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Re: Newblooder post# 158228

Wednesday, 04/11/2018 1:18:47 PM

Wednesday, April 11, 2018 1:18:47 PM

Post# of 226110
"Utopya Innovations (phone startup company) is a subsidiary of Utopya Worldwide Holdings, Inc(ANDI). Which is why you did not see anything related to them in the Quarterly. ."

You actually have that backwards. A wholly owned subsidiary's financials (while distinct) are part and parcel of the parent company and have to reported on a consolidated basis.

If ANDI wholly owned Utopya Innovations Inc., under GAAP Utopya's numbers would be ANDI's and have to be reported AS ANDI on a consolidated basis.

But since they aren't it is just another clue that ANDI doesn't own Utopya Innovations Inc.
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