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Do you mean Wayne Huizenga? He's done ok in life:
http://en.wikipedia.org/wiki/Wayne_Huizenga
That was me buying towards the end of the day. I took out the .034-.0349's.
EWSI looks just fine; no dilution, the buy pressure is not there for a run but it will happen. Overall market is crap right now but news will propel this to higher levels.
Look under Recent News towards the bottom of the box, the link is there
Yes, it was posted right away and discussed at length, and it's also in the iBox above all the posts.
It just depends on the buyer. For a company with deep pockets like an IBM, the cash required is probably equivalent to the interest they earn in a few hours. For a smaller company, you're looking at a stock swap or combo cash/stock deal for YIPI.
I think Dee hit the nail on the head that what we're seeing are convertibles being converted and sold. But those shares are being scooped up by strong hands. The company does not appear to be diluting based on the trading I've seen this week. There's a big difference.
I agree completely. I've always believed in YIPI's potential, but the inability to close some of these deals is a concern for me. I understand what RG was/is trying to do; however, maybe he needs a more experienced Board of Directors who have the expertise to help guide these deals to fruition.
Regardless, it's a minimum $3/share stock in my opinion, and can be much more.
Yeah that wasn't me, I just thought it was funny. I'm happy with another 100K at .0353.
YIPI has held up very well with the decreased volume. Just reiterates that the float is in extremely strong hands.
LOL nice 100 share buy at the close painting the tape at .37
I got sick of looking at that 100K just sitting there :)
I just did
Well with all of the shares this board holds, we're going to need huge volume for everyone to get out when it's time to sell. Shouldn't be a problem if the stock is in the multi-dollars.
No, there are 10K shares on the offer at .37
This post is spot on. Very nicely stated.
LOL I want your life! I have 4 daughters, it doesn't matter how much money I make it's never enough!
He's alive! Lol glad to see you back!
Everyone has their reasons, not everyone holds for financials because sometimes it's "sell on the news" and other times it's off to the moon. You never know and everyone's risk tolerance is different.
Because you have short-termers and flippers who don't hold for very long before they move on to something else. No one who has a large position is selling as far as I know.
$3 is my lowest number because Rich told me he'd never take less than that. That was before the NSA thing which obviously makes YIPI's technology a much more attractive target to a foreign buyer.
Someone should call Rich or Gigablast and ask. I can't do it right now I'm in a meeting most of the day (bored as shit also but I can't leave!).
As mentioned previously, the Company is evaluating several partnership deals as well as acquisitions targets that have been announced. We close deals close when the numbers make sense. Right now the numbers do not make sense, but we will continue to negotiate as I do think there is value in everything. Just how much is the question to be answered.
I don't know of any other deal they were trying to close other than Gigablast.
yipster posted it a few posts back and that's how I read it also
I was basing it on the outstanding shares, not authorized.
So Gigablast deal did not go through. I wasn't that keen on it anyway, but I wish RG would stop making these deals that don't pan out, it doesn't look good to the serious investor and certainly not to an institution. This leads me to believe he's just going to sell the company. The timing is right with all this NSA stuff going on, and I would expect the buyer to be a foreign entity.
Now, what is the company worth to a buyer? I think $150m is reasonable at this point, which puts us around $3/share.
All of this is pure conjecture on my part. Had Gigablast gone through I would have felt like RG was moving forward without a buyout (at least short-term).
Just my opinion, but the trading the past few days looks like someone with a large block of shares (perhaps from a private financing deal with EWSI) is working their way out of that position(s). I don't see EWSI diluting themselves and I don't see this trading pattern as merely a pullback after the run to .10. I could be wrong but I've seen this so many times.
Now, with that being said, EWSI has very strong support and those shares are being gobbled up in the .031-.04 range nicely. Once the sell pressure alleviates (which should be very soon) it should run up again. Very impressed with the company, management, and the overall picture.
Just when I thought RG rammed us again without lube, some nice buys came in after the dip to .33. So far, so good!
I'll be happy with .03 but .18-.40 sounds a lot better! lol
Yep, just need some positive news and buy pressure and this thing will take off.
It's a timebomb waiting to explode, just needs the right catalyst.
Buy pressure is gone, we need something to trigger it again.
I hope Rich didn't f*ck this up again with that letter.
Well, it's clear after reading everything possible about ILNS that Dr. Chain is the key to this whole thing. Let's hope he's on the same page as investors.
No big blocks showing around .50 unless the MM's are hiding them. Need a little buy pressure to push through.
Yep .50 is the key resistance for YIPI. Get through that and it's gone.
Looks like that big seller at .50 was tired of waiting and may have just dumped. Not sure, we'll have to see if those shares show back up.
We need some bid support!
I haven't taken a position yet, but I'm strongly considering it.
Why did Dr. Chain resign and then come back as a consultant? Do we know how many shares he still owns (if any)?
Thanks in advance for your input.
Once again it's clear that this stock is in strong hands. There are no big sellers.