nothing is what it seems with this company. Everthing seems to be geared as a confidence trick, from the government endorsements, minister photos, certification, directors buying, "revenue", contract wins etc
This is a very poorly run company, which is why there is so much hanging over it.
Why haven't they been able to deliver profitable contracts? Why haven't the contracts they have claimed materialised? Why are they paying millions to a company which is days old, which effectively capitlises it at 90m? Why are they branching into new products/businesses when they don't yet have an existing one generating earnings?
I cannot be certain that the directors are buying with their own money, just like we can't be certain that the money being paid to UKI isn't the money NBS booked as revenue 6 months ago and effectively being "returned".
Everything is murky. Everything. The accounts, the "contracts", the "revenue", related party transactions, TPID, SAddington relations.
SELL this dog.
NBS Price at posting:
14.5¢ Sentiment: Sell Disclosure: Not Held