We have this proverb “Where there is smoke, there is fire” “Where there is smoke, there is fire”
Keep in mind the following that WIFI3 is Disruptive Technology that really changes the way WIFI is done and change is alsways hard but once it gets momentum then you see a parabolic growth and YFI is close to this Rubicon. With 22 Patents and mainstream companies looking at them including seven OEM, Multiple Carriers and Multiple F500 companies all under agreements of some sorts YFI is positioned. They were pointed out as the only real innovation at the WIFINow conference in Washington DC in 2016 and chosen by UPRamp for its 4 positions in its Filtrator program only last month from over 1000 entries from 17 countries.
Over 600,000,000 shares traded in YFI the last 18 months and the price has been trending up towards its all-time high of $0.62 in 2015. During this period they have raised cash at $0.35 and $ 0.40 and currently have over $2.5 M cash in the bank. The large shareholder base at Haywood Securities has increased its position year over year to where they voted close to 40 M shares at last AGM I am told by a Broker at Haywood. During this period and the previous 5 years insiders have sold very little shares even though 600 Million shares changed hands which is 5 times the outstanding shares in the company, yet they continue to hold shares.
The company changed its business approach about 20 months ago to the 3 Pillar approach and looking for Licensing and OEM deals with big success and each quarter they are signing bigger companies they received there 1rst Design-Win with EION a well-respected Small Cell player with over 100 clients worldwide including Verizon and groups like the CableLabs who represent the $ 500 Billion Cable industry who are looking at WIFI3 to solve so density issues and taking advantage of the IP in other ways. Management said in early 2016 look for an 18 month to 24 month business cycle on these deals to turn to sales, and they continue on this cycle with a F500 retailer.
Yet the bashing continues to accelerate as does the short positions you can see on
www.shortdata.ca . this consistent bashing of anyone who points out positive in the company and they company accomplishments gets discredited immediately. Also look at the trading pattern of low closing the stock making it look bad on some days to what means other than cover shorts. You have to wonder why these bashers spend so much time on this particular stock, has to be they are short.
I have said consistently that YFI will see $ 3 a share by end on 2016 or before, I feel this way still and I am more positive than ever.
Always do your own DD.
LOVE THE YFI