YPBs finances look like the ultimate “house of cards” situation…..everything hangs on by a thread.
Announcement or no announcement, I am surprised that they managed to raise $2 million before costs.
Anyone here tempted to buy more YPB shares on the back of the “good news annoucement” released by YPB?
I used to buy shares after reading their positive announcements… I think I did that three times.
Each announcement sounded so positive and the future looked so promising. Then….. nothing happened. The value of these great deals never materialised and sales never increased. Shareholders (and staff) got screwed whilst John Houston kept issuing himself “performance shares” and / or payhing himself a large salary… what an absolute joke.
Unless there are senior management changes at YPB, the place will remain as it is and IMO, that is an embarrassment and a disgrace.
YPB Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
