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Rastuss/adzy - re shorts, if it was Shetty shorting is he likely to have informed anyone?
He/they didn't tell a soul he'd hocked his shs to all and sundry - they could have all been shorting via some instrument.
What amazes me most is that the city, banks in the UAE, EY, FCA and big institutions were all taken in by this fraud.
It was always a bottom feed for me. but I never thought for one minute it was a complete fraud and neither did MW.
Lesson learnt!
Nuri im out. Im still a believer the FTSE will see 4000 by year end. Il reassess the situation then. No work no furlough money tennants cant pay even if I wanted to enter this ponzi scheme I have no funds to.
I'm balls deep in Tullow ....
You must have big cahonies Mrd.... I'd be suicidal!
What annoys me the most is that they played out a pantomime of; everything is fine, we are sueing muddy waters and hiring Freech to exonerate NMC, whilst behind the scenes Shetty+co were secretly offloading their shares and not reporting to the market. Now everyone has fled the country, the remaining shareholders trapped by suspension are left with the burden of this unreported $6.6 billion off balance sheet debt. There is no realistic scenario now except 100% wipeout for all equity holders.
Can the shareholders expect any justice? I suspect the best that can be hoped for is Shetty gets coronavirus and the Buttis are assassinated. The potential recourse of legal action will be limited because of the nature of the crime and the individuals involved.
Mrd - no FCSC dont cover fraud if shares and funds are not ringfenced.... but its been a nightmare... all of my money has been tied up and my shares are down 60%. Agree - NMC is 100% loss... its extremely unfair as shareholders here have not been safeguarded and little over sight apparent.... you out of shares altogether now?
Doesnt svs mean your covered for fraud via fcsc. We have 0 recourse here. Just basically a middle finger there you go.
Mrd - I'd like to say you had bad luck but I think its evenly spread.... all of this has left me counting some amount of cost. Lot of my shares suspended because of SVS insolvency.... I've had awful luck and no doubt you have too. Take care of yourself! You have been a very civil person on many boards
Nearly did kill me.
Laidback im ok... what doesnt kill me only makes me stronger.
Well from tullow went from 300k to 110k. That went in here. Was on at 134k before it got suspended.. so in total full wipeout
How much did you lose here Mrd ?
How is is affecting you?
Yes the volumes have been phenomenal there. The big boys managed to dump heavy volumes on adr. We managed to dump nothing..
It says short interest was 30k shares in April, so I don’t see how that’s a credible explanation.
I think somehow the IIs have found a way to dump their shareholding on the ADR market. No idea how or who to
Is this not shorters closing out by buying stock.
I cannot see any other reason why there is a market. Maybe that's why they left it open?
Maybe we should have a whip round. We could buy the company!!
Shareholders been done here
Big institutions were allowed to reduce
So bent
They obviously managed to reduce using ADR. Why couldn't we ffs.
https://www.investegate.co.uk/nmc-health-plc--nmc-/rns/holding-s--in-company/202004221015014924K/ Wonder why this and the Clermont one do not disclose the price of the transaction?
Just making sure, had good expectations of a return over there, now I have a continuous sickened feeling from 18:45 when my account was nearly wiped out.
Thank you for your answer!
Well zero means your quids in no?
Hello all,
I have been keeping an eye on your conversations for some time now.
In need of some advice, iG just sent this through, and cannot eve think anymore, following a decimation of my account after the oil crush...
At 3pm (UK time) on Thursday 23 April, we will be changing the valuation on NMC Health PLC to zero. This is to reflect an action taken by our broker, based on independent advice.
I currently hold a short on 500, this is the first in my short investment portfolio, do I loose all or get my initial investment back?
Please let me know what can I expect.
Thank you!
Oh god, they need to shut that sh*thole down
Rastuss - yes, it was was Shetty and Bin Buttis, they were getting “margin calls” right up to the day before suspension... I doubt it’s colluding, Chandler just seems a bit stupid, first Sino Forest, now NMC.
Looks like an otc swap agreement... who’s stupid enough to take the other side?