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ANDI - The big "unveiling" of its first

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nodummy   Tuesday, 04/10/18 07:42:59 PM
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ANDI - The big "unveiling" of its first smart phone (named the Utopya Odyssey) came this afternoon but all investors got was a 35 second promo video of a computer animated phone with some specs listed in the graphics of the video.




Some key points about the video:

1) No actual phone was shown (just an animated image)
2) The Utopya logo wasn't even visible on the phone (if I was trying to promote a new phone the first thing I'd make sure people saw was my logo on the phone)
3) Investors still have no proof that Utopya has a working phone


The Utopya co-Founders, Jason Steinberg and Ian Brewster, also put out a promo video for their last smart phone company - Comet Core Inc.




In the following video, Comet Core Inc showed a real phone functioning (which is more than Utopya has done so far).



But Comet Core Inc was never able to bring their phone to market. (despite taking orders from hundreds of customers in advance).

Having a functioning prototype is still miles away from having a product on the market. The Comet Core Inc phone (which in that 2nd video looked sort of similar to the Utopya Odyssey) never got manufactured and distributed. So Utopya Investors have a right to be skeptical about the Utopya Odyssey ever making it to market too.


Besides the lack of proof about the functionality of the Utopya Odyssey, there are still many unanswered questions about funding and contracts.

As of their financial statement for the period ending January 31, 2018, ANDI/Utopya reported no cash and no business operations so I'm not exactly sure how they will be able to pay to manufacture the phone assuming it does work and it is ready for manufacturing. Manufacturers will want payment in advance.

Even if Utopya does some how come up with the cash needed to manufacture the phone, there is still the great mystery of how a start up company will be able to pay for patent rights and manufacturing parts at prices comparable to the major smart phone companies in existence. A higher cost of manufacturing will either force Utopya to have to price their phones higher than similar phones made by the major competitors (and yes there are dozens of similar phones) making it less appealing or it will force Utopya to have to cut profit margins. Either scenario raises the potential for failure.


------------


Utopya also put out a press release for the "unveiling" of the Utopya Odyssey smart phone.

https://www.prnewswire.com/news-releases/utopya-innovations-inc-through-andiamo-corp-otcpk-andi-unveils-its-first-smartphone-device-300627696.html?tc=eml_cleartime

The press release gave some additional specs for the phone that weren't included in the computer animated promo video.

But most interesting of all from the press release was the following statement:

Quote:
The Utopya Odyssey is now available solely to the Company's distribution partners around the world.



It is interesting because Utopya by their own admission (or rather lack of admission) has no distributors.

Utopya said they would release information about contracts with distributors all throughout December and January. Upcoming contract news was the big selling point going into and coming out of the CES Conference that helped run the stock to $.0395/share by the end of January.

Throughout February on into March, Utopya continued to dangle the carrot that contract news is coming soon.

That contact news never came. If Utopya had any contracts with any distributors they would have announced it.

I put a few examples of ANDI/Utopya dangling the contract carrot in the following post:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139790947

My big timeline post documenting the ANDI p&d activity on a daily basis also has several more examples of the contract carrot being used:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139848577

Utopya doesn't have any contracts with any distributors or they would have announced it in a press release. That is after all what they promised to ANDI investors for months starting in December.



Today's big "unveiling" wasn't much of an unveiling of anything. It provided no new proof of anything and served as nothing more than just another example of ANDI/Utopya dangling carrots to try to keep interest in the stock going.

ANDI/Utopya is still a million miles away from proving that they have a real product that can be produced and sold.

At this point ANDI is still just your typical penny stock and comparisons to other penny stocks that became historical pump&dumps based solely on hype are more than fair.


With ANDI/Utopya, people also need to be careful not to just be blinded by the forward looking smart phone story. The ANDI/Utopya issues go way beyond just whether or not ANDI will ever actually have anything real on its balance sheet. ANDI/Utopya has already been documented as a pump&dump/insider enrichment scheme with friends (and possibly family) of the CEO and other Utopya insiders using Series B stock conversions for the dumping of hundreds of millions of shares of stock into the market during the pumping. Even Spongetech Delivery Systems Inc (SPNG) had a real product but that didn't stop it from being shut down as a pump&dump scheme.









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