Ann: Keybridge enters Bridge Funding Facility, page-5

Buying a deep discounted asset may have been original idea and getting a spread on different deals however he had to take control of this as upon success rather than $ being retained in KBC they IMO were paid to management so value lost to shareholders . Hence the push for control. Probably seen as a opportunity to remove a "shark" from the pool as well and the only way was to get inside it and look at the books and activities.

Lending money now IMO probably gives him extra control and ensured company remains a compliant vehicle as now he is responsible. It helps block YOW bid as being a extra hurdle.

It is a lot of time $ and a distraction for a fund manager but at least they have $ behind them to enable them to pursue such activities.

All IMO