mentioned today in afr p.20, page-4

Continued from AFR:

"We've seen it all too often before, where a company fails to deliver on big promises. But everything has a price and Nexbis could become a short-term trading opportuniy at some stage, says one fund manager who used to own stock but doesn not wish to be identified.

Nexbis stock could be oversold and if another shareholder sells out we might buy some[of the stock] as it could bounce once the selling dries up, I wouldn't hold it for long though the fund manager says.

Not everyone has been rushing for the exit.

Fund manager Orbis Holdings has used the share price weakness to add another 4.4 million Nexbis shares to its holdings, bringing its stake to 13.7%

A number of Nexbis senior managers have also been buying stock.

Shares in Nexbis finished slightly higher yesterday, closing up 1c at 19.5c."