Adding the $500k that JH is about to put in, this brings JH's cold hard cash contribution in the last 15 months at about $2.15m (assuming that the $1m convertible note issue with interest charges of between 16.73 and 17.48% has added another 150k to that amount to be repaid).
JH and entities under his control are owed an amount so close to YPB's market capitalisation- he is owed almost as much as the company is worth.
JHH, an entity under the control of JH has a charge against all of the assets of YPB, and come October 3, could exercise its rights by seeking repayment of the loan rather than a swap of debt for equity. With YPB having no hope of paying out the convertible note issue, JH could bring on a VA.
YPB Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
