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More Astonishing Shetty Share Shenanigans: NMC really shows that TR-1s are for little people as Shetty admits to a short

Another day, another announcement from fully-listed NMC Heath (NMC) regarding the share shenanigans of its founder and now former co-chairman. Today we learn that the good Dr Shetty appears to have taken out a 7 million share short position and had been using his shares as part of a general pledge to secure a current $30 million term loan! Did we know about this before the start of the year? Er…


NMC – now Shetty appoints Houlihan Lokey to assess “strategic options”

It was reported by Reuters on Friday that founder and now former co-chairman, the good Dr Shetty, of fully-listed NMC Health (NMC), which has been gradually revealing stunning undisclosed share transactions by Shetty and two associates, has appointed California-based Houlihan Lokey Inc to advise on strategic options for….portfolio and debt restructuring, according to a familiar source.


We know of no reason for the share price movement…oh please

In these volatile times shares can move wildly in both directions for all sorts of reasons. And after any sharp movement the regulators will put a call into the company, or on AIM to its Nomad, after if, perhaps there is something that it might wish to release via RNS.


NMC – more Shetty shares shenanigans disclosures: what on earth is going on?

NMC Health has updated once again over the shareholdings fiasco surrounding former chairman and founder, the good Dr Shetty, Mr Khaleefa Butti Omair Al Muhairi ("Khaleefa Bin Butti") and His Excellency Mr Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi ("H.E. Saeed Bin Butti"). Today’s disclosures are again shocking and continue to show that TR-1s are for little people.


NMC Health – founder and two associates walk the plank with immediate effect in wake of shares scandal

Muddy Waters must be laughing all the way to the bank right now – or it would be if Carson Block and his team were not in bed. Fully-listed NMC Health (NMC) – and a member of our elite FTSE100 (at least for now) – has announced the departure of its co-chairman and founder, the good Dr Shetty, along with two placemen appointed by principal shareholders Dr Shetty, His Excellency Mr Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Mr Khaleefa Butti Omair Yousif Ahmed Al Muhairi. This is in addition to the departure last Friday (again with immediate effect) of the abovementioned Mr Khalifa Butti Omeir Bin Yousef as the scandal of undisclosed share pledges, sales and transfers has become marginally (but only marginally) less murky.


NMC – shocker, and the read-across to Finablr is too.

Fully-listed NMC Health (NMC), under a short attack by Muddy Waters, has updated on the shenanigans of the holdings of founder Dr Shetty and those of Khalifa Bin Butti and His Excellency Saeed Bin Butti and associated companies. It seems that a stack of shares were indeed pledged and have been sold as enforcement of security. Oh dear, oh dear – I wonder what the chocolate teapots round at the FCA will make of this, especially as it sounds as though the Bin Buttis has their shares pledged and sold without their knowledge. And then there is the read-across to Finablr (FIN) which appears to be grappling with the same issues.

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