Here goes YPB again making an announcement aimed at pumping up...

Here goes YPB again making an announcement aimed at pumping up its share price ahead of its $4m CR this month.

IMO, YPB's involvement in the USA pull-tab market will do little to change their (mis)fortunes. No, YPB won't be making billions, let alone millions from this adventure.

The quoting of a $65b USA market for instant lotteries is misleading to the extent that YPB is trying to connect their potential to what has been spent/lost by persons buying these instant lottery tickets. It is like saying that in Australia, the poker machine market is worth $11.4b because that's what was lost on poker machines in 2022, when in fact according to the IBIS World Market Report, the gaming and vending machine manufacturing and market size in Australia was $485m in 2021 and that includes food, drink and all other vending machines.

Another reality check-extracted from Pollard Banknote Limited Annual Information Form, dated March 9, 2022 in which they claim to be one of the leading providers of product and services to the lottery and charitable gaming industries throughout the world, and the largest provider of gaming products in North America. They also note that in the USA pull-tab tickets are permitted in 39 states. further "management estimated that the annual dollar value of pull-tab ticket and bingo paper sold to distributors in Pollard Banknote's market is approximately $200m and has remained stable for many years".

Amen.