InvestorsHub Logo
icon url

RowdyGentleman

06/14/20 12:55 AM

#1696 RE: Gotmilk97 #1694

Why skeptical?

I may not be following the intent of your comment but I do not see how Shetty's assets have anything to do with staff salaries. Shetty's assets are just that...his assets. If he was paying the staff from his assets he'd been broke years ago. The salaries are paid from collection of insurance and patient payments for medical care. Even the ban on one of the biggest revenue generators for hospitals, elective surgeries, is now lifted.

Granted they delayed paying salaries twice this year but I believe that's a result from trying to stabilize debt compounded with reduced revenue from the COVID bans on medical procedures. In the end they still paid the salaries just a little late.

Speaking of debt, what do you think about this statement?

Alvarez & Marsal said NMC may have drawn down materially less than the $7.4bn of debt facilities identified so far.