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sun233 Elite	28-Nov-2018 12:20        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to escape. I remember reading here that there were some here who have been holding since stock was $3 plus. The fall was fast and quick. Its always hard to part with hard earned money. I dont blame IB but SGX. its called systemic failure. I wonder if this will ever be relisted or classified as one that bit the dust. investshare      ( Date: 28-Nov-2018 12:16) Posted: Exactly, the shareholders have 3 years to escape. xtraderx      ( Date: 28-Nov-2018 11:55) Posted: They had a choice, they could sell and many actually did, the ones who held on for too long sank with the titanic.  I don' t understand how anyone can be blaming SGX or IB for the mess the management created, if anything they should be suing Elman and gang for their losses
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sun233 Elite	28-Nov-2018 12:17        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX should have flagged issues, instead they allowed al cash calls after cash calls. Great isnt it. They waited till the funds did all the negotiating then come in after with CAD investigation. Honestly i have not followed since i bailed but there should have been checks. When IB highlighted issues that should have been a signal for SGX to call for a thorough investigation. Was it done? They are the regulators. They should have seen this a mile away. Smart ones bailed. But some were stuck and blindsided. All SGX did was to query, query query. I remember one Malaysian here who lost millions. I hope he got out. SGX cannot be a ......for profit company and a regulator. Prof Mak Yuen highlighted this many many times.... yet everything fell on deaf ears.  xtraderx      ( Date: 28-Nov-2018 11:55) Posted: They had a choice, they could sell and many actually did, the ones who held on for too long sank with the titanic.  I don' t understand how anyone can be blaming SGX or IB for the mess the management created, if anything they should be suing Elman and gang for their losses. sun233      ( Date: 28-Nov-2018 11:39) Posted: Shareholders had no choice. All the rights, cash calls etc was just hoping for the best. It is the regulators who were sleeping at the wheels
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investshare Supreme	28-Nov-2018 12:16        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exactly, the shareholders have 3 years to escape. xtraderx      ( Date: 28-Nov-2018 11:55) Posted: They had a choice, they could sell and many actually did, the ones who held on for too long sank with the titanic.  I don' t understand how anyone can be blaming SGX or IB for the mess the management created, if anything they should be suing Elman and gang for their losses. sun233      ( Date: 28-Nov-2018 11:39) Posted: Shareholders had no choice. All the rights, cash calls etc was just hoping for the best. It is the regulators who were sleeping at the wheels
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investshare Supreme	28-Nov 11:56        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	can you share one example? NextEvolution      ( Date: 28-Nov-2018 09:57) Posted: Overseas stock regulators have such roving in-house auditors. They have a number of teams checking on those more suspicious companies and nip those before creating havoc. Yes, not 100% foolproof but if can get over 60% hit rates, then less cheats and fraudulent companies will set foot on SGX LongNobley      ( Date: 28-Nov-2018 09:52) Posted: Not easy to check on most companies, less said about all companies. Where got so much resources and manpower. To check a company thoroughly takes months if not years... Authorities expect the auditors to be professional and do their duties
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xtraderx Veteran	28-Nov-2018 11:55        xtraderx About Contact  Quote this Post!
x 0   x 0  Alert Admin	They had a choice, they could sell and many actually did, the ones who held on for too long sank with the titanic.  I don' t understand how anyone can be blaming SGX or IB for the mess the management created, if anything they should be suing Elman and gang for their losses. sun233      ( Date: 28-Nov-2018 11:39) Posted: Shareholders had no choice. All the rights, cash calls etc was just hoping for the best. It is the regulators who were sleeping at the wheels. investshare      ( Date: 28-Nov-2018 09:13) Posted: It was the shareholders who condone the Board and management. Still remember how shareholders criticized and made fun of IB 2 years ago
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sun233 Elite	28-Nov-2018 11:39        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shareholders had no choice. All the rights, cash calls etc was just hoping for the best. It is the regulators who were sleeping at the wheels. investshare      ( Date: 28-Nov-2018 09:13) Posted: It was the shareholders who condone the Board and management. Still remember how shareholders criticized and made fun of IB 2 years ago. trader25yr      ( Date: 26-Nov-2018 21:33) Posted: OMG ... IB never  bring down Noble lah ... management bought Noble down ... of cause ... they are the ones who see the all money going out ... and disappear
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Morello Veteran	28-Nov-2018 11:35        Morello About Contact  Quote this Post! Style: Combined   Mood: Yells: "In it for the long haul"
x 0   x 0  Alert Admin	who else is in this, other than marjohn?  who thinks this is a total write-off at this point?
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LongNobley Master	28-Nov-2018 10:05        LongNobley About Contact  Quote this Post!
x 0   x 0  Alert Admin	SG should get their acts together. Too many of such cases. Noble, Midas, Yuuzoo, China Fishery, and now Kimly. Too many! NextEvolution      ( Date: 28-Nov-2018 09:57) Posted: Overseas stock regulators have such roving in-house auditors. They have a number of teams checking on those more suspicious companies and nip those before creating havoc. Yes, not 100% foolproof but if can get over 60% hit rates, then less cheats and fraudulent companies will set foot on SGX LongNobley      ( Date: 28-Nov-2018 09:52) Posted: Not easy to check on most companies, less said about all companies. Where got so much resources and manpower. To check a company thoroughly takes months if not years... Authorities expect the auditors to be professional and do their duties
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NextEvolution Elite	28-Nov-2018 09:57        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Overseas stock regulators have such roving in-house auditors. They have a number of teams checking on those more suspicious companies and nip those before creating havoc. Yes, not 100% foolproof but if can get over 60% hit rates, then less cheats and fraudulent companies will set foot on SGX LongNobley      ( Date: 28-Nov-2018 09:52) Posted: Not easy to check on most companies, less said about all companies. Where got so much resources and manpower. To check a company thoroughly takes months if not years... Authorities expect the auditors to be professional and do their duties. NextEvolution      ( Date: 28-Nov-2018 09:32) Posted: The regulators in SG should have long long time ago set up a roving in-house auditor team and make checks of all listed companies locally and those overseas too in rotation and punish those that flout the rules. The thing is that nothing was done in the last 10 to 15 years and these listed companies are getting bolder and bolder. Look at Midas, the culprits can even sue the company for slander. Really a joke!
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LongNobley Master	28-Nov-2018 09:52        LongNobley About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not easy to check on most companies, less said about all companies. Where got so much resources and manpower. To check a company thoroughly takes months if not years... Authorities expect the auditors to be professional and do their duties. NextEvolution      ( Date: 28-Nov-2018 09:32) Posted: The regulators in SG should have long long time ago set up a roving in-house auditor team and make checks of all listed companies locally and those overseas too in rotation and punish those that flout the rules. The thing is that nothing was done in the last 10 to 15 years and these listed companies are getting bolder and bolder. Look at Midas, the culprits can even sue the company for slander. Really a joke!
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NextEvolution Elite	28-Nov-2018 09:32        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	The regulators in SG should have long long time ago set up a roving in-house auditor team and make checks of all listed companies locally and those overseas too in rotation and punish those that flout the rules. The thing is that nothing was done in the last 10 to 15 years and these listed companies are getting bolder and bolder. Look at Midas, the culprits can even sue the company for slander. Really a joke!
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investshare Supreme	28-Nov-2018 09:13        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	It was the shareholders who condone the Board and management. Still remember how shareholders criticized and made fun of IB 2 years ago. trader25yr      ( Date: 26-Nov-2018 21:33) Posted: OMG ... IB never  bring down Noble lah ... management bought Noble down ... of cause ... they are the ones who see the all money going out ... and disappear
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sun233 Elite	28-Nov-2018 08:49        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	And they waited till shareholder value was depleted then decided to read the newspapers! Im glad i got out unscathed. But so many have been cheated. When the CEO stepped down I smelled a rat. When they started selling assets i knew something was going on. When they brought the expert at restructuring it i stopped monitoring this junk. sun233      ( Date: 28-Nov-2018 08:45) Posted: No it was not management. It was SGX helping the crooks.   trader25yr      ( Date: 26-Nov-2018 21:33) Posted: OMG ... IB never  bring down Noble lah ... management bought Noble down ... of cause ... they are the ones who see the all money going out ... and disappear
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sun233 Elite	28-Nov 08:45        sun233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No it was not management. It was SGX helping the crooks.   trader25yr      ( Date: 26-Nov-2018 21:33) Posted: OMG ... IB never  bring down Noble lah ... management bought Noble down ... of cause ... they are the ones who see the all money going out ... and disappear
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BillionX Senior	28-Nov-2018 08:33        BillionX About Contact  Quote this Post!
x 0   x 0  Alert Admin	An incompetent SGX regulator has been found out sleeping at the wheels again. Now that Noble is completely robbed by its previous owners SGX has woken up to the fact that perhaps something is not quite right. The recent episode where the owners of VARD robbed retail investors of their monies by taking the company private despite the tremendous protest by investors of the unfair and underhanded methods that Vard uses. This is a shameful indicment on the incompetence of the SGX regulators.I think its only fair that they return all their fat salaries and bonuses and be replaced by better qualified persons!
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NextEvolution Elite	28-Nov-2018 08:23        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quote 'The Singapore Exchange has said it would not let trading in the restructured group begin until it had completed a review into allegations made by the Singapore authorities' unquote. Like that even the long-stop date 11 December or the last available window 31 December will make no differences. And the regulators added if found wrongdoing by the auditor, EY, it will push it to the Hong Kong regulators to follow up (so SG regulators can wash hand?). By last day of the year 31 December, if not lifted, then curtain will draw down for Noble as it will go UK to file for bankruptcy
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trader25yr Master	26-Nov-2018 21:33        trader25yr About Contact  Quote this Post! Style: Flexible   Mood: Yells: "I hate con man"
x 0   x 0  Alert Admin	OMG ... IB never  bring down Noble lah ... management bought Noble down ... of cause ... they are the ones who see the all money going out ... and disappear
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Observers Elite	26-Nov-2018 18:34        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can sue the auditors in US courts via class action? NextEvolution      ( Date: 26-Nov-2018 08:59) Posted: Looking back at Iceberg Research initial damning report in Feb 2015, that's a long 3 years 9 months & Iceberg just mentioned our regulators finally send in the 'Fire Engine'. How can a small oversea based unknown research firm able to bring down a once $10 billion market-cap blue chip that even tripped the highly paid auditors and SG regulators? About the 'Fire Engine', Noble Group actually already razed completely by the fire. It's the shareholders who pumped in the fresh US$500 millions in 2016 that helped prolong the suffering of its stakeholders. Plus the constant disposal if it's balanced assets that keep it going till now. With the 3 SG agencies investigating Noble, even it it can lift from suspension, Kingston date already extended till 11 Dec 2018, it will fall like bricks. If by 31 Dec it is still suspended, that will be the end of Noble.
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teeth53 Supreme	26-Nov-2018 18:28        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Noble is in a stage of comatose. New Noble will not be born till Noble is awake.... Sellsell777      ( Date: 25-Nov-2018 19:01) Posted: Noble No More
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NextEvolution Elite	26-Nov-2018 08:59        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looking back at Iceberg Research initial damning report in Feb 2015, that's a long 3 years 9 months & Iceberg just mentioned our regulators finally send in the 'Fire Engine'. How can a small oversea based unknown research firm able to bring down a once $10 billion market-cap blue chip that even tripped the highly paid auditors and SG regulators? About the 'Fire Engine', Noble Group actually already razed completely by the fire. It's the shareholders who pumped in the fresh US$500 millions in 2016 that helped prolong the suffering of its stakeholders. Plus the constant disposal if it's balanced assets that keep it going till now. With the 3 SG agencies investigating Noble, even it it can lift from suspension, Kingston date already extended till 11 Dec 2018, it will fall like bricks. If by 31 Dec it is still suspended, that will be the end of Noble.
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