The ONLY amount that can be impaired in this statement is just...

The ONLY amount that can be impaired in this statement is just over 3 million dollars. Out of 42 million that is quite a small amount.

Anyway Investor Relations (The new firm) state that the amount payable by the Chinese has not been impacted. They will still look to receive the other money from the Malay government, I gather they will need to chase the 3+ mil in court.

I advised their Investor Relations guy that Peter should release another report stating that all other unrelated projects have not been impaired. Also to highlight that their trade and services are now over 90% based in China. Obviously many investors presumed that without the Malay government they are near finished, going by the sell off in stocks.

The Malay government accounted for less than 10% of their operations. The Malay gov stitched them up and now they have finally admitted to this fact.

If you have got shares in Nexbis- call the investor relations and look over the release. Do your figures and you will see that this impairment makes 10% different in fair market price. Now the stock is 19c- they must rebuild investor confidence. In the long term they will be fine IF they release to market sooner, have good productservices, keep existing contracts (X Malay).

If they are seriously looking to recreate the company image to investors. They made a good start with hiring Investor Relations and releasing the bad news FIRST. Now they NEED to issue a release to state that there are no other impairments. They claim to have a world leading product in forensic level security, Nexcode. In an age of security fear, let us hope so. Then all is good.

Let's all go to the AGM and give them more than an earful.