YPB Group Gets $250k cash boost following legal settlement
- YPB Group (YPB) gets a $250,000 cash boost following a legal settlement to reclaim unpaid revenue
- The dispute was lodged against a third-party contractor that manufactured VariSec foil, YPB’s intellectual property asset, under a revenue-share agreement with YPB
- As the legal action concludes, YPB will receive $450,000 in free cash — $250,000 from unpaid revenue and the refund of a $200,000 security deposit to the court
- The group first launched the legal action back in 2020, with the matter to be fully and finally settled this month
- Shares in YBP are trading grey at 0.3 cents at 12:43 pm AEDT
