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***en39 the rns says exactly where the money is or isn't coming from "Â the consideration will be satisfied entirely by the issue of new r8 shares". based on this no money changes hands, redwood bank share holders will become the majority shareholders in r8.
Nobody can say that as we don't know where the £50m is coming from for the RTO.
New institutional shareholders (on what terms)
Retail Shareholder H fund raise (probably too small to move the dial)
Debt (on what terms)
Another method
We just have to wait and see but I am hoping for something that doesn't dilute us into insignificance.
GLA
@***en39 so what do you think will be the opening price when relisted with what we know?
Everybody is taking on maximum risk with this so would like a significant return on the risk taken when buying at 2-4p.
Lets see if the Crypto narrative plays out, the UK are still very far behind other parts of the world (no ETF's, no relaxed tax rules, no airdrops, no staking, no on/off ramps, no green lights for any CEX's or DEX's)........ They have a long way to go and its not really on the UK agenda.
GLA
Would be happy enough at 8p and think will get to that soon either at relisting or shortly after if not higher, redwood do seem to be processing nicely
What would be the minimum you would all be happy with?
2p
4p
8p
10p?
or need more?
Think most see value added with the crypto license and with the directors seeing a future in it
Interesting comparison using very crude numbers Redwood has about 5% of the Tesco Bank Assets (£570m vs £9.9bn) & Deposits (£4870m vs £8.5bn).
Tesco just sold for £600m which would crudely put Redwood at £30m.......
In reality banks are more complex than this but £50m RTO feels like top £ for whoever is selling out of that side.
GLA
Would take 20p and could be likely
Think I just want my money back now please. Really did not expect to have funds tied up for this long, could have doubled this by now. Hoping whenever it happens it opens at minimum of 5p. Further hoping of 20p.
😴
Indeed , could updated us how they are proceeding
Even a update to say all is looking good for completion in the coming months
I hope it 10 folds plus re entry as well Djmtrading 91 Johnathan should at least give us an update to keep the loyal investors dreams alive here
Can we trust Jonathan Rowland to deliver? That's the burning issue but it sure is monotonous waiting here for some crumb of news on what fate awaits our collective investments.
Need like a 30x rise to get back to what most folk are locked at from ipo
Your not alone :)
I hope this 10 folds to 20p re entry price
:(
Would love to but who knows , no i doubt we will hear anything till the summer
Do we think we will get one before end March ?
When organisations get in trouble one of the first things they do is sell the family silver to raise cash. It sounds like Warrington Council have an unsuitable debt and also the added factor of public scrutiny. I don't think they will have the luxury of waiting for their investment to grow.
If they did do a private placement they would control the price, probably at a discount but private placements at premiums are not unheard of.
Again think your wrong, they will not sell anytime soon imho and maybe the terms of the RTO will be more so in R8 favor so even less impact
An investment that Warrington Council probably find challenging to sell until Redwood are made public.
I'd imagine they try and dispose as quickly as they can once the reverse takeover has completed. If this is the case would it be a private placement or sold publicly, either way would be a big risk to the share price.
A BBC report today on the current debt crisis faced by many local councils mentions Warrington and its investment in Redwood Bank:
https://www.bbc.co.uk/news/uk-67707156