Once again it seems that director buying has pushed the price up.
Sadly, their previous purchases don't seem to have been a particularly good indication of prospects.
Usual story - director buying combined with new posters and the casting of suspicion on anyone who posts negatively. Seen it before. Next the bad news...
Plenty of opportunity for that - at some stage they will have to update the market on second half - which leaves plenty of room for bad news what with the likelihood of minimal revenue, possible bad debt provision against China, reduced cash position and impairment of Nexbis asset value.
Hard to know why they even bother trying to prop it any more. Can't see them convincing the market to throw more cash at them...
NBS Price at posting:
11.0¢ Sentiment: Sell Disclosure: Not Held