hi realanalyst,
Thanks for the clarifications and modification. Please be reminded to follow this posting ethic to back up with links and facts. There will not be another verbal warning from the Moderator if this happens again.
On another note, did SIAS profess themselves to be "aligned with the interest" of retail investors? Or do you think Iceberg or the author writing in ValueWalk is "fully aligned" with the retail investors?
It's Goldman vs JPMorgan As ISDA's Noble Indecision Roils CDS Market
http://www.zerohedge.com/news/2017-08-28...cds-market
Goldman Sachs can finish off Noble.
Goldilocks Investment Co. Clumsy move indeed.
Probably didn't do their homework in depth or well enough.
Now everyone's getting dragged in with the credit default swaps situation as well.
What a drama
Noble Group's treasury head quits; most high profile exit in over a year
source:
https://www.reuters.com/article/us-noble...AM9Q%3D%3D
(Anshuman Daga)
Comment: Now thats interesting. Wonder why hes leaving...
"Wildrik, who was involved in the company’s negotiations with its main lenders, is leaving the Hong Kong-headquartered firm after a 16-year stint".
Can understand, he hasn't been in the most healthy place of late.
Noble Group’s Chairman Is Determined to Avoid Lehman’s Fate
By Jasmine Ng
September 6, 2017, 12:01 AM GMT+8
Noble Group Ltd.’s self-styled restructuring advocate has no intention of letting the beleaguered commodities trader get embroiled in Chapter 11.
After winning shareholder approval for the sale of its gas and power unit on Tuesday, Chairman Paul Brough, who oversaw the liquidation of Lehman Brothers’s assets in Asia, said the company would likely find a buyer for its oil business by the month-end and get an extension on its debt covenant waiver beyond October. The company would then have the room to settle a repayment plan with its banks and avoid default, he said.
“I don’t go into companies with the intention of liquidating them; I am a restructuring man,” Brough told the shareholder meeting. “I have only once ever been in a Chapter 11 situation with Lehman Brothers, and I don’t wish to go there again. So rest assured, I’m doing all I can to avoid any kind of formal process, and I’m doing all I can to try and turn the business around.”
More details in
https://www.bloomberg.com/news/articles/...ssets-sold
Request for Trading Halt : Pending announcement of a major transaction.
![[Image: siasdonors.jpg?ssl=1&w=450]](https://i2.wp.com/noblegroupresearch.files.wordpress.com/2016/05/siasdonors.jpg?ssl=1&w=450)
![[Image: mercuria-noble-group-value-breakdown1.png]](https://noblegroupresearch.files.wordpress.com/2017/10/mercuria-noble-group-value-breakdown1.png)