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Marketing and Sales
I had a similar thought, but it had a little different timetable and won't be received well. GDPR compliance is required in a couple months. That isn't the "figure out what you're going to buy" date, that's the "I know I meet the law" date. That means the shopping, selection of the solution, planning the deployment, deployment, testing, bug fixing, and verification is all done. You don't do that in a day, don't do it in a month if the enterprise is medium - large. What that means is if this company/product is really going to progress and be a long term business, there should already be real sales announced with real revenues coming to the company. Paying for a booth at conferences is unimpressive and almost smacks as a diversionary tactic so the absence of sales and revenue will be overlooked. The CEO may know about marketing and sales, but that knowledge needs to produce results.
Ok, that's fine. I wasn't really making a good or bad judgment on him being named in a PR of a scam since it is so dated and the info with his name was sparse, but if my wording implied one, I'll accept correction. Still learning the ropes, appreciate that there are a few unbiased people doing real research.
I wanted to comment that naming advisors was likely a common OTC ploy, but having read a half dozen boards, seeing a few names in half (John McAfee being one of them), I had to wonder.
I read that board from the time that PR was released just to see what was going on at the time, pretty much the same cheers I see on the handful I'm watching these days. I didn't read far enough to understand fully what the crimes were (no deeper than fraud), and appreciate you filling me in.
I don't think he's ever been naive, and while I'm not slighting him, I'm not cheerleading his name in all caps by no means. He has been involved in successful endeavors, that company he was involved in that did the VR stuff, where he sued Microsoft for patent infringement and won was good stuff:
https://www.reuters.com/article/us-microsoft-i4i/microsoft-loses-u-s-supreme-court-case-on-patent-idUSTRE7583IS20110610
Microsoft bought them after that. He's been dabbling in movies, sitting on boards, has another non-scam company that is floating in the pennies, too, though:
https://www.posera.com/press-release/posera-announces-chairman-and-ceo-loudon-owen-purchased-4000000-common-shares-of-posera-ltd/
Tidy little profit there.
I expect he's aware of whatever ANDI is, but as an advisor is well insulated from culpability.
Didn't really mean to imply he did anything wrong, looks like he just "undisclosedly" (lol) financed the other venture, that's all. Loudon Owen has had some clear successes in business:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138851999
Given his wealth and irons in the fire, he isn't running ANDI at all and is exactly as described in every PR (including the IR response), he's an advisor. We used advisors in my old company. They came in a few times a year, we asked them questions or to look at things, they did, advised us, took their fee and left.
My continuing education . . . so, this is a thing?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139571817
Is this why things like a detailed, but unfavorable, analysis of a company's financial statement gets ridiculed while a chorus of HUGE predictions of impending wealth drums it down deep into the post list?
His firm did provide undisclosed financing:
http://www.marketwired.com/press-release/fight-network-announces-new-financing-leadership-propel-global-expansion-strategy-767553.htm
But I can't find anything that suggests he was directly involved in the activities that led to jail time for the others. You were pretty active on that board back in those days, I'm sure you saw that PR.
Yeah, and when I noticed they were touting Android 7 (ie - out of date, 8's been out since August, 9 will probably be out this coming August), I'd figured the best case for this company was to obtain some unsold/distressed inventory from some manufacture and re-brand it, trying to pawn it off as their own and sell it. There might be profit in that, but not zero to $100M in a year and surely nothing to support a market cap north of $2B.
Yes, do a Google of the company names with "iPhone" or "Android" and you should get a listing of the apps they issued. There was one that had "minor code changes" made in 2014 called "Free Fun Memory Game." I'm including a link to that one:
https://itunes.apple.com/us/app/free-fun-memory-match-game/id473054897?mt=8
And the list from one of the two companies:
https://itunes.apple.com/us/developer/all-pro-apps-corporation/id467665487?mt=8
Amongst that long winded reply I posted a few minutes ago was a comment on the apps. Yes, they are old and those companies are dead. Last update was about 5 years ago. You can verify for yourself by looking at either the App Store on apple or the Play Store on Android. I looked at both.
Apps weren't great to begin with, no wonder they chose not to update them.
There are already companies there doing just that with cheap phones. Reading the board, it is like that market is completely unknown to the big cell companies and phone manufacturers, and that just isn't true.
Here's some things I looked up on the prospect of actual phones, note the stuff about the obsolete Android 7 and answering the flowery words about it being proprietary:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138439869
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138440092
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138527491
Here's info they don't share about Darryl V Green:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138399768
And Loudon Owen:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138851999
The board likes to drop those 2 names as though they are running the company, but they are advisors and likely have an arms length contract shielding the from liability. I don't know that, of course, but I sure would if I'd lent my name to a venture.
Plus those 2 app companies they own haven't so much as revised an app in years.
And here's the acquisition of a holding "company" created earlier this month:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139268360
Thank you. Do the current holders still have a window to convert at current rates?
Riddle me this. If I had a share of that stock, I could either get that $2 or I could convert it today for 2000 shares of common stock and get around $30 for it, right? Wonder which option those shareholders will take?
I appreciate your very thorough review of the financial statements of this company, it is what DD is supposed to be (as opposed to clicking on iHub poster links to company press releases). I hope you continue. People who are considering a purchase at a penny a share should read your information carefully. People sitting at sub-penny levels with zero's in front of their investment price won't care since the hype has already priced in a nice profit.
This company is supposed to be a quarter away from 3 smartphone modes, yet there has been no news to investors on the supply and manufacturing chain, the companies involved, nothing about the financial liabilities of contracts for that manufacture in any financial statement even though this has been in the works, allegedly, pre-merger. I expect any day now that BLU phones will be purchased from Amazon or BestBuy, a U sticker/logo put on it, and a YouTube video posted to hype up the proprietary Android 7 (ie - out of date) user experience, as well as pages and pages of posts asserting that Apple must be shaking in their boots.
IPO’s?? Thought there was ample capital available from advisors, family, and friends.
If (big if) Mr Green and the friends and family were coughing up the funding for the 0 to smartphone run, why’d they need an otherwise dead penny stock shell? Heck, if London Owen wanted to be intimately involved in the management of a startup phone company, why didn’t he just do it?
Yes, thanks, forgot completely about shorty, though someone usually explains about that.
I google/DD to a depth and apply logic that is apparently unwelcome on the boards, questioning the wild speculation is like hollering "no we're not" when the cheers are "We're #1!" at a high school pep rally. Problem is I can't seem to tear my eyes away from this, like watching a train wreck in slow motion. I did put my $ away, though, so I'm OK, but I still have to toss in "no we're not" a couple times a week.
Looks like he's bounced around some before with this program, had classidocs.com for awhile, got acquired, got unacquired 5 months later, then a PR says that Data443 acquired classidocs, but it appears he had both companies, so a paper transaction.
This board should be required reading (or DD) for anyone that creates an account on iHub. Watching LDSR and ANDI, I'd deduced quite a bit (but not all) of your introductory information, but had I read through here and then watched a couple weeks, I'd saved myself a couple grand.
Standard operations seems to be fluffy PR's with a lot of words, but without bottom line value to the company, named advisors with history that really aren't running the company, holding companies holding other holding companies that acquire other dead companies, and all this being touted by a band of cheerleaders as the beginnings of the next Amazon or Apple, all intended to get the unsuspecting to invest in shares at a penny or so (more if the cheerleaders do their job well) that were acquired at prices that have a lot of leading zero's after the decimal, either from the companies, their debtholders, or the cheerleaders themselves. Oh, and all the while these transactions go on, complaining about market makers holding them back and possible dilution from the company while some of those lucky to have nabbed those zero's slowly ease out some or all of their purchase.
Two that I've watched have been mentioned here in the last couple days (LDSR and VTNL), another being ANDI. Are they all like this? I see a few that crept into dollars, but most every one that I've looked at has a huge spike up, then back down to what appears to be the death of a stock.
Classidocs in OTC before?
I see Classidocs has been "acquired" and run through pennyland before.
https://www.prnewswire.com/news-releases/appiphany-technologies-ip-risk-control-acquires-classidocs-619006434.html
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130335775
Wonder why it didn't pan out for APHD?
Mike says that Loudon was as a "contact of one of the founders." In addition to his "advice," he's also producing movies and is on the boards of some other companies with a net worth that gives him a comfortable life. I've read all the PR's, none of them say he's running the company.
Henry Ford was building cars from his background as an engineer and machinist and did go bankrupt twice starting car companies. He knew cars inside and out at the time and knew what to do to optimize the assembly line process to make them. Third time was his charm. Mike have some background in cell phones?
Mike Starkweather, CEO who has never done anything, filed bankruptcy in 2014.
Two guys, likely decent guys, he hired as advisors. They advise, they're not running the company. Loudon is producing movies, Darryl is running 4 GNC franchises in Florida and doing other consulting work.
They're listed as a client of Cycloides. Anybody can be. If they were a "strategic partner," they'd be listed as such. Other companies are listed that way, why aren't they if the PR was true?
CLEC holdings was created 17 days ago. Key acquisition there. Zero value added.
CascadeNW's website was put up in 2016 by Justin Su, another guy who's never done anything. I fully expect a hyped up PR about acquiring it.
Xiaomi began in 2010 with a full slate of executives with the credentials to lead the company's various design, manufacturing, and sales departments. Read the whole thing here:
https://en.wikipedia.org/wiki/Xiaomi
Any comparison to Xiaomi is wild speculation. We have 1 guy who's never done anything as CEO and 2 guys named as advisors. They're just advisors. It's not on them should the company fail to succeed.
Anybody know how many people actually work for Utopya, other than the ones that get free trips to conferences in exchange for tweeting pictures? Anybody notice Utopya took down their street address from the website?
No, all I had to do is look up the other tenants in “Suite 200.” Think they’d be sharing that same physical office space with 2 law firms?
CLEC Holdings isn't sharing office space with anybody. Go on Google Earth, it'll let you go all the way around that building. Note the dentist office that is prominently listed on the front of the building. Pay attention to the View Pointe Center (the name of the complex) "Executive Suites" and especially the "Virtual Offices" advertised as being for rent. Do you know what a virtual office is? It is for a company wanting to list an address but not physically be there. They start at $49 . . . Here's more info:
http://www.viewpointecenter.com/whats_virtual_offices.html
Yep, and will not be surprised if their first "acquisition" is Justin's other company he threw up a website for a couple years ago.
It's because that latest PR was about the "holding" company acquiring another "holding" company that was just created 2 weeks ago. That doesn't add value.
The new "holding" company was created by a guy who's never done anything but create a website 2 years ago which he'll likely "acquire" if he can muddle together the $15M he says he needs. This new "holding" company is allegedly in a business that is way different from what was being sold just a few months ago (ie - selling cheap phones in faraway places). That won't add value either.
Very likely that CLEC Holdings "acquires" CASCADENW.net, since Justin Su created that Domain on 5-24-16 (last updated 11-27-17). Not much of a leap to "acquire" a website you already own. Don't take my word for it, do a Google on "WHOIS CASCADENW.NET" and it'll give the publicly available information on that domain/website.
So we have a "holding" company that holds 2 dead app companies that have neither published nor updated an app on the iPhone or Android since 2014. They're also "holding" an alleged cell phone company whose recent work includes travel to Las Vegas and Barcelona to take pictures to put on Twitter. We do not know how many employees there are of this company nor what they are up to. Now the holding company will hold another holding company that was just incorporated less than 2 weeks ago.
I appreciate the desire to see this stock soar to $1, but that takes, what, a $2+ billion dollar market cap? Those kind of whales don't swim in unless there's real potential they'll be fed, and the "holdings" don't really look like that sort of potential, do they?
That copyright will update automatically year after year and is meaningless.
Go to their “Our Company” link and hit “Our History.” Find it odd at all that it ends in 2010?
Thanks for the welcome.
Look through the pages. Their history page ends at 2010, their job postings and news releases ends at 2013. There was 1 industry news (ie - not them) that was posted in 2017.
If you plunder around that website, you’ll figure out it hasn’t had an update since 2013. Seriously.
So Utopya, “owned” by ANDI, secured the rights to apps from another company, “owned” by ANDI, that doesn’t even have a working website. Oh, and if you google that company, the last news on apps was about 5 years ago.
We also know that Loudon Owen has a net worth of $17M, and that he's been doing movies as an executive producer:
https://networthpost.com/net-worth/loudon-owen-net-worth/
Haven't seen any of the movies, likely haven't hit the big time, but that seems to be a passion of his and likely takes time to do.
We also know he bought into his own company, Posera, at what appears to be about 12 cents per share to the tune of 4M shares last year:
https://www.posera.com/press-release/posera-announces-chairman-and-ceo-loudon-owen-purchased-4000000-common-shares-of-posera-ltd/
Those shares are worth roughly 24 cents today.
He's listed as having a lot of irons in the fire, and the notion he's involved in this company in anything more than an advisor role has no merit.
The fact that Utopya had to "borrow" a business address should be a blood red flag. The fact they have no business phone # on their "website," should be another.
Darryl Green is also an investor and advisor, but he's currently running 4 GNC franchises through DVG Nutrition:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138399768
Quite likely he has no worries about making a decent living with 4 stores, also likely he had a separation package from GNC in 2014, net worth, though is probably well south of Mr. Owen's.
Posting about the CEO's bankruptcy in 2014 and other endeavors will be lost in the wind. I did that just short of 3 weeks ago just to be sure everyone was aware and could add it to their DD to provide a little balance to the hype. The CEO is running the company, the other 2 guys (Owen and Green) are just advisors, we have not one clue what they were asked to advise on or how frequently they are consulted. Their reputations, such as they are, would remain intact no matter which direction this thing heads if they did as requested.
Here's the info I found:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138412760
Wanna buy a Huawei Mate 10 Pro in the US that works with ATT today?
https://www.amazon.com/Huawei-Unlocked-Processor-Camera-Resistant/dp/B078T3D547/ref=sr_1_2?s=wireless&ie=UTF8&qid=1519010143&sr=1-2&keywords=huawei+mate+10+pro
Pretty high $ phone, way more than the alleged UTOP business plan and for the markets targeted, Huawei is already playing with the big boys here and in those markets, has no need, zero, for a new startup to partner with for anything.
No, you’re not crazy, they’d make more sense than Huawei at the alleged tier of phone offerings, they’re pretty cheap here in the US. However, they’ve already secured an exclusive partnership for their phones in India:
https://www.themobileindian.com/news/alcatel-partners-exclusively-with-flipkart-in-india-20539
I'll take the CEO's word until he changes it:
"My suggestion would be to take a look at BLU phones to get a better idea of what Utopya has planned. "
http://www.brodmannenterprises.com/2017/12/brodmann-enterprises-exclusive-corporate-update-from-mike-starkweather-at-andiamo-inc-otcmrkts-andi/
Here's the BLU phones for sale at Best Buy today:
https://www.bestbuy.com/site/searchpage.jsp?id=pcat17071&sc=Global&usc=All%20Categories&type=page&browsedCategory=pcmcat311200050005&st=categoryid%24pcmcat311200050005&qp=devicemanufacturer_facet%3DDevice+Brand~BLU
Those are lower end phones than I'd expect, and I'm not saying "that's the partner," but the business model is to offer "first phones" with less bells and whistles, less costly, get people a phone in their hand that will one day become a necessity just as it has here. There's profit to this, but it'll take a little time to get it rolling, and it is unlikely to make everyone billions (more likely to be bought and assimilated by a bigger player if it shows promise).
Of course, I'm speculating, too, but it is on the CEO's suggested business analogy.
Or we can continue to speculate on instant billions while watching the stock PPS get tossed around by $300 trades every day.
Huawei's P20 phones are their new flagships, their "state of the art" expected to release in March. Here's a link:
https://www.techadvisor.co.uk/new-product/mobile-phone/huawei-p20-3660600/
There's not the slightest chance they're going to make a deal to allow a "new to the game" third party to re-brand and sell their top of the line phones, they'd be shooting themselves in the foot, and wild speculation that they will is not helpful. Their current phone, the P10, is for sale on Amazon, the 128GB version is $739.
https://www.amazon.com/gp/product/B077RRKQMH/ref=s9_dcacsd_dcoop_bw_c_x_1_w?tag=pda0fc-20
Those are not mid-range phones.
Huawei wouldn't be a good business partner anyway, they're in the news for posting fake reviews:
https://www.theverge.com/2018/2/12/17005798/huawei-fake-reviews-best-buy-mate-10-pro-phone
Thanks for the very thorough and thoughtful response. I used to tinker with unlocking prior iPhones and that Android tablet, had one desktop that I ran Linux on until the neat and groovy wore off. I have a stake in ANDI already, but not from sub-penny times, and bought before I had read anything other than the press releases stickied here. So now I’m digging to try and figure out where they’re headed, and it isn’t easy.
At the top of the main board page is a reference to Android 7, so that’s what I’d have to go with. Somewhere on here I saw a quote from the CEO referring to the BLU phones as a comparison approach, so that made sense with the cited OS and price point (though a bit low).
OS’s are tough to launch on phones, even MS couldn’t get one to stick against google and iOS.
There can be profit in taking year old inventory, branding it, and reselling, not gobs of it, but a good return for a small company and investors. I’m cautious and skeptical about 10 figure speculation, though, when the PR is all that is seen.
So tell me what it was that took you from skeptic to shareholder. I appreciate finding a skeptic to ask that, definitely a minority, but your perspective may keep me from selling.