Replies to post #97076 on Andiamo Corp. (ANDI)

[RoamingLlama]

I think the buying back of shares by the company could be handled as treasury stock. If a company feels they are undervalued and they have cash to do that with great. Seems to fit this scenario pretty well. I think the point CDEFam makes is they have surrounded themselves with people who have money so if if they wanted to they prob could be.

If that is how they are handling it, that is a great way to raise tons of capital quickly and organically. To look at it another way, we invested in a company that invested millions at these prices.. if the prices go up, so does there value based on these increased value of the treasury shares. Kinda ripple effecty :)

I am not a pro at all, but when reading up on this approach it seemed to fit this play perfectly. IMO

https://www.investopedia.com/terms/t/treasurystock.asp

[CDEFam]

You raise some good points, but I think the overall caliber of the team that they are building can almost speak for itself. There have been many start-ups which got their start through unusual means. For example, Take a look at this blurb taken from mashable regarding the company Asana (currently valued at an estimated $600 million):

https://mashable.com/2010/09/12/startup-funding/#977UgRjJaiqr

Facebook Co-Founder Dustin Moscovitz and Facebook engineering lead Justin Rosenstein teamed up after leaving Facebook to found Asana, a startup that is reportedly building project management software. It is still in early development and hasn’t launched a product yet. This is one case where the product is presumed to be a sure bet because of the past experience and intellectual caliber of its creators.

Sometimes, a startup can raise money with nothing but pure pedigree. When a handful of big tech company engineers leave the mothership to found a startup, as happens in Silicon Valley from time to time, they can often drum up a round of funding before pencil meets paper.

Over seven months in 2009, the team was able to raise $10.2 million in two rounds of funding. In this case, investors are banking on Moscovitz’s and Rosenstein’s past successes. In a way, it’s as if they are investing in Beethoven's next symphony or Van Gogh's next canvas (i.e. the next Facebook).

[bluebird50]

Good to be skeptical.... like to add... Mr Owen is a venture capitalists specialist.... watch his videos!
I bet he owns stock.... is my guess.
Why? and If you where in his shoes wouldn't you? Mr. Owen doesn't need a week to week paycheck.... he looks for opportunities with a big paycheck.
And he is very confident in his own abilities so he would put his money where his hands are....
back to venture capitalists he would have close connections with a number of them is my opinion.... he probably came packing.... again himself included...
In high school I did a book report on Lee Iacocca biography. (I wasn't a normal kid) He was co-inventor of Ford Mustang.... After Ford he went to work for Chrysler who was heading into bankruptcy in a big way.... he accepted chairmanship of company for 1 dollar a year as salary, with bonuses in stock... well let's just say he did really well!
One of his quotes is
"The kind of people I look for to fill top management spots are the eager beavers, the mavericks. ... "In the end, all business operations can be reduced to three words: people, product and profits. Unless you've got a good team, you can't do much with the other two."
Mr. Owen said essentially the same thing in one of his videos...
I loaded up at .002 and bought again yesterday at.0161 - so there you have it.... that's where I'm at...
You could always email Mike with your concerns...