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

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

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!

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

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...

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

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the hearing is scheduled for Thursday, but it seems that the board is making a last-ditch effort to get the application withdrawn.

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

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.

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...

BREAKING: NMC Health “discovers” another $2.7 billion of hidden debt – surely this mega fraud is bust

Even the journalist smearing PR mothers at FTI consulting could not polish the steaming turd that was today’s 4.11 PM update from the, until recently, FTSE 100 member NMC Health (NMC). The level of fraud is staggering.

#NMC disastrous update on undisclosed debts & financial position, got to be a zero,

NMC Health – Another Bombshell as chances of a zero heavily increased

Oh dear, oh dear, oh dear. This morning fully listed NMC Health (NMC) has issued a statement which forewarns of a calamity. In short, it looks as though the chances of a zero being on the cards has increased markedly. Needless to say, ShareProphets readers were well warned to get out whilst they still could – and I hope you all did, for I would not wish to be holding this stock now in the light of what follows.

#NMC Health – asking for standstill from lenders including as “change of control considerations”, appoints various advisers

Breaking: ShareSoc launches NMC Shareholder action group

Good news for shareholders in now suspended NMC Health (NMC), the establishment suits at ShareSoc have launched the NMC Action Group (NAG) to help realise value for sghareholders. The release is below:

NMC Health – the specialists in locking stable door after horse has bolted have stepped in

Scandal after scandal, suspension, sacking the CEO, the CFO on extended sick  leave, a whole bunch of boardroom resignations, the admission that Muddy Waters was on the money but it is far worse and finally the chocolate teapots have woken up to the fact that there was something wrong at NMC Health (NMC).

KERBOOM: NMC Health – shares now suspended, Muddy Waters at match point, where are the apologies?

Yesterday (natch, after hours, at no-one is watching o’clock) came the bad news from NMC Health (NMC) which saw it Game Set and (almost) match to Muddy Waters. Now shares in NMC have been suspended. Has Muddy Waters moved from 5-0 up in the third set to match point?...

#NMC Health – shares now suspended, reckons “focused on providing additional clarity to the market as to its financial position”

Game Set and (almost) match to Muddy Waters after diabolical after hours fess up from FTSE 100 member NMC

Natch the bad news came after hours, at no-one is watching O’clock. With journalist smearing FTI Consulting doing the PR turd polishing what else would you expect?  My pal Carson Block of Muddy Waters whose dossier first exposed the cesspit at NMC on 17 December 2019 HERE noted “At this point, the company’s announcements speak for themselves and seem to be even more damning than our initial report was.” Indeed. Well let’s start with the apologies

#NMC fires CEO says not sure what cash balances are, admits discrepancies, CFO put on sick leave & worse