re: Ann: Change of Director's Interest No... As I've stated...

re: Ann: Change of Director's Interest No... As I've stated before, I find it extremely interesting to follow this stock like it's a soap opera. This company has all the hallmarks of a Nigerian scam, except that's it's listed on the ASX. Money is recycled through "profits" (and I wish I could make those quotation marks bigger) into investments in intangibles (which are of course subsequently written down), and not a single "contract" has ever come to fruition.

I recommend any new investors looking for inspiration on this forum to read back a year or two. Even better, just read the ASX announcements from that time period. Aren't NBS supposed to be bringing in AUS 40m a year from China. Something like that from Malyasia too? Aren't there over a BILLION dollars of deals in the pipeline? Doesn't this worthless Trustdefender thing have X many tier 1 or tier 2 (whatever that means) banks interested in there technology (which even in their annual report was valued at zero, even though they paid 15 million).

Instead, they've given away their cash to mysterious related entities and continuingly pay themselves from leftover funds from capital raisings, and are trying to continue that trend. Anyone know what the 36 million transfered to some Chinese company was for? Oh well, at least the directors have some cash spare to purchase a few shares. Anyway, back to the money transferred away - the Auditors couldn't explain it either. The same auditors that refused to sign off on the value of any of these intangibles, and expressed concern that NBS would be able to continue as a going concern.

Buyer beware has never applied more. The warning signs are more than apparent - they are blatantly obvious.

I don't give recommendations of course, but my personal opinion is that since I don't send my money to Prince Obaginawa from Nigeria who wrote me an email in poor English, then I also have the brains to avoid NBS.

Happy times :)