From Morgan's on 21 August 2009Nexbis - "Show me the money""NBS...

From Morgan's on 21 August 2009
Nexbis - "Show me the money"

"NBS (formerly ETC) delivered an impressive P&L result, broadly in line with guidance. But the cash flow, which was the market’s focus, was very weak and did not validate key contracts. Timing issues were expected, however poor shareholder communication has made us and the market nervous. Hold."

If the Directors are not letting on and telling the full company story or you are told porkies, it becomes difficult to analyse anything.

Morgan’s analysis appears to be based on publicised information.

The same week as Morgan’s research came out another broker changed their recommendation from BUY to Spec. BUY'

Brokers were fooled as much as the rest of us.
The real criminals are ?
VOTE your AGM ballot papers !