ANDI/UTOP Myth #4: "ANDI/UTOP did not change the S
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Posted On: 05/19/2018 10:10:53 AM
ANDI/UTOP Myth #4: "ANDI/UTOP did not change the Series-B Preferred stock conversion rate"
- A response from the company pertaining to the new Series-B conversion; "After extensive legal review, the Board of Directors has voted to change the price of the Series-B Preferred Stock from $2/share to $.002/share. The price change is in accordance with the Certificate of Designation of the Series-B Stock. This Certificate of Designation allows the Board of Directors to adjust the price of the shares at any time. Reasoning for the Board of Directors taking this action is that it reflects the current overall share value and distribution" (obviously, this move verify's there is absolutely no favor from the new regime toward the old regime)
- Another response from the company addressing the inquiries as to whether or not we filed the Series-B Preferred Stock change with the Wyoming SOS, "there seems to be a misunderstanding as to how this process works. The change has taken place internally, the Board of Directors already voted on it. The filing will take place eventually, but the change already has"
- The TA has been notified and the change is in affect immediately per the Company!
This new Series-B Conversion is huge news for the shareholders of ANDI/UTOP. This move dispels any rumor of favor from the new regime toward anyone from the previous regime who had Series-B shares and more importantly, it reduces 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! Did the company fulfill a promise that they were working on some type of share reduction or is there more to come?
Once again, a myth is dispelled and we see how awesome this team is. ANDI/UTOP is solid and there has been absolutely no proof of any impropriety at all. Big things coming to the shareholders of ANDI/UTOP. GLTA!
- A response from the company pertaining to the new Series-B conversion; "After extensive legal review, the Board of Directors has voted to change the price of the Series-B Preferred Stock from $2/share to $.002/share. The price change is in accordance with the Certificate of Designation of the Series-B Stock. This Certificate of Designation allows the Board of Directors to adjust the price of the shares at any time. Reasoning for the Board of Directors taking this action is that it reflects the current overall share value and distribution" (obviously, this move verify's there is absolutely no favor from the new regime toward the old regime)
- Another response from the company addressing the inquiries as to whether or not we filed the Series-B Preferred Stock change with the Wyoming SOS, "there seems to be a misunderstanding as to how this process works. The change has taken place internally, the Board of Directors already voted on it. The filing will take place eventually, but the change already has"
- The TA has been notified and the change is in affect immediately per the Company!
This new Series-B Conversion is huge news for the shareholders of ANDI/UTOP. This move dispels any rumor of favor from the new regime toward anyone from the previous regime who had Series-B shares and more importantly, it reduces 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! Did the company fulfill a promise that they were working on some type of share reduction or is there more to come?
Once again, a myth is dispelled and we see how awesome this team is. ANDI/UTOP is solid and there has been absolutely no proof of any impropriety at all. Big things coming to the shareholders of ANDI/UTOP. GLTA!
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