YPB 0.00% 0.2¢ ypb group ltd

It is extraordinary that YPB keeps managing to raise funds when...

  1. 655 Posts.
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    It is extraordinary that YPB keeps managing to raise funds when it is just a cash black hole and there is not even the slightest inkling of that ever changing. It is also mind-blowing that a company with so little revenue is listed. I run an options trading business from home that has no employees, is run off an Excel spreadsheet and is not even registered as a proper company, but has 3 times the revenue of YPB. I wonder if I should also sell a billion shares and list it on the ASX.

    Going on what JH has done in the past, my guess is that he will not want to convert the notes into shares, but rather have the notes bought back as part of the next CR.

    I would not like to speculate on whether YPB can get the next capital raising over the line, simply because for some unfathomable reason people keep tipping money in. Since the 25:1 consolidation of the stock, the share price has returned to the original price of 0.2-0.3c (a loss of 96%), yet people supported the most recent capital reason (although JH was forced to tip in cash as well to get it over the line).

    No doubt when we least expect it the market will say "enough is enough".

 
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Last trade - 16.12pm 15/05/2024 (20 minute delay) ?
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