Replies to post #36733 on Yippy, Inc. (YIPI)

[236T568]

YIPI - and take a look at who the creditor is that has taken YIPI's assets used in collateral for a loan in default - the grandkids of one of YIPI's Directors, Morton Fink:


https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=127652

E. Disclosure of Conflicts of Interest
There are no conflicts of interest with any of the officers’ or directors’ personal or professional
interests, except for Morton Fink, who is the grandfather of Joshua Sason and Ari Sason of the
Magna Group – Hanover Holdings, a lending source used by the Company.

YIPI - creditor sells YIPI assets used in collateral for loan in default:



https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=127652

ITEM XI: Defaults Upon Senior Securities.
The Magna Group (dba Hanover Holdings) (“Magna”) and the Company are in the early stages
of litigation regarding a dispute concerning the exact amount of debt outstanding which is owed
by the Company to Magna pursuant to multiple note transactions entered into by the parties in
2012. The litigation also relates to the application against the outstanding debt of collateral sold
in connection with such transactions. Requests by the Company and its counsel for audited
accounting of the transactions in question were repeatedly ignored and to date the Company still
has not received such records. The Company does not believe Magna’s claims have merit and is
prepared to defend itself rigorously. The Company does not believe this litigation will have a
materially adverse effect on its financial condition or results of operations.

[236T568]

How much of YIPI's Intellectual Property that it owns has been sold off by creditors because of defaults on loans?


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107399830