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Replies to post #53270 on Yippy, Inc. (YIPI)
236T568
02/24/17 12:33 PM
#53276 RE: Welcome2Pinkyland #53270
$YIPI borrowed $600k and is paying it back. Apparently all parties ended up agreeing that $YIPI still owes Magna $450k. If you borrow you got to pay back. At least they are not paying back in shares- as Magna originally wanted. Borrowing the money was worth it - it got the yippy blueflame appliance and other products up to speed, enabling the $GSAT partnership- as well as putting $YIPI in a position to take over the business Google is giving up. Onward and upward for $YIPI