Andiamo Corp. (ANDI)

[trader59]

Any private company, public company, or private individual can obtain controlling interest in a public company. In this case, it is clear that Utopya Innovations has controlling interest in ANDI.

Mergers are different, the two companies become one.

Even in a subsidiary arrangement, the financial statement of the parent/shell company will include the business and finances of all of its subsidiaries.

In the quarterly financial statement for period ending January 31, there is no mention of Utopya Innovations, LLC, as a subsidiary of ANDI. In the description of business, there is no mention of selling phones, in the listing of subsidiary companies there are only the 2 dead app companies that are mentioned in the company's business description. And, in the finances, there is no mention of the cash, debts, obligations, of a phone company that has, allegedly, "phones in the pipeline for a long time," to the extent that a phone was "in the hands" of a mystery man at one of the tourist events they went on.

Either the merger wasn't/hasn't been completed, or a grossly incompetent person prepared their financial statement for quarter ending January 31. Neither of those should give an investor comfort since a defective financial statement can get you crossways with regulators.