ANDI/UTOP Myth #1: "Utopya picked a dirty ANDI she
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Posted On: 05/19/2018 10:12:32 AM
ANDI/UTOP Myth #1: "Utopya picked a dirty ANDI shell to go public rather than an IPO"
There's absolutely no secret as to why Company's purchase shells and/or existing company's vice going the route of an IPO. It's a well known fact that IPO's are much more expensive route. 83% of CFO's surveyed estimated spending more than $1 Million on one-time cost associated with IPO's
"DIRTY" is a relative term that is not necessarily accurate since all OTC shells have some baggage & debt to be cleaned up. Debt & Baggage are not bad words. It's not like the present management was involved with the old company. They did not create the debt & baggage. All that matters is that the new regime cleans it up. So far, ANDI/UTOP is doing a fine job doing exactly that as we have all seen.
Also, Utopya may have chosen to buy out ANDI because of their inventory of phone apps. The 2 subsidiaries of Andiamo Corporation are Action App Corporation and All-Pro Apps Corporation. The company has now secured rights for 140+ applications developed by its own technical experts and with 2 subsidiaries. The management team has determined to fit the Utopya Software system in the company’s ecosystem by selecting the most promising apps.
No doubt, purchasing a shell/company has many advantages over going the route of an IPO. The route ANDI/UTOP chose is still a cheaper and much more efficient way to go public quickly, which ANDI/UTOP needed, since they have a project ready to go and have been building towards this for a year or two "under the radar".
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!
There's absolutely no secret as to why Company's purchase shells and/or existing company's vice going the route of an IPO. It's a well known fact that IPO's are much more expensive route. 83% of CFO's surveyed estimated spending more than $1 Million on one-time cost associated with IPO's
"DIRTY" is a relative term that is not necessarily accurate since all OTC shells have some baggage & debt to be cleaned up. Debt & Baggage are not bad words. It's not like the present management was involved with the old company. They did not create the debt & baggage. All that matters is that the new regime cleans it up. So far, ANDI/UTOP is doing a fine job doing exactly that as we have all seen.
Also, Utopya may have chosen to buy out ANDI because of their inventory of phone apps. The 2 subsidiaries of Andiamo Corporation are Action App Corporation and All-Pro Apps Corporation. The company has now secured rights for 140+ applications developed by its own technical experts and with 2 subsidiaries. The management team has determined to fit the Utopya Software system in the company’s ecosystem by selecting the most promising apps.
No doubt, purchasing a shell/company has many advantages over going the route of an IPO. The route ANDI/UTOP chose is still a cheaper and much more efficient way to go public quickly, which ANDI/UTOP needed, since they have a project ready to go and have been building towards this for a year or two "under the radar".
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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