Hi All: The price is falling due to 'disappointment' with the...

Hi All: The price is falling due to 'disappointment' with the results or more paticularly no extra cash or divvy. I think the traders who were in (and now getting out) got the wrong half. The June-09 half was never going to have more cash (as no more was due). Nor was a divvy likely. But the market bid up NBS on expectation. All you had to do was read this post for the past two months and it was clear there were traders with large positions. Now theyre getting out i actually feel more comfortable owning the stock as its price now has significantly reduced expectations compared to a few weerks back.

The real half which will determine this story is the coming one, the Dec-09 half as this is the half the cash from both contracts will really start to be received. This cash will fund the dividend. So rerally its still a case of "show me the money" but the money is due this half not last.

If people want to sell down to 40c then this doesnt mean the stock is going to zero becuase its a fraud. Its just the unwinding of expectaitons whihc is actually creating another opportunity. As others have said there is no evidence that NBS won't get paid. Thats the call. My view is that they will get paid.