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  "docSlug": "4e150a3ef496",
  "documentTitle": "NMC Health plc (NMC.LN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-17 00:00:00",
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  "nDataPoints": 11,
  "notes": "The slide uses a Bloomberg terminal screenshot and Google search results to build a case of suspicious debt reporting.",
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      "kind": "callout",
      "text": "Why then has First Energy Bank has put the parts of its website touting the NMC facility into the Memory Hole?",
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      "text": "Google search results for First Energy Bank NMC facility",
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      "text": "First Energy Bank has an important overlapping directorship with NMC: Khalifa Bin Butti, who has chaired the bank since 2016. Why then has First Energy Bank has put the parts of its website touting the NMC facility into the Memory Hole? (Particularly when the bank’s 2018 AR notes the facility?)",
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      "text": "But in recent weeks, clicking has returned a 404 Error:",
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      "kind": "paragraph",
      "text": "To understand why we first question whether this facility is included in NMC’s reported debt, we start with Bloomberg’s debt table. It is not shown in the table, although we acknowledge that Bloomberg will not necessarily have all debt issuances by a company.",
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