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Posted On: 11/12/2018 9:25:23 PM
Post# of 29251
It has been stated there is some confusion, so I did some quick research for myself. This is what I found. Take from it what you will.
3/1/2018
"Andiamo Corporation With Its Wholly Owned Subsidiary Utopya Innovations"
Wholly owned subsidiaries also offer an opportunity for companies to diversify and manage risk. Diversification is a means for a company to reduce risk by developing different types of businesses so that if one business or industry isn't doing well, its other businesses may be able to pick up the slack and keep the company profitable.
Page 13
Andiamo Corporation
Notes to Consolidated Financial Statements
On November 10, 2017, William White sold his controlling interest of 116,747,700
Series A Preferred shares to Utopya Innovations, Inc. Following this sale, on November 28,
2017, William White resigned from all positions with the Company
3/1/2018
"Andiamo Corporation With Its Wholly Owned Subsidiary Utopya Innovations"
Wholly owned subsidiaries also offer an opportunity for companies to diversify and manage risk. Diversification is a means for a company to reduce risk by developing different types of businesses so that if one business or industry isn't doing well, its other businesses may be able to pick up the slack and keep the company profitable.
Page 13
Andiamo Corporation
Notes to Consolidated Financial Statements
On November 10, 2017, William White sold his controlling interest of 116,747,700
Series A Preferred shares to Utopya Innovations, Inc. Following this sale, on November 28,
2017, William White resigned from all positions with the Company
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