Good summary of the situation with this company TBE. A very...

Good summary of the situation with this company TBE.

A very important thing for people to look at is the massive market cap of NBS at over $74 million. Then ask whether a company with no revenue, consistent huge negative cashflow and low cash reserves should really be trading at this level. These silly announcments about "project updates" have been coming out for years and nothing ever happens. Even if they do have a test system in place in Malaysia, what's it worth? The answer is no one knows. Extremeley unlikely that it justifies even a tenth of the current share price though.