https://sg.finance.yahoo.com/news/iceberg-research-slams-noble-debt-023100836.html
Iceberg is urging creditors to reject the restructuring deal because investors have to take a massive haircut. If nobody is willing to take a heavy haircut, there is no possibility that Noble can continue to operate with a heavy debt load.
If investors are rejecting this restructuring deal, Noble will be bankrupt soon unless another white knight is willing to takeover Noble at a massive discount.
Is Iceberg trying to bankrupt Noble by asking investors to reject the deal?
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