Absolute devastation of shareholder wealth for anyone who bought YPB shares at IPO 9 years ago.
At IPO, YPB shares were at par value, or 20.0c.
Not that anyone did, but if that person bought $1m worth of YPB shares back then at the IPO issue, upon this second consolidation where the share price is expected to be 2.0c, that $1m investment is now worth $400.
Here is the arithmetic...
$1m at 20.0c bought 5m shares.
The March 2022 25:1 consolidation saw the 5m shares become 200,000.
This coming June 10:1 consolidation shrinks that 200,000 to 20,000 shares.
YPB is hoping that at this consolidation, the share price goes to 2.0c.
20,000 shares at 2.0c comes to $400.
For the record, as at December 31, 2023, JH including his entities JFHH P/L and Bimm Corporation have been divesting of their YPB shareholding in significant chunks and at that time, they were down to 141m odd shares.
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Absolute devastation of shareholder wealth for anyone who bought...
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.641M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $1.2K | 1.2M |
Buyers (Bids)
No. | Vol. | Price($) |
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58 | 128471948 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 85662287 | 25 |
View Market Depth
No. | Vol. | Price($) |
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58 | 128471948 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 85662287 | 25 |
0.003 | 8778477 | 21 |
0.004 | 6046446 | 6 |
0.005 | 2628859 | 9 |
0.006 | 900000 | 1 |
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