Last time we spoke about Yippi, Inc. (PINK:YIPI), it was after it had gone up due to news and promotions. This time, we are having a go before the session.
Yesterday wasn’t an impressive day for YIPI. At the close, the price was $0.23- down 4.17%, and the volume was approximately 23 thousand shares.
After the close YIPI issued a press release and a promotional email was sent out. Like last time, now the news is about financing again.[BANNER]
The company said it had secured $2 million through a structured secured debt agreement. Supposedly, this will allow YIPI to begin a major marketing campaign in April.
As for the promotion, a third party paid $10 thousand for it. The promoter focuses on the potential of YIPI and the news, since the financial reports of the company are not anything exceptional.
Last time the combined effects of a promotion and a press release was enough for a 24.32% gain, but it didn’t last long. It will be interesting to see how things turn out this time.
