Member Info for mafioso

If I knew there was a risk of margin call on,loans pledge on sp,, based on dropping sp price , evidencing of cash would have been my no1 priority and pull,all the stops to get this info out there to market to appease everyone including banks and lenders ....Surely .
Instead the company have dithered here on releasing tangible evidence and have let uncertainty build in sp. You tell me if this is reasonable behaviour if you have nothing to hide

If no news comes out next week on cash I’m reducing my hold. For me this is not acceptable to take this long to confirm just one key financial indicator.
Never mind looking at evidencing the rest of financials....

This is my view given what has gone on past 6 weeks.

Given Nmc BOd are all meant to be rich, financially savvy and astute businessmen I find it incredible that following MW attract, subsequent reaction and drop of sp and then announcement of conducting independent review. How slow the board has been to get news out on committee members, reviewer and we still haven’t got news on cans positions. In the meantime, this delay has caused a further drop of shares which have triggered margin calls on loans and massive losses to owners.

Now surely if the they could have at least put out the cans positionof the company in the first couple of weeks of Jan this may have helped the sp recover to pr vent bookbuild. To me this didn’t look a long tast to corroborate, but we are still waiting and in meantime uncertainty has built on the company to the point the sp got low enough to freek lenders out to call in loans.

Surely they would have know this was a risk, and if all the finnancials were in order in first place they would have pulled out stops to get this out asap and try and salvage the shares pledged against loans.

But this did not happen and 2 bookbuild later, conducted over a 2 week interval we still don’t know cash situation and owners have had to sell of £400m of loans in shares to repay deb . Sorry, I’m not convinced here that all is as good as we are being led to beliecd

The delay in reporting cash position for me shows a lack of urgency form this company ,but it could suggest to me difficulty in evidencing them inline with reported financial statements and there could be potential holes. In which case uncertainly on this company is then justified on why it’s so low

If I were one of these owners and knew MW was making false accusations, I would have looked to drip feed concrete answers like cash position supported by evidence as quickly as possible in Jan to back up any challenge and help restore confidence in sp and buoy its price.rhis also may may have avoided any accelerated book builds beninff offered out

Closing trades look a bad sign for next week.

Huge sell orders @12.50. One for for £15m!!! Another over a £1m and few I in the 100ks

Something looks definitely not right with this stock to me. No sign of remaining shorts closing. Next week looks torrid

There was big rumbling in Q3 P.C. potential tile big partnering stake of Chinese Cos. You begin to wonder why this didn’t transpire....maybe they did there own dud diligence checks and found holes. Let’s see how Freeh sums up this company post review

Have you bought back in fella?

Market is effectively playing devils advocate here. All previous business updates have been taken on trust. Trust is now being questioned here whether it should be warranted or not so, it needs more evidence.

First big test for nmc to come through

That’s based on a slick and professional presentation. Market now want concrete evidence Eg cash. Show us the money...

Listen. I don’t care what anyone on this posit but to clear your cash deposits is notdifficult if your accountancy is in order and doesn’t take long

You look across all your financial insitutions where you deposit cash and get a statement as @Dec 15. Now if this company has instead up till now been estimating what cssh reserves it should have based on iou’s And receivables through supply chains then this won’t be staying in ftse100. This was the original concern Jefferies had in 2018:around receivable and how long they took to come in (I think it was 6-12 months and Nmc stated last year it had reduced to under 6 months.) So now market wants to see proof of that and NMc appear to be dithering

Yes- but banks would only call in a loan early following a risk assessment of house value and whether they believe it will recover during loan period given economic climate.

So what does that potentially say about the mid to long term run of this sp. it’s in hands of NMC to get news out quickly to the state of financials , but with £ 400m lending and investment pulled out from under their feet we don’t know what future growth now looks like

Yes - but banks will only do that only after a risk assessemt of the house value and whether it won’t recover during period of loan ). So what does that potentially mean for this sp

Whole of FTSe opens up blue apart from....

Given these book build are repayment of loans form enforced margin calls. Need to understand now how this impact the future growth model of this business.

This will then give an indication of how sp might recoverwhen we do eventually get some progressive news from this company

Wander if Freeh has called in favours from his FBi buddies and put taps on MW and Short friends to build evidence as part of investigation into NMC manipulation

Unfortunately that is price you pay formtrying to be too cleve pr and ambitious in the market.
Here is a company that originally was under 80 % ownership of 3 individual of which 2 had both individual investment of shares and a chunk of shares pledges from loans presumably to help with investment in company growth and expansion.

Theory being , with a fast expansion and gowth model, which has double digit growth yoy, the shares will keep surging and reach a level where the shares pledged could be sold and all borrowing used to invest in the business has paid itself through the share price increase.

Unfortunately, market view this aggressive growth model as too good to be true and wanted to show it’s flaw for all to see and this has now brought it back down to reality with a bump.
Future expansion plan of the company will now likely slow or halt until a new plan is forged to drum up investment and sp growth will likely not increase at same rate it did previously

Trying to keep this reaction of Rns as fact based as possible.

Looked back at the RNS that came out from last bookbuild found this part of the quote from sharecast on Jan 7 @ 20:55

“The two businessmen also owned another approximately 7.0% of NMC's equity jointly via Infinite Investments LLC, which would be subject to a 180-day lock-up.”

I think this will help align and perhaps go some way to explain this tranche size of shares being placed on bookbuild. I believe It all amounts to the same thing, debt clearance of these same 2 owners that have directly or jndirectly pledged against shares.

Love to know what share price these loans were initially pledged at....

Being totally honest, This was not the news I was hoping for or expecting The 2 owners who sold last time have a stake in infinite Investment LLC and tommy my mind they are selling out of stake they own to still to settle debts.

Don’t understand why this could not have been done together as part of original bookbuild exercise,and doing this again so close behind th least one gives the impression the BoD are scrambling around here to get there debt and cash positions in order and cleaning out all the cr@p,they have around governance and and skeletons in closet around debt as part of Indy review

Friday will be dejavu with sp going through the same share price behaviuor as last bookbuild and I see this easily going sub 13 and maybe sub 12 tomorrow. This probably now also also why share buyback has stopped.

I wander if this going to be oversubscribed this time and gobbled up again by the likes of Capital Group and Goldman’s. If the investment houses manage to pick up this bookbuild offer we are in the sophisticated traders hands as how they play around with this sp over next few weeks.

Just got to for a big short close tomorrow following initial spike down

Based on this my prediction for Feb 28 is 14.50

Whatever the outcome with NMC Two things I will be taking away from this experience as an investor
When looking for safer long term investments ( especially large ones) aside from fundamentals I will now always sense check for big short disclosures and ideally try to avoid stocks with any bigs shorts holding positions no matter what fundamentals look like as you never know what’s being schemed round the corner

At the same token , I will also give shorts more respect and use short tracker to see where shorts are accumulating on certain stocks and potentially use this as a signpost for potentially some short term flutters and quick wins.

Maybe this could be the way forward for more consistent gains. Let the trend be your friend...

Big Shorts working o n gearing up for quick exits strategy at these £14 levels before next news come out NmC. I expect to see big buy orders later today. This tactic will go in this until all shorts are out..

If new news comes out this from NMC sp will step jump probably by up £2 and if big shorts haven’t been able to all close out yet, they will do the same tactic and try and bring down the price at a higher price point on low volumes hoping there will assistance from MW to challenge the news from nmc and slow down the momentum in recovery of

Next expected news update should be on status of cash balances as @Dec15. Let’s see how robust the release is

If you look back at this thread last week and do filter on Qr786, he did a few detailed and interesting posts on this when he was burning midnight oil including call and put options.