Results: NMC

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NEWSFLOW

#NMC Health – Financial Reporting Council has opened an investigation into audit by Ernst & Young

2020-05-04 07:59:59

NEWSFLOW

#NMC Health – requests shares cancellation, Muddy Waters game, set & match

2020-04-27 07:59:59

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NMC now in administration - first move, dump the board – but what happened to Shetty Jnr as E&Y sweats

I see the shambles left behind by the very naughty Dr Shetty that is NMC Health (NMC), now in administration, has seen the first move of newly appointed administrators Alvarez & Marsal Europe LLP: the board has been sacked en masse. There's a vote of confidence for you!

By Nigel Somerville
2020-04-14 15:03:37

NEWSFLOW

#NMC Health – directors “have now all been removed from the board”, new appointments to work with administrators

2020-04-14 07:59:59

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NMC throws in the towel – it is Game, Set and Match to Muddy Waters

NMC Health (NMC) announced late yesterday that it was “not in a position” to oppose successfully the court application by Abu Dhabi Commercial Bank to have the company placed into administration at today’s hearing. In other words it is game over...

By Nigel Somerville
2020-04-09 08:44:57

NEWSFLOW

BREAKING: NMC – they think it’s all over.......it is now

2020-04-08 16:25:34

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NMC – ‘fesses up about application for Administration

We learnt yesterday that Abu Dhabi Commercial Bank (ADCB) had applied to have NMC Health (NMC) placed in administration. We now learn that the hearing is scheduled for Thursday, but it seems that the board is making a last-ditch effort to get the application withdrawn.

By Nigel Somerville
2020-04-06 12:03:28

NEWSFLOW

#NMC Health – notes informed of application for appointment of administrators & “is in discussions… to address creditors' concerns” (good luck with that!)

2020-04-06 07:10:49

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NMC Health – lender goes for administration. Looks like Game, Set & Match to Muddy Waters

Hat tip to reader RT with this link, Abu Dhabi Commercial Bank (ADCB) which has a reported $981 million exposure to NMC Health (NMC) has applied to court to have NMC placed in administration, apparently to safeguard the future of the company, according to Reuters. Well, whatever – but it looks like game set and match to bear raider Muddy Waters.

By Nigel Somerville
2020-04-05 20:56:59

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The $6.6 billion dollar fraud NMC – the black hole expands & the CFO walks

Oh dear, oh dear – it is going from dreadful to even more dreadful at NMC Health (NMC), which was suspended in the wake of Dr Shetty’s unreported dealings and a whole load of undisclosed debt coming to light – placing the viability of the company under heavy question. Yesterday we learnt that the debt position has increased from the estimated $5 billion to reach $6.6 billion. The whole outfit is surely toast...