Replies to post #182469 on Andiamo Corp. (ANDI)

[stockseekerok]

I am not the one claiming fake news :) I think ANDI/Utopya via Prince Kennedy( a principal of streetbeatz) who did the release as well as incorporated MTAC and built the website some two months ago was in talks with ANDI to be either a partner/subsidiary for the ANDI phones providing Market Awareness and Branding via media and celebrity endorsement.

Then something went wrong and MTAC was alittle peeved about it and did the release so that it would be a little detrimental to ANDI,

Yes apparently Utopya Innovations actually owns ANDI and it is better reflected in this release https://backend.otcmarkets.com/otcapi/company/dns/news/document/28454/content

Utopya Innovations Inc., a Canadian Technology Corporation (
“Utopya”, or “the Company”) announced today that it has executed and completed a binding definitive agreement providing for the reverse
acquisition of Andiamo Corp.“ANDI”(Other OTC: ANDI.PK -News).

Reverse Acquisition
An act where a private company purchases a publicly traded company and shifts its management into the latter. It also normally involves renaming the publicly traded company. This allows private companies to become publicly traded while avoiding the regulatory and financial requirements associated with an IPO. In order for a reverse acquisition to happen smoothly, the publicly traded company is usually a shell corporation, that is, one with only an organizational structure and little or no activity. The two businesses can then merge the private company's product(s) with the public company's structure. It also makes initial trading less dependent on market conditions, a key risk in IPOs. However, it is important to note that a reverse acquisition only provides the private company with more liquidity if there is a real market interest in it.