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Unless I am mistaken, updates will now be announced via the RDGC website, I've had a look and can't see anything as of yet.
Unfortunately I think this is one to check in on monthly, maybe even quarterly, rather than daily or weekly now, lol... I don't know much about listing on Aquis, but assuming it's anything like main or alternative markets, probably going to be a good few months before any of us have any inkling what's going on
Whats going on?
And the shares will appear under a new ticker on your account once ‘live’ listing
Updates will all be on the Ridgecrest website. Keep checking.
Once (if?!) the ‘new’ Company lists (on AQSE), your existing broker / trading platform will notify you once they’ve been notified.
If RDGC is now unlisted private company and invests in another unlisted private company, what communication channel is used to provide investors with updates? Do investors just see new shares appear post ipo in online account?
List early Summer? RNS states intention to list 2022.
Hopefully get confirmation of RDGC investment and details of the Company and deal structure by end of March?
How will the company know how to contact shareholders if the share is de-listed ? Will they go through brokers who have known Shareholders on their books ?
It ironic really that they talk of no longer having the protection of AIM rules. Thats like saying we can hide behind a sheet of tissue when someone fires an assault rifle at us !
Javier - just use the existing RDGC telegram group. It won’t be ending just because listing is cancelled. It’ll get re-named ‘Wendy’s’ or ‘Itsu’ etc etc eventually!!
Telegram would be great if someone creates and post a link here to join
Chatter on Telegram that the deal may be with
- The Adil Group
Nothing concrete but an interesting discussion.
Set up a Telegram group?
I think we will all have to move to Twitter once the BB disappears
Can anyone advise what is likely to happen via broker after delisting in terms of retaining proof of share ownership for the future investment? Presumably evidence of contract note from purchase with the broker and then keep an eye on the RDGC website for further updates?
Speaking of which, what happens this bb? Presumably if there's no RDGC, there'll at some point be no RDGC message board... as depressed as I've been by this ride at times, I've found the forum largely insightful- and maybe been buoyed by a bit of beleaguered camraderie as we all watch our money circle the drain >_<
Surely Ridgecrest was always 'doomed'? It was going to become Blue Air, now something else (albeit rather watered down). There's a glimmer of hope here for those with patience. I imagine the board will not want to upset those heavily invested as they may well want to do business with these folks again.
Thanks all, yes I agree.
Agreed. I was just pointing it out to donnysmind.
Seems the BoD are trying to get everyone's money back, either through the acquisition of shares in this hospitality company or, if the deal fails, simply distributing whatever cash is left. Either way, RDGC is doomed.
antelope, no surprise that's just normal practice.
RDGC will cease to exist...
" It is then currently intended that Ridgecrest's shares in the hospitality franchisee will be distributed to shareholders pro rata to their holdings of shares in Ridgecrest as part of a process to wind up Ridgecrest (and any surplus cash will also be distributed to shareholders)."
Some thoughts on what might/could happen..
- RDGC completes the investment in target. Hopefully value is not as high as the £50m stated in the RNS.
- target acquires other franchises and increases in value between now and listing on Aquis
- target lists on Aquis in 2022
- value growth from RDGC investment to listing increases value of RDGC investment, and therefore, the shares in RDGC
- shares held by RDGC are distributed pro-rata to shareholders on target listing who now hold shares in the listed target
Using someone else's calculation, if the current value per RDGC share (being £1.7m/number of shares in issue) is £0.38, then the above scenario should help in increasing that at the point of listing (and when we can trade shares in the listed target). That is still below what many of us would have paid for them but at least there is a chance the value could increase.
Of course, of the investment in target doesn't happen, then I think we just get £0.38 per share held.
I may have this wrong, and this is all in my opinion. I am just trying to work out where we stand and what could happen.
What do you think?
Well always one yo accept if wrong and I was re position of existing shareholders. So we will get a slice of the new cake if they manage to complete a deal. At least it will be yet another share I don't have on the corrupt and wold West AIM.....These days. Use to be the place to make more money.
Hopefully rdgc BOD finally get their shot together
Time to get in the hospitality sector while it's on it's knees. Let's hope so for all holders.
An update! Hope springs eternal.
Patience (and luck perhaps) required but some time in Q2 we may own up to 5% of a £50m plus MCAP high street franchise...
And then we may see a AQSE listing around mid 2022?
Hopefully this all goes to plan...