Yappn Corp YPPN

Technology Software - Application

Yappn Corp. delivers real-time language translation products which enable vendors and consumers to communicate freely with one another, each in their own preferred languages. The Company offers a set of tools to engage consumers in approximately 67 languages. The Company translates the words, as well as the context and syntax, thereby ensuring that what is written in one language is translated into another. It detects the online or mobile user’s preferred language and can translate the communication into the user’s language in real-time. It offers products for eCommerce, customer care, enhanced messaging collaboration such as intranets, gaming or social platforms, online marketing, and custom translation solutions to a variety of verticals including entertainment, retail, and marketing. Its tools and solutions are built with industry technology and hosted on the Microsoft Azure cloud-based platform, which provides Company with global reach, dependable presence and scalability.

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Yappn Corp > Asher note 83% interest?

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Comment by mbbttfbon Apr 04, 2014 3:22pm

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RE:Asher note 83% interest?

Tgar you will note on page 13 of the 8% convertible note agreement they pay 35% of the note value + accrued interest for repayment of the note if done with 150 and 180 days of note issuance. So 39% is pretty much bang on. Nice business. And unless you want to give away 10% of the company for $78K pretty much no option but to pay it. You may have options with the devil. But none of them are good. He always wins.

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