Interesting events here. I just survived on CVF and was keeping an eye on how this was turning out.
Reading this I feel we got quite lucky with CVF a windup with a termination fee but we at least avoided the 2% to exit.
Why can't they just wind it up and pay out capital return? Liquidations especially of LIC don't cost $4m. Better outcome for everybody. Maybe GVF will use their funds from CVF to fund a big purchase of ALF and push for a better outcome. That could possibly explain the volume today ~1pc of the company.
ALF Price at posting:
$1.03 Sentiment: Hold Disclosure: Held