Andiamo Corp. (ANDI)

[thatguy157]

The preferred shares of Dustin and others disappeared that were very convertible and added to the OS every quarter for years. There was no mention in the last quarterly report of what happened to them and the conversion rates of the new preferred shares issued to the new CEO and a couple other insiders. The last quarterly did not explain the issuance or conversion of those new preferred shares.

Now the shares that were given to the common holders are restricted.

That is why I am looking forward to the annual due this week, the last quarterly report was incomplete.

Preferred shares that are given a value are liabilities. ANDI might have a future but saying they have no debt is not accurate. The debt was moved to preferred share liabilities. It is still there.