Yippy, Inc. (YIPI)

[bobknows]

honey badger glad you came back

lets you and i have a little debate

question

why would ibm not want to liquidate its position in yippy

answer

it is an insurance policy

now i am sure you don't understand that

so i will explain

ever heard of carl icahn

carl likes to buy 5-15 % positions in companies to leverage mgt into the situations he thinks will make him money

or

he can use those positions to stop transactions by calling for shareholder votes through proxy or lawsuits

most recently the fight with dell

now for the meat

ibm would be complete morons for selling its 10%+ position in yippy

if they did they would have no rights to stop the sale of yippys technology to a competitor

gives them an automatic first right of refusal so to speak only they can do it through the back door

meaning

yippy says its selling to orcl sap msft whomever

a price is agreed

ibm can stop it by demand

calling a shareholder vote and offer a higher amount

since they already own 10% any offer would carry a weighted discount of same

which mean ibm will always be able to buy this company for 10% less than the highest offer

protect themselves from another player grabbing velocity and the other technology yippy has

also

if you look at this deal from a comparison or comp as we say

yippy owns velocity which they paid 5.5MM for

ibm owns velocity which they paid 135MM for

my house was purchased for 600K in 1997

my neighbor just sold nearly the same home from the same builder in jan of 2013 for 1.65MM

how much is my house worth honeybadger

not to mention my house has a pool a tennis court and about twice the lot size as the other house

if you use simple comp comparison as most who work in big business

yippy is worth at least 165MM

that is 3 bucks a share

with no revenue

if the active directory muse connectors and other technologies they are concentrating on work out well

yippy is worth more than 165MM

with no revenue

yippy has revenue and has disclosed large customer

does this make sense to you

this is all in my opinion