announcement

So while we are waiting for NBS to come out of announce something, how about we post all of our opinions of what they announcement might entail?

After a lot of reading i believe they will announce that the Malaysian deal is finally completed. As of the 1st of June the biometric fingerprinting system was fully installed in most of the entry, exit points in the country. After a few minor hiccups and traffic jams all now seems to be flowing nicely. So i believe nbs will announce receipt of payment for this system and also ongoing revenue from this product.

The second revenue earner will likely to come from the fingerprinting of foreign workers. There are estimated to be roughly 2 million of these but as of 3 days ago only 530000 had registered so i expect a mad rush to make the deadline. Hopefully they announce a $ amount per person as profit to nbs. Some figures have been thrown around but it is speculation at this point.

Initially back in 2008/2009 Nbs forecast this deal to be worth $60 - $80 million a year in revenue. Fast forward 3 years and after years of negotiation i believe once fully completed Nbs will turnover $100 million a year on this project alone. My opinion only.

I fully understand why there has been a lot of negativity on this stock, but i have been pleased with the way management have gone about its business quietly without making big promises. In their last market update they said they expected the system to be signed sealed and delivered bu June 1. However whilst is hasnt been announced, the system was effectively installed and active on this date. As for the hold up in announcing something to market i believe that has to do with the Malaysian government and immigration department and no fault of NBS. I would rather everything been signed off properly and be a binding agreement for years to come than announce a deal not fully completed(as they did in the past) for the sake of a few months.

Anyway thats all from me, would love to hear All opinions including yours TBE as every body has a right have a say.