InvestorsHub Logo

lineItemVeto

04/11/18 1:15 PM

#158234 RE: Newblooder #158228

Is that an official FILING? No, a blog article!

TenKay

04/11/18 1:18 PM

#158246 RE: Newblooder #158228

"Utopya Innovations (phone startup company) is a subsidiary of Utopya Worldwide Holdings, Inc(ANDI). Which is why you did not see anything related to them in the Quarterly. ."

You actually have that backwards. A wholly owned subsidiary's financials (while distinct) are part and parcel of the parent company and have to reported on a consolidated basis.

If ANDI wholly owned Utopya Innovations Inc., under GAAP Utopya's numbers would be ANDI's and have to be reported AS ANDI on a consolidated basis.

But since they aren't it is just another clue that ANDI doesn't own Utopya Innovations Inc.