Ann: Change of Director's Interest Notice - J, page-25

re: Ann: Change of Director's Interest No... ABK - don't waste your energy engaging these guys. Morley, TBE et. al. obviously have an axe to grind. Like them I lost money on NBS but thats life at this end of the market. Im a big boy and i dont have to blame others for my mistakes. Like them I didnt have to listen to the hype when the stock was 40c but i chose to. I do a lot of investing in emerging companies and don't see any evidence of fraud in NBS. Yes the company has been bad on shareholder communications (not that they had much to say). Yes I could spend my time looking for peices of data on the net to justify my bagging of the company (you could with any company) but i have better things to spend my energy on. After a long hard look i agree with you that at these levels the company is probably the best value in terms of risk reward it has ever been. Maldives gives the technology some credibility and company has publicly stated Malaysia and China are coming back on line. Still risks but i dont think Dykes and Johann would put that much money in or their friends at Col/Sun Hung Kai (who are also Dato's) in unless they were confident. As I said there are always risks at this end of the market and things generally take longer than expected and can go wrong easily as with NBS but that doesnt make it a fraud. In fact Ive made a lot of money trading situations like this.

Like you i have bought quite a few at the 7c level and anyone who did is already up a good percentage. as you said in a prior post if the price collapses and it is fraud then well take our hats of to the detractors but if it does what i think then well have the last laugh and the detractors in this forum will only have done what they complain nbs do - i.e. led people up the garden path.

No point in arguing about it. Time will tell and we shall see.