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RTO lol
Wouldn’t be too hasty to write this off , if they do the rot with F2F, share holders will in all likelihood do very well GLA
Company is a joke tbh .
Do you honestly think if F2F was such a great thing , it would be possibly be doing a RTO with a pos like this ??
Nope BT / Vodafone etc would just take it out .
Constant jam tomorrow whilst funds get whittled down
RDGC accounts for 31.03.22 lodged at companies house. From Chairman's statement "work on the RTO transaction is yet to commence" & "it is not expected that any RTO will occur until later in 2023"
Did you hear anything for somewhere Johnny
Looks like a RTO of Fast Fibre ….relist later in 2023
Nothing I’m afraid. Just lots of wishful thinking
Any rumours on the telegram group
It’s just corporate loose end tying, reappointment of auditors etc. but hopefully AGM in London a sign of news by 7 Feb?!
And a chance for investors to vent maybe?
What was the vote regarding terrier
Yes just voted.
Fingers crossed things move forward.
Morning all, I had an email from IG this morning about the AGM which is on 1st Feb 2023. Had a look on the website but no AGM agenda etc, was hoping this may have an update about Fast2Fibre.
Have any of you had anything as yet.
A bit of news here would be nice. Wonder if anything happened with CEPCO or Vodafone in Germany
Still showing on JP Jenkins but I bet you couldn't sell any at all.
No sign of any update??
Feels like game over here .
Email ignored .
I'll be staggered if this lists in any entity again
I have to agree . I've written off my money although it's not dead in the water so to speak .
I think it's best not to include it in any planning/ future use
These people dont respond to any comms. They dont update in any way about what they are doing, as far as I can see they have stolen our cash, anyone like to tell me otherwise, as they have had months to announce a contract for fast2fibre and the whole of the UK is as busy as hell installing fibre....
probably not till Q1 at the earliest.
Any sign of update here?
Thanks, MRSI, reads well,maybe we'll get something afterall.
Update on the Company's investment in Fast2Fibre - 9Sep 2022 - Investigate
On 31 March 2022, Ridgecrest announced its investment of £300,000 in Sparkledun Limited ("Sparkledun"), the parent company of Fast2Fibre, in the form of a convertible loan note (the "Initial CLN") and that it had agreed to subscribe for a further £200,000 convertible loan note (the "Further CLN") in Sparkledun on the same terms as the Initial CLN, subject to Sparkledun raising at least £1 million as part of a separate equity fundraising.
In advance of Sparkledun completing its separate proposed equity fundraising, Ridgecrest has now made an additional investment of £250,000 in Sparkledun in the form of a new convertible loan note (the "September 2022 CLN"). The September 2022 CLN, that supersedes and replaces the Further CLN which has been terminated, is unsecured, carries an interest rate of 10% per annum (payable on redemption) and, unless otherwise agreed between the parties, is to be repaid by 31 December 2022. Ridgecrest may elect to convert the principal amount of the September 2022 CLN and all accrued interest into a minority interest in the ordinary shares of Sparkledun at a price (subject to a downwards adjustment in certain customary circumstances) of £32.05 per share.......more
https://www.investegate.co.uk/ridgecrest-plc/rns/company-update/202209090700087952Y/
Correct
£300k March into F2F
Further £250k
£950k for further investment and their portion of RTO and listing costs
Love the optimism, I'm in for a reasonable chunk here so here's hoping.
No worries.
That’s pretty much it, yes. They had around £1.5m when cancelled if memory serves me…
Hopefully a wise investment and Sparkledun can seal some deals in Saudi, Germany and maybe elsewhere before the RTO in 6-9 months time, so we have clear value and list above 2p equivalent with potential for greater growth in the year to follow!
I read it as a £750,000 investment in F2F. So that and the £940,000 in cash is everything?
Ty for the response btw