Focused strategies / Working Capital30 Apr 2020 12:50
The focused strategies.
1.BlackOak Alpha Growth Fund .... the market volatility delayed those allocations due to liquidity issues facing the investors.
2. Warehouse Loan/Short Term Credit Facility ...The Company and the asset manager had every intention of closing the transaction in early Q1. By the start of the market volatility due to Covid19 around the week of February 17th, progress had been made by both parties in organising the terms and timeline around completing the transaction.
....once markets normalise the discussions and negotiations will pick up.
3. Separate Managed Accounts
...opportunities had reached a stage where early 2020 was proving to be the inflection point for the discussions
The Company has sufficient working capital to COMPLETE ITS STRATEGIES as outlined above.
The Company is confident that, , it will be able to continue those discussions in the near terms,
and
also take advantage of further opportunities.