Wednesday, May 02, 2018 12:02:33 PM
The Group financial statements consolidate those of the parent company and all its subsidiaries. The subsidiaries are all entities over which the Group has the power to control the financial and operating policies. The Company obtains and exercises control through all the voting rights of the subsidiaries.
https://backend.otcmarkets.com/otcapi/company/financial-report/190282/content
Means that all subsidiaries are reported.
Same report, page 5, gives ANDI's subsidiaries:
Business Description
Andiamo Corporation (SIC Code 7372 Services-Prepackaged Software) which was incorporated in the State of Nevada, June 2011, with a fiscal year end of July 31, consists of the following two wholly-owned subsidiaries:
• Andiamo operates:
T3 Apps
The Best Phone Game Tracker Security Alarm Battery Mirror Flashlight Booth Talking Test Apps Company
All Pro Apps
Utopya Innovations is not listed. It is not included in the financials, and the "assets," which would be the allegedly in progress phones with related obligations to manufacturers, are also not included. Further, the description of the company's business does not include selling phones, at all. Utopya Innovations, LLC, is the company allegedly making the phones.
Utopya Innovations has been called a "wholly owned subsidiary" in press releases on 1/25/18 and the notification of the reverse merger. No question the financial statement would/should be significantly different were that true.
What would it mean to shareholders if the merger was not consummated?
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