Then as you said, Utopya (the smart phone start up) has called itself a wholly owned subsidiary of ANDI in every press release since.
So if no merger actually did take place then ANDI/Utopya has committed securities fraud by saying it has in multiple press releases.
But yes, as you said, since ANDI reported no smart phone operations in its quarterly report for the period ending January 31, 2018 something doesn't quite add up or smell right.
I have no doubt that FINRA is asking lots of questions about why the November, December, and January press releases completely contradict what was reported for the period ending January 31, 2018.
It wouldn't surprise me if the SEC starts to take an interest too.