Nmc Health Share Discussion Threads

[silverstone1] 11/3/2020 21:24

I ALSO WARNED EVERYONE IN DECEMBER 2019 THAT NMC WOULD COLLAPSE BECAUSE FRAUDULENT COMPANIES ALWAYS COLLAPSE!

[silverstone1] 11/3/2020 21:17

I'M NOT WRONG BECAUSE BEAR MARKETS LAST FOR MONTHS AND SOMETIMES YEARS, I SHOULD KNOW, IM A RETIRED STOCKBROKER!

[smcni1968] 11/3/2020 21:08

Well it's March so you were wrong.

[silverstone1] 11/3/2020 21:06

OTC STOCKS ARE COMPLETELY IRRELEVANT, THE DOW JONES IS RELEVANT, ESPECIALLY AS IN DECEMBER 2019 I WARNED EVERYONE OF A FORTHCOMING GLOBAL BEAR MARKET IN APRIL 2020!

[smcni1968] 11/3/2020 21:06

and don't forget to close both positions immediately if it does actually trade again otherwise the offset will break down

[smcni1968] 11/3/2020 21:03

The ADR implies £2.82 per share value for the uk so short 3 or so for each suspended share

[smcni1968] 11/3/2020 20:51

If you hold the UK stock you should short the ADR, easy solution to a vexing problem

[xtomo] 11/3/2020 19:36

ADR $2.20 up 18.9%. How relevant I don't know, but better up than down.

[karateboy] 11/3/2020 19:22

Lenders had an indirect hand in this bogus and fraudulent debt accumulations. We are dealing with criminal and unlawful activities .this is not a normal case of directors making a wrong investment and taking the company to bankruptcy where share holders will lose everything...this is different we are talking about fraudulent activities where lenders negligence has contributed to this. Lenders and share holders need to sit down and find away forward. Especially now that we have few very influential investors , even Trump may get involve to help his golf body! I can only hope!

[quidzinn] 11/3/2020 18:16

From 23/12/19 .....

Announcement of Independent Review

NMC Health plc (LSE: NMC) states that, following the attack on the Company last week, we issued a detailed rebuttal and are disappointed with the very material and, we believe, unwarranted share price reaction.

Our independent Audit Committee and our new independent Disclosure Committee respectively monitor and review disclosure and financial reporting to ensure that it is accurate and complete. In addition to this ongoing governance structure and the statements we have made to date to provide additional reassurance to shareholders, the Company will be commencing an independent third-party review, undertaken by a leading accounting firm, to review the assertions made by certain third parties.


This independent review will be overseen by a committee made up of a majority of Independent Non-Executive Directors of the Company, which is being formed. We are confident that this review, when complete, will be entirely confirmatory of the disclosures provided by the Company to date. We will also be progressing relevant legal and regulatory options following the actions taken by third parties to mislead the market and manipulate the share price.

The Company believes that the current share price is not a fair reflection of the value of the Company which has a consistent track record of strong growth and cash generation.

We will keep investors updated as we progress these initiatives in the coming weeks.

[smcni1968] 11/3/2020 17:37

Maybe they spent the money on an oil well

[nickoftime] 11/3/2020 17:31

We will have to wait for more information before we can really assess what has gone on here. If it is a case of a rogue director(s) or majority shareholder obtaining debt in the name of the company and then using those funds for other purposes, and thus the funds never reached the company, how would anyone (including the auditors) uncover this. The only people that would know that something is not right, other than the perpetrators, is the debt providers, but only if they all sat in a room together added up what they had lent and then tried to reconcile the total back to what the company was publishing in its accounts.

[nael2020] 11/3/2020 17:16

biggybigster1968-as you said NMC will never be over

[nael2020] 11/3/2020 17:01

Abu Dhabi Insurer Steps In to Help NMC Health Pay Salaries
An Abu Dhabi-owned insurer is helping NMC Health Plc pay overdue bills, according to people familiar with the matter, in what could be a sign the emirate is stepping in to help the embattled hospital operator.
The National Health Insurance Co., known as Daman, is speeding up payments to Abu Dhabi-based NMC so it can pay salaries and other invoices, the people said.
Abu Dhabi Turns to $229 Billion Wealth Fund to Rescue NMC Health

[karateboy] 11/3/2020 16:44

MW said this is not 'fraud', it is 'massive fraud'. I am hoping with help from UAE to save face, company will be re-listed with massive debt reduction and 20/80 ownership in faviour of creditors. After all the creditors should have done due diligence before pouring money to crook directors.

[iamgreat1] 11/3/2020 14:35

Muddy waters were spot on

[nael2020] 11/3/2020 14:05

biggybigster1968- well done try to make the excited monkeys calm and stop jumping up down

[biggybigster1968] 11/3/2020 13:46

Shareholders will be fine. We won't lose, far too damaging for UAE if NMC went to the wall, especially for further listings! It will come out alright in the end!

[hpcg] 11/3/2020 13:21

Short story time:

The end.

The end

[iamgreat1] 11/3/2020 13:03

Yeah ok......say goodnight sweet prince The fall of this opens again willBe catastrophic in this climate

[dtaliadoros] 11/3/2020 11:53

I thought I had sold out of this one completely last year.....but discovered a small forgotten 1k tranche in one of my ISA's. Opps!

Begs the question, what on earth are the Big Four Accounting Firms doing. Another Fts100 debacle missed by the auditors. The big four are not fit for purpose and the cosy cartel MUST be broken up. Its scandalous that it takes a SHORT investment boutique to identify the problems.

[nael2020] 11/3/2020 11:26

Smartie-6, iam sure was on right side because your mom was on the right one