The Athene part is not the whole APLVF story, even though it is a large part of it. The company may be looking another venture like Athene, and do the whole thing over again with another investment. Besides the shares they still own from Athene, they have $8 million in other assets.
If earnings for Athene are good tomorrow, that obviously helps the value of the remaining Athene shares that APLVF holds.