RE: One of two6 Feb 2020 22:00
Look guys, this revolving credit facility (RCF) is very arm's length from Alpha, the plc. It is available to a "bankruptcy remote warehouse SPV" which is an Americanism for something that cannot blow back if it goes bust.
In turn the SPV will be feeding the BOAGF LP with securitised, diverse packages of SL settlements to sell on to investors. BOAGF is in essence a JV with SLIM in Chester, through subsidiaries in the tax haven BVI. ALGW makes its money from management fees in partnership with SLIM in the Cayman Islands.
This is all so remote from the listed company ALGW, that even if the RCF had been signed off there would be no need to report it in a RNS, IMO
There may well be an issue that Colva, the actuary in this house of cards, has to be given its contractual 2 million shares, before the RCF takes effect, and that is not possible until there is authorisation of new shares tomorrow. Perhaps someone might ask that question?