Replies to post #32044 on Yippy, Inc. (YIPI)

[honeybadger]

You are missing my point. I'm not arguing that the Velocity license isn't worth something.

I'm saying that IBM already owns it. Because they bought out the company.

Yippy licensed it before it was bought by IBM, and paid with it using stock. Since IBM bought the company they paid it to, IBM now owns the stock.

I'm saying IBM has what it wants (Velocity), doesn't need it from Yippy, and that IBM didn't directly go out and buy Yippy stock because they did some sort of DD and thought Yippy was a great company. They just happened to acquire it indirectly because they bought out this other company, Vivisimo.

People have acted like the fact that IBM owns 10% of Yippy means that Yippy is a valuable company in some way, but the above story doesn't really portray that picture, so it upsets people.

Moreover, according to BigBake, IBM can't unload those shares because they are restricted. I don't know if that's true, however, because I don't know that letter of the law.