Replies to post #141730 on Andiamo Corp. (ANDI)

[nodummy]

They definitely have a window to convert at the current 1:2000 rate. How big of a window will all depend on if and when the Utopya team keeps their promise and files the amendment with the Wyoming SOS to make the change.

The wording from the part of the Series B share designation that we are able to see in the last annual report says the following:

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

"Such conversion shall be deemed to be effective on the business day (the"Conversion Date") following the receipt by the Corporation of written notice from the holder of the Series B Preferred Stock of the holder's intention to convert the shares of Series B Stock, together with the holder's stock certificate or certificates evidencing the Series B Preferred Stock to be converted."

So as soon as the written notice is received by the company the conversion becomes effective.

I suppose it will all depend on what role if any the Series B preferred shareholders had in agreeing to any changes. If they are in disagreement or are disputing the changes as a violation of their rights it could hold things up and could cause the Series B preferred shareholders to make a mad rush attempt to convert stock before any changes are effected via an amendment filed with the Wyoming SOS.