One thing for sure: A phone manufacturer will do their own (and quite thorough) DD on a new player and expect a down payment before they agree to make phones . . .
Excellent summary of what has transpired with ANDI. No bias just the facts. Folks should recognize these facts and stop giving their money to Mike's family and friends.
1) making them chase carrots (promises of contracts starting mid-December) 2) lying to them about no dilution and about offering more transparency by switching TAs and about the progress of the name/symbol change 3) giving them unrealistic forward looking statements like uplisting to the NYSE and over $100 million in revenues by the end of 2018 4) hyping them up with statements like "the biggest thing to hit the OTC" "big things coming soon" and "U-phone will be 40Xs better than the iphone" plus all the "prepare for liftoff" "to the moon" "rocket ship" tweets 5) all the CEO emails about press releases coming before they hit 6) touting advisors like big shiny objects 7) encouraging investors to hold with all the trust us and be patient tweets and emails
All while hundreds and hundreds of millions of shares are being dumped on investors heads by friends and family through Series B preferred share conversions hidden right before investors eyes because of the gagged TA.
And what has Utopya offered for proof of anything so far?
The last ANDI quarterly statement for the period ending January 31, 2018 showed:
$0 cash $0 property $0 in assets (besides assets that existed from before Utopya acquired the ANDI shell) 1 employee - Mike Starkweather 0 mention of any smart phone contracts with anybody
Oh I guess there was the picture of the faceless business man holding some generic looking phone. Apparently that's all the proof that some people need.
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