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LOL - are we still waiting for "F100" news? I can't believe people who own this stock continue to be suckered in by this company.
Burn, baby, burn?
Except the share price of this stock is going back to the 0.20's. LOL
"Holding 300k shares... not selling!"
Back to the 0.20's we go!
Pump and DUMP
Welcome to the Cloud.
To the MOON
YIPI
$25 million dollar market cap.
I'm glad to see people are finally waking up to the overly optimistic market capitalization of this company. Only some ramblings from the company about a product, a "six figure" contract no details are known yet, failed toolbar, failed search, etc.
Blames Obamacare for its lack of employees in the financial reports: LOL.
Even with the supposed contract, who cares? Getting a single sale of a few hundred thousand doesn't mean your company is worth $50 million in market cap. The chart follows the same pattern of over-hyped OTC stock built on no sales and lots of money wasted, while the company pumps out some unimportant press releases every few days.
YIPI
TO THE MOOOOOOOOOONNN
Yeesh...
Wonderful that's he's not worried. Off to the races! YIPI! To the moon. Infinity.
Also, welcome to the cloud.
We're off to the races!!!!!
We're off to the races!!!
lol
yipi,
I'm sorry if I've made any mistakes in my DD -- I am open to trying to find the facts, but I can't do that if you're not directly refuting what I'm saying. I'm trying to give as clear a picture as I can, but even I don't understand the nuances of exactly what Yippy's software license from Vivisimo entitles them to do.
Lots about this company is just speculation, but I think people don't like what I have to say because it doesn't paint the company as "going to the moon," as they say. Let's try to keep it civil and come up with facts we can agree on.
Just read the PR how exciting it was to get Edward Noel onboard:
Sounds exciting!
Sounds like an excuse for failure. Blame the employees, not the CEO, who hired them, right?
But is this guy going to be a real employee, or just disappear after a few months with no mention by the company?
What happened to Mark Bigelow, former CEO of Yippy?
http://www.otcmarkets.com/stock/YIPI/news?id=32858
http://www.linkedin.com/pub/marc-bigelow/2/147/387
What happened to Edward Noel, who lists being CEO of Yippy and being on the Board of Directors at Yippy on his LinkedIn:
http://www.linkedin.com/in/gogetit
This press release touted his acquisition to Yippy's team not that long ago:
http://finance.yahoo.com/news/yippy-inc-adds-edward-noel-113000838.html
much like the recent press releases about Yippy's recent hires.
These are the only confirmed employees I can find PRs about in the last few years. They're gone now, and we don't know why. Maybe they just moved onto better things.
YIPI
2014
Most of your post is just sarcastic personal attacks, but I'll respond to the actual questions concerning the company.
You have no idea why IBM holds their position or not. The both of us can only speculate. The fact that IBM holds 10% of this company (something like 5 million shares) means it's impossible to unload those shares on the open market, given that the volume in this stock is maybe 100 K a day. Of course, they could promote the stock to try to dump it (like posters on this board admit happened last year -- real nice -- but that's a separate story, and IBM wouldn't be caught dead engaging in stock promotion).
In addition, it may be that the shares are restricted. That part isn't clear to me.
In any case, Yippy has a license to use some software (Clusty and Velocity) from several years ago. They got Clusty, the search engine, as part of the deal, and it appears Yippy did essentially no development on it other than changing the icon that appears at the top of the search page. My own personal use of the site shows the results it pulls up are actually not very relevant, especially when compared with what you get using Google or Bing. Try it out for yourself if you don't believe me.
You can even find references to 'Clusty' in the source code or images if you browse around for a while. It's pretty obvious to me they did a shoddy job in trying to do anything (i.e. innovate) with Clusty. Your argument is that Clusty and a license for Velocity inherently makes it worth $130 million, or so, but it's sort of obvious this isn't correct considering IBM bought the entire company, not just a license to use a portion of Vivisimo's software from 2010. Correct me if I'm wrong here.
IBM took what they wanted from Vivisimo, and integrated Velocity into their platform, which they've now been selling competitively for years. A Google search will reveal lots of references to it. They got the entire team of software engineers from Vivisimo, and made their existing product better.
In contrast, what I've seen from Yippy is a clunky search engine product, a faulty toolbar company acquisition with a toolbar you can't even download, and vague references in the financial reports about "EASE". EASE is a system to allow single sign on -- it's unrelated to Velocity, which is an algorithm for clustering search results. We know Yippy has only a few employees, including recent hires, but who is doing the programming of anything for this company? I particularly LOL'd about the reference to Obamacare in their financial reports. Laughable that the CEO is using the financial reports as a political mouthpiece, and also making excuses as to why millions have been spent but no real identifiable development team exists (other than some contractors, the number of which is also unknown).
If the "contractor-only-because-of-Obamacare" model is so great, why don't we see most successful companies using it?
Years of time have passed since acquiring Clusty and a license for Velocity, and Yippy has no viable product from it. Millions of dollars in shareholder money have been wasted, and we're almost to 2014 with no visible product. Given the latest PR regarding "a Fortune 100 company billed in the six figure range," I'm looking forward to whether something materializes or not. Time will tell.
I also find your argument of "insurance policy" a non-starter. As I understand it, your argument goes like this: 1) A 3rd party company makes an offer for Yippy, 2) IBM calls a vote and offers a larger offer, 3) 3rd party company loses.
So knowing this, why would a third party company make an offer in the first place? It seems like the stable situation under this sequence of events you've imagined is just that no one offers anything for Yippy. IBM keeps its 10%, and nothing happens. Why would a company offer money for Yippy knowing that their acquisition will automatically be blocked by an offer from IBM, under your proposed behavior of all companies involved? Seems to me you are engaging in quite a bit of wishful thinking.
Also, in terms of valuation, there's a big difference between acquiring an entire company and acquiring a license to use it's software in its own products. That's like saying because I bought a copy of Windows 8 for $300, and Microsoft values its Windows 8 division at $3.2 billion, that my copy of Windows 8 is now worth $3.2 billion, and thus I should expect to become a billionaire overnight. Your analogy to a house is just completely faulty; I don't see why you even made an argument that can be refuted so simply. A license is not the same thing as buying a company. The valuations are on totally difference scales.
So assuming *no depreciation*, i.e. that what Yippy bought for $5 million in 2010 or so, is still worth $5 million, this company should be worth 5,000,000/75,000,000 shares =~ 6.67 cents per share.
This is all my opinion, of course.
Looking forward to disclosure of Yippy's actual agreement with this Fortune 100 company
YIPI
Welcome to the Cloud
To the moon.
Is the toolbar completely dead? Or is Yippy still trying to monetize it?
I was unable to even download this toolbar a few weeks ago.
You are missing my point. I'm not arguing that the Velocity license isn't worth something.
I'm saying that IBM already owns it. Because they bought out the company.
Yippy licensed it before it was bought by IBM, and paid with it using stock. Since IBM bought the company they paid it to, IBM now owns the stock.
I'm saying IBM has what it wants (Velocity), doesn't need it from Yippy, and that IBM didn't directly go out and buy Yippy stock because they did some sort of DD and thought Yippy was a great company. They just happened to acquire it indirectly because they bought out this other company, Vivisimo.
People have acted like the fact that IBM owns 10% of Yippy means that Yippy is a valuable company in some way, but the above story doesn't really portray that picture, so it upsets people.
Moreover, according to BigBake, IBM can't unload those shares because they are restricted. I don't know if that's true, however, because I don't know that letter of the law.
I'm not saying what I'm saying is truth. Most of us can only speculate. All I'm saying is that the general modus operandi of OTC companies trying to sell stock is to repeatedly release PR's about basically inconsequential things. I've been on plenty of boards for these stocks on iHub, and the story isn't always 100% the same, but it rhymes.
Again, you're right -- I have no direct evidence. My point, though, stands, that it's not outside the realm of possibility. Why are they hiring some old retired guy if Yippy's product is just oh-so-amazing and some fortune 100 company was "billed" an amount in the six figure range?
Wow - your knowledge of this stuff continues to impress me. Glad to have you around.
Sure, why not? If you got paid a tidy sum (in shares or cash) to sprinkle some fluff about how Yippy is the greatest company ever and make a few sales calls, wouldn't you take it?
The guy was retired, if I recall correctly. Not exactly the most up-and-coming sales guy for a tech company, IMHO.
LOL, IBM only owns 10% because Yippy owed Vivisimo money, and since Yippy couldn't pay in cash, they paid in shares. IBM bought Vivisimo (meaning they have a license for Velocity, and don't care about acquiring a license something they already own from Yippy). Vivisimo was paid in shares of Yippy, so now IBM owns shares in Yippy.
With a volume even on a tumultuous day like today of maybe 100K shares, there's no way IBM can unload 2.5 million shares of Yippy. In fact, the 1.25 million notional value of those securities is probably a drop in the bucket for them.
Ergo, IBM doesn't care about Yippy. Capisce?
I am also curious where the line is regarding disclosure of non-public information in securities trading, OTC or not.
This company is a pump and dump, ed -- why don't people realize this?
Bloodbath. Welcome to the Cloud.
LOL "Cargill crew".
You want to know if STVF is a good investment? Look at the chart -- repeated pumps on news, then the dump & bleed later. Lots of money lost for plenty of investors -- not difficult to see.
Thank you for laying this out -- the exact process wasn't clear to me, but from what you'd hear on this board, people act like IBM bought a stake in Yippy because they actually examined the company and liked what they saw.
In reality, it occurred because of the Vivisimo rights Yippy had bought and needed to pay for. Not being a company that generates significant revenue, one of the ways they can finance such a deal is to pay through the use of shares, which is what occurred, as you said. Thus, they own shares in Yippy that were the result of this payment.
On one hand, it surprises me that IBM continues to hold a position in the company, given the fact that it has suffered significant losses related to acquisitions (Macte Labs, etc.) that were made but did not generate business success; most people on this board seem to concede that Yippy is no longer a consumer-oriented filtered-search company, and instead is trying to market themselves as a "big data" company or market their technologies for enterprise search instead.
On the other hand, if you look at how this stock has almost no volume (in the low tens of thousands of shares traded in the last day or so), it's clear that IBM couldn't unload their stock in this company even if they wanted to on the open market.
Can you imagine trying to sell a fraction of this company on the order of 2,500,000 shares, when maybe 1% of that amount trades per day? It would move the entire market. JP was trying to figure out who sold 20 or 30 thousand shares the other day that moved the price significantly -- how can anyone move 2.5 million shares without completely distorting the market for the stock?
There simply aren't enough people to sell stock to, so I imagine IBM holds its position. Make sense?
KO already sells Diet and "Zero" variants of Coca Cola.
Their need for artificial sweeteners is already met. Why partner with a company that has no revenues, no clear disclosed intellectual property, and no crops? Their latest financial report says they now are *buying* stevia extract from other companies, because they can't/haven't grown their own.
Meanwhile, that lease of land in Yuba City from Avtar Dhillon's wife is still costing the company money every month. No news on any use of that land for a productive purpose, either.
My understanding is that this article is still generally a true reflection of this company's financial situation. There are no sales, no crops, etc. The latest financial report says something about utilizing stevia extract that STVF *bought* (they say until they get their own) to make some over the counter table sweetener.
Can anyone tell me what the point of this is? Any trip to the grocery store shows that there are already plenty of stevia-based sweeteners on the market. This, to me, is like saying they're going to harvest sugar and sell it at the store - a product that already exists and whose brands are essentially the same. My point is this: What is it that STVF claims they are going to use to diversify themselves in an already saturated stevia sweetener market?
I don't think that OTC/Pinks trade after hours. My understanding is that the "prints" you see after hours are market makers printing transactions that occurred earlier in the day; see here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66719500
Welcome to the Cloud.
yipi, you accumulating today? low volume thus far.
Haha - I definitely know that sort of feeling re: a stock I have a position in.
Where the heck is everyone? We're off to the races.
boom - .74 ask and we're off to the races!
Great info - so many seem to be mislead about even the definition of short interest and rely on that "buyins" website that has no predictive ability.
Welcome to the Cloud.
The real question is - does it? This company had its stock promoted a year ago, which is usually significant of a pump and dump. It happened before - this is basically an undisputed fact. Is it happening again? I don't know. There are constant calls for $1.00 for this stock and it's likely that posts are by paid promoters.
Looking forward to it, actually. It will be a nice balance.
That's a fair point, actually. I hadn't considered it. I admit you are correct.