You are basically right there Ousia - although maybe slightly positive in one regard:
##punters should not believe what NBS says until NBS's auditor has confirmed the requisite cash receipts from said 'contracts'. ##
The China 'contract' shows that portions of cash received will or may happen, with the supposed nature and volume of the contract nothing like what initial indication would have inferred.
Hence even receiving some cash for this company doesn't solve many concerns.
MJS
PS. Some supporters might say 'more negative posts from non-holders and why do they keep posting and following NBS anyway'. From pure surprise (and interest) at the scale of what I've seen is the answer for me. I've never shorted in my life.
NBS Price at posting:
10.6¢ Sentiment: Sell Disclosure: Not Held