richee - im in the same boat. sitting on losses and when you see...

richee - im in the same boat. sitting on losses and when you see the price fall the way it has in the past few days one asks oneself should i just sell and move on.

we are all aware of the 2 schools of thought. one says this company and its product are a complete fraud and get out at any price. the other says that yes the management have been poor communicators and things have not gone so well for the company but this is often the case with start ups and the company is on the cusp of delivering what it originally promised - Malaysia and China.

Whilst I realise there are still risks i am in the latter camp. Been thru the valley of death on this one so if ive held to now i will stay with it. i dont think the company or its product is a complete fraud and point to the following ...

1. recent announcements by NBS and press comments from Malaysian govt. indicate its on track.
2. China restructuring appears complete with testing underway.
3. Maldives uncertain but not companys fault - appears political.
4. based on 1-3 there is a good liklihood the compan will be invoicing before year end and we should know whether it will get paid soon after.
5. new round of Asian investors who probably know a lot more than us. the md may be happy to ignore us but i dont think he will want to upset the new investors who appear to be well connected, influential tycoons from his own country.

As i said still risks but heck i think its better to be asking when will malaysian/maldive payments start and when will china testing be complete rather than will malaysia come on track and why no news on China (as we were 6 months ago).

Stock is suffering from lack of investor interest. in other stocks of same situaiton this can change overnight and for NBS investors may need to see cashflow for a solid rerating. but this could occur.

I have had as good a look at this company as one could. As i said no guarantees but its looking far better than it did and if they kick the goals the share price will reflect this. its just that with stocks like this you sit there waiting for a long period of inactivity and then if all goes ok you get a strong rerating over a short period and often from a low point.

any one else care to comment?