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Micro-Cap in Focus; Yippy Inc. (YIPI)

By Warren Paige

Shares of Yippy Inc. (PINK: YIPI), a Fort Myers, Florida-based technology company focusing on the development of search, data normalization and aggregation, are gaining in trading today.

At last check, YIPI shares were trading 5.13% higher at $1.23 on volume of 234,779. Despite the gains in trading today, YIPI is down more than 46% in the last three trading sessions.

YIPI on Thursday provided an update to its shareholders. Rich Granville, CEO of Yippy, said that the company is rock solid, and its merger and acquisitions are moving along perfectly. Granville said that the industry is very excited about what the company is offering.

Granville also clarified that YIPI has not entered into any type of financing that would require the sale of stock. He said that the company has only used $700,000 of its $2 million credit line with Magna and that the company is current with all obligations and has sufficient access to capital.

 

June 15th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.