Embattled Noble Group firmly had investors on tenterhooks as media reports emerged of DBS bank cutting lending facility and the resignation of co-CEO. The double blows sent share price plunging to $0.198, below the $0.20 critical support level. Considering the fact that there was a 10 into 1 share consolidation done in May 2017, the adjusted share price is actually $0.0198.

Investors who had subscribed to the rights issue in last year would have lost their pants if they had held on to the shares until today.

A week before, the SGX-listed company reported a stunning USD1.17 billion losses for the third quarter. Losses for the nine months ending 30 September 2017 amounted to a …