Member Info for adzy2k11

MrRahman - that’s just the risk you bare and have to learn to understand when investing in equities. It’s what you signed up for. If you didn’t know shareholders are at the bottom of the corporate food chain then I’m afraid you should not be buying stocks.

Amazing how nobody is questioning all these banks/creditors on why/how they lent nmc so much money and under what collateral/assurances. They are acting all innocent now but that’s the question the media should be asking.

The other creditors are finally Forced to come out their shells as they are afraid adcb will get some preferred treatment. It’s all unravelling now, and about time, it’s been far too long with no further details.

Probably both Rastuss...

Yup, agreed, especially if adcb can prove that they offered nmc reasonable chance for them to make changes and come to the table to negotiate but they failed to do so (as they claim)

“When an administrator is appointed, she will replace the directors”

Could be the shorter tenure as a director ever for Belhoul then!

MrD - I’m sorry, you can’t now claim the New Zealand billionaire fooled you. I clearly highlighted on here, and to you specifically, that he bought weeks before the Sino Forest suspension too.

For those wanting a roadmap on how this might play out, have a read of the timeline of 2011 and how that panned out.

KGI too - it was all a smokescreen! I kept saying Nobody had ever heard of that Czech investor and they never appeared on the share register and/or any form 8.3s!!

Surprisingly they went all very silent soon after. This was a shocking inside job.

“The Abu Dhabi lender had demanded “remedial actions” to ensure the UAE’s largest private sector healthcare group would be managed with “enhanced transparency”. ADCB said NMC had failed to respond to reasonable requests”

rastuss - it looks like you might have been right, FT stating that creditors are said to be concerned at Belhoul’s apparent proximity to the bin Buttis - whose confusing array of debt pledges exacerbated NMC's share slide.

I have no doubt thompkins was doing all he could to cover/delay in the interests of shetty and co. I also refuse to believe he didn’t know or wasn’t in on the fraud (even if indirectly)

The article yesterday suggested that all of the (former) management team have fled to India. Asjad (IR) hasn’t replied since December so probably nobody left.

Yup, Rastuss, hence why the bonds are trading where they are - none of the investors there are expecting their money back.

Clermont’s (Richard chandler) timing is hilarious, they have quite a knack for investing in stocks right before they get suspended.

Agreed sham, looks like adcb gave NMC the opportunity to work with them and avoid administration but the board/management remained incompetent (or intentionally) have delayed matters to help cover up for Shetty and co.

Agree, think adcb will do a much better job. The nmc management and board are incompetent and their paid-for advisors have just been acting in their interests. They’ve wasted so much previous time! If you think about it, all they’ve done in 3+ months is to discover a huge amount of extra debt! Nothing more!

It needs a fully independent audit and takeover now. Enough of the bs cover up.

They don’t give a sh*t about investors mrD... atleast the end is near, and is as expected.

Amazing NMC failed to RNS the market AGAIN, despite receiving notice on Friday. The ignorance and care free attitude towards investors is clear to see and the board deserves for the business to be taken out of their hands.

“NMC Health Group failed to respond adequately to these reasonable requests from ADCB.

If approved by the High Court, the joint administrators will take immediate control of the company’s business.”

Deos - yes, you have, and I believe you are the one who has most to lose @ zero, correct?

They will be given a few more months until this coronavirus lockdown is complete, but can’t help but feel it’s just delaying the inevitable

Big talk, but actions will speak louder. Let’s see what he realistically can do.

“ Too many people invested for wipeout”

Since when has that ever been a reason for not having a wipeout? Atleast stick to more realistic assumptions.