Q: What has been done with old debts? A: We are negotiating those and they will be settled without diluting the stock.
But if you look at the most recent quarterly report filed on 3/22/18 for the period ending January 31, 2018 you'll see that LG Capital Funding got 322,415,200 shares for the conversion of debt on 1/18/2018. January 18th comes after December 20th. Oops the CEO goofed.
Since the A/S is 6,000,000,000 and the O/S was still only 3,579,209,650 shares as of January 31, 2018, ANDI will be able to dilute up almost 2.5 billion more shares before an A/S increase will be necessary. A lot of money can be made off of 2.5 billion more shares before Michael Starkweather has to come up with some excuse about why the A/S has to be increased.
Legally, ANDI can't stop the debt conversions unless they pay the debts off in cash before they come due. Since they have no cash and we've already seen a big conversion by LG Capital since the CEO promised more debt conversion, I wouldn't bet on that happening.
And Legally, ANDI can't stop the Series B preferred share conversions because those shareholders have rights that are written into the Articles of Incorporation.
Between November 1, 2017 and January 31, 2018, ANDI issued 510,000,000 free trading common shares for the conversion of 255,000 Series B preferred shares.
Between November 1, 2017 and January 31, 2018, ANDI issued 558,765,000 free trading shares for the conversion of $7,500 in convertible debt.
That's a total of 1,068,765,000 free trading shares issued in just one quarter (between November 1, 2017 and January 31, 2018). Those numbers can all be confirmed in the ANDI OTC disclosures
As of January 31, 2018, ANDI still had 18,752,860 Series B convertible Preferred shares convertible into 37,505,720,000 more free trading common shares (easily confirmed if people bother reading the OTC disclosures)
As of January 31, 2018, ANDI still had $37,000 in convertible debt (easily confirmed if people read the OTC disclosures).
If Utopya isn't expecting sales until mid-late 2018 that leaves two more quarters for tons more dilution (just like last quarter). And there is no guarantee that Utopya will ever end up launching any products let alone ever be a profitable business.
Has Utopya offered any proof that they have any money or patented technology or employees or parts/equipment or any assets? Outside of attending a smart phone conference what has Utopya done that can be verified?
Their website was only just created on November 19, 2017.
They are obviously a brand new company.
Michael Starkweather + Dustin Secor
So what has Utopya done so far? I see they announced that they have recently secured the rights to Action App Corporation and All Pro Apps Corporation.
Did you know that Action App Corporation was a part of the ANDI shell way back in 2011 when the shell was known as Title Consulting Services Inc (TITL).
"We are very pleased with the initial rankings of these new apps and hope that one or more will go viral. We will continue to expand and deliver more apps through our Action App Corporation and provide entertainment to our customer base and increase value to our shareholders," said TITL chief executive officer Dustin Secor.
Here is another PR done by ANDI (David Secor) in 2011 touting Action App Corporation
The last time the Florida business entity for Action App Corporation was active was in 2013 (see the link above). The Florida business entity was dissolved in 2014.
It was Dustin Secor that created the Action App Corporation website at http://www.action-app.com The website is still registered to Dustin Secor as of today:
The last time that the Action App Corporation website was active was in August of 2013
What a coincidence that Action App Corporation was once a part of the ANDI shell when Dustin Secor was the CEO from 2011 to 2013 and now all these years later Action App Corporation is part of the ANDI shell again while Dustin Secor is selling hundreds of millions of free trading shares of stock into the market through Series B Preferred share conversions (detailed in the following post)
How exciting. ANDI now owns two entities that has have both been defunct since 2013.
Obviously it is Dustin Secor that provided both All Pro Apps Corporation and Action App Corporation to ANDI for the February 28, 2018 press release.
So Dustin Secor coordinated the February 28, 2018 Utopya press release with Michael Starkweather to help pump the ANDI stock price while Dustin Secor is dumping his free trading stock into the market from his Series B preferred share conversions (as I detailed in the following post).
Dustin Secor who controls PC Trust dumped 200,000,000 free trading shares of stock that he got by converting 100,000 Series B Preferred shares on 12/21/17 while Michael Starkweather was serving as the CEO of ANDI (easily confirmed by looking in the most recent OTC disclosure done by ANDI). Secor could have easily sold those 200,000,000 shares for $2 million or more.
Two more people (Corbin T Hardy and David Bodie) who I think are associated with Dustin Secor also got big chunks of free trading stock from Series B preferred stock conversions since Michael Starkweather took over as the CEO:
Corbin T Hardy got 200,000,000 free trading common shares for the conversion of 100,000 series B shares on 12/20/17 David Bodie got 110,000,000 free trading common shares for conversion of 55,000 series B shares on 1/09/18
Those 300,000,000 shares could have easily fetched over $3 million.
Since we now know that Michael Starkweather and Dustin Secor are in cahoots together, that only increases that chances that Dustin Secor will be able to continue converting Series B preferred stock into free trading common shares in the future. As I've already made very clear using information from the ANDI filings, ANDI still had 18,752,860 Series B convertible Preferred shares convertible into 37,505,720,000 more free trading common shares. Most of those Series B convertible preferred shares are owned by Dustin Secor
It sure makes Michael Starkweather a little less trustworthy knowing that he is working with Dustin Secor while Dustin Secor is selling hundreds of millions of free trading shares of stock into the market.
Seriously, what exactly is there to be excited about?
AI
