I still have my concerns with the lack of details in the announcement. IMO the market normally perceives director buying as a show of confidence in the company so why not ramp up the company now so people can buy in whats 250k when millions are at stake.
BTW ousias theory mentions that directors buy up to ramp up the price. than again that is only a theory of how he would go about and do it.
yes I am cynical with everything that happens with this company i have a small holding that keeps on going south and while I can get out and take my losses I am staying around to see what if any additional information will be provided before the 30th March.
I hope you are right and the director is buying because he believes in the company only time will tell.
NBS Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held