NBNK Investments chairman Wilbur Ross says he has met with Crystal Amber Fund, which has built up a stake in the cash shell of just over 26%.
Most of Crystal Amberís stake was acquired at less than NAV.
The shell still has not made a suitable financial services or bank asset. There was a £105,000 cash outflow in the six months to June 2014, and there is still £20.1m in the bank.
At 46p a share, NBNK is valued at £24.7m. The NAV is £20.1m.
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