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.
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¢ | $1.2K | 1.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 128471948 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 85662287 | 25 |
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| Last trade - 10.02am 23/08/2024 (20 minute delay) ? |
| CDE (ASX) Chart |