Well just because ANDI is non reporting does not mean that SEC rules and Regs do not apply to them, The otc is littered with stocks that the SEC has hammered that were non filers :)
Alternative Reporting Standard: When SEC registration is not required, companies must generally still make information publicly available pursuant to Federal securities laws, including Rule 10b-5 under the Exchange Act and pursuant Rule 144(c)(2) under the Securities Act.