Ann: Net Tangible Asset Backing-NEN.AX, page-4

The cash backing to support the valuation would be spot on but the market thinks with management and not much to offer and no plan apart from lots of wages that they are worth 26 cents. If nothing happens in 6 months 26 cents will be long gone.

My overwhelming issue is that the directors are currently buying back on market price but telling everyone they are worth much more so if they are worth as much as they say well pay people that much. My opinion is they will buy back as much as possible for as little as possible and then dissolve for a nice 30% profit.

Its morally not right but ASIC and co are easily by passed with smoke and mirrors and a few announcements