a good summary of sentiments and direction

Confession time for Criterion.
Expressing the feelings of many holders and now ex holders.
Is NBS heading towards RBS Morgans 14c valuation?


• giving up on the stock because of the company's opaque disclosure.
• suspicions emerged about whether the company was receiving progress payments from the Malaysians
• it became apparent all was not tickety-boo in Malaysia
• Fears were confirmed when the final profit statement showed a mere $3.3m of revenue from Malaysia
• Nexbis last Thursday broke its Zen-like philosophy on disclosure and admitted a "temporary halt" to the project
• no mention of legal recourse or compensation,
• we wonder whether Nexbis had a contractually binding deal
• Chinese project – “We're not holding our breath”
• ….. we do not share management's confidence
• Most analysts have given up on the stock
• Intriguingly, there are still investors willing to bet on this one,
• We now rate the stock a sell.


Today's story from CRITERION: Tim Boreham
http://www.theaustralian.news.com.au/story/0,25197,26301570-23634,00.html


Dykes appointed a CRISES MANAGEMENT duo last week !
Ask yourself WHY ?