Andiamo Corp. (ANDI)

[nodummy]

Here read the last Annual report

https://backend.otcmarkets.com/otcapi/company/financial-report/182310/content

It explains that the Series A preferred stock is the control stock. It has super Voting rights over all other classes of stock

If at least one share of Series A Preferred Stock is issued and outstanding, then the total aggregate issued shares of Series A Preferred Stock at any given time,regardless of their number, shall have voting rights equal to four times the sum of:i) the total number of shares of Common Stock which are issued and outstanding at the time of voting, plus ii) the total number of shares of Series B and Series C Preferred Stocks which are issued and outstanding at the time of voting.

Series B preferred stock converts into 2000 commons each. So even with 30,343,950,000 common shares Dustin Secor wouldn't be a control person.

But the Series B preferred stock has restrictions about how much can be converted at one time so Dustin Secor would never own enough common stock at one time to be an affiliate anyways.


I think you are confusing control person (which is the person with voting control over the Issuer) with beneficial owner (somebody that owns more than 10% of any single class of stock) or affiliate.