We have just completed the installation of the first six (6) Blue Flame appliances on Globalstar’s network.
Wonder how much is the BF charge? Anyway, this installation should be charged and so, at least, we should see the charge on the annual report, which due is the end of August.
Having said that, we must wait till 1Q, due is Oct 15th, to see big revenue increase or possible profit. Therefore, it is a good idea to accumulate shares when the PPS drops in this summer though news from GSAT would move up the PPS much higher sometime. BTW, someone on IHUB said the CEO of GSAT would buy a lot of YIPI shares before summer. Let's keep eye on it also.
Message from CEO - Yippy, Inc.
I appreciate the phone calls about the Sason matter. I think the filing John Snyder made that has been posted on this board is the correct response.
Additionally, the case with Magna and Yippy is a long way from going to court. In our conference with the Judge last month he indicted it would be more than a year before we began trial proceedings.
As stated in our financial statements, this Magna proceeding is not going to affect our business. The intent of these lawsuits were to put Yippy out of business, nothing more. It will not succeed, I can assure you.
Our business is strong, and I will be updating the shareholders post release of our next quarterly report. I think everyone will be very happy with our progress.