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...
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.
Saddo ninth rate hack Mark Shapland of a local paper in England, the Evening Standard, has just retweeted the tweet below claiming he has an "exclusive". Does this fucktard know what an exclusive is? It is not a story that appeared elsewhere the day before.
The Evening Standard man is not very bright and still does not understand the import of today's Muddy Waters Burford (BUR). Look at the tweet exchange below. Would you believe I wasted 20 minutes of my life answering questions about the dossier from this ungrateful knobhead today?. It is not the first time I've helped him but with no grace to credit, it will be the last. I also look at First Derivatives (FDP), discuss the very low grade lawyer's letter I received today, look at ADM Energy (ADME) and at the comedy show that is Providence Resources (PVR)
In today's podcast after discussing late night sex in Clerkenwell, I discuss the history of Daniel Stewart (DAN) and how pride, real pride, came before its fall and the lessons one can learn. I look at Neil Woodford dog Utilitywise (UTW) and i look at the newspaper industry and the £10 million loss making Evening Standard and the reasons that its wanker journalists may today claim credit for other folks work but tomorrow they will have to #learntocode in order to put bread on the table.
In this podcast I thinkI agree with Dan's tip. I then look at Independent Oil & Gas in light of Jim Armitage's article in the Evening Standard which takes this scandal forward some more. I cover ramp dog Chesterfield (CHF), Marks & Spencer (MKS), Gear4Music (G4M), Halfords (HFD), Starcom (STAR), UK Oil & Gas (UKOG), Angus Energy (ANGS) and the zero scenario, and Carclo (CAR). Tomorrow I may have better things to do than a bearcast as is the case every January 12. Or maybe not!
I address issues raised by poltroons about yesterday';s bearcast and our new investment. I look at some awful yellow journalism at the Evening Standard regarding oily Piers Pottinger and the MySquar (MYSQ) fraud which demonstrates again why the dying deadwood press are part of the problem not the solution. I look at Amur Minerals (AMC) which is in VERY big trouble, I suggest. And also at Avanti Communications (AVN), Totally (TLY) and Venn Life (VENN). The big short dossier articler is on the runway and I should publish it very soon.
I stiill read the occassional comment and email that wonders why the economics of advertising on a website doesn't work - advertising pays for ITV and the Evening Standard, both of which are paying real salaries to real staff.
This morning’s RNS from Challenger Acquisitions (CHAL) is actually good news for the business, but some of the goings-on in the last week have made me more cynical than ever and I despair at the state of the lower end of the market.
A couple of days ago I noted how the lamentable London Evening Standard had lifted a cynical bear story from five days previously without attribution and claimed it as its own breaking news. But the Standard is not the only lazy worthless paper on Fleet Street. We now have an even more blatant pinch and this time it is the Daily Telegraph in the dock. No wonder sales of MSM publications are plunging if they run stories that were reported elsewhere on September 27 as their own breaking news on 29 October? This is the tale of Quindell fraudster Rob Terry and his new vineyard funded by the Quob park ponzi.
Lazy journalists on a local paper that thinks it is a national clearly read this website and are happy to lift our stories without attribution. Hence on 23rd October, Cynical Bear ran the "Challenger Suck Dick" scoop HERE. Four days later this is presented as news in the woeful City gossip column of the piss poor Evening Standard. Natch there is no attribution... the Standard would not want its readers to know where it gets its old news dressed up as news from would it?
Bon, A Quindell (QPP) owning Moron, asks on this website why “If Tom Winnifrith is such a brilliant investigative journalist does he not work for a top newspaper, he is just a blogger” It is a very fair question and has a several part answer.