Ousia you are a champ.
I refuse to accept those bagging you have anything but an agenda to push. Keep posting and well done. KNow that you have saved many on these boards of losing tens of thousands of dollars with your reasoned posts.
March09 and Morley, you were both fairly bearish to begin with, but never did you come across as unreasonable in your opinions. They were simply facts as you found them.
I was VERY bullish on NBS. But I never disregarded the issues that became more and more evident as time went on, as more and more uncertainty crept into the story when as each milestone passed, there should have been less ambiguity and greater investor confidence due to management delivering.
You can only give a company so many chances to deliver.
SO many opportunities to fill investors with confidence and they failed on each and every occasion.
You don't invest on hope. You invest on confidence when the facts line up. We don't have the facts here. It would seem management have held back the bad news as long as possible.
How long can they insist on being a legitimate operation with the prospects they claim before it all goes wrong?
Do they really have 14million in cash on hand? How much of that have they spent?
Do they really have a contract in china/malaysia and with which entities?
Every confidence trick in the book is being played on this one, including internet rampers and selective feeding of information that half turns out to be right, but is of no consequence.
We are in november now, so the work they would have performed in July is also past due and they still haven't received the cash from the last financial year.
This remains a SELL. Get out now while you can still get double digits for your stock.
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