Andiamo Corp. (ANDI)

[ThePennySlayer]

Interesting how this post has become even more relevant with the latest news that the WEWI deal fell through. Take a look at the 7th bullet point. And once again not a word from ANDI about it. Just like when the CLEC deal fell through. There is a reason that legit companies such as CLEC and WEWI want nothing to do with ANDI as well as Ilja Laurs. There is something wrong here. That is why I sold for a $220K loss and salvaged my remaining $80K.

That doesn't change the blatant lies that came from this company in order to pump up the price.

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.
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 you can justify their behavior all you want but the facts speak for themselves