Andiamo Corp. (ANDI)

[ThePennySlayer]

I recently sold ANDI for a $220k loss. Below are the reasons why. You asked for facts that they lied to increase the price. Here they are. All these are straight from the company. Anyone that can take a step back and actually analyze the data for what it is can clearly see that this company is in trouble and they aren't even close to manufacturing a phone that is ready for distribution.

1. There will be no dilution...fact there has been dilution regardless of why

2. Our lawyers are working on finalizing contracts. Just an outright lie. (this was said in January)

3. We have signed a letter of intent to acquire clec holdings. According to last Q it fell through. Why was there no update.

4. We are changing TAs in order to be more transparent. Another outright lie.

5. We created an IR department to be more transparent to investors. That lasted about a month.

6. Phones are with distributors. If they were they would have to be listed in the financial statements. There is no getting around this. Another outright lie.

7. There is absolutely no way under the sun that wewi has a $250 million contract and ANDI acquired them for 5 million shares. That is the equivalent of me coming up to you and you giving me $50 for every $1 I give you. Just not going to happen.

At the end of the day the facts speak for themselves