Thanks for morely & legume for clarification of the contract...

Thanks for morely & legume for clarification of the contract name.

I spoke to David Mair of Republic Consulting today about revenue flows from the Chinese contract. He explained that the roll out of the contract is done in batches - so roll out is done by province or group of provinces, ... so revenue pattern that we have experienced; ie a burst followed by famine is to be expected. I did not get into when next batch of Nexcode print will occur but in absence to news to contrary we are entitled to assume that a fair chunk of $200m money is still to come in in the next 4 years.

The explanation seemed reasonable, but I made the point I could see no reason why NBS could not have explained this point many months ago, or did everyone understand this except dummy me? I further alluded to fact CEO at AGM said communications with shareholders had been terrible & it was point they were going to work on ... there is no evidence that this is being done. David Mair said he would convey my concerns to NBS - he also indicated likelihood there would be a response to todays SMH articles.