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Try 2017 AKA the last annual report. It was the same report NYD (I think, might have been Stewy33) used to show that the invisible board of directors could change the share structure, I just clicked on his link and posted the rest of the information that was omitted.
You are incorrect or you made that up.
There are no fees. There is no limit. For 7 weeks, additional B shares were converted at a 2000:1 ratio. Here's the conversion rules from the last annual report:
https://backend.otcmarkets.com/otcapi/company/financial-report/182310/content
SERIES B PREFERRED STOCK DESCRIPTION
DIVIDENDS. The holders of Series B Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. LIQUIDATION RIGHTS. Upon any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, before any distribution or payment shall be made to the holders of any stock ranking junior to the Series B Preferred Stock, the holders of the Series B Preferred Stock shall be entitled to be paid out of the assets of the Corporation an amount equal to $1.00 per share or, in the event of an aggregate subscription by a single subscriber for Series B Preferred Stock in excess of $100,000, $0.997 per share (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares) (the "Preference Value"), plus all declared but unpaid dividends, for each share of Series B Preferred Stock held by them. After the payment of the full applicable Preference Value of each share of the Series B Preferred Stock as set forth herein, the remaining assets of the Corporation legally available for distribution, if any, shall be distributed ratably to the holders of the Corporation's Common Stock. CONVERSION AND ANTI-DILUTION.
(a) Each share of Series B Preferred Stock may be convertible, at any time by the respective holder, into the number of shares of the Corporation's common stock, par value $0.00001 per share (the "Common Stock"), equal to the price of the Series B Preferred Stock as stated in 2.6 of this Certificate of Designations, divided by one hundred times the par value of the Common Stock, subject to adjustment as may be determined by the Board of Directors from time to time (the "Conversion Rate"). For example, assuming a $2 price per share of Series B Preferred Stock, and a par value of $0.00001 per share for Common Stock, each share of Series B Preferred Stock would be convertible into 2,000 shares of Common Stock. Such conversion shall be deemed to be effective on the business day (the "Conversion Date") following the receipt by the Corporation of written notice from the holder of the Series B Preferred Stock of the holder's intention to convert the shares of Series B Stock, together with the holder's stock certificate or certificates evidencing the Series B Preferred Stock to be converted.
(b) Promptly after the Conversion Date, the Corporation shall issue and deliver to such holder a certificate or certificates for the number of full shares of Common Stock issuable to the holder pursuant to the holder's conversion of Series B Preferred Shares in accordance with the provisions of this Section. The stock certificate(s) evidencing the Common Stock
shall be issued with a restrictive legend indicating that it was issued in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and that it cannot be transferred unless it is so registered, or an exemption from registration is available, in the opinion of counsel to the Corporation. The Common Stock shall be issued in the same name as the person who is the holder of the Series B Preferred Stock unless, in the opinion of counsel to the Corporation, such transfer can be made in compliance with applicable securities laws. The person in whose name the certificate(s) of Common Stock are so registered shall be treated as a holder of shares of Common Stock of the Corporation on the date the Common Stock certificate(s) are so issued. All shares of Common Stock delivered upon conversion of the Series B Preferred Shares as provided herein shall be duly and validly issued and fully paid and nonassessable. Effective as of the Conversion Date, such converted Series B Preferred Shares shall no longer be deemed to be outstanding and all rights of the holder with respect to such shares shall immediately terminate except the right to receive the shares of Common Stock issuable upon such conversion. (c) The Corporation covenants that, within 30 days of receipt of a conversion notice from any holder of shares of Series B Preferred Stock wherein which such conversion would create more shares of Common Stock than are authorized, the Corporation will increase the authorized number of shares of Common Stock sufficient to satisfy such holder of shares of Series B submitting such conversion notice.
(d) Shares of Series B Preferred Stock are anti-dilutive to reverse splits, and therefore in the case of a reverse split, are convertible to the number of Common Shares after the reverse split as would have been equal to the ratio established in Section 2.4(a) prior to the reverse split. The conversion rate of shares of Series B Preferred Stock, however, would increase proportionately in the case of forward splits, and may not be diluted by a reverse split following a forward split.
VOTING RIGHTS. Each share of Series B Preferred Stock shall have ten votes for any election or other vote placed before the shareholders of the Company.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140155614
No, they lied. They said they were changing TA's in order to be transparent and make the share structure readily available. That's what they said, a blatant lie. There isn't a good reason to have the TA gagged, especially when they said they weren't going to.
Oh, I'm sure it's no problem to ANDI, no problem at all. They can convert and dilute all they want.
"Best Employer Brand Award?" What the heck is that? And they're 1 of 10 to "win" it? That is a far cry from "Company of the Year" that you claimed.
No wonder I didn't find it on LinkedIn, Forbes, or TIME's list.
Cycloides was the 2017 company of the year in India?
You'll have to link me to that, I've Googled with and without their name, no such award to them comes up, various and similar awards to other companies does.
Plus, they started out in Canada, not the other way around . . .
What is a "Gagged" Transfer Agent? - Post in iHub's "Money 101"
-A 'Transfer Agent' is a company's means of managing shareholder records, issuing and canceling stock certificates, and processing investor mailings. Some companies can act as their own transfer agent, but most often, especially with penny stocks, the job is outsourced to companies specializing in the business. Transfer agents are normally the most accurate, and often the only way of finding the current O/S, A/S, and float for a penny stock. Some will require a fax with shareholder details to retrieve the information, others simply a phone call or email. This type of transparency is desirable among investors.
A "Gagged" transfer agent is one which has been instructed by the company they are working for to not release information, such as the share structure. This is NOT a good situation. There is no legitimate reason for a company to gag their TA. It is almost always done to hide dilution. Without knowing the current number of outstanding shares, an investor has no idea if shares are being sold by the company. Concurrently, without knowing the number of authorized shares, the number of shares that can possibly be sold is not known either. Companies that practice this scam will often issue press releases, or other investor communication containing excuses for having the TA gagged. Unknowing investors will buy these up, and continue holding shares, or even buying more. We absolutely do not recommend touching a stock with a gagged TA, unless you are experienced with penny stocks, and it is purely a short term momentum play.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=34432803
I'd settle for knowing who the Board of Directors is. Or that CMO (I presume Chief Media Officer?) who tweeted out about the release of the phone video, who is that? Why the cloak of secrecy?
Can't speak to the lie, I see, just try to hurry past it with a poke to question the motivations of anyone pointing it out. ANDI lied about ungagging the TA, share structure remains hidden from shareholders/investors. PR with the lie is dated 2-2-18:
https://www.prnewswire.com/news-releases/utopya-innovations-inc-a-wholly-owned-subsidiary-of-andiamo-otcpk-andi-announces-plans-for-ticker-change-and-more-300592503.html
Nope. They said "readily available." What does that mean to you?
No, they lied, period. Read the plain words in black and white:
We are also taking steps to ensure that we remain highly transparent and communicative with our shareholders. We have received a number of inquiries with respect to the company's share structure. The current transfer agent has an internal gag order that prevents the release of this information, which is contrary to the level of transparency that we wish to demonstrate. As such, we have begun the process of switching transfer agents, in order to make this information readily available to those who request it.
https://www.prnewswire.com/news-releases/utopya-innovations-inc-a-wholly-owned-subsidiary-of-andiamo-otcpk-andi-announces-plans-for-ticker-change-and-more-300592503.html
ANDI lied. You have low standards for a "company's word" being "golden."
We are also taking steps to ensure that we remain highly transparent and communicative with our shareholders. We have received a number of inquiries with respect to the company's share structure. The current transfer agent has an internal gag order that prevents the release of this information, which is contrary to the level of transparency that we wish to demonstrate. As such, we have begun the process of switching transfer agents, in order to make this information readily available to those who request it.
https://www.prnewswire.com/news-releases/utopya-innovations-inc-a-wholly-owned-subsidiary-of-andiamo-otcpk-andi-announces-plans-for-ticker-change-and-more-300592503.html
Fiscal quarter ends in 10 days, next financial report would be issued in June with an up to date share structure and details on sales (they did say their distributors and partners had phones to sell, amiright?), revenue, cash, etc., and expected some detail on their "wholly owned subsidiary" Utopya Innovations (though that should have been included in the last quarterly, but wasn't). What do you expect that report to say?
I expect it to reflect the harsh reality of a few billion O/S added to the 3.5B in the last report, the preferred B shares that were in the possession of "friends of Mike" cashed in over the last couple months, and little change to the finances. There may be some debate on the amount, but every seasoned OTC investor has to expect that and will know what it will mean to the PPS.
You said 30 days, I think this "seller's window" (my term) has about that much time left as everybody realizes that report is not likely to be favorable to holders of common shares and they hit the exits in advance of that report coming out, just depends on what profit they want/loss they can tolerate.
If you really believe this company intends to market cheap phones wherever they can like a BLU phone, the good news is that report will offer a "buyer's window," where the PPS is low enough you can increase your position for less money, probably a lot less, provided you got out before the report was imminent. From there you can hold long and not worry about it.
I was wondering what you were up to, visions of that ventriloquist dummy hollering "I keel you!" were flashing though my mind. In context (and on the board you intended), it was probably a knee slapper.
If either of them made such an investment, it was not reflected in the company's financial statement for period ending January 31. They had no cash and no assets, other than some dead apps still on the books being depreciated.
You're right on the selling of shares though, those investors who were fortunate enough to acquire millions of shares with 3 or 4 leading zeros in the share price have been taking sure profit, no doubt in my mind, they'd be stupid not to. That's part of the "shorting" smokescreen, the other part being dilution/conversions.
The gagged TA is the one lie shareholders have been told that they shouldn't stand for. It was blatant and should be a huge red flag that something majorly fishy is going on:
"We are also taking steps to ensure that we remain highly transparent and communicative with our shareholders. We have received a number of inquiries with respect to the company's share structure. The current transfer agent has an internal gag order that prevents the release of this information, which is contrary to the level of transparency that we wish to demonstrate. As such, we have begun the process of switching transfer agents, in order to make this information readily available to those who request it."
You seem smart and experienced enough to know what a gagged TA means in the OTC. The rationalization posted in early April for gagging the new TA was a smokescreen, and any notion they're gagging the TA to retire shares is also a smokescreen.
Rest assured that Owen and Green have an iron clad advisors contract that holds them harmless for the results of the company business, be it scam or otherwise. They advise, the CEO either listens or not. They're too smart to get any of a scam on them legally, and their reputations are not at stake as advisors. They did gag Green, which was good.
You and others continue to ignore the fact that those shares were convertible at the 2000:1 rate for 7 weeks until the invisible unnamed board of directors allegedly changed the conversion rate. 7 WEEKS of 2000:1 conversions from the end of the previous fiscal quarter where the O/S had already been diluted to 3.5B shares.
No, I didn't agree with him at all, and posted the following in response. There are no limits, no fees, no nothing. That is dead wrong:
You are incorrect or you made that up.
There are no fees. There is no limit. For 7 weeks, additional B shares were converted at a 2000:1 ratio. Here's the conversion rules from the last annual report:
https://backend.otcmarkets.com/otcapi/company/financial-report/182310/content
SERIES B PREFERRED STOCK DESCRIPTION
DIVIDENDS. The holders of Series B Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. LIQUIDATION RIGHTS. Upon any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, before any distribution or payment shall be made to the holders of any stock ranking junior to the Series B Preferred Stock, the holders of the Series B Preferred Stock shall be entitled to be paid out of the assets of the Corporation an amount equal to $1.00 per share or, in the event of an aggregate subscription by a single subscriber for Series B Preferred Stock in excess of $100,000, $0.997 per share (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares) (the "Preference Value"), plus all declared but unpaid dividends, for each share of Series B Preferred Stock held by them. After the payment of the full applicable Preference Value of each share of the Series B Preferred Stock as set forth herein, the remaining assets of the Corporation legally available for distribution, if any, shall be distributed ratably to the holders of the Corporation's Common Stock. CONVERSION AND ANTI-DILUTION.
(a) Each share of Series B Preferred Stock may be convertible, at any time by the respective holder, into the number of shares of the Corporation's common stock, par value $0.00001 per share (the "Common Stock"), equal to the price of the Series B Preferred Stock as stated in 2.6 of this Certificate of Designations, divided by one hundred times the par value of the Common Stock, subject to adjustment as may be determined by the Board of Directors from time to time (the "Conversion Rate"). For example, assuming a $2 price per share of Series B Preferred Stock, and a par value of $0.00001 per share for Common Stock, each share of Series B Preferred Stock would be convertible into 2,000 shares of Common Stock. Such conversion shall be deemed to be effective on the business day (the "Conversion Date") following the receipt by the Corporation of written notice from the holder of the Series B Preferred Stock of the holder's intention to convert the shares of Series B Stock, together with the holder's stock certificate or certificates evidencing the Series B Preferred Stock to be converted.
(b) Promptly after the Conversion Date, the Corporation shall issue and deliver to such holder a certificate or certificates for the number of full shares of Common Stock issuable to the holder pursuant to the holder's conversion of Series B Preferred Shares in accordance with the provisions of this Section. The stock certificate(s) evidencing the Common Stock
shall be issued with a restrictive legend indicating that it was issued in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and that it cannot be transferred unless it is so registered, or an exemption from registration is available, in the opinion of counsel to the Corporation. The Common Stock shall be issued in the same name as the person who is the holder of the Series B Preferred Stock unless, in the opinion of counsel to the Corporation, such transfer can be made in compliance with applicable securities laws. The person in whose name the certificate(s) of Common Stock are so registered shall be treated as a holder of shares of Common Stock of the Corporation on the date the Common Stock certificate(s) are so issued. All shares of Common Stock delivered upon conversion of the Series B Preferred Shares as provided herein shall be duly and validly issued and fully paid and nonassessable. Effective as of the Conversion Date, such converted Series B Preferred Shares shall no longer be deemed to be outstanding and all rights of the holder with respect to such shares shall immediately terminate except the right to receive the shares of Common Stock issuable upon such conversion. (c) The Corporation covenants that, within 30 days of receipt of a conversion notice from any holder of shares of Series B Preferred Stock wherein which such conversion would create more shares of Common Stock than are authorized, the Corporation will increase the authorized number of shares of Common Stock sufficient to satisfy such holder of shares of Series B submitting such conversion notice.
(d) Shares of Series B Preferred Stock are anti-dilutive to reverse splits, and therefore in the case of a reverse split, are convertible to the number of Common Shares after the reverse split as would have been equal to the ratio established in Section 2.4(a) prior to the reverse split. The conversion rate of shares of Series B Preferred Stock, however, would increase proportionately in the case of forward splits, and may not be diluted by a reverse split following a forward split.
VOTING RIGHTS. Each share of Series B Preferred Stock shall have ten votes for any election or other vote placed before the shareholders of the Company.
And it has been brought up MANY times those shares were convertible at a rate of 2000:1 from the end of January (when the O/S were 3.5B already) until March the whatever the invisible and unnamed board of directors allegedly changed the conversion rate. How many more B shares converted? I'll bet all of them owned by "friends of Mike."
The series B convertible shares are not restricted after conversion. If the conversion results in exceeding the 6B number, they have 30 days to file an amendment for an increase:
https://backend.otcmarkets.com/otcapi/company/financial-report/182310/content
SERIES B PREFERRED STOCK DESCRIPTION
DIVIDENDS. The holders of Series B Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. LIQUIDATION RIGHTS. Upon any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, before any distribution or payment shall be made to the holders of any stock ranking junior to the Series B Preferred Stock, the holders of the Series B Preferred Stock shall be entitled to be paid out of the assets of the Corporation an amount equal to $1.00 per share or, in the event of an aggregate subscription by a single subscriber for Series B Preferred Stock in excess of $100,000, $0.997 per share (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares) (the "Preference Value"), plus all declared but unpaid dividends, for each share of Series B Preferred Stock held by them. After the payment of the full applicable Preference Value of each share of the Series B Preferred Stock as set forth herein, the remaining assets of the Corporation legally available for distribution, if any, shall be distributed ratably to the holders of the Corporation's Common Stock. CONVERSION AND ANTI-DILUTION.
(a) Each share of Series B Preferred Stock may be convertible, at any time by the respective holder, into the number of shares of the Corporation's common stock, par value $0.00001 per share (the "Common Stock"), equal to the price of the Series B Preferred Stock as stated in 2.6 of this Certificate of Designations, divided by one hundred times the par value of the Common Stock, subject to adjustment as may be determined by the Board of Directors from time to time (the "Conversion Rate"). For example, assuming a $2 price per share of Series B Preferred Stock, and a par value of $0.00001 per share for Common Stock, each share of Series B Preferred Stock would be convertible into 2,000 shares of Common Stock. Such conversion shall be deemed to be effective on the business day (the "Conversion Date") following the receipt by the Corporation of written notice from the holder of the Series B Preferred Stock of the holder's intention to convert the shares of Series B Stock, together with the holder's stock certificate or certificates evidencing the Series B Preferred Stock to be converted.
(b) Promptly after the Conversion Date, the Corporation shall issue and deliver to such holder a certificate or certificates for the number of full shares of Common Stock issuable to the holder pursuant to the holder's conversion of Series B Preferred Shares in accordance with the provisions of this Section. The stock certificate(s) evidencing the Common Stock
shall be issued with a restrictive legend indicating that it was issued in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and that it cannot be transferred unless it is so registered, or an exemption from registration is available, in the opinion of counsel to the Corporation. The Common Stock shall be issued in the same name as the person who is the holder of the Series B Preferred Stock unless, in the opinion of counsel to the Corporation, such transfer can be made in compliance with applicable securities laws. The person in whose name the certificate(s) of Common Stock are so registered shall be treated as a holder of shares of Common Stock of the Corporation on the date the Common Stock certificate(s) are so issued. All shares of Common Stock delivered upon conversion of the Series B Preferred Shares as provided herein shall be duly and validly issued and fully paid and nonassessable. Effective as of the Conversion Date, such converted Series B Preferred Shares shall no longer be deemed to be outstanding and all rights of the holder with respect to such shares shall immediately terminate except the right to receive the shares of Common Stock issuable upon such conversion. (c) The Corporation covenants that, within 30 days of receipt of a conversion notice from any holder of shares of Series B Preferred Stock wherein which such conversion would create more shares of Common Stock than are authorized, the Corporation will increase the authorized number of shares of Common Stock sufficient to satisfy such holder of shares of Series B submitting such conversion notice.
(d) Shares of Series B Preferred Stock are anti-dilutive to reverse splits, and therefore in the case of a reverse split, are convertible to the number of Common Shares after the reverse split as would have been equal to the ratio established in Section 2.4(a) prior to the reverse split. The conversion rate of shares of Series B Preferred Stock, however, would increase proportionately in the case of forward splits, and may not be diluted by a reverse split following a forward split.
VOTING RIGHTS. Each share of Series B Preferred Stock shall have ten votes for any election or other vote placed before the shareholders of the Company.
When they file it, it takes effect . . . no waiting . . . why haven't they filed it? Why did it take the exposure of the conversion scheme through a meticulous examination of their financial statement for them to act in the first place?
Once again, the barn door was open for at least 7 weeks, from the end of January until the unnamed board of directors (what the heck are their names???) issued your thing. 7 weeks of unfettered conversions. And they have not yet filed the conversion change with the State of Wyoming.
Series-B shares get converted all the time, how is ANDI any different?
Exactly . . . and at a rate of 2000:1, diluting the shares of common stock and costing those investors real dollars, only benefiting the insiders fortunate enough to have had the B shares for conversion.
What you "believe" is incorrect, I posted the black and white conversion rules from the company's annual report. It doesn't matter how many times you post up what you "believe," the company's rules are IRREFUTABLE, as you like to say when you perpetuate the smokescreen on shorting of the stock. Series B Preferred shares were convertible at a rate of 2000:1 for 7 weeks from the end of January until the invisible board of directors (what are their names???) allegedly changed the rate.
"Shorting" is a smokescreen for company dilution, conversion of Preferred B shares, and people who acquired shares with 3-4 leading zeros in the price selling for a sure profit, which is what a smart investor would do.
You are incorrect or you made that up.
There are no fees. There is no limit. For 7 weeks, additional B shares were converted at a 2000:1 ratio. Here's the conversion rules from the last annual report:
https://backend.otcmarkets.com/otcapi/company/financial-report/182310/content
SERIES B PREFERRED STOCK DESCRIPTION
DIVIDENDS. The holders of Series B Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. LIQUIDATION RIGHTS. Upon any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, before any distribution or payment shall be made to the holders of any stock ranking junior to the Series B Preferred Stock, the holders of the Series B Preferred Stock shall be entitled to be paid out of the assets of the Corporation an amount equal to $1.00 per share or, in the event of an aggregate subscription by a single subscriber for Series B Preferred Stock in excess of $100,000, $0.997 per share (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to such shares) (the "Preference Value"), plus all declared but unpaid dividends, for each share of Series B Preferred Stock held by them. After the payment of the full applicable Preference Value of each share of the Series B Preferred Stock as set forth herein, the remaining assets of the Corporation legally available for distribution, if any, shall be distributed ratably to the holders of the Corporation's Common Stock. CONVERSION AND ANTI-DILUTION.
(a) Each share of Series B Preferred Stock may be convertible, at any time by the respective holder, into the number of shares of the Corporation's common stock, par value $0.00001 per share (the "Common Stock"), equal to the price of the Series B Preferred Stock as stated in 2.6 of this Certificate of Designations, divided by one hundred times the par value of the Common Stock, subject to adjustment as may be determined by the Board of Directors from time to time (the "Conversion Rate"). For example, assuming a $2 price per share of Series B Preferred Stock, and a par value of $0.00001 per share for Common Stock, each share of Series B Preferred Stock would be convertible into 2,000 shares of Common Stock. Such conversion shall be deemed to be effective on the business day (the "Conversion Date") following the receipt by the Corporation of written notice from the holder of the Series B Preferred Stock of the holder's intention to convert the shares of Series B Stock, together with the holder's stock certificate or certificates evidencing the Series B Preferred Stock to be converted.
(b) Promptly after the Conversion Date, the Corporation shall issue and deliver to such holder a certificate or certificates for the number of full shares of Common Stock issuable to the holder pursuant to the holder's conversion of Series B Preferred Shares in accordance with the provisions of this Section. The stock certificate(s) evidencing the Common Stock
shall be issued with a restrictive legend indicating that it was issued in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and that it cannot be transferred unless it is so registered, or an exemption from registration is available, in the opinion of counsel to the Corporation. The Common Stock shall be issued in the same name as the person who is the holder of the Series B Preferred Stock unless, in the opinion of counsel to the Corporation, such transfer can be made in compliance with applicable securities laws. The person in whose name the certificate(s) of Common Stock are so registered shall be treated as a holder of shares of Common Stock of the Corporation on the date the Common Stock certificate(s) are so issued. All shares of Common Stock delivered upon conversion of the Series B Preferred Shares as provided herein shall be duly and validly issued and fully paid and nonassessable. Effective as of the Conversion Date, such converted Series B Preferred Shares shall no longer be deemed to be outstanding and all rights of the holder with respect to such shares shall immediately terminate except the right to receive the shares of Common Stock issuable upon such conversion. (c) The Corporation covenants that, within 30 days of receipt of a conversion notice from any holder of shares of Series B Preferred Stock wherein which such conversion would create more shares of Common Stock than are authorized, the Corporation will increase the authorized number of shares of Common Stock sufficient to satisfy such holder of shares of Series B submitting such conversion notice.
(d) Shares of Series B Preferred Stock are anti-dilutive to reverse splits, and therefore in the case of a reverse split, are convertible to the number of Common Shares after the reverse split as would have been equal to the ratio established in Section 2.4(a) prior to the reverse split. The conversion rate of shares of Series B Preferred Stock, however, would increase proportionately in the case of forward splits, and may not be diluted by a reverse split following a forward split.
VOTING RIGHTS. Each share of Series B Preferred Stock shall have ten votes for any election or other vote placed before the shareholders of the Company.
Barn door was open for at least 7 weeks from their end of January financial report. Free conversions for the whole period.
Then there's this from your link:
(c) The Corporation covenants that, within 30 days of receipt of a conversion notice from any holder of shares of Series B Preferred Stock wherein which such conversion would create more shares of Common Stock than are authorized, the Corporation will increase the authorized number of shares of Common Stock sufficient to satisfy such holder of shares of Series B submitting such conversion notice.
So if one of their conversions causes the A/S to go above 6 billion, they have 30 days to correct themselves . . . wanna take bets on if that clock is ticking?
Rebranding . . . it's a thing:
http://noa-mobile.eu/store/product/noa-n8/
Sellers window with the PPS meandering between .5 to 1.5 cents per share until the next financials are published.
Did you run this to ground? Has there been a legal document for the "merger?"
They're probably just getting set up for a pre-sale, y'know, like comic core.
B share conversions that occurred in the 7 week window between the end of January and the meeting of the invisible board of directors where they allegedly changed the conversion rate are coming to market whenever they can generate a price pop, regular dilution, and some of those shares purchased with 2-4 leading zero's in the price being sold for sure profit.
Attempting to set up that "seller's window" between now and the next financials. Stock is dead once the share structure is known.
"Guidelines?"
Link me to these "guidelines."
They deceived investors on gagging the TA!
Read:
"We are also taking steps to ensure that we remain highly transparent and communicative with our shareholders. We have received a number of inquiries with respect to the company's share structure. The current transfer agent has an internal gag order that prevents the release of this information, which is contrary to the level of transparency that we wish to demonstrate. As such, we have begun the process of switching transfer agents, in order to make this information readily available to those who request it.
From this PR: https://www.prnewswire.com/news-releases/utopya-innovations-inc-a-wholly-owned-subsidiary-of-andiamo-otcpk-andi-announces-plans-for-ticker-change-and-more-300592503.html
What, exactly, is your definition of deception? Doesn't include an out and out lie?
Don't care what IR says, and even if I took their word at face value, the door was open for 7 weeks! You really don't believe there were 0 conversions since January 31 . . . surely.
I only see about 500,000,000 for debt conversion (and a reminder that Starkweather said that debts would be settled without diluting the stock) and another billion shares for B conversions and other dilutions. That conversion barn door was open for 7 weeks until it was exposed, reckon any other horses escaped (aka - additional conversions among those B shares)? And that is at least 7 weeks, other than a PR about the mystery "board of directors" (those who must not be named, apparently), there's nothing issued "legally" to close the door.
You can rationalize all you want, but the guys who held those B shares aren't stupid enough to hang onto them.
And there's not one single good reason (for investors) to gag the TA, doesn't matter what the ticker is. Not one.
No, the company had not done everything they said. In this PR, they say they're switching transfer agents so that the share structure would be transparent:
https://www.prnewswire.com/news-releases/utopya-innovations-inc-a-wholly-owned-subsidiary-of-andiamo-otcpk-andi-announces-plans-for-ticker-change-and-more-300592503.html
They didn't do that, they lied. Everybody on this board knows what a gagged TA means in OTC.
They also promised no dilution. When Utopya acquired control of ANDI, the O/S were 1,985,444,650. In the financial statement for period ending January 31, O/S are 3,579,209,650. Dilution has continued since then.
Those 2 things are far more critical in OTC land than anything that Loudon Green (or whatever) should mean to you and all other investors.
At the end of April, another fiscal quarter will end for ANDI and we'll get to see sometime in June what an additional 7 weeks of preferred B share conversions and additional dilution has done to the share structure. As we approach the date of the next financial report, this stock will die a slow, well deserved death.
Here’s the real iPhone 8 reveal event. The 39 ish seconds was a commercial from the reveal, event was much longer and involved real humans.
He doesn't work for them anymore, left in 2014, I think. He does have 4 GNC franchises in Florida under DVG Nutrition.
Hedge2019, your math is incorrect. Let's try it this way:
so you confirm INDIA market will be targeted by them as we suspected ?
https://www.statista.com/statistics/274658/forecast-of-mobile-phone-users-in-india/
ANDI-UTOPYA PPS POTENTIAL 80 CENTS 2018-2019
hedge2019 Friday, 04/06/18 10:36:33 AM
Re: emz post# 150911 0
Post # of 151055
ANDI-UTOPYA PPS POTENTIAL 80 CENTS 2018-2019:
IT IS VERY IMPORTANT TO KNOW THE MARKET UTOPYA WILL GO AFTER.
NOW THAT WE SAW THE FIRST PHONE OF THE LINE OF SEVERAL.
LET's CONSIDER INDIA SOLELY FOR NOW AND LET's FORGET RIDICULOUS DOLLARS PRICE PER SHARE HERE. A CONSERVATIVE BUT RELATIVELY OPTIMISTIC VIEW IS THE FOLLOWING:
CONSIDER ONLY THE INDIA SMART PHONES SALES: $24 Billion 2018-2021
120MILLION MORE SMART PHONES TO BE SOLD FORECAST FROM 2018 TO 2021 see link below.
CONSIDER LET'S SAY USD 200.00 PER SMART PHONE
CONSIDER ONLY ONE UTOPYA DEVICE
THAT IS A MARKET GROWTH FOR INDIA ONLY, OVER 3 YEARS, OF
USD 24 BILLION ( 120 million units x 200 $ )
IF UTOPYA GRABS ONLY 1 PERCENT: THAT IS $480 MILLION IN REVENUES ( ie 2.4million phones over 3 years or 800k units per year)
1% of 24 Billion is 240 Million. You're off by a factor of 2
IF WE CONSIDER A P/S RATIO OF 10 AS IT IS A GROWING START UP NEW BUSINESS: ( APPLE AND MOTOROLLA P/S RATIOS ARE IN 3-4 range !!!)
THAT MEANS A MARKET CAP OF USD 2.4B (5 x 480 Millions sales) SO CONSIDER 3 BILLION SHARES outstanding THAT IS A PPS OF 80 CENTS ( 2.4B/3B = USD 0.80)
When you do this, you only use 1 year of sales. You're off by a factor of 3 on that, however, after saying a P/S ratio of 10 is appropriate, you used 5. The last financial statement showed 3.5B O/S, and it is very very likely additional dilution has occurred.
NOT CONSIDERING ANY OTHER MARKET THAN THE INDIA MARKET !
https://www.statista.com/statistics/274658/forecast-of-mobile-phone-users-in-india/ abstract:
The statistic shows the number of mobile phone users in India from 2013 to 2019. For 2017 the number of mobile phone users in India is expected to rise to 730.7 million. In this same year the number of smartphone users in India is predicted to reach 340 million and could reach almost 468 million by 2021.