Ann: Nexbis to Commence Malaysian Project , page-15

Richee: I am quite hopeful too. Malaysia looks like its proceeding and will be much larger. though ill be happy when the agreement is signed. China also looks like its going ahead with NBS in control of the JV and consolidating its earnings. China would be massive. Maldives is being implemented. If all these come off it could be huge for NBS.

Whilst the company's prospects actually look as bright as ever one must consider the allegations raised by others on this forum that NBS is a fraud.

The way i look at it is look at it is that under the prior MD/Chairman the company announced deals which were not locked in. Vietnam announced too early, Malaysia announced before there was even budgetary approval and China was presented as a lot more than just being a supplier to a 'dodgy' jv. Stock was flying and prior MD/Chairman sold out and resigned. Say no more.

New and current MD had been with the company during this time and was not responsible for those announcements actually bought shares. I have seen in prior posts some claim these were fictitous transactions designed to con us all into buying but i haven't seen any evidence of this which leaves me with the conclusion that the current MD had/has faith in the company. Whatever the case he inherited a mess.

Whilst current management didn't come out and state how bad things were they did say they were confident they could get Malaysia back on track. They also said that China was not dead and that there were other potential contracts. Whilst there are still no guarantees it increasingly appears they may not only be delivering on all these statements but that the company has successfully restructured both Malaysia into a far larger contract and China into one where NBS will control the JV and consolidate earnings.

Not out of the woods yet but its starting to look good. As for the detractors who keep stating the company is a fraud i don't see any evidence of that with the current management. current management can't be held responsible for statements from past management. yes they may have been clumsy with shareholder communications.

im sure the detractors disagree but i suspect with all their "sell" recommendations when the share price was 7c has done nothing but lead others who listened and didnt take up their rights up the garden path. If so that will be exactly what they accuse the company of doing.

time will tell and we shall see.

good luck and go NBS.