Member Info for Castaway

I think he loved the lifestyle and status - you can only have so much money - the fact he was pictured with his medal etc. with the hoypoloi - these type of people are narcissists - he is probably fine with it and will have absolutely no conscience of the carnage and damage to people's lives he has left behind - he should do time, but I think that chance of that is nil.

Matty - your not alone, this will cause pain for many PI's, especially as it was FTSE 100 and supposed to be blue chip - good luck.

If you look at how NMC started he was up to his nuts in debt then - got bailed out by Centurion (from memory) the other Chairman - so they either conspired or Shetty conned him - either way it looks like a fraud from the IPO

Special Shetty is 77 no doubt he will live the rest of his life in luxury in India, I doubt Modi will allow him to be extradited and if he does it will probably take decades - Shetty will be alright!

I doubt there is any cash in FIN or any other company Shetty had a hand in - I am now starting to think this was a sort of debt ponzi - borrow expand etc. buy assets at overvalued prices use debt to make profits look better and it must have been easier with the cabal at the top of it all controlling it.
Shetty ran out of lenders, realised his goose was cooked so sold up and ran for the hills (India)

abdulla - you are a liar!

OK abdulla let's see next Monday ;-)

Personally I don't take much notice of posters like abdulla - I was just questioning the motive for someone to go to the trouble of opening an account and posting a load of unsubstantiatable info?

The information is not widely available abdulla and investors bought shs at way higher than £12.50 in the past and they were wrong

With a share in suspension what difference does it make Rastuss? - not like we can buy any even if you believe abdulla is it?
Unless he is trying to ramp the bonds!

If NMC comes out of suspension at £12.50, £20 will be low ball!

I will be with anticipation - trouble is what seems to good to be true usually is!

Do you have his phone number abdullah?

And your telling us to stop giving out misleading information?

From the RNS of the 26th "As a result of the delays and additional work referred to above, the independent review is not expected to conclude for several weeks, with the consequence that the Company does not expect to be in a position to publish its FY2019 before the end of April 2020".
The board don't think NMC come out of suspension in April, it will be after the accounts are filed.

Your confidence is admirable abdulla - after reading this RNS a week last Wednesday mine is not not so! https://www.lse.co.uk/rns/NMC/review-update-ceo-removal-and-other-matters-lhxr18ptsllls8k.html
If you read this document you will understand why NMC asked for suspension. before the FCA insisted. https://www.handbook.fca.org.uk/handbook/LR/5.pdf

Rastuss, I agree it is in the UAE's, NMC's in fact everybody's interest for the main hospitals to stay open. So presumably the government will provide funding if NMC is cash strapped until the situation is resolved?
Looks like non payment of salaries is just a violation of labour laws,https://www.khaleejtimes.com/legalview//non-payment-of-salary-is-violation-of-uae-laws

We will find out soon how this is going - if they cannot pay the wages then it will be administration.
It looks better if they can, and at least someone is prepared to offer support.
The current lenders may want to support NMC and may be waiting to see what the company's financial position actually is before coughing up for the payroll.
On the plus side the UAE Government will want to keep the main hospitals open.
However It will probably be cleaner, cheaper and easier for parties who want NMC's assets to pick them up from the administrators, rather than deal with the debt, probable litigation and a load of very angry shareholders.

I have no problem with you or your opinion sonic - just posting RNS as you have done.

Whatever happens to NMC, good or bad, will you guys/girls please keep a perspective on life - share trading is brutal, I have been in both losing and gaining positions many times, if you loose it is not the end, but it hurts, if you win it's not that great either. You may "do your nuts" or win big, but please don't get too depressed, life goes on and we live to fight another day.