Replies to post #170207 on Andiamo Corp. (ANDI)

[stockseekerok]

Well just because ANDI is non reporting does not mean that SEC rules and Regs do not apply to them, The otc is littered with stocks that the SEC has hammered that were non filers :)

Alternative Reporting Standard: When SEC registration is not required, companies must generally still make information publicly available pursuant to Federal securities laws, including Rule 10b-5 under the Exchange Act and pursuant Rule 144(c)(2) under the Securities Act.

https://www.otcmarkets.com/learn/reporting-standards

[swingingRichard]

Non-reporting doesn't mean you can just do "whatever" dude. They still have to announce it. I suggest becoming more familiar with the definition of the term "non-reporting."

FYI, a share buy back would be a material event.

Regardless whether investing in RIs or NRIs conducting diligence is important. When securities are being sold (capital is being raised) by an issuer, there are two main factors that come into play to assist with investor protection:

1) Disclosure requirements
prospectus or an offering memorandum ("OM")
ongoing financial statements
reporting of material events