SIPP International Industries Inc (SIPN)

[kingchaz]

I had spotted Chef at the Palms Hotel with several guys on Saturday Night. There were a couple Chinese fellows in tow and a few exec's from Smithfield Foods. If you have been following SIPP for any length of time, several months ago the Chairman of SIPP stated that they are on the path to pay it forward in a big way.

Well, acting like Bud Fox (the movie Wall St.) I stayed a good distance back as they made their way around the casino. Nothing out of the ordinary... so I made my way home. That's when it hit me. In their disclosure statements they mention a company called Pennex Foods. If you research Pennex... They were a distributor of Smithfield. Smithfield owns 28% of Pennex stock. SIPP owns 62%.

This morning I managed to get a current DTC list. There are approximately only 80,000 shares left on the float. Then I remembered that SIPP put out release a couple months back stating that they quietly started buying back float shares over the last month or so.

Something's brewin' But... I think we might have a good Xmas.