Here's the reality....
Current YPB market capitalisation is $2.23m.
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.
Here's the reality....Current YPB market capitalisation is...
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $1.616M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $40 | 19.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 18038094 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 8578026 | 13 |
View Market Depth
| Last trade - 13.16pm 05/06/2024 (20 minute delay) ? |
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Last
0.2¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.2¢ | 0.2¢ | 0.2¢ | 54500 | ||
| Last updated 11.11am 05/06/2024 ? | |||||
| YPB (ASX) Chart |