Member Info for SecretBlueprint

Please close the Straits of Hormuz, you will be self isolating Iran from the Covid 19 and you will get oil price up to $100
Duck when the cruise missiles arrive........

2mex
This revolving credit facility (RCF) was never going to be made available to ALGW, who were and still are " a financial advisory business providing specialist consultancy, advisory and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets."

The RCF was being made available to the Warehousing SPV , which seems to have been incorporated as "designated purpose company" in Dublin.

ALGW in partnership with SLIM in Chester are selling zero coupon, high yield bonds to US investors via a limited partnership fund (BOAGF) in the tax haven Cayman Islands, which they manage for a fee which improves with returns. That has all been reported to the SEC in New York.

To sell those bonds they need an underlying security, which is made up of the aggregation of multiple redeemed life insurance settlement packages into a securitised asset , which is what the Warehousing SPV does, but it needs short term working capital to do that. From buying the life settlements to selling the bonds is a few months I imagine, and then the debt is repaid. If you ever watched "Margin Call" you can see how it is a month or two (although that was mortgages)

So I can see how GS described it as short term, but will be required for a long time, revolving over and over with each new package. There was also a comment that the RCF provider was intending to buy the bonds as a big deal for the own client base.

Equally who ever is in the frame for providing the RCF is not going to lay out a dollar until Danny Swick and Austin King turn up in Dublin with evidence of a bunch of people who want to buy the bonds and bunch of people who want life settlement agreements to fund their lifestyle on Santa Monica beach.

It all sounds trickier than beating City at Old Trafford, but it can be done and SLIM are fully engaged. I think they would be long gone otherwise.

RNS next week? I am not sure about that. I will give it the rest of the month and then think something is not right.

Well, well, he is one of Parsons' team and was in there for two years already, so C4 did not land from Mars after all.

I see that Simon Bygrave's grinning face has been deleted from the NUOG website so perhaps Demot is PR now ?

Well Mr Partridge, if you can spot a bad egg and serve it up all day as an omelette, why not go and tell those poor folks about it at Sirius, Debenhams, Thomas Cook, Frontier, Quadrise, MATD, Tullow, Sound, Echoe i3E....the list of duds is endless, but you are stuck here and so far underwater you cannot let go.

Just breathe and let go, you will enjoy it.

If you are underwater by six figures, the oxygen deprivation causes euphoria and you think that soon you going to be a billionaire, when actually you should have stocked up on toilet rolls to service panic buying at Costco

Hard to see upside here in an oil rout. There's always next year and the year after.

Fake news. They are trying to stop you stealing toilet rolls from the event loos.

Sorry for the inconvenience

SecretIdiot and PublicIdiot here. All is OK according to Ovets (Stevo?) not to worry, shale will save us. The SP can go down 10% every day from here to eternity but it will never reach zero. So that is Ok, you can bank on that.

Olderandwiser

The pneumococcal vaccine is a barrier to bacterial infection from streptococcus. I dont think it will be any use for a viral infection which leads to pneumonia, which is a rather quick way to go, if assisted with an extra dose of morphine at midnight ( just to calm you down, of course...). Yes, euthanasia is alive and well, as it should be.

The official advice to wash your hands should extend to washing your hands of the stock market as well, for the forseeable future, IMO.

I fear you are right , Giles. The human predisposition to panic in the face of the unknown knows no bounds. I think this is a toxic mix of stock market corrections, extinction rebellion, plague and fiscal poverty. Four horsemen of the Apocolypse for sure.

If our lads from Newport Beach don't put out the deckchairs very soon , they might find the tide has changed for the worse.

Gold is the only answer at the moment.

I am buying 200 tins of corned beef, 20 sacks of potatoes, and 100 boxes of white wine. I will survive !

"A company can’t be worth less than the value of its cash in the bank.".................

That is only true when you wind it up, otherwise sentiment is the driver

" the darkest hour is just before the dawn."

Unless someone closes the coffin lid...,.

Heads of terms were reported on 7 Jan, that is not a final agreement , nothing has changed

Garbled you know full well why you were banned from II and over 20,000 posts were deleted. Repeating the posts which brought about your extinction will not be good for your soul.

"Are you inferior to me by any chance?"

No but I have the measure of you. You seem to forget all those II posts that no longer exist. I won't repost them because you know you were well out of order.

"Bhlc, I am not going to discuss my business on a faceless bb."

After 30,000 posts , Garbled finally decides not to discuss his business LOL !!!

Garbled, If you bought Deanos off the bloke from Blackpool, I reckon you were had. Yes he has planning for residential use and thought oil service folk would prefer serviced apartments to the hotel or portacabins, but where are they now?

The Blackpool bloke is spending your money in Santiago.

Hi Garbled

Best you stop reading the emails from Deano's Bar. They are winding you up M8 and laughing into their beer IMO

Ollie

It's an Arcadia owned brand name ; Burtons Tailors are long gone, just like Rileys who always had a snooker hall above every Burtons store.

Don't you remember "Gone for a Burton" as in bust?

Gozzie

Burtons closed decades ago. Do keep up