InvestorsHub Logo
Followers 208
Posts 6352
Boards Moderated 0
Alias Born 01/11/2012

Re: Topchef post# 141780

Monday, 03/26/2018 2:42:31 PM

Monday, March 26, 2018 2:42:31 PM

Post# of 226096
Yes. IR asked to help circulate this information..

To Whom It May Concern,

Thank U for contacting the Investor Relations Team at Utopya Worldwide!

Please note that this is a blanket email response, as we are currently flooded with similar questions:

Preferred Series B:

The Preferred Series B Stock have been in place for several years and, naturally, included several of Andiamo’s original shareholders. This should come as no surprise to shareholders as the description of the Preferred Series B (liquidation, conversion rights, etc.) has been disclosed publicly over the life of Andiamo in the company's quarterly and annual reports listed on the OTC company page, under the "Disclosure" tab.

After extensive legal review, the Board of Directors has voted to change the price of the Series B Preferred Stock from $2.00 per share to $0.002 per share. The price change is in accordance with the Certificate of Designation of the Series B Preferred Stock. This Certificate of Designation allows the Board of Directors to adjust the price of the shares at any time. Reasoning for the Board taking this action is that it reflects the current overall share value and distribution.

"Toxic" Debt / Dilution:

Since the reverse merger back in November of 2017, the company has not taken on any "toxic" debt. We have only raised capital through small private Share Purchase Agreements.

In regard to recent conversions, it is the mission of the company to prioritize repayment on these debts prior to shares becoming free-trading.

Ticker Change:

This has remained largely unchanged:

"As you know, we are in the process of filing a name change application to FINRA under Rule 6490 which will include a name and symbol change. At the current time we do not have a date as to when it will be approved and take effect, but will share that information with shareholders as soon as we know."

Key Players:

Many shareholders are questioning the activity and involvement of Mr. Green and Mr. Owen. As stated before, they are advisors to the firm and subsequently are involved with strategic efforts made by the business. It is through their expertise, status, and connections that adds tremendous value to the team. With that being said, we cannot disclose further details regarding their day-to-day activities. In addition, Mr. Green and Mr. Owen will not be responding to messages sent to them from individual shareholders; all of these messages are forwarded to the IR department.

With respect to the rest of the team, there are a lot of moving pieces in this rapid growth phase of the company and we are not yet ready to reveal all of those involved. What I can tell U is that everything should be coming together and our business progress made more clear in the coming weeks.

Phones:

We plan on unveiling the phones within the coming weeks. At the current time we are performing a quality control check and finalizing some marketing materials. Stay tuned and know that they ARE coming.

V Stock Transfer:

As to why we switched transfer agents: the new transfer agent is more in line with the Company as a technology offering. They are also offering the Company and its shareholders better service.



And as to why the TA is still gagged: due to the pace of change and implementation of management’s programs we feel it is prudent to control dissemination of information from a single point. The transfer agent is not privy to managements’ plan or discussions, so controlling information that could be wrong or outdated seems appropriate at this time.


Investor Relations:

The Investor Relations Team serves as a conduit between shareholders and upper management at Utopya. We are the first line of communication with shareholders and prospective investors, as well as business-to-business inquiries, partnership and investment opportunities, and sponsorships. Needless to say, we experience a high volume of emails. While we do prioritize shareholders, we get a lot of the same questions, as well as questions that have already been answered before in our public disclosures. We simply cannot respond to everyone and we apologize for this.

While most demand a quick reply, most questions require internal discussions about what we will and will not disclose to shareholders. This takes time, so please be patient with us.

Exciting developments are in store and should be released in the coming weeks.

As always, thank U for your continued support!

Are U Ready?

The Investor Relations Team
Utopya Worldwide Holdings, Inc.