Andiamo Corp. (ANDI)

[TenKay]

"the IR Department responded by saying, "there must be a misunderstanding about the process by some, the board has voted and the new conversions are in affect immediately". The TA is aware of the new conversions and the company will follow-up with the paperwork later but that will not impact the new conversions now."

The IR department is misleading you then. Here is why I can say that.

Let's say the OS was bumping up against the AS and the Board voted to increase the AS....but did not file the revised designation with the State.

Would the TA issue shares beyond the original AS? Answer: NO. Not until the designation was filed with the State as they would retain liability until then.

This question of the pref designation is no different