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They don't own anything, they pay a 3rd party who actually leases unpatented BLM claims. Unpatented means they are unproven, worthless by the very definition of the SEC.
As disclosed in their disclosures.
Anybody know where the Company disclosed its official "Twitter" to follow. looking through their disclosures reveals no such announcement that shareholders can follow this official twitter account for announcements. I would say maybe on their website, but no, that has been the same since years ago. Interesting that tweets and persistent old PR's and disclosures are all you can find during the past year here.
Not until 2 weeks ago, well after the pump in share price occurred, last disclosure to that point was Nov2019. Read the OTC Markets GNCP page "DARK OR DEFUNCT".. doesnt change the facts.
And they will deliver the same disappointment with them as well, providing DISCLOSURES does not increase share price. In fact it almost always ends up with share decrease as reality sets back in from the pumpathon.
People should really start thinking about what is going on here, especially with Twitter and social media alike. Latest SEC Complaint on such activity on Dark and Defunct OTC stock:
https://www.sec.gov/litigation/complaints/2021/comp-pr2021-46.pdf
Its like an exact copy here of a day to day activity on this Dark and Defunct Stock.
Uhhhh EDGAR is for SEC Registrants, not OTC Market disclosures, OTC Market will take disclosures 24/7.
Once again morons that can't meet their own deadline....lol.. and they have no clue where they are loading disclosures to.
Oh I am sure they will, the real question is will they maintain it, the past is littered with gaps. Unlike the past, not remaining current results in a suspension and the Form 211 goes away.
Well such details are often overlooked, I mean these are submitted to maintain an appearance of an actual company. But how many small business do you know of that operate 10 years in the negative and are still around? Its amazing, its like nobody cares if it ever turns a profit, but hey they submitted their disclosure...lol
Wow not really.. quite meaningless data..
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
Well apparently Rich heard that his Form 211 is jeopardy as they have posted a quarterly from last year. Still has to file the rest of them and a legal counsel opinion to get current.
Well it was external as well I mean who gets in a physical altercation with their own counsel... lol.. but also threaten anyone who didn't say good things even on a message board...says everything.
As for the former NASDAQ now director in YIPI, who doesn't take any care or thought in the fact that this security is quoted on OTC Markets and is yet delinquent in disclosure requirements for over a year now. Transprency is a keystone of being a public company and yet this director who was former NASDAQ seems perfectly fine with the non compliance... lol
The irony of that as well. Ethics anyone?
No what I said was you ACCEPT it to be true he printed Tshirts, yet you don't accept the rest to be true. The irony is that the only part you believe to be true is that he printed Tshirts.
That somehow diminishes anything else said as untrue. Based on what logic, that only the lowly task of printing Tshirts means that he has no clue to the day to day operations in a company with a handful of people in it... please tell me more...lol.. SMALL business.. CEO is just a title.. it isn't a Fortune 500 big business.
So be it, but you believe he printed T-shirts for YIPI. But he has clearly dialogued he was an IT person as well. So accepting the first part as true but dismissing the rest... ok.. if you say so.
No comedy gold is reading that Rich and his paid counsel get into a fight while in a vehicle together..lol..
I am not implying, I am stating the obvious... its POSSIBLE.. due to the facts it has occured and is documented in other tickers.
I have no idea if he has an account. The other poster has stated such and all I said is it is POSSIBLE based on SEC Actions outlining such occurrences. You dig?
He can if he is using a standard retail account.
Here let me do yet another example from an SEC Action, a douchebag issue shares to family members, set up accounts and sells stock from those accounts......they have no knowledge of the shares or the accounts.... shouldn't happen, yet there it is.
I am not claiming anything, I am just telling you what has happened in other instances. Don't care if you want to believe it or not, there are SEC actions clearly describing just that.
Yet people don't hire bad firms in this case 3 of them...lol.. its as stinky as you can get. Hell I can point to dozens of scams that have not a single bad firm affiliated to them, but YIPI has 3 Regulatory actioned instances...lol. what are the odds?
Yes I understand what you are saying from a retail perspective. But from an insider perspective, to sell stock means you either REGISTER shares for sale in the public market or you seek EXCEPTION to registration using Rule 144. In order to seek exception you must be current in filings or disclosures. Clearly YIPI is neither current and is not registered, so "selling" is not possible, further confirmed by no change in DTCC shares and Unrestricted shares.
But yes it is POSSIBLE that he buys and sells... aka TRADES the stock no different than retail. I have no idea if it is true or not, but yes certainly POSSIBLE.
No they don't otherwise we wouldn't have SEC actions describing that very thing. Unless he went TO them and discloses it, they have no clue that he is Rich Granville of YIPI.
It shouldn't happen, but yet it does. Just like saying an activity is illegal and the SEC would shut it down.... with over 10,000 tickers on the OTC the SEC lacks any ability to actively seek every single illegal activity on this market. They target gross offenders that catch their interest.
I mean how else does a ticker with a drug trafficking lawyer, SEC suspended auditing firm and known SEC actioned toxic lender still exist?
Here let me put another way, there were insiders using accounts in other peoples names actively trading their stock. Yet another problem, in some cases the people had no clue they had a trading account.
Let me know DD wizard....lol
How would a local TDA branch know that Rich is a YIPI insider? By all means explain how a brokerage just knows that Rich is an insider of this stock. Such knowledge requires him to disclose that, once again it happens, read SEC actions, it is a problem.
Ehhh and Richs's word is any better....lol... it doesnt surprise me one bit that is how Rich gets money off this public ticker, because it ain't coming from new unrestricted shares.
What he is implying is Rich has a standard retail trading account, he bought shares of YIPI and actively trades them. Quite possible, despite the illegal nature of it, as nothing surprises me in the Pinks.
As to shares he issued, you are correct cannot do so under Rule 144 exception.
Thats not a short position, that is reported in the Bi Monthly Short Interest reports. Short Volume is not shorting, broker dealer transactions in the OTC use Riskless Principal transaction to complete trades between different brokers.
Clearly explained here by OTC Markets:
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
So you know that Rich bought shares in the market and actively trades them, interesting, so my theory is sound, may not been a broker but yes someone forced the trades.
Maybe use the correct terminology, he TRADED, when you state selling from insider it means newly minted free trading shares are being dumped and you used the word dumped previously.
Has to be current or the Form 211 is pulled. The stock moves to the greys as an unsolicited quote security.
Because it lacks evidence, the TA numbers have not changes, what is so hard to understand about that? To sell new shares would cause an increase in the DTCC numbers, yet they remain at 9,180,000 shares. There are no new "unrestricted" shares, the count is still the same 9,180,000 shares. Currently the TA numbers debunk any theory of selling, so it is not selling occurring.
Is it possible that he has informed someone of something and they are trying to keep the share price down to accumulate? Quite possible, not unusual in pennystocks that large blocks are placed to keep the buying pressure down to allow for accumulation at lower levels.
Is there any evidence of this? Some based on trading activity, but it cannot be determined to be completely factual.
My bet is a broker that is familiar with this company, could easily see order flow and could easily set trades at each level and place that .45 ask with 92,000 shares. It wasnt a retail trader.
It never sold at .45 and in fact it sold at .30 which caused the big drop and then another block of shares sold causing the drop to .11 where it was purchased again. Rinse and repeat, someone forced the share price down to reload and try it all over again, that is my theory.
Why is it always shorts? And what do you mean it is "unreported" the report period hasnt even come up yet, seems a bit premature. The 92,500 shares showed up at .45 originally on the Ask, which caused the share price to drop, if anything it was a forced entry point.
The only evidence currently available is the short volume report and well it doesnt indicate anything out of the ordinary going on, 176,728 shares out of the 581,018 volume. You have to wait for the Bi-Monthly Short Interest and FTD reports to see if there were anything else.
Spread what word, that OPTIONS will be accounted for daily vice end of the reporting period? So what? What does OPTIONS specifically have to do with shorting?
What does options have to with OTC stock?
Answer these questions and you will quickly understand this is not news.
By performing daily accounting as opposed to end of the reporting period, the Brokerages and Clearing Houses avoid being over leveraged when the majority of options are executed. It is an additional fail safe for instances like Gamestop where it was quite possible that if all the options contracts were called in there could have been no means for the brokerages and clearing houses to meet the financial obligations of all the contracts.
Has nothing do with shorting, some moron on the Internet has spun this into yet again another stupid conspiracy theory about shorts and look at the source... REDDIT...
None of that matters if Rich doesn't bring this current, the Form 211 goes away in June.
Oh no doubt, it continued on through 2014 with others promoting. However the difference was the dump, in 2012 was the only increase in the Float and it has been the same since.
I mean from a standpoint of dumping it is very minor and well the Float is tiny when look at the rest of the OTC, the 9,180,000 shares is nothing in comparison.
Worse yet it has nothing to do with shortening settlement dates, it simply requires a daily accounting as opposed to waiting for the end of the reporting period to account for options. It is an effort to reduce risk and avoiding a potential Gamestocp issue where brokerages and Clearing Houses were on the verge of lacking the required capital to meet regulatory requirements.
Yeah its not built with the intent for regular people use, but then again THE DTCC doesn't like dealing with regular people...lol
That is not remotely accurate and one would do themselves favor and actually read it, its about options. The amount of dipshittery spamming this as some naked short selling cure all are about to be disappointed, its not about short selling and OTC stock don't have options. So sorry to ruin your "burn shorty" party.
Well crap, I need to stop looking at their notices page.
Your brother is an idiot, its not remotely true, in this day and age and on an OTC stock just makes it that much more stupid.
Yeah but UNGS, ABVG and PDPR did not get a resumption.