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Wednesday, December 12, 2018

Noble is going bankrupt soon!

https://finance.yahoo.com/news/noble-group-appoint-provisional-liquidator-101735089.html

Noble's fate is sealed after SGX blocked the new noble from relisting.

http://sg-stock.blogspot.com/2018/12/omg-noble-cannot-relist-on-sgx.html

The so-called PLAN B is detrimental to existing shareholders because the PLAN B SHARES cannot be traded publicly.  Holding a share that cannot be cashed out is definitely not good.

The PLAN B is unlikely to be accepted by the existing shareholders and bankruptcy is the only way to go for Noble.

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