Replies to post #167046 on Andiamo Corp. (ANDI)

[NYD]

Preferred B Shares issue is resolved, according to the 2017 annual report file in October, 2017. Under the SERIES B PREFERRED STOCK DESCRIPTION -- CONVERSION AND ANTI-DILUTION section:

Series B Preferred shares - "subject to adjustment as may be determined by the Board of Directors from time to time (the "Conversion Rate")"

Thus, allowing the company to change it at their leisure, without worrying about filing and waiting for it to take effect.

The Series-B share conversion was changed by the company by a factor of 1000, reducing the total number of shares after conversion from 37 Billion to a measly 37 Million effective immediately! Massive for us common shareholders! Is this what the company meant when they said there would be some type of share reduction or does it get better? Tell me it isn't so! Go ANDI/UTOP and GLTA! BABB!

[NYD]

The Series-B Conversions is just so AWESOME! A reminder, ANDI/UTOP has reduced the Series-B share conversions by a factor of 1000! Basically, that reduces the amount of shares after conversion from 38 Billion to a measly 38 Million! Is that not awesome! Due to concerns about whether the new conversion was in affect now or not, the IR Department responded by saying, "there must be a misunderstanding about the process by some, the board has voted and the new conversions are in affect immediately". The TA is aware of the new conversions and the company will follow-up with the paperwork later but that will not impact the new conversions now. Without a doubt, the new conversions are in place! Also, Series-B conversions have a limit of so many shares that can be converted in a 90-day period per individual and there is a fairly large fee involved with each transaction which would not make it cost effective to convert at a low PPS. Huge benefit for us Common shareholders! Is this what the company meant when they said there was going to be some sort of share reduction? Or, does it get better? Go ANDI/UTOP and GLTA! BABB!