nbs accounting - don't ignore the intangibles, page-11

Thank you for your post. Just a couple of comments/observations.

NexDollar,
>>It will will interesting to see how the Malaysian Chairman & CEO handle all this…….I am not sure if Malaysian contingent will make of some Oze style pointed hostile questions? <<

It is not a given that the Malaysian Chairman of the Nexbis Board will be chairing the AGM.

The Board can appoint an alternative person as chair for the duration of the meeting.
After all the nonsense the board have presided over, they may choose to appoint ‘a strongman’ with experience in keeping shareholders in-line and limit questions allowed/question time.
As an example, such a person could be an external company lawyer. Seen it all before.

>>the Republic Consulting Crowd do not even have the courtesy to acknowledge<<

Take this scenario in relation to the Republic Consulting Crowd.
Peter James Dykes is the only Australian based Nexbis board member. He is not interested in fielding questions from agro shareholders and at the same time give them the opportunity to express their disapproval about his recent appearance in court.

Solution:
Outsource the process of dealing with shareholder calls (and perhaps also the press)

How:
Engage a “Communication & Crisis Management” crowd
(that is the Yellow Pages description of the Republic Crowd)

Instructions to the consultant:
1. Do Not return calls.
2. If some shareholders do catch you say little to nothing of substance.
3. As required add a helping of BS.


jayinaussie
>> Orbis should be at the AGM, I hope they have something to say...<<
Orbis may be there. Very unlikely they will be making harsh comment if they say anything at all.
That just isn’t the way fundies work. They use different avenues to get their points across.


Richee
>>is there any positives that can give some reassurance to those sharelholders who still believe in the company<<

Definitions of denial:
“Denial is a defense mechanism in which a person is faced with a fact that is too uncomfortable to accept and rejects it instead, insisting that it is not true despite what may be overwhelming evidence”

- Nexbis may have some firm contracts – they may not, who knows ?
- Nexbis may be paid – then they may not, who knows ?
- Nexbis have cr@p management – that we know !
- Nexbis have lost investor confidence – that we know !
- Nexbis is only one of the 2168 companies on ASX – that we also know!
Check here if you like: http://www.asx.com.au/asx/research/ASXListedCompanies.csv

Perhaps, with some solid DD, will be able to find another horse on ASX.
A horse that will see you live your dream of becoming Richee Rich !

Good luck.