I've been out of town recently, but I don't think anyone posted...

I've been out of town recently, but I don't think anyone posted this 30 Jan article on the Maldives contract (apologies if I missed it in my quick scan).

"Nexbis to Seek Legal Redress for Irreparable Damage to Reputation and Brand Name"

I thought this article contained a number of interesting comments from Nexbis that probably should be explained more clearly to shareholders. In particular, I was interested to know that "Nexbis noted that the system and related technologies to be installed in the Maldives have been implemented in over 100 locations worldwide including the Americas, Europe and Asia"... I'm just wondering if Nexbis could confirm whose system they are implementing and outline some of the sites where it is being used. Also, assuming they are implementing a system belonging to another company, how would this affect their expected profit margins? Or do they just mean that they are copying systems used elsewhere?

I was also impressed with this comment from them: "Nexbis shareholders own and manage multi-trillion dollar assets globally and will not jeopardise their reputation for an investment return". So they are mounting a legal case, funded by NBS to protect shareholders reputations? Surely this cannot apply to all shareholders, as I doubt they know the assets of all of them, let alone whether they have suffered harm to their reputations as a result of the Maldives contract corruption claims. Also, no mention of Directors and Management reputations... but perhaps they feel they are adequately covered by the mention of Shareholders.