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Doddle
You have to forgive him he has a chip on his shoulder as long as the forth bridge if only he could turn his efforts to some use as he is obviously an intelligent person
Rastus
if they are advising discontinuation then why is there 458,000 shares traded most of which appear to be buys surely everyone would be selling
Rastuss is the biggest c0ck sucking mofo in the world.
Sorry there appears to be a delay in posting that's why I wrote it again
Mrd
It seems quite simple to me,all the banks will testify and tell the same story over and over again how the accused falsely and without the boards backing obtained money from all 80 of them
The board of directors will back this up that they acted in their own self interest and not on behalf of the company
The Freeh report hopefully will put all the links in place as to the perpetrators
What is their defence
Mrd
It seems quite simple to me all the banks will tell the court the same story that they were given the same false information by the accused to be let money
The board will testify that they did not sanction or give authority to the accused to make the transactions on their behalf and they did so for their own gain
Freeh will back this up that the company has got massive debts and will trace it back to the accused
Where is there a defence
If it hits 10$ i will take note it was 6$ last month
Where has the fraud taken place
Is it UK as it's a listed company or is it UAE whose banks have lent them the money
If the banks want to try and get their money back surely the Freeh report which has took 4 months would explain how it happened and would be usefull for them rather than to do their own investigation
When you've stolen a few billion imagine the lawyers who defend you... they need a whole taskforce to get it back. SFO's budget is probably 100 million a year. The best ppl to trace it and get it back is the banks
Anybody watched Quiz on ITV
Somebody steals 1m on who wants to be a millionaire,its all over the news and papers and police involved straight away,but someone steals a few billion from a company and nothing happens
We will never get freeh report. They dont even have to give us full year report anymore. However the administrators have to let us know what they are doing in around 4 weeks. I trust them more than the previous useles board.
Incredible over on ADR. Absolutely mind blowing. It was above $6 at one point! :)
Back down to $4.5 live on cnbc. Il take that than 0p anyday....
ADR just smashed $6 mark, unbelievable price and volume action over the last couple of days!
Why is ADR still trading if all is lost here?? If the company goes into admin, doesn’t it automatically mean that it’s stocks stop trading on all global exchanges?? Maybe there is still hope here and this will come out of suspension, perhaps they’ve established that additional debt found has nothing to do with NMC, since board didn’t know about it or approved it!? Where is Freeh report BTW? Seems like market like the board changes and the times article which alluded to the fact that the administrators would like to use the existing listing to raise funds via rights issue etc.
Why is ADR still trading if all is lost here?? If the company goes into admin, doesn’t it automatically mean that it’s stocks stop trading on all global exchanges?? Maybe there is still hope here and this will come out of suspension, perhaps they’ve established that additional debt found has nothing to do with NMC, since board didn’t know about it or approved it!? Where is Freeh report BTW? Seems like market like the board changes and the times article which alluded to the fact that the administrators would like to use the existing listing to raise funds via rights issue etc.
Adr up to $4. Lets see what happens. Still not getting my hopes up high.
Adr up mahoooosively... maybe rastuss can explain that its shorters trying to close
Doddle totally agree. This is far from over. If it was the administrators would have liquidated the Company. I think we'll be just fine here, may take a while but we'll definitely trade again IMO.
Seems like it’s going to come out of suspension and they will go for debt/equity swap and rights issue under the current listing, I don’t see any other reason why ADR is up 90% today and currently trading at $3.30. Someone somewhere know something that we don’t.
Rastuss if you value equity at 0p then debt for equity cant happen! If they value the equity at 0p then no way will they able to just set up another company and give it value!
Rastus shares are worth 0p rastuss also says shorters payin $3 to close. Makes perfect sense.
Im not on Fb group. Rastuss. Shorts closing? Is that the best you can come up with?
Ha ha he loves rubbing peoples faces in it.
You on Fb group?