Ann: Private placement A$1.5 million completed, page-4

What should not be overlooked (apart from seeking a place in the Guinnese Book of Records) is the wealth creation JH has created for himself through all these years. With the $2.25m of loans provided to YPB at at interest rate north of 17.5%, JH raked in almost $400,000 per year from interest charges alone. JH then as the lead manager for both YPB and his JFHH and Bimm Corporation entities, he re-arranged the conversion price down to 0.15c and thus has "bought" 1.5 billion of YPB shares at a substantial discount (better than 25% discount) on the current YPB share price. If JH were to sell the shares received in the debt for equity swap, at the current 0.2c share price, he would make a further $750,000 besides receiving 500 million free standing share options.

It is a sad and sorry state for all shareholders other than JH that since the share consolidation in April 2022, which saw the number of shares drop from over 10 billion to 400 million, and double to 800 million at the end of June 2024, the number of shares issued will explode out to at least 3 billion before the end of this month (800 million, plus 1.5 billion for JH and 750 million for the sophisticated investor).

...but not a sad and sorry state for JH!