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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...
From Hargreaves:
'Our Corporate Actions team have confirmed that Ridgecrest plc will be delisting as they have failed to complete a reverse takeover.
The stock is due to relist on the Aquis exchange, however no date has been specified and currently Ridgecrest plc is still suspended from trading.'
Pretty much what Africanskies said. There's nothing at the moment. A little hope there may be something on Aquis. That's all anyone knows. Our broker's Corporate Action Teams will let us know if/when something happens.
Even if they (RDGC) do agree terms with the target company (and they have not yet confirmed that they have, or who they are even, or the terms etc) you would need to be registered with one of these AQSE retail brokers in order to sell/buy shares in the newco:
https://www.aquis.eu/aquis-stock-exchange/for-investors/retail-brokers
I would wait for news from Ridgecrest. Until then there is little you can do.
Other than this croc of sh** I've had a great day today as I'm also in #BLU ??(+35% on the day)????
You win some, you lose some!
From Bentleys post on the 20th Dec:
Ashok Patel: 8.41%
D & G Hart: 7.40%
P4 Capital Limited: 5.09%
Edward Peter John Spencer*: 5%
Ken Ford: 4.24%
Paul McKillen: 4.01%
Richard and Charlotte Edwards: 3.6%
Flare Capital Limited: 3.40%
John Mahtani; 3.28%
Edward Andrews: 3.03%
Sarah Louise Spencer*: 3%
Guess it’s just a case of waiting for further announcements as promised in the report published 17th Dec. I was double my money at one point, when will I learn to take profit haha
In hindsight it was always bad that the Dirs didnt buy any with their own cash...
Always the case.
Just options at 1.8p I believe?
Also, if you look at their web-site it says directors share interests -- zero can anyone remember if this was previously the case ?
The only thing I would say is what are the major shareholders who have put £100k+ into this are saying, surely everyone misses £100K+ ???
And assuming RDGC invest the approx £1.6million in that Company and assuming it does list eventually on AQSE you’ll then own a tiny Pro rata share of that Company and potentially can trade your share.
Devil will be in the detail
There is no AQSE listing!
Yet, anyway.
Our money has gone. The shares in RDGC are no longer listed so can’t trade.
Limbo.
Until such time as the Company advises us on deal progress and hopefully confirms date for listing of the mystery ‘hospitality’ company.
I checked with the Halifax who said the shares will stay in my account, but in order to trade them I have to move them to a broker who trades on the AQSE. Can anyone here can recommend one?
Not showing on AQSE listings…. As yet.
I would like to know this too -- no info on the company web-site, has our cash gone pooof ? Most of all where are the rampers who said 'easy 10 bagger' 'just topped up again' etc etc etc and other mindless BB drivel ?
So did mine, I have HL also. I was wondering if they would transfer them automatically to AQSE??
My shares have disappeared from H&L, obviously I realised something was gonna happen and the shares would be delisted. But is that it now? Anything else going to happen or is that money gone?
Certainly deserve it after all the bad news.lets hope it's on really good terms.
RNS this week. Hopefully bringing some promise and New Year optimism!
So just to confirm, as no one here has replied yet, do we need to transfer our shares to AQSE calling our broker or it is done automatically?
So just to confirm, as no one here has replied yet, do we need to transfer our shares to AQSE calling our broker or it is done automatically?
In layman's terms I think its just more smoke and mirrors from the board......