Andiamo Corp. (ANDI)

[NYD]

ANDI & UTOPYA Merged in November of 2017. A deal was made to end the old line of business with that merger and it resulted in approx 1 billion more shares, most of them restricted (which is great for shareholders). That was the cost of ANDI/UTOP ending the old line of business. You can't just end contracts/deals without a cost. The result of this can be viewed in the most recent quarterly. Since the quarterly covered Nov-Jan 31 and wasn't released until a week ago, some folks are making it appear as though the company just recently diluted the stock and therefore lied to shareholders when that couldn't be further from the truth. This transaction should have come as no surprise to shareholders and is totally acceptable considering the options. Other than that, there has been absolutely no proof of dilution except for pure speculation. As far as this being a pump & dump, there is absolutely no evidence of that. Absolutely none. The company also reported multiple times that they were not interested in toxic debt and they were not a Pump & Dump nor do they subscribe to it. There was very little debt left over from the previous regime of which Mike was trying to settle with them. Anyways, all of this can be verified in the quarterly.