Andiamo Corp. (ANDI)

[naturalborninvestor]

You may get somethng confused here. 800k preferred's were cancelled (see method 3 as previously posted), so those shares would never be converted into commons. That's a start.

IF 800k were converted, how do you think 1.6bn shares would ever make it into the float? The pps would be at no bid. And a reverse split would only make the situation worse, because shareholders had to bear the burden twice. They'd first have to buyout the new shares ( a pure profit for preferred holders) and then would have their ownership reduced by the factor of 100 (while preferred's are unaffected).