Replies to post #36770 on Yippy, Inc. (YIPI)

[BigBake1]

Good for you Rich, but I didnt say you "couldnt", I said you shouldn't. I really dont care what most "CEO"s wont do, they are smart they have a job to do in the real world outside of pennystock of course, they are running actual businesses creating shareholder value. YIPI on the other hand is the typical stinky pinky and now it's CEO has so much time on his hands he can read and write to a message board defending his poorly written financials and his lack of performance.

Oh yes by all means "Clarify" that seems to be the operation here, dont provide the details in the disclosures, lets just write in the less official context in Email or Message board... lol.. Good thing you are paying people to prepare your disclosures, so basically what you are saying is you are wasting money.. got it.

They maybe currently less than 3% of the OS but they werent in say 2011 or 2012 for that matter. Yet again another non disclosed item.

You are right a fairly simple transaction, but not legal under the fact that the Current debtor is selling them in the market.

[Crazy Money]

YIPI still below .50 :-D

[Crazy Money]

Lots of CEOs post on iHub... :-D

RichGranville Member Level Tuesday, 10/21/14 09:17:39 PM
Re: BigBake1 post# 36762
Post # of 36944

Sir,

I may post on any public forum I feel appropriate. It really depends on what side of the stock you are on as it relates to responses in most cases.

Most CEOs won't because they don't care to interact whatsoever with their shareholders. This is especially true on the OTC.

To clarify - The "common shares" (1.67M - 3% of issued and outstanding) were acquired by a finance company in a deal in late 2009. The company was fully reporting until last 2010, so I assure you that the deal was not only appropriate but provided the cash on hand to purchase Velocity.

Yippy was busy in development and acquisition mode in 2011 - 2012, and as such we needed funding like every growing company. The finance company who could have sold every share in 2010, held them, and allowed Yippy and the Magna Group to collateralize a $2M line of credit as a third party guarantor for the secured credit line which I also personally guaranteed in early 2012.

Fairly simple transaction, and we drew only what was needed for deals like Muse Global, Macte labs, and the creation of our EASE platform. We never drew more than $700K on the $2M line. Yippy is very good at making the most of every dollar we spend.

I hope this makes sense to you.

Regards,

Rich

[Welcome2Pinkyland]

Sir,

I may post on any public forum I feel appropriate. It really depends on what side of the stock you are on as it relates to responses in most cases.

Most CEOs won't because they don't care to interact whatsoever with their shareholders. This is especially true on the OTC.

To clarify - The "common shares" (1.67M - 3% of issued and outstanding) were acquired by a finance company in a deal in late 2009. The company was fully reporting until last 2010, so I assure you that the deal was not only appropriate but provided the cash on hand to purchase Velocity.

Yippy was busy in development and acquisition mode in 2011 - 2012, and as such we needed funding like every growing company. The finance company who could have sold every share in 2010, held them, and allowed Yippy and the Magna Group to collateralize a $2M line of credit as a third party guarantor for the secured credit line which I also personally guaranteed in early 2012.

Fairly simple transaction, and we drew only what was needed for deals like Muse Global, Macte labs, and the creation of our EASE platform. We never drew more than $700K on the $2M line. Yippy is very good at making the most of every dollar we spend.

I hope this makes sense to you.

Regards,

Rich


RichGranville Member Level Tuesday, 10/21/14 09:17:39 PM
Re: BigBake1 post# 36762
Post # of 40253

[Welcome2Pinkyland]

LOL- why some don't want the YIPI CEO to post- who knows, however, YIPI CEO says he can post if he wants:


RichGranville Tuesday, 10/21/14 09:17:39 PM
Re: BigBake1 post# 36762
Post # of 42586
Sir,

I may post on any public forum I feel appropriate. It really depends on what side of the stock you are on as it relates to responses in most cases.

Most CEOs won't because they don't care to interact whatsoever with their shareholders. This is especially true on the OTC.

To clarify - The "common shares" (1.67M - 3% of issued and outstanding) were acquired by a finance company in a deal in late 2009. The company was fully reporting until last 2010, so I assure you that the deal was not only appropriate but provided the cash on hand to purchase Velocity.

Yippy was busy in development and acquisition mode in 2011 - 2012, and as such we needed funding like every growing company. The finance company who could have sold every share in 2010, held them, and allowed Yippy and the Magna Group to collateralize a $2M line of credit as a third party guarantor for the secured credit line which I also personally guaranteed in early 2012.

Fairly simple transaction, and we drew only what was needed for deals like Muse Global, Macte labs, and the creation of our EASE platform. We never drew more than $700K on the $2M line. Yippy is very good at making the most of every dollar we spend.

I hope this makes sense to you.

Regards,

Rich