Yippy, Inc (OTC: YIPI) Penny Stock to Watch!
YIPI continues to drop big in recent sessions!
Yippy, Inc (OTC: YIPI) has been trading on the OTCBB for years and has a history of highly explosive moves; earlier this year the stock ran from a start point of $0.25 and saw all time highs of $2.34 before dropping back down again. Over the past few months the stock has dropped in dramatic fashion to current lows of just over a qaurter as the Company saw their market valuation slide from well over $100 million to a current $17 million valuation.
Yippy, Inc is a technology company that specializes in the development of search, data normalization, and aggregation through application service environments for consumer and enterprise markets. Yippy's proprietary web-based product suites are deployed over cloud architecture and provide secure, redundant and maintained Data as a Service for businesses and education markets. The Company also operates several online web properties and educational reference portals.
The Companies main portal is Yippy.com, an alternative to Google and a search portal that filters out the Web pages that feature questionable adult content. Over the past year the Copmany has seen yipi.com move to the top 20,000 websites on the internet and revenues are ramping up.
YIPI stock was the subject of a massive stock promotion this year that took the stock from around $0.25 to highs over $2 per share. A 3rd party paid a number of questionable newsletters to promote YIPI earlier this year.
Conclusion: Currently trading at a market valuation of around $17 million YIPI boasts growing revenues and a web domain in the top 20,000 in the world. At the same time YIPI continues to burn between $500,000 and a million per quarter and has little cash on hand and mounting debt. YIPI also has a loyal base supporting the stock at current levels while the downward slide and heavy selling continues. For their sake, I hope it can hold the crical $0.25 support.
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Richard Granville, CEO
SYMBOL: OTC: YIPI
Shares Outstanding: 53,645,810
Market Cap: $17,703,117
Yippy, Inc. (PINK: YIPI) was incorporated as Cinnabar Ventures, Inc. (“Cinnabar”) was in the State of Nevada on May 24, 2006. On October 6, 2009 the Company changed their name to Yippy Soft, Inc. and On January 26, 2010 they changed their name to Yippy, Inc. A company that provides secure online web destinations and services such as search, toolbars, browsers, email, cloud applications and storage.
On December 5, 2011, the Company declared a 2-for-1 forward stock split. All per share and share amounts have been restated to reflect the forward stock split in the amounts presented. On July 30, 2012, the Company formed a wholly owned subsidiary, Yippy Labs, Inc., a corporation incorporated in British Columbia, Canada. On August 1, 2012, Yippy Labs acquired 100% of the issued and outstanding common stock of Macte!