NVISO Shenanigan!As per YPB's Preliminary Final Report for the...

NVISO Shenanigan!

As per YPB's Preliminary Final Report for the 2023 year, they have booked a impairment loss of $330k on their NVISO 'investment". The big question is whether YPB ever believed that the it was a sound business proposition or that it was no more than a vehicle to do another capital raising ("CR") because at the end of their March 18, 2023 announcement of the licencing agreement with NVISO, that there would be an immediate CR to raise $2m with "the funds from the placement will be used by YPB for the payments owed to NVISO etc, etc".

The timelines on YPB's share price since the start of the 2023 year indicate that there was deliberate action by YPB to pump up their share price with news of their pull-tab market opportunity in the USA announced on March 8, of that year and the NVISO announcement on March 16. YPB's share price from January 1 2023 until March 7, 2023 hovered between 0.3c and 0.4c. On March 8, on the day of the pull-tab announcement, YPB's share price went to 0.6c. The NVISO announcement on March 16 helped keep YPB's share price between 0.5c and 0.6c, until March 23, when their share price dropped to 0.3c. It would have been no coincidence that the first trance which raised $900k and involving the placing 202m shares to professional and sophisticated investors at 0.444c was completed on March 22. Within a day of their outlay, they had lost close to 1/3rd of their investment!

For the remaining days of March, through April and into July, YPB's share price ranged between 0.3c and 0.4c and currently flat-lining at around 0.2c.

We know that YPB on July 27, 2023 then announced an upgrade to their NVISO licence but that it would require a further payment of $250k but the new agreement would broaden the scope for YPB from just detecting and countering deepfaking of media to use of NVISO 's AI strengths to enhance their Motif Micro package. All of this strongly suggests to me that YPB was clutching at straws and never had a business plan/strong business case for getting involved with NVISO. The proof in the pudding is that by 2023 year's end, YPB booked an impairment cost of the NVISO investment of $330k against their buy-in cost of $370k (ie $350k in licence fees and 10m shares at 0.2c value).

I think that the professional and sophisticated investors who were conned into buying the 202m shares at 0.444c in the first stage of the $2m CR have reason and cause to complain to the ASX, as would anyone buying YPB's shares based on the pull-tab and/or NVISO announcements.

Here is a contact at the ASX Perth branch.

This Ms Belinda Giles has previously done over-views of YPB's announcements and actions as can be read from the link which immediately follows and her contact details.

https://company-announcements.copyright link/asx/ypb/3e19c8ea-601c-11eb-9b84-c691b01126ef.pd

Email; [email protected]

Address: ASX Listing Compliance (Perth) Level 40, Central Park 152-158 St. Georges Terrace Perth W.A. 6000