Naibu (NBU) was a fraud from the day it joined the AIM Casino in April 2012 thanks to disgraced Daniel Stewart (DAN) but a careful analysis of the subsidiary accounts of the City Crony Capitalists shows the stink is even worse than we imagined.
We demonstrated that Naibu was a fraud from pre IPO on a number of occasions but notably when exposing the undeclared criminal record of CEO Houyan Lin (HERE) and also the undeclared debts on the balance sheet (HERE) In fact the whole company was a fraud from top to bottom which is why CEO Houyan Lin has been in prison since November last year (not that Daniel Stewart warned investors) and why the shares have now been booted off the casino altogether.
The Daniel Cesspit subsidiary