Progressive Stocks

[Innpact]

QPSA purchased myYearbook in August of last year. At the time it was a $10-$11 stock.
The transition took place in December.
They announced that the merger was to build the two companies into a Social Discovery platform with an international audience. Neither name was fit for this. The two companies basically merged into myYearbook because myYearbook was a much more stable site with a strong user base and was reporting good revenues.

They had already built a strong platform on IOS and Android. And had various other revenue streams like SocialTheater.com that QPSA was already spending millions on through M.A.T.T. (Their largest investor). Last Quarter they completed the name change and had made numerous improvements to mobile and this is the first full quarter with the combined companies revenues. The mobile numbers that are public are shooting up. DAU, EAU, and MAU have all been climbing. They have been running ariel advertising campaigns on all US coastlines. They produced a Hilarious youtube video poking fun at the other social networks and have increased focus on the flirting, dating and discovering new people aspect. And they are introducing 6 languages in September or August. MeetMe has positioned itself to be the opposite of Facebook in that their users are their to find new people and be out there with their info as opposed to only connecting with those you know.

They report earnings on Aug 8. The MKT Cap is currently 72M with 36M shares and a 4M short interest. This stock has been beaten bad by the shorts and is trading well under value. Combined value of the two companies was once well over 200M. And all they have done is decrease debt and increase users.

It is expected by Longs that their mobile numbers will show a serious ramp. 10-14 M in revenues. With a 2 Million loss of shutting down the gaming department. Which after ZYNGA reported how bad that was delivering, that is actually a great way to cut expenses.

We are expecting a serious short squeeze come August 8. And Q3 is looking to be just as exciting. It is good you didn't get in back when you first looked at it. But you should certainly take a look again.

Disclaimer: I am all in long on this one and I am an ex-employee of myYearbook.