I added a bunch of $.0007's yesterday and hoping for a big week next to unload 1/2 of my shares, if not more or all of my shares. We need BIG news about the details of this new partnership for Nulief. It has been 4 weeks since CEO put out PR about partnership, but never said who they were or any of the details. Now they need to reveal who it is and when will they be introducing Nulief to retail.
BTW - did you all see this? Sason boys getting sued and possible class action suit - http://www.otcmarkets.com/stock/YIPI/news?id=107702
I may contact them about joining a class action suit against Sason, who's death spiral financing destroyed the share price here. Cheers!
Yippy, Inc. CEO Files $50 Million Lawsuit Against Magna Group LLC
Jun 18, 2015
OTC Disclosure & News Service
New York, NY -
NEW YORK – June 18, 2015: Richard Granville, the CEO of technology company Yippy, Inc. (YIPI), filed a $50 million lawsuit in New York Supreme Court against the “death spiral” financier Magna Group LLC and its principals Josh Sason, Ari Sason, and Michael Abitebol.
The lawsuit, filed on June 16, 2015, alleges that Magna participated in a scheme to manipulate the price of Yippy’s stock. Magna’s “pump and dump” scheme involved the issuance of phony press releases, hypothecation and naked short selling of Yippy’s stock, and attempted corporate bribery, according to the complaint. Granville is suing Magna for fraud and unjust enrichment.
This lawsuit comes on the heels Bloomberg’s March 12, 2015 report about Magna and its founder Josh Sason entitled, “This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks.” The Bloomberg article describes how Magna profited from the collapse of small, publicly traded companies that had borrowed money from Magna. (See article: http://bloom.bg/1HIedWP)
In March 2015, Granville posted statements referring to the Bloomberg article and describing Magna’s business practices. In response, Magna’s principals Josh Sason, Ari Sason, and Michael Abitebol sued Granville for defamation, claiming that his words had cause them “severe emotional distress.” Granville responded to the defamation suit by claiming truth as a defense: “Granville stands by these statements because, as discussed below, they are true. Granville is fully prepared to come into court, swear an oath, and defend his words and actions.”
The complaint adds: “As a businessman, a U.S. Navy veteran, and man of devout faith, Granville feels a moral and ethical obligation to help expose the truth of the Magna Parties’ business practices. In so doing, Granville’s objective is to save other entrepreneurs from the Magna Parties’ vicious and immoral business practices, and to see that the Magna Parties are brought to account for the jobs, companies, and lives that they have destroyed in the name of personal enrichment.”
Granville and Yippy are represented by the Manhattan law firm John H. Snyder PLLC, which has initiated an investigation into the broader business practices of the Magna Group in preparation for a potential class action. Any person or company who has been harmed by the Magna Group is welcome to contact John H. Snyder. Snyder may be contacted at (212) 856-7280 or john@jhs.nyc.
Granville may be contacted at rich@yippyinc.com
Copyright © 2015 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
BTW - did you all see this? Sason boys getting sued and possible class action suit - http://www.otcmarkets.com/stock/YIPI/news?id=107702
I may contact them about joining a class action suit against Sason, who's death spiral financing destroyed the share price here. Cheers!
Yippy, Inc. CEO Files $50 Million Lawsuit Against Magna Group LLC
Jun 18, 2015
OTC Disclosure & News Service
New York, NY -
NEW YORK – June 18, 2015: Richard Granville, the CEO of technology company Yippy, Inc. (YIPI), filed a $50 million lawsuit in New York Supreme Court against the “death spiral” financier Magna Group LLC and its principals Josh Sason, Ari Sason, and Michael Abitebol.
The lawsuit, filed on June 16, 2015, alleges that Magna participated in a scheme to manipulate the price of Yippy’s stock. Magna’s “pump and dump” scheme involved the issuance of phony press releases, hypothecation and naked short selling of Yippy’s stock, and attempted corporate bribery, according to the complaint. Granville is suing Magna for fraud and unjust enrichment.
This lawsuit comes on the heels Bloomberg’s March 12, 2015 report about Magna and its founder Josh Sason entitled, “This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks.” The Bloomberg article describes how Magna profited from the collapse of small, publicly traded companies that had borrowed money from Magna. (See article: http://bloom.bg/1HIedWP)
In March 2015, Granville posted statements referring to the Bloomberg article and describing Magna’s business practices. In response, Magna’s principals Josh Sason, Ari Sason, and Michael Abitebol sued Granville for defamation, claiming that his words had cause them “severe emotional distress.” Granville responded to the defamation suit by claiming truth as a defense: “Granville stands by these statements because, as discussed below, they are true. Granville is fully prepared to come into court, swear an oath, and defend his words and actions.”
The complaint adds: “As a businessman, a U.S. Navy veteran, and man of devout faith, Granville feels a moral and ethical obligation to help expose the truth of the Magna Parties’ business practices. In so doing, Granville’s objective is to save other entrepreneurs from the Magna Parties’ vicious and immoral business practices, and to see that the Magna Parties are brought to account for the jobs, companies, and lives that they have destroyed in the name of personal enrichment.”
Granville and Yippy are represented by the Manhattan law firm John H. Snyder PLLC, which has initiated an investigation into the broader business practices of the Magna Group in preparation for a potential class action. Any person or company who has been harmed by the Magna Group is welcome to contact John H. Snyder. Snyder may be contacted at (212) 856-7280 or john@jhs.nyc.
Granville may be contacted at rich@yippyinc.com
Copyright © 2015 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
