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Monday, March 26, 2018 12:41:24 PM
So keep an eye on this link:
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=032118005204223107022212191092215134008105026132
Until an amendment is filed nothing has changed - the Series B preferred shares are still convertible at 1:2000.
I'm not sure if they really have a clause written in that allows them to change the value of the preferred B shares. That clause was never included in the information for the designation that they filed in their recent OTC disclosure statements.
https://backend.otcmarkets.com/otcapi/company/financial-report/182310/content
I do know in the past ANDI has issued some series B preferred shares in exchange for capital so I can't imagine the Series B preferred share holders will be too happy with having the value of their holdings reduced 1000 fold. I'd imagine there may be some backlash from some of the Series B preferred share holders.
But yeah, anyways, until an amendment shows up at the Wyoming SOS that reduces the value of the Series B preferred stock from $2 to $.002 no change has actually happened. This will be a good test for the Utopya team. They failed on the December 20th dilution promise. Will they fail on this promise too?
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