What a mess! This is no more than a distraction to draw attention away from YPB's massive failures, In YPB's authenticate and brand connection solutions it is clear they have products and solutions they can't sell because nobody wants them and they have to come up with other reasons to justify this current $2m CR. With both the Smart-tab pull-tab exercise and now the NVISO licence agreement, where are the businesses cases that support YPB's decisions and what if any due diligence was done.
In the case of the NVISO licencing agreement, all the risk is with YPB. Within 30 days of now, NVISO would have received a downpayment of $100k plus 10m YPB shares for NVISO allowing YPB access to their software platforms.
If and when YPB develops their deepfake detection development they are looking to sell it online meaning they don't have an established route to the market. Meanwhile, at least 2 big-tech companies with massive resources and access to users in Microsoft and Intel already are offering deepfake authentication solutions.
Intel Introduces Real-Time Deepfake Detector (November 2022) As part of Intel's Responsible AI work, the company has productized FakeCatcher, a technology that can detect fake videos with a 96% accuracy rate. Intel’s deepfake detection platform is the world’s first real-time deepfake detector that returns results in milliseconds.
Deception due to deepfakes can cause harm and result in negative consequences, like diminished trust in media. FakeCatcher helps restore trust by enabling users to distinguish between real and fake content.
There are several potential use cases for FakeCatcher. Social media platforms could leverage the technology to prevent users from uploading harmful deepfake videos. Global news organizations could use the detector to avoid inadvertently amplifying manipulated videos. And nonprofit organizations could employ the platform to democratize detection of deepfakes for everyone.
New Steps to Combat Disinformation (Microsoft) Sep 1, 2020 | Tom Burt, Corporate Vice President of Customer Security & Trust and Eric Horvitz, Chief Scientific Officer
Today, we’re also announcing new technology that can both detect manipulated content and assure people that the media they’re viewing is authentic. This technology has two components. The first is a tool built into Microsoft Azure that enables a content producer to add digital hashes and certificates to a piece of content. The hashes and certificates then live with the content as metadata wherever it travels online. The second is a reader – which can exist as a browser extension or in other forms – that checks the certificates and matches the hashes, letting people know with a high degree of accuracy that the content is authentic and that it hasn’t been changed, as well as providing details about who produced
In this 'race' I know which horses I would back, and it's not YPB.
As for the CR, it needs to be looked at in the light of the impact of dilution of existing shareholder interests. The dilution of share price will be massive. Currently, some 416m YPB shares are on issue. With this new CR another 450m shares gets issued plus a very large number of options.
When JHH exercises their Convertible Note debt for equity swap which must be settled by October 3 this year, that requires a share issue of around 500m.
Within a very short period we are going to see a massive blow out of YPB's issued shares from 416m to well over 1.3b, a more than threefold increase.
There is no way this can lead to YPB share price increase even if these new adventures are successful.
YPB is a mess and it's an even bigger mess for its shareholders.
YPB Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
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