allco principals investment appoints administa, page-7

some more thoughts

No 1 - "Mr Cohen moved to assure shareholders that IBA's funding arrangements with AEP would not be affected by the travails of Allco Finance Group (AFG), which has 35.8 per cent beneficial shareholding in AEP.

"Allco Equity Partners is a separately listed and standalone entity from the Allco Finance Group Limited," he said.

"Any implications from the Allco Finance Group, other than by way of odour, have no direct financial (impact) to us on our company or its operations." "

No 2 - ALLCO Equity Partners, a listed private equity vehicle managed by Allco Finance Group, has highlighted recent market volatility as a challenge for its business model as it released its interim profits.


No 3 - Gary M Cohen
Executive Chairman
BCom LLM (Hons)

Mr Gary Cohen is the Executive Chairman of IBA Health Limited. Mr Cohen was a leading legal practitioner and formerly a principal of Allco Finance Group Limited.

CRUX - they have deep connections with ALLCO and on disastrous end of AFG they are likley to be negatively impacted.

AFG will be forced to EXIT from AEP at distress levels and AEP will be foreced to EXIT from IBA unless someone bail out AEP. Defense wins the GAME. Cash is king in uncertain times. cash out from IBA.

There is no doubt it will do great in two years from now. But it is uncertain time for IBA's biggest shareholder and massiah for debt!