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The one thing that does give me hope is the Yippy.com website. It's truly a great site. I know they'll never compete with Google but if they focus on their niche in the educational market I can see why they've entered into these M&A agreements. If they can pull it all off, and that's still a big "if" in my mind, I think they can get that $300+ million valuation that Richard told me he felt they deserved in the future. I'm hanging in there but still have one foot on the ledge and one foot off. We'll see.
I hope so, I'm just concerned that if the HB deal doesn't go through we're going to see a much lower price than where we are now. I just can't believe HB would enter into this agreement without complete confidence it will get done. But with the stock hovering around .30/share I can't understand the lack of interest.
I hate to say it but I'm losing hope. With so many "big" things happening there's no interest in the stock, I can't get a return phone call from the company, and my patience is just wearing thin. I want to believe and hope for the best, but I'm starting to think this is just another stock going nowhere. Somebody talk me out of selling lol!
Wishful RoagTrader: "This is just to put us on notice big things are finally coming to fruition and when the deal actually closes and is announced on a day when the market is up big and investors are looking for bargains then the world will take notice and we will all reap the benefits."
Logical RoagTrader: "WTF!"
LOL Merry Christmas and Happy New Year to all!
Interesting.
Is this a Christmas message for us long-term holders? Because when I spoke to Richard just before 4th of July holiday, he told me they wouldn't put news out when no one was paying attention.
And here we are with 2 press releases when people are paying less attention than back then.
Weird.
It was a few weeks before he was replaced as CEO. I've spoken to him twice this year and both times he was very upbeat and positive.
I haven't sold a share and I won't, I just feel like this company has so much potential but no idea how to maximize it at this point. Maybe they aren't as dumb as I think and there is a master plan, but most times with these stocks the master plan doesn't work out the way we want it to.
The last conversation I had with Richard just before he relinquished CEO duties went like this (I'm paraphrasing):
"I don't care what the stock price is right now, with everything going on we should get to at least $3/share which would give us a market cap of almost $200 million. The stock is fine, I don't worry about it day to day and neither should you."
That's essentially what he told me. We are down about 60% since that conversation.
Just sayin'.
Well, our only hope is that the sh*theads running the show (the company and the MM's) will run it at some point after they take in as much cheap stock as possible. That's assuming a lot.
Hope everyone is well! As I said before, YIPI price is going nowhere until sometime in 2013. The MM's will take in as much cheap stock as possible during tax loss selling time.
The stock won't move until tax loss selling season is over. The MM's know this, they will hold it down to take in as much cheap stock as possible from those who have losses and will dump it before the end of the year.
Hope everyone had a nice Thanksgiving. I see that we have a new, positive development without any PR. I want to thank Richard once again for doing everything possible to keep the stock at these sh*t levels.
I don't think it's dilution. This is definitely an orchestrated sale of someone's shares, Richard said there was a large seller on Friday. The seller, YIPI and the MM's are in cahoots on it at an agreed-upon price range. You see this a lot towards the end of the year on these types of stocks. I'm just going to stop watching the price, it is what it is and at some point they will move it up.
I think Rich is committed to maximizing shareholder value, but I'm not sure he's pulling all the strings at this point. We know that market makers are the scum of the earth, the conspiracy theorist in me says this was orchestrated to shake out the weakest hands. Amazing how quickly the site was back up after the market closed.
I'm in for the long term so it is what it is right now. But I've seen these kinds of "games" with plenty of stocks over my 20+ years of trading.
There are only 2 scenarios:
1. This is an over-reaction to the website being down for some unknown reason
2. These guys are crooks
We'll know soon.
Right, they would have announced something bad in the Quarterly Report a few days ago. Either someone forgot to pay the hosting bill or they got hit with a DDOS attack.
Yep, someone is putting in market orders because they think Yippy is gone. Idiots.
Well, maybe I was wrong. Wouldn't be the first time. Geez.
Well, it's pretty quiet. Hopefully this is the calm before the storm.
This is a long-term hold. One day it will run, but right now it's going to toil in anonymity until something really really big happens.
The company is really doing what they said they would do. You don't put a PR like this out on a Monday morning if it's bad news. It's all good! Definitely headed in the right direction!
Richard told me YIPI should be worth a minimum of $200 million, I see no reason to doubt him now. Patience will pay off.
Glad to see a green day, I think some of the volume was directly related to Google missing earnings, you know how some people can't see the forest from the trees.
Holding strong.
We didn't discuss Muse Global, but big things are in the works and I'll be adding to my position this week.
Spoke to Richard yesterday. The Highbeam negotiations are proceeding along and this is what will propel YIPI to the NASDAQ. Everything is extremely positive, I'm confident he is doing things right and we will all be rewarded some day. It may take some time but I'm willing to wait.
Notice those blocks disappearing? This is a classic shakeout. The promo companies sold on the way up to $2+ they wouldn't hold this long assuming they had shares in exchange for the promo.
Extremely frustrating. Just hoping our patience prevails someday.
LOL! Or you can be more succinct like me:
GET THE F*CK OUT OF HERE AND GO STUDY, BYE!
Look yip, I've seen plenty of stock manipulators and bullsh*tters over the years. If what you say is true, then good luck to you. If you're full of sh*t, then I feel sorry for you but still wish you the best and hope you get your psychological issues worked out. ;)
Time to move forward no matter what the truth is.
Yep he has only 80K more left, let's see it!
Do you seriously believe this "grad student" had 140,000 shares and was tying up $50,000-$100,000 of his own money? And posting like he's 10 on a message board? If anyone believes that I have a great deal for you, contact me!
Some people just have to learn the hard way especially if you have not been around as long as I have. I will put up $5000 to prove that he is full of it.
To All:
yipster is a fraud. I was going to call him out weeks ago but I let him continue because he wasn't hurting the stock. But he never had 120,000 shares, he didn't buy/sell 50K shares today - he's a stock manipulator just like many of the other posters at iHub.
I've been around a LONG time, and I've seen this act way too many times.
Adios mofo.
Now let's move forward.
Even after the pump was over the MM's moved it from .70 to $1.40 on light volume. But I agree with your other comments.
PPS didn't increase because this stock is too tightly controlled by the MM's. When they're ready, it'll go. Hopefully soon.
"buys" and "buy pressure" are 2 different things
And now you see why the MM's won't move the stock. With no buying pressure, they know there are sellers out there who were waiting for the 10K and will dump and move on. The MM's are not dumb, even though they're a-holes.
No, remember the last move to $1.40? 2k shares could jump the stock 10 cents. We're not seeing that because the MM's are holding it back.
MM's are in total control, the stock could be $2.00+ if they wanted to move it but they're just walking it up and down by the penny and 1/2 penny. It's not time yet, but I feel we're getting close.
Yep, the day is young and the week is young. I'm in for the long haul so I'm not going to get too low or too high at this point. We saw the MM's take it to $1.40 a couple of months ago on very light volume on the way up. Richard said we would test the highs again and I believe him. In fact, I think we'll blow right through them eventually.
I told you 10K's for companies like Yippy are usually non-events. Now we need a PR campaign and promotions to get noticed by the investing community. Absent that, perhaps we'll see the MM's move it on their own at some point soon.
I agree with everything you're saying, I'm just saying don't be surprised if the stock doesn't move tomorrow. I want it to as much as anyone but as you know sometimes these stocks only move when those in control of the market decide to move it.