BIG YIPI Update: Folks had a lengthy conversation with Rich late last night.
There are SEVERAL significant events nearing finalization and we will begin hearing about them early next week!
It appears that we have a few folks selling and that's unfortunate as they are going to feel pretty silly and sick to their stomachs next week IMO.
Very much long and strong here. Hang tight...
Time to buy when flippers can't wait. if you make friends with time. you win the game. I think it'll go side way till the next news. GLTA.
(FInd more on OTC wab)
First, Yippy will not publish audited financials until after January 2014. The reason for this is simple. The Board of Directors wants to close the only loophole for the conversion of Restricted 144 stock into free trading stock under Rule 4(1). Rule 4(1) states that if a shareholder has held stock (warrants and options included) in a company for more than 2 years and is not a officer, director or affiliate and the company has adequate (audited) financial statements on file, then restricted stock legend may be removed under this rule per the SEC guidelines.
I have been in contract with our transfer agency regarding this issue and we are both in perfect agreement. There will be no legal opinion allowed under Rule 4(1) without the Company having audited financial statements on file with the OTC Markets Group. This means no new stock coming into the market, and Yippy's free trading float will remain the same as stated in our last financial report through the end of our fiscal third quarter unless we file a Form 10. The current float as of the date of this release is 9,180,000 shares.
Yippy does have a Fortune 100 company under contract which we have billed in the six figures as of the date of this release. We are in the second phase of development with this customer and at some point we will release the name and the total contract value of this deal to the shareholders. It is important to understand that when dealing with customers of this size, the time of transition from one system to another is lengthy. Additionally, we are in an iron clad NDA as it relates to press releases and disclosures. I understand the need to for shareholders to know, but it is impossible for us to disclose for more reasons than I have time to site in this release.
Did you make money? Sounds like a dude stalking an ex-girlfriend, still attaching? Well, stay here and keep this board busy so that I don't have to be here.Thanks.
I am not selling any share. Why are you here, dropping the #$%$? How many shares are you trying to buy? Put your pants on.I can see your tail.
It's not Info,"IMO" ,can you read English? but it is logical if you checked the time frame. Audited fins will bring YIPI OTCQX at once.
Then, the Fortun 100 company will announce the deal. Perfect! IEO.
Yeah,Q is out and PR is coming
BIg posted on IHUB:
Hey folks. Just spoke with Rich. All required forms, filings have been submitted to the OTC markets for uplist to current pink status.
My experience is that this takes 12-24 hours to reflect.
Rich will put the PR out as soon as YIPI is shown as current per the market. Either AH today or tomorrow IMO.
I'm excited to see what is contained in this news release. I believe it will be a comprehensive update.
It's going to be an exciting few days. Don't underestimate the new eyes that will be on this once current status is announced!