>>Cash backing for NBS is presently around 4.5 cents per share....

>>Cash backing for NBS is presently around 4.5 cents per share. Given the complete absence of management credibility, and uncertainty as to whether the company has any significant revenue generating contracts at present, could 5c represent fair value for NBS at the present time?
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I would pay 5c, their lack of respect for shareholders is amazing. My guess is they will not be listed on ASX this time next year. Directors will have a difficult time getting a credible position after the lack of discloser in recent times. IMO