>>1) Nothing in today's announcement changes the fact that,...

>>1) Nothing in today's announcement changes the fact that, assuming the TPID SEC filings are accurate, NBS management have willfully misrepresented the identity of their China counterpary and the risk profile of this counterparty. If true, this is a serious breach of the corporations act.<<

I have ASX and ASIC looking into the above, as well as other issues I have noted in my ongoing complaints. As I only bought into the company based on comments made by Nexbis in relation to representations, and low risk profile of debts.

As well as taking additional civil action as required. I believe we need the saga to play out a little longer before we can comfortably confirm that management intentionally mislead investors. Although we have quite a bit of evidence currently... They could still claim they were deceived by the China counter party. When events transpire that it has obviously been for their own benefit. Then civil action can comfortably proceed for those who wish to make a claim for loss. In particular, Orbis.

In relation to No 6, are you implying that certain brokers may have been given a head's up to sell out of their position, in an attempt to buy vote's. Interesting...

Thanks again Ousia.