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Stewarts Law seem reputable - everyone should email supson@stewartslaw.com
Flood his inbox with as many emails from you all as possible.
I created a poll.
https://www.surveymonkey.com/r/HZHXVSS
It would be good to know how many shares in total are owned by everyone on this board. This information can then be passed to the lawyers. They are more likely to pursue the claim if the aggregate amount lost is larger. I will share updates results. Please everyone answer the survey honestly, it’s completely anonymous.
No deos. Lets see what they can claim back from the stolen money. Might aswel forget this now. We may get 10p a share as a token gesture in 6-8 months.
I reckon they planned admin months ago
It was all a smokescreen
When they are sold which they will be do we get shares in new company
Adzy maybe you can answer me. When will this go to zero p! Or when can we close out of this so I can close my account. When will the shorters get paid out?
I have emailed
nmchealthgroup@headlandconsultancy.com
info@stewartslaw.com
No because they all assume the $2.1 billion was their debt.
“In Administration, the existing Board of Directors of NMC PLC cease to have decision making powers with immediate effect.”
Thank god for that.
Also this below quote seems strange to me:
“ADCB has “never provided unsecured loans to NMC’s principal shareholders,” it said in a statement.
The Bank’s assessment of NMC was based on financial statements published by the Group, which were audited as a listed company since 2012.”
So why did ADCB never question why any their $1bn of debt wasn’t on NMC’s balance sheet?! Only explanation is that it was take out after 30 June 2019?
They still deciding if they go after NMC be useles. We need the previous directors to go on line for $5 billion plus interest
Let’s reach out to these guys - https://www.stewartslaw.com/news/nmc-health-plc-investigating-potential-shareholder-claim/
NMC Health Share holders action group
Rastuss maybe you can answer. My accounts still show 134k. When will they say 0p so I can close out! Or will I be holding this indefinitely? Even shorters cant close out.
Who cares 6.8 billion 25 billion
I only have nmc suspended shares in my account. Costs me money to keep account open!
So officially still no closure. Lets hope these guys are better at chasing the lost billions than the last guys.
Are we still on hold! Why cant they just say 0p and let us close this nightmare.
So this is officially in administration. Where does that leave us shareholders in our accounts?
Shettys whole brs ventures was funded by nmc.
They been siphoning off for years. And the stupid banks never put 2+2 together!
Hello
Can I join the group too please.
How do I do that?
Thanks
I just can’t see how you can hide $4bn of illegitimate debt across 80 institutions for very long. No matter how sophisticated Shetty and Manghat were, there’s just bound to be have been some leak quickly, which leads to be believe the debt was taken on recently (last one year max) to help expand their empire into India. Maybe it was a mad off like ponzu scheme where they used new borrowing to pay old borrowing... The Indian banks have been very quiet but I do think the remaining $2.5bn belongs to them. NMC need to publicly disclose all the lenders, amounts, and details of the debt. They know it, so why haven’t they released the information?
Will carry on trading and the shareholders been raped.
So all nmc had to do was fake more interest payments and this woulda gone on longer!
No one not even muddy assumed a $4.+ billion fraud.
Rastuss - yes they discovered a discrepancy, so did James @ Jeffries, but nothing their estimates suggested ~$300m extra debt than nmc had stayed. I guess that turned out to be the first $335m off balance sheet facility they discovered. How was the other $4bn of debt being serviced? Also remember if it’s Arab banks then it might be Islamic financing and I don’t think they have the same traditional interest mechanism as western banks.
The rulers of UAE had a close relationship with Shetty, they need to work with the Indian government to bring Shetty back and reclaim the money. This makes abraaj look so minor. That guy was jailed so let’s hope Shetty is too.