After a three-day run, May 24 to May 26, Yippy Inc (PINK:YIPI) dropped back below the $1 mark.
Yesterday YIPI closed 2.7% down at $0.72. Only 48 thousand shares were traded.
YIPI has appeared in a promotional newsletter again. This time the compensation is $25 thousand. As evidenced by yesterday’s numbers, it failed to generate any significant volume or price change.[BANNER]
On May 26, the last day of the run, YIPI announced a partnership with InfoSpace, Inc. YIPI will display the sponsored CPC (cost per click) results of InfoSpace, and YIPI’s search engine will be provided with consolidated search results from bigger search engines.
More recently, on Jun 6, the company issued a PR informing traders that the shareholders of record on June 27 will get a restricted stock dividend. The dividend will be equivalent to 5% of the shareholdings no later than June 30.
This announcement didn’t spark a lot of trading and the volume for the day was barely 91 thousand shares.
These announcements still don’t answer the question of how YIPI will fund its operations, but they do seem to have a plan. While the price couldn’t stay above the dollar mark, it is still far above the levels from before the run.
