Someone (YTB, Sales Director, interested party?) placed telephone calls on Sunday night advising that the stock, YTBLA.PK would be increasing in price after a "blockbuster" announcement this week about a new partnership with a "billion dollar" travel company. We reported that this was coming on August 26th. They indicated that the press release would surge the stock to $0.40 and then shortly thereafter to $1.00 a share. The news was described as "the biggest news from YTB in the history of the company."
While this may be considered insider information--Martha Stewart anyone? It is likely signaling that they have signed the deal with a travel host (of sorts) to affect a workaround for selling the products of the companies that have terminated their relationship. In the cruise segment, YTB has been banned by Royal Caribbean, Celebrity, Azamara, and NCL due to their questionable business practices.
It is unknown how these companies will react to this workaround. They may indeed embrace it, or they may stick to their guns.
The announcement is supposed to be made later this week. Currently the stock is traded on the highly volatile and risky Pink Sheets and is valued at $0.05. We will see.
