I'm an ex NBS holder and occasionally check on the NBS thread.I...

I'm an ex NBS holder and occasionally check on the NBS thread.

I agree entirely with TBE and have admiration for his consistency and dedication to warn others of the canine quality of this stock.

The management have never delivered a real production outcome, and have pulled so many sleight of hand tricks like the booking profit in one year for another project that didn't eventuate.

As I have posted previously months ago, corruption is rife in Malaysia (I had my attitude towards "it" sounded out when I worked for a company in KL), and the operation of Nexbis needs to understood in the context of this pervading culture.

And there has been plenty of it in Australia -and clearly still is: http://thestar.com.my/news/story.asp?file=/2011/7/2/nation/9020092&sec=nation

Like TBE, I also made a small profit from the company, but I finally decided that I was unlikely to "strike it rich" by investing in a company when I had no faith in their fundamentals ...BECAUSE I DIDN'T BELIEVE A WORD THEY SAID!

Even if they do deliver a fantastic system and make a motza ...it's still unlikely! In any case I will never invest in NBS again with these tangible questions over it's ethics.

For the record ...I told them that I would rather be "on the dole" than involved in corruption.

As far a 205005050 goes, I have never seen a post from him that doesn't make him look like a paid company stooge.

But on this anonymous forum, he doesn't care and makes no attempt to disclose his true position in relation to NBS.

Let the buyer beware.

John S.