Ann: AGM Presentation , page-2

Please read this report, and compare with the last 3 years of AGM reporting.

NBS caught my eye again last few weeks after I promised myself never to get involved with them seriously again. Even though their new issue was so heavily under-subscribed I thought there could be a quick buck to be made as long as I did not hold longer than a few days. However reading this AGM report, filled with the same stuff as the last AGM reports and before... Always promising revenue in the second half, promising new contracts, what is a financial report? They emphasise no debt (they just sell more shares each time, how would they borrow money without financial reporting accountability even their auditors doubt). How much of that cash will be burned on directors remuneration this year?

I read here from time to time all nay-sayers get punished severely. Buy if you want to, it is a good punt if they can go up 20% in less than a week. I to could still be be tempted on the right technicals. I just wanted to say compare this AGM with the 3 previous, and see what patterns you find.

I would love the NBS ideas to work and generate revenue and build a good solid company. I just want to see some revenue booked, real revenue, cold hard cash, that adds up in their accounts and lasts until the end of year financial report. If they do then the price will go up a long long way, and grow steadily over time. I see no reason to try and jump in at rock bottom now, when the price could just as easily halve as double.

Anyhow, check out the last 3 years of AGM reports.