long haul, page-30

For newcomers to NBS on HC, the answer to the question, why do non-shareholders post negative comments, is that we are not simply non shareholders, but ex shareholders; secondly, there is a great story being unfolded and it remains fascinating.

hc postings re NBS represent an ideal case for study of the gullibility of investors and traders.

The form is clear, yet there is new enthusiasm each time the company makes another empty promotional financial update about new prospects; the names and places change but the concepts don't.

If punters don't look at the financials or review the accumulation of announcements then maybe they could take notice of other punters' behaviour (apart from that of the eternal optimists on HC!):

As stated in one of my postings last September/October: the Malaysian investment market is as sophisticaterd as the Australian market and their punters are greater gamblers than Australian punters, and NBS operations are based in the area. The sp of NBS has been falling consistently since the August 2009 prelim announcement of results for 2009, followed by the grossly overstated final result for 2009.

There are various types of representation and miasrepresentation by corporate players; NBS is, for a listed company on the ASX, in a class of its own.