Ann: A$2 million Placement Fully Subscribed, page-7

The market hasn't taken kindly to today's announcement, with the share price now at 0.4c which is below the CR price. Pressure on the share price to fall can only increase due to the dilution effect of all the hundreds of millions of new shares being issued under the CR.

What will the share price be tomorrow... any bets for 0.3C?

YPB's current cash burn rate of $250k per month will accelerate throughout the remainder of 2023 due to the NVISO deal and the $2m CR won't last out 2023 and they will need another CR this year.

It is unlikely YPB will be able to reverse the downward revenue trajectory and JH is dreaming if he believes YPB will get any revenue from the NVISO deal in 2023, or be saved by the pull-tab lottery contract. Both of these will use and tie up YPB's cash and manpower resources to the detriment of revenue growth at a time when it is so badly needed for survival.

Incompetent management, poor business strategy if you ask me!