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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.
Well, every version of Android has to be tailored to the phone it is on, so it becomes proprietary. Unlike Apple that controls the hardware, phones that use Android have to add their hardware drivers for the specific phone, and the skins are just that, visuals. One man’s proprietary apps are another man’s bloatware, I had such on an Android tablet, even had others on a store, never used them because the other apps on the Google store were better and didn’t confine me to only the manufacturer of the tablet for games and messages.
I remove the bloatware from every device I own.
Just trying to figure it out. Mike’s BLU reference was a tip-off for me. Makes more sense if these are like those since you don’t go from 0 to new cell phone model on the streets in a year.
Btw, I looked at that address, it is an office building, but there’s probably 10-20 tenants in it. There’s space for lease right now.
Ok, so we really don’t know, then. That’s OK, I figured the stock was waving back and forth because of day trader types bumping the number up and down on low volume.
Not sure about a billion dollar idea, all the big cell suppliers are already in these markets (they have to be or there’d be no towers), several cheap knockoff brands there, too, so it isn’t new. Just have to google cell phones in country X and you’ll see they’re pretty far along. Plus, these can’t be those huawei phones, those are the new flagships for them, too expensive and huawei already has direct contracts with big cell companies outside the US, no need for a middle man.
When I saw the BLU reference, that made more sense, since those are knockoffs with a couple years old technology and less features. Also made sense that Android 7 was mentioned, since 8 has been out for 6 months. Leads me to think this is unsold/distressed inventory from somewhere they’re thinking about flipping. That’s a low margin business, though.
Vendors invited them to do what? Buy stuff? Display stuff? Attend?
In the back door implies under the radar, not sure why that’s good. Really trying to understand what is known so that I can measure the value. If nothing is known, there isn’t much, is there?
Excite me about it.
Why is the GWC huge for ANDI? I checked this link for that event, and I don’t see ANDI/UTOP listed on the site as any sort of exhibitor or sponsor.
https://www.mobileworldcongress.com/
CEO DD links to add to Darryl Green links in my referenced post.
Mike Starkweather links. Pretty sure this is him since the phone number listed in the info is the same as listed on this board’s page:
https://www.zoominfo.com/p/Mike-Starkweather/-1829206821
He's been a "high" level executive on a few small endeavors. Read the whole paragraph (hit "read more") under the Recent News section, and you'll find a bankruptcy filing in 2014.
If you click through the links, you'll see Golden Global Corp, which has been a gold mining operation, purchased that Combo Hitter system (MMA Punching bag thing), but now they seem to be in the cannibus industry under symbol GLDG.
https://investorshub.advfn.com/Golden-Global-Corp-GLDG-24980/
Sometime in between the MMA thing and cannibus, Mike seems to have left them for Shuttle Pharmaceuticals, they made a filing for an IPO in December of 2016 that hasn't happened:
http://www.nasdaq.com/markets/ipos/company/shuttle-pharmaceuticals-inc-1004339-82330
Made a deal with a company in Japan (note that Mike is listed as the media contact for that deal):
https://www.prnewswire.com/news-releases/shuttle-pharmaceuticals-and-pola-pharma-inc-agree-to-license-us-rights-to-doranidazole-300504886.html
He's not listed as an employee (so far the highest number I've seen is 12, this is not a big company), but may have been doing some marketing or deals for them, as I found a few articles he wrote for them and others:
https://www.linkedin.com/today/author/mike-starkweather-8634109
Still continuing my own personal DD.
No, Manpower has Darryl E Green. Darryl V. Green was an executive with GNC during some growth, but also during this:
https://www.bizjournals.com/pittsburgh/news/2014/08/05/fortunato-out-as-gncs.html
The GNC board doesn't mess around, I guess. Here's executive turnover:
https://www.prnewswire.com/news-releases/gnc-holdings-inc-strengthens-management-team-with-additions-to-its-executive-committee-275647551.html
Last sentence of the first paragraph is a guy taking over Mr. Green's area of responsibility.
Mr. Green has kept busy launching GNC franchises in FL. I found this in addition to 3 other stores under DVG Nutrition which bears his name as the authorized person. I'm guessing he is leveraging his knowledge of the company and franchising business:
https://floridadb.com/company/L15000160297/dvg-nutrition-store-7314-llc
I'm still searching for links to other adventures he may be involved in other than this one, that due diligence thing we all must do for ourselves.
That is Darryl E Green, not Darryl V Green