To my knowledge NBS have never explicitly disclosed the contract counterparty(s) regarding the Chinese contract. The SMH says this is CITP Holdings & to the extent that we have a performance bond in favour of CITP Holdings (Hong Kong) Ltd this is a perfectly logical assumption.
SMH claim that a Anthony Dunlop is a Director of CITP & on these Boards a claim is made that a Anthony Dunlop was a director of TPID Hong Kong.
Now a Anthony Dunlop turns up as the main man in about to be invested in UKI.
Ordinary shareholders are not entitled to demand every detail - but they are entitled to reasonable disclosure to obvious questions. NBS needs to clarify these apparent connections & should have done so pro-actively.
NBS Price at posting:
14.5¢ Sentiment: None Disclosure: Held