's and you will see why he is here.
The Utopya team will continue to grow, so you better get used to more mouths to feed.
That is a ridiculous post! $100 million in revenue will feed a lot of advisors, consultants, and shareholders oh my!
FWIW... My target is $.15 - $.20
No problem, glad to help!
Clay Trader's chart video the other day probably sparked this sell off and short attack.
Company reduced the conversion price of Preferred B down 1000 times, from $2.00 per share to $.002 per share. Any Preferred B shares converted are restricted for one year and the company plans to pay them off prior to becoming free trading shares (aka non restricted shares).
Some that did not understand took the news differently and sold, which enabled MM's to manipulate the stock/hit stop losses, etc. It probably got shorted too. Doesn't matter in short run. The company is still solid.
Marketing promotions for cell phones start in 2Q with sales of cell phones on target for 3Q. $100 million in revenue still being forecasted by the company in 4Q.
Read the stickies for DD...
Please note that this is a blanket email response, as we are currently flooded with similar questions:
Preferred Series B:
The Preferred Series B Stock have been in place for several years and, naturally, included several of Andiamo’s original shareholders. This should come as no surprise to shareholders as the description of the Preferred Series B (liquidation, conversion rights, etc.) has been disclosed publicly over the life of Andiamo in the company's quarterly and annual reports listed on the OTC company page, under the "Disclosure" tab.
After extensive legal review, the Board of Directors has voted to change the price of the Series B Preferred Stock from $2.00 per share to $0.002 per share. The price change is in accordance with the Certificate of Designation of the Series B Preferred Stock. This Certificate of Designation allows the Board of Directors to adjust the price of the shares at any time. Reasoning for the Board taking this action is that it reflects the current overall share value and distribution.
"Toxic" Debt / Dilution:
Since the reverse merger back in November of 2017, the company has not taken on any "toxic" debt. We have only raised capital through small private Share Purchase Agreements.
In regard to recent conversions, it is the mission of the company to prioritize repayment on these debts prior to shares becoming free-trading.
Ticker Change:
This has remained largely unchanged:
"As you know, we are in the process of filing a name change application to FINRA under Rule 6490 which will include a name and symbol change. At the current time we do not have a date as to when it will be approved and take effect, but will share that information with shareholders as soon as we know."
Key Players:
Many shareholders are questioning the activity and involvement of Mr. Green and Mr. Owen. As stated before, they are advisors to the firm and subsequently are involved with strategic efforts made by the business. It is through their expertise, status, and connections that adds tremendous value to the team. With that being said, we cannot disclose further details regarding their day-to-day activities. In addition, Mr. Green and Mr. Owen will not be responding to messages sent to them from individual shareholders; all of these messages are forwarded to the IR department.
With respect to the rest of the team, there are a lot of moving pieces in this rapid growth phase of the company and we are not yet ready to reveal all of those involved. What I can tell U is that everything should be coming together and our business progress made more clear in the coming weeks.
Phones:
We plan on unveiling the phones within the coming weeks. At the current time we are performing a quality control check and finalizing some marketing materials. Stay tuned and know that they ARE coming.
V Stock Transfer:
As to why we switched transfer agents: the new transfer agent is more in line with the Company as a technology offering. They are also offering the Company and its shareholders better service.
And as to why the TA is still gagged: due to the pace of change and implementation of management’s programs we feel it is prudent to control dissemination of information from a single point. The transfer agent is not privy to managements’ plan or discussions, so controlling information that could be wrong or outdated seems appropriate at this time.
Investor Relations:
The Investor Relations Team serves as a conduit between shareholders and upper management at Utopya. We are the first line of communication with shareholders and prospective investors, as well as business-to-business inquiries, partnership and investment opportunities, and sponsorships. Needless to say, we experience a high volume of emails. While we do prioritize shareholders, we get a lot of the same questions, as well as questions that have already been answered before in our public disclosures. We simply cannot respond to everyone and we apologize for this.
While most demand a quick reply, most questions require internal discussions about what we will and will not disclose to shareholders. This takes time, so please be patient with us.
Exciting developments are in store and should be released in the coming weeks.
As always, thank U for your continued support!
Right into stronger hands!
Looks like somebody lit the fuse on GIFA!
This is going to get a lot more attention and buying pressure. Don't fall for any scare tactics. My shares are locked up with GTC sell orders at $10 per share!
The company/IR has been very consistent about timelines. We are just about to start the 2nd Quarter, so the coming weeks will be fun around here! ; )
It's a coming. Folks need to relax. Take down today is only worth a couple points. Bigger news in the coming weeks that will pin shoulders to the ground!
You will want to be in it for the "DOLLAR" term!
This is a golden Northern Cyprus egg!
They can't kill the horse, so they try to trim the hair on the tail instead. And then wonder why the horse kicks back! LOL
GIFA = running horse that kicks back!
Master of the obvious! LOL
IR Response to Jumpin Monkey's Questions:
Thank U for contacting the Investor Relations Team at Utopya Worldwide!
Please note that this is a blanket email response, as we are currently flooded with similar questions:
Preferred Series B:
The Preferred Series B Stock have been in place for several years and, naturally, included several of Andiamo’s original shareholders. This should come as no surprise to shareholders as the description of the Preferred Series B (liquidation, conversion rights, etc.) has been disclosed publicly over the life of Andiamo in the company's quarterly and annual reports listed on the OTC company page, under the "Disclosure" tab.
After extensive legal review, the Board of Directors has voted to change the price of the Series B Preferred Stock from $2.00 per share to $0.002 per share. The price change is in accordance with the Certificate of Designation of the Series B Preferred Stock. This Certificate of Designation allows the Board of Directors to adjust the price of the shares at any time. Reasoning for the Board taking this action is that it reflects the current overall share value and distribution.
"Toxic" Debt / Dilution:
Since the reverse merger back in November of 2017, the company has not taken on any "toxic" debt. We have only raised capital through small private Share Purchase Agreements.
In regard to recent conversions, it is the mission of the company to prioritize repayment on these debts prior to shares becoming free-trading.
Ticker Change:
This has remained largely unchanged:
"As you know, we are in the process of filing a name change application to FINRA under Rule 6490 which will include a name and symbol change. At the current time we do not have a date as to when it will be approved and take effect, but will share that information with shareholders as soon as we know."
Key Players:
Many shareholders are questioning the activity and involvement of Mr. Green and Mr. Owen. As stated before, they are advisors to the firm and subsequently are involved with strategic efforts made by the business. It is through their expertise, status, and connections that adds tremendous value to the team. With that being said, we cannot disclose further details regarding their day-to-day activities. In addition, Mr. Green and Mr. Owen will not be responding to messages sent to them from individual shareholders; all of these messages are forwarded to the IR department.
With respect to the rest of the team, there are a lot of moving pieces in this rapid growth phase of the company and we are not yet ready to reveal all of those involved. What I can tell U is that everything should be coming together and our business progress made more clear in the coming weeks.
Phones:
We plan on unveiling the phones within the coming weeks. At the current time we are performing a quality control check and finalizing some marketing materials. Stay tuned and know that they ARE coming.
V Stock Transfer:
As to why we switched transfer agents: the new transfer agent is more in line with the Company as a technology offering. They are also offering the Company and its shareholders better service.
And as to why the TA is still gagged: due to the pace of change and implementation of management’s programs we feel it is prudent to control dissemination of information from a single point. The transfer agent is not privy to managements’ plan or discussions, so controlling information that could be wrong or outdated seems appropriate at this time.
Investor Relations:
The Investor Relations Team serves as a conduit between shareholders and upper management at Utopya. We are the first line of communication with shareholders and prospective investors, as well as business-to-business inquiries, partnership and investment opportunities, and sponsorships. Needless to say, we experience a high volume of emails. While we do prioritize shareholders, we get a lot of the same questions, as well as questions that have already been answered before in our public disclosures. We simply cannot respond to everyone and we apologize for this.
While most demand a quick reply, most questions require internal discussions about what we will and will not disclose to shareholders. This takes time, so please be patient with us.
Exciting developments are in store and should be released in the coming weeks.
As always, thank U for your continued support!
Are U Ready?
The Investor Relations Team
Utopya Worldwide Holdings, Inc."
This stock is a toilet flush!
Glad I placed my bets elsewhere.
Holding for dollars$$$ GIFA shares are scarce!
Less than half a million shares traded so far.