Replies to post #31478 on Yippy, Inc. (YIPI)

[326T658]

Hulkzz the point is it's not the Financier that creates the Pump and Dump...It's the company and it's PR's and such.
So you agree there was a Pump and Dump or is BigBake1 wrong?
And if one was created why can't another one be done? Or don't you care, because you know a lot of people get hurt in that move as well as the one's who profit!

[BigBake1]

I have to ask, but what positive event has occurred here in the past couple of months? I mean you know my disclosure I trade in and out when opportunity presents itself, that is my own strategy. But I can tell you without a doubt that there have been several negative events with YIPI and most were not disclosed when they occurred but were just now revealed in purposely held back late filings. I find it odd how there is absolutely no concern that this has gone from an SEC Filer down to a OTCQX security and now DOWN to a PINK and nobody bats an eye to that fact. The OTC Disclosure they provided is not audited, not reviewed and requires plugging information into a template, it takes a couple of hours and that is it.

Did anyone read the disclosures provided? Amazing how deals fell apart and certain things were sold but no PR ever about them. But hey you get in a late disclosure on the OTC along with yet another tier drop. Look at the cash on hand, they have nothing to pay for an audited filing nor are they going to file an audited filing as they de–registered long ago for a reason. The hiring of an EX whatever company doesn’t add value to the company, that means more shares are issued and at some point will be converted although one should be concerned considering they disclose they were in fact a shell corporation. What is important about that you may ask? Simply they cannot apply SEC Rule 144 for the conversion of any stock to free trading. The only way to cure a “shell” status is by filing with the SEC and doing so for a year. There isnt an exemption available and yet somehow they are converting shares to free trading here.

We all know the Float has continued to increase and it will continue to expand, that is because they have no cash. They issue and convert shares to pay their debts and as the operational costs exceed the revenues here they are not self sustaining. Worse yet the same dumbass is still in charge and has yet to ever come clean about last years pump and dump scheme, you know the one where he claimed it was all shorts that took the price down…lol… Yeah it wasn’t the consecutive paid promotions, touts and PRs to dead end deals that caused the price to be exaggerated beyond reasonable levels…lol

The IBM ownership is not all that great, it is simply an event in which IBM acquired a company that had a deal with YIPI:

In connection with the License Agreement, the Company acquired the domain Clusty.com, a metasearch engine, and all sub-domains and scripts related thereto, pursuant to a related purchase agreement (the “Purchase Agreement”). Vivisimo agreed not to compete with the Company in the consumer search area for a period of two years. Total consideration paid to Vivisimo under the Purchase Agreement and License Agreement was approximately $5,550,000 (the “Acquisition Price”). In May 2012, Vivisimo was acquired by IBM.

IBM did not directly purchase 10% of YIPI, they acquired Vivisimo and by proxy gained ownership of the shares in this non compete agreement. It is not as glamorous as some portray it and by the way the 2 years is about up and guess who is going to be looking to liquidate?

Last, for those who have been holding for a long time and were recipients of the awesome dividend that has been rotting away in their accounts for almost 2 years now, why hasn’t the company ever addressed a timeline to removing that restriction? Some people have to pay monthly “maintenance fees” for those restricted shares and I am betting in some cases it exceeds the value of those shares. I will point out to what I said earlier, without being an SEC filer and making no move towards becoming a registered security, those shares will continue to rot. Shell corporations take a year to meet the “cure” status for the SEC to remove restrictions.

Just some food for thought, as I told some before here, trade it, do not be the one standing up when the music stops and there are no more chairs. A lesson was handed out last year and it took 14 months before this saw liquidity again, learn from that. The undisclosed promoters should be a huge clue.