speculator mention... again, page-2

currently doing a roadshow looking for money i believe to buy the other 32% of nexbis they dont own. might explain the speculator ramp.

if they are so confident of their jun 09 profit after tax figure of 49m why cant they inform us how much is coming from the nexbis application.

the $49m figure i believe is nothing more than a pump in order to raise more funds and keep the share price high for those to sell out who bought at 20c (4c prior to consolidation).

mind you they havent even fully installed nexbis yet in malaysia other than a small trial , what happens if it doesnt work as well on a large scale plus there is no mention on what is the cost of setting up the system or who is resposible for maintaining it.

got to be sceptical when the current owner cant wait to sell nexbis to etc. current owner will get most of the $60m in cash. why spend years developing the technology when someone else gets to enjoy the profits. I can only suspect the seller is in financial distress or they have seen a competitor with a superior product to theirs.

what are the required R&D expenses required to maintain leading edge identity technology. the life span of the nexbis application surely can only be limited to several years before other superior identity products are needed to released.

look i might be completely wrong on this but when the share price (market cap up to $200m) already prices in success of its 68% owned nexbis application when it isnt even installed and working you have to wonder.