Nice post Bob. Well, speaking of the fuct. The one has been spamming here saying that Yippy's statements were false and misleading. To answer the spam, many of us already said,"Expect is expect" but the one doesn't stop spamming.
Let me clear about statement.
First, I don't excuse for Yippy - like that for being a pink sheet company, the statement doesn't have to be accurate etc., instead, I just say that changing its business targets happens all the time at any company in this business world.
Let's see, for example; in Tesla's 4Q, Tesla sold about 120 cars in China, well below the company’s aggressive targets. Musk has previously said he expected China sales could rival those in the United States.
Moreover, Mr. Musk remarked, "Tesla Will Be As Big As Apple In 10 Years." .... why don't we let SEC know those false and misleading statements???
After all, no one in the wall street really blamed Mr. Musk, because we know the reality of the business - Expect is expect.
Regarding ISO, Yippy was negotiating with firms and found the fair firm. It was announced on Oct 21st,2014( = Yippy, Inc. (YIPI) Selects ISMS Solutions for ISO Certifications.) The plan in the original statement was delayed, but Yippy has done the things as stated. Now we are waiting for the imminent update news. What is wrong with it?
Btw, Yippy's prospective on its statement is clear:
(Yippy, Inc.Notes to Consolidated Financial Statements)
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the
effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management
considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the
actual results could differ significantly from estimates.
We are all good. Go Yippy!
