In the last couple of days, the so called "professional and...

In the last couple of days, the so called "professional and sophisticated investor(s)" who put up the $2m with the share price now falling to 0.4c already have a book loss on their investment of around $198k (450m shares by loss of 0.044c per share). In fact, each 0.1c drop in share price on their purchase price of 0.444c leaves them with a book loss of $450k! It is not beyond the bounds of good reasoning that YPB's shares will drop to 0.3c or lower in the very immediate future such is the dilution impact of issuing 450m new YPB shares against the 416m shares that were on issue before this CR. This is the reality and consequence of massive share issues and its impact on the share price.

JHH's convertible note issue arrangement which must be settled before October 3, 2023 has the potential to dump another 500m shares on to the market, making sure that there will be continued downward pressure on YPB's share price. YPB has capitalised the interest and facilities charges associated with this loan meaning that the actual payout to extinguish the $1m loan is more like $1.15m.

Since October 2022, YPB has issued share purchase options of 200m to JHH, 450m to the investors providing the $2m and 86m to EverBlu. Fortunately, I can't see any of these options being claimed as YPB's share price needs to be around or more than 0.7c before these options are worth exercising.

It is not clear in yesterday's announcement as to what is meant when YPB says it will use part of the $2m CR to reduce debt. If any part of these funds is used to repay debt, it will bring forward the timing for the next CR, maybe as soon as the 3rd quarter this year. YPB won't have a good story to spin making it all the more difficult to do a CR so soon after a $2m CR, especially when the investors backing this last CR will have had their fingers burnt well and truly. YPB is lurching from a funding crisis, one after another until VA day.

The $30k down payment invoice to Smart-tab Systems LLC should show up in this quarter's revenue figures so it is likely that revenue for the quarter will be around or slightly better than 100k.It will be an absolute disappointment and 'deadly' outcome for YPB if 100k revenue is not achieved. Amen!

YPB is in a mess.