Financing Agreements13 Jan 2020 15:07
Don't happen overnight. They take months to come to fruition, with many meetings, KYC, much documentation between lawyers on both, in this case three sides. Unusual to pay upfront fees without drawing on the facility first. Must have been an incredibly elaborate scam with fake sheikhs etc. On reflection, the CEO guarantee, reimbursement by LEK and the SP incentivisation plan seem bizarre.
Or there is another explanation. Let's hope, the latter.