Ann: Trading Halt , page-7

here is a thought:
Recent proposed transaction was blocked by the institutional investors. Due to their substantial holdings, they had the power to block it, thus circumventing a transaction which had dubious commercial merit about it to begin with. The proposed transaction may have or could have resulted in significant transfer of value from shareholders IMO.

A rights issue might allow certain parties who are more inclined to agree with NBS' "objectives" to stump up the cash to dilute the above institutions, thus allowing the initially intended transaction to proceed. The insto's now being aware of having made a terrible investment would be reluctant to join in the rights issue.

I anticipate such a rights issue could be taken up by parties familiar with NBS people.

I would also anticipate the proposed transaction will be carried out rather soon after rights issue and NBS might just struggle to see out the year.

All speculation though. It might well be that NBS announces a legitimate and significant contract. Possibly with the Antiguan Space Agency.