Seriously?? And has the company sent a corporate action request to FINRA? Of course not! Before anyone gets all excited, note that White only announced the record date. Not the pay date, which for all we know could be a year from now. Sneaky!!
Andiamo Corporation Announces Dividend Date and Ratio
LANSING, MI, April 17, 2019 – Andiamo Corporation (OTC PINK: ANDI), a Wyoming holding company, is pleased to announce the dividend of shares from Sustainable Water Solutions, Inc. (SWS) has been finalized and approved by both companies. The dividend is to be dispersed to all Common shareholders of record of Andiamo as of close of business Friday, April 26, 2019. The shares will be dividend at a rate of 1 Common share of SWS for every 5,000 shares owned of ANDI, with fractional shares being rounded up.
As was reported in last week’s ANDI Blog update concerning Sustainable Water Solutions, Inc., they are moving forward with their audit, and have engaged an attorney for their Form 10 and S1 filings. We will continue to provide updates as SWS moves forward.
“As SWS was moving through their acquisition strategy, it became apparent they would need a much larger amount of funding than they could garner through Andiamo”, stated William White, CEO of Andiamo Corporation. “At that point the decision was made for SWS to go public on their own, and, in order to give value to Andiamo and its shareholders, they would leave behind shares of SWS for ANDI to hold in treasury and also to dividend to its shareholders.”
SWS is not a public company yet, but that makes no difference. They'll still have to go to FINRA. But hey, since he hasn't done that, it could be postponed to any time in the future.
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