Quarterly report out - proves massive fraud https://backend.otcmarkets.com/otcapi/company/financial-report/196088/content No Smartphone Operations
Just like I predicted as of April 30, 2018 ANDI still owned no smart phone operations. Smart phones are not mentioned one single time in the quarterly report. Neither are any contracts or agreements related to smart phone operations.
Even in the subsequent events section nothing is mentioned about any smart phone operations.
ANDI unveiled their phones on April 10, 2018 then continued to release photos and information about the phones throughout most of April. So where are the phones? Where are the contracts? Why aren't the phones mentioned in the quarterly report for the period ending April 30, 2018?
Remember all those promises about contracts being signed in December and January? Deals are in place just waiting to get ink on paper. Just waiting on the lawyers to finish up the paperwork. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137429267
"We have multiple agreements being reviewed and as soon as one is completed the shareholders will know"
Lies lies lies!
I thought maybe it might have been that Utopya Innovations Inc was never merged into the ANDI shell but according to the quarterly report they did merge Utopya Innovations Inc into the ANDI shell, Utopya Innovations Inc just doesn't own any assets.
ANDI now describes its business operations as:
- Utopya Innovations Inc - a hardware and software developer
- All Pro Apps - a software developer dedicated to mobile apps
All Pro Apps is the old defunct outdated app business that ANDI inherited from Dustin Secor.
The only Assets ANDI reported on April 30, 2018 was some cash raised by selling one of the two old app businesses (and possible from the selling of series B preferred stock). No software. No hardware. No equipment. No property (physical or intellectual)
On February 2, 2018, the company sold T3 Apps one of its wholly - owned subsidiaries for $100,000
Fyi those same apps that got sold for $100,000 were previously valued as $541,429 on the ANDI balance sheet. https://backend.otcmarkets.com/otcapi/company/financial-report/190282/content Tons more Dilution from Series B preferred stock conversions
Just like I predicted hundreds of millions of more shares were dumped into the market through Series B preferred share conversions after January 31, 2018 despite Mike Starkweather repeatedly saying there was no dilution - lies lies lies!
All total 740,000,000 more shares were dumped into the market from Series B preferred share conversions after January 31, 2018. They have to all be Series B preferred stock conversions because ANDI started the quarter with $37,000 in debt Notes and finished the quarter with the same $37,000 in debt Notes on the balance sheet.
02/01/2018 PC Trust 200,000,000 shares conversion
02/03/2018 Raymond Kripiatis 75,000,000 shares conversion
02/28/2018 Woodmont Investment 100,000,000 shares conversion
2/28/2018 Woodmont Investment 165,000,000 shares conversion
03/01/2018 Rebekah White 200,000,000 shares conversion
740,000,000 shares would have been the conversion of 370,000 series B preferred shares.
Add that to the 510,000,000 shares dumped during the previous quarter and all total since the Utopya team took over the ANDI shell 1,250,000,000 shares were dumped into the market because of Series B preferred share conversions.
We know PC Trust is Dustin Secor
Woodmont Investment Group LLC is Allen Silberstein aka Gabi Silberstein aks Gavi Siberstein. Silberstein used to run AGS Capital Group LLC until it got named in SEC litigation for participating in a massive share selling scheme along with about 2 dozen others https://www.sec.gov/news/pressrelease/2015-50.html https://www.sec.gov/litigation/admin/2015/34-74586.pdf
After the AGS Capital Group LLC litigation Silberstein formed Phoenix Fund Management LLC and Atlas Long-Term Growth Fund LLC to continue to participate in penny stocks as a toxic financier. In November 2017 he created Woodmont Investment Group LLC. Normally Silberstein acquires old debts in exchange for new convertible debt Notes, but apparently with ANDI he acquired Series B preferred stock and participated in the ANDI Series B preferred stock dilution scheme.
I'm guessing that Rebekah White is related to William White.
I know who Raymond Kripaitis Jr is. He was litigated by the SEC in 1997 and Barred from from association with any broker or dealer after his role as a dirty broker in the Teletek Inc share selling scam https://www.sec.gov/litigation/litreleases/lr15257.txt https://www.sec.gov/news/digest/1999/dig081799.pdf https://brokercheck.finra.org/individual/summary/1471956
Kripaitis Jr was also criminally prosecuted in the United States District Court for the District of Nevada pleading guilty to one count of conspiracy.
Kripaitis Jr has been involved in ANDI going back years and years from when Dustin Secor was the CEO. Most likely he is buddies with Dustin Secor who has also been very active in the Series B preferred share selling the past several months.
-------------------- Other notes from the quarterly report
#1) ANDI reported $123,471.02 in revenues. We know that $100,000 came from the sale of the old app subsidiary, but we aren't told where the other $23,471.02 came from.
It's virtually impossible to have revenues without having any cost of goods sold so it really makes you wonder what they are counting as revenues.
#2) ANDI's Series B preferred stock situation. We know by doing the math that 370,000 shares were converted between January 31, 2018 and March 1, 2018. That would have brought the 18,742,860 outstanding Series B preferred shares as of January 31, 2018 down to 18,372,860 shares, but ANDI reported 19,085,360 Series B preferred shares outstanding as of April 30, 2018. That means that ANDI issued 712,500 new Series B preferred shares during the quarter.
In the quarterly report ANDI says that on March 26, 2018 they changed the conversion rights on the Series B preferred shares from $2/share to $.002/share which is consistent with what they told investors on March 26, 2018, but to date, ANDI still hasn't filed any amendment to the Series B preferred share designation at the Wyoming SOS. https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=032118005204223107022212191092215134008105026132
At least we know that no new conversion took place between March 1, 2018 and April 30, 2018.
#3) It is interesting that they now list Dustin Secor as a beneficial owner (through Key Trust) because of his very very large Series B preferred stock holdings (15,171,975 series B preferred shares total)
I had already mentioned several times in the past about Dustin Secor being the only major Series B preferred shareholder it is just interesting to finally see ANDI disclose that in their OTC filings.
Why didn't they report Dustin Secor's beneficial ownership in the last quarterly report? Is that because ANDI was still in the process of using Dustin Secor's Series B preferred stock to run a share selling scheme using the ANDI shell?
It would have been nice to know how many of Dustin Secor's Series B preferred shares went to people like Corbin Hardy, Allen Silberstein, Raymond Kipaitis, David Bodie, and Rebekah White.
#4) the proposed CLEC Holding acquisition has been terminated
#5) Mike Starkweather is still listed as the sole officer/director/employee of ANDI.
Why doesn't ANDI list any of the other people involved in Utopya Innovations Inc? Jason Steinberg, Ian Brewster, and all the alleged advisors - Darryl Green, Loudon Owen, and Ilja Laurs?
Also why doesn't ANDI mention its alleged partnership with Cycloides Inc in the quarterly statement?
#6) ANDI acquired WeWi Applied Research Corp in exchange for Series F preferred stock and only WeWi Applied Research Corp (the newly formed company) not WeWi Technology Inc.
So now we know that:
#1) ANDI lied about no more dilution and that is why they went to a gagged TA then refused to disclose the share structure to ANDI shareholders.
#2) ANDI lied about its smart phone operations.
Remember those promises in December of 2017
How many people still believe that ANDI will have over $100m in revenues from its non-existent smart phone operations by the end of 2018?
How many people still believe that ANDI will be trading on the NYSE or NASDAQ by the end of 2018 or early 2019?
How many people still believe the following statements that Mike Starkweather made back in January? "I promise this company is the real deal and will be huge despite any nay Sayers"
"what's in the pipeline is bigger than anything the OTC has seen but I can't rush it all I can ask for is the trust of the long holders"
Or Darryl Green's statement that "the U-Phone will be 40 Xs better than the iPhone"
I've said it before and I say it again. ANDI is the biggest pump&dump of 2018. Hyped up on lies while insiders dumped 1,250,000,000 shares into the market because of Series B preferred share conversions. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139848577