Apparently the CEO of YIPI said, he will not sell
Post# of 29735
Posted On: 10/29/2013 12:09:22 PM
Apparently the CEO of YIPI said, he will not sell his shares for less than $5. I am wondering if it had something to do with an old news from mid June. It is interesting:
Fort Meyers, Florida (I-Newswire) June 14, 2013 - Yippy Inc. (OTCQX: YIPI) The world leader in safe search with it's unique Velocity clustering technology is showing indications of a possible buyout by a larger tech company such as Google or IBM.
Following a record quarter and the expectation of breaking a million dollars in revenue next year, Yippy, it's board, and CEO, Richard Granville, who told news-press.com on May 25th that " Yippy is the finest engine for censorship, on Earth," voted on April 20th to retain an M&A firm. Granville, went on to say "As soon as the thing takes off, they'll take us out," referring to a buyout by one of the larger tech companies . It seems that such a buyout is in Granville's end game and instead of waiting for them to find him, Yippy may actually be taking their case to them.
Most investors believe that Yippy would be best suited for a Google buyout as it is essentially the Google of safe search. Filtering out questionable material for ages K - 12 and more specifically geared toward institutional uses in schools or libraries. Yippy, in the hands of Google, could see such placement on a national scale.
Other investors suggest that IBM may want to claim complete control of it's Velocity technology that only Yippy is licensed to use. Velocity, the cutting edge cloud clustering technology, was licensed to Yippy through Vivisimo, who was later acquired by IBM, leaving Yippy the only other company with the exclusive and transferable rights to this technology.
The company has also recently lifted restrictions on insider trades . Currently trading upward at $0.20 from a low of $0.11 Yippy would likely never see such a low share price again if acquired by a Google, IBM, or any other tech giant.
This does not constitute an offer or advice to buy or sell securities.
Fort Meyers, Florida (I-Newswire) June 14, 2013 - Yippy Inc. (OTCQX: YIPI) The world leader in safe search with it's unique Velocity clustering technology is showing indications of a possible buyout by a larger tech company such as Google or IBM.
Following a record quarter and the expectation of breaking a million dollars in revenue next year, Yippy, it's board, and CEO, Richard Granville, who told news-press.com on May 25th that " Yippy is the finest engine for censorship, on Earth," voted on April 20th to retain an M&A firm. Granville, went on to say "As soon as the thing takes off, they'll take us out," referring to a buyout by one of the larger tech companies . It seems that such a buyout is in Granville's end game and instead of waiting for them to find him, Yippy may actually be taking their case to them.
Most investors believe that Yippy would be best suited for a Google buyout as it is essentially the Google of safe search. Filtering out questionable material for ages K - 12 and more specifically geared toward institutional uses in schools or libraries. Yippy, in the hands of Google, could see such placement on a national scale.
Other investors suggest that IBM may want to claim complete control of it's Velocity technology that only Yippy is licensed to use. Velocity, the cutting edge cloud clustering technology, was licensed to Yippy through Vivisimo, who was later acquired by IBM, leaving Yippy the only other company with the exclusive and transferable rights to this technology.
The company has also recently lifted restrictions on insider trades . Currently trading upward at $0.20 from a low of $0.11 Yippy would likely never see such a low share price again if acquired by a Google, IBM, or any other tech giant.
This does not constitute an offer or advice to buy or sell securities.
(0)
(0)Scroll down for more posts ▼