atans1

Noble House sends cryptical message?

In Accounting, Commodities, Corporate governance on 01/06/2016 at 12:12 pm

Noble’s board said that it looks forward to working with Alireza in future “should the opportunity arise”.

Hmm this could be boiler-plate PT to signal that the parting was really amicable. but maybe he left because he wants to do a LBO? Ot because he wants to buy from Noble the investments in commodity producers that he made as CEO and which caused all sorts of accounting problems for Noble?

Stock seems to have strong support at the 0,29 level. Hope its “outside” buying. I’m putting the stock on my “Punt?” list.

May want to read this

Here’s Why Noble Group Shares Are Plunging

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