NBS 0.00% 9.9¢ nationwide building society.

Ann: Trading Halt , page-31

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  1. 128 Posts.
    NBS would like to announce a contract to supply its unique ticketing technology for use in all Tuk Tuks in Bangkok.
    The NBS Managing Director stated " Tuk Tuks are the most widely used transport in BAngkok. We anticipate 2 million Tuk Tuks will be fitted with our unique technology, and revenue generated will be in the order of $50 million per annum. We expect the revenue to commence early next half, but in the meantime will be conducting a capital raising of $50 million for unsophisticated investors to expediate the process. we believe that the fitting of Tuk Tuks opens a major new revenue stream for NBS. We have already received interst from jeepny drivers in Manilla, motor cycle taxis in Vientiene and cycle taxis in Dili."

    Sorry to current holders for the above. I like many others have been burnt by this lot, but managed to get out with only a small loss.
 
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