Replies to post #162124 on Andiamo Corp. (ANDI)

[WillForeall]

Debt holders selling their shares due to the new rules and day traders working hard to flip. I’m sure shorts were a big part of this as well.

[al19]

A large group of professional day traders were working ANDI a week ago

I

[PennytoMillion]

That is true, it is combination of all, so many flippers here with millions of shares, and they are controlling the price action. Bs conversion also playing a role.

[jackg152004]

Three words....LG Capital clowns ;)

[Lonewolf1]

"This could be for many reasons, discontented shareholders,daytraders flipping,and debt holder converted shares. My bet is it was a combination of all three"

You are right in part. It could be all of those things. But the massive volume of all last week indicates that if certain holders are converting, they own extremely high numbers of shares. If there is such promise in ANDI, why would they be throwing shares away at these bargain basement prices? Does not make sense.


I'm afraid this is dilution and very hard to deny. As long as it doesn't go on for week after week there should be a recovery in PPS. I would not hold my breath for .04 again, however.