NOBLE-A grotesque restructuring. Vote NO

FIRST. It would be incongruous and extremely frothy for Noble to continue on an ongoing basis after the cascade of events. We do not see the contours of a strategy or any edge that the entity would have in 2019 or that Noble (2007-2017) had other than a flawed and very misconstrued “commodity rotation” e.g spreading the losses of one division to another and back and forth).

SECONDLY, because agents, a.k.a Noble Group Management, provided an illusion of profits by camouflaging the properties of steady income and are/were compensated yearly for losses that occurred/will occur with a much longer frequency.

THIRDLY, for all other good reasons and mostly because this is absolutely grotesque.

WHERE, in the world, can a company restructure a Fraud ?

VOTE NO!

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2 thoughts on “NOBLE-A grotesque restructuring. Vote NO

  1. Here we go….

    The root cause and same people running it will only make history repeat itself

    Might as well start a Noble3 and bluff the public again

    Much easier that way than try to recover scraps

    What’s left of Noble and the people trying to save it should be permanently banned from the industry to avoid more accounting fraud elsewhere.

    Like

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