I'm not claiming, and have never claimed, that the cash won't...

I'm not claiming, and have never claimed, that the cash won't come in. What I'm saying is that it is a highly dodgy contract and that the debtor is at a much higher risk of default than what NBS management and the auditor have led the market to believe. So while the China contract does not look promising at all, the cash (or perhaps some cash) theoretically 'could' come in any day; this is why the sp is at 22c and not 2c.

However, it is my judgement that, given NBS management's flagrant snubbing of continuous disclosure requirements, only a fool would invest or even trade NBS without unambiguous confirmation of substantial cash receipts.