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Mmmmmmm
There is a price of 1.1p showing now.
Interestingly enough, when I Google ridgecrest the top search is a cleaner's. How apt, we've all been taken. ??
How will the mechanics of this work ? ie you have say 100,000 AIM shares prior to de-list, how do they know how many shares you had ?
Hah! This is true. Conversely I was a bit reassured that there's a potential path to profit even if they don't RTO. Because what is it now; fourth, fifth time's the charm? Not holding me breath for successful fundraise this time!
Need to sit this out as it's early stages atm.
Fingers crossed.
What are peoples thoughts? Called HL, my broker, to see what my options were and from what they said it seems they don't trade directly with JPJ... rather than messing round changing brokers in inclined to wait it out and see what comes of the agreement. Has anyone tried (successfully or otherwise) trading this either way yet?
Mafioso, I kept on an eye on JP Jenkins because of your post and I think you were right about news. They have got a price of 1.2
Ridgecrest Plc (formerly Nakama Group Plc) became an AIM Rule 15 cash shell (“AIM Cash Shell”) on 5 January 2021. Admission of Ridgecrest’s shares to trading on AIM was cancelled on 7 January 2022.
On 31 March 2022 Ridgecrest announced that it has made an investment of £300,000 in the parent company of Fast2Fibre Limited (“Fast2Fibre”) and has committed to invest a further £200,000 at a later date on the achievement of certain conditions. Fast2Fibre is a UK technology company with an innovative, patented solution for upgrading cabling. Fast2Fibre’s patented copper replacement solution allows the inner core of buried or ducted copper telecommunications, coaxial or electrical distribution cables to be extracted and replaced with fibre, without the need for excavation. The initial target market is telecoms companies, both domestic and overseas, installing fibre from exchanges to homes and businesses. The market is being fuelled by customer demand and by a requirement from governments around the world for fibre-enabled networks. The secondary major growth opportunity is in the power sector.
After its investment, Ridgecrest retains cash balances of approximately £1.2 million.
RDGC now appearing on their website.
No trade price set as yet.
Expecting an announcement tomoz.
Will be luck if we can trade in for more than 0.25
Been a long time coming.Lets hope it's good news.We definitely deserve it.
Short of monitoring the basic web site on a daily basis I dont know how the company even knows who hold what shares ?
Tried to call them corporate number is now for a different company left messages no one has ever got back to me.
Let's hope we get some good news before the end of march with regards to this company we are investing in. I had high hopes for rdgc but I agree, it's been very disappointing so far but our fortunes could change. We'll have to wait and see boom whether this silence turns out to be golden.
Until we know more, it's all assumptions.
rthesiger@ridgecrestplc.com
You would have at least expected a email address
These are the only details on the website. Robert Thesiger
Chairman
t: +44 (0) 7714502807
Head Office
Bourne House
475 Godstone Road
Whyteleafe
Surrey
CR3 0BL
+44 (0) 1883 34 11 44
The ridgecrest website doesnt even have an email address...
Not quite game over - option to invest in the high street catering/restaurant business is presumably still on the table. And failing that any remaining capital to be returned to investors pro-rata share holding - whatever there is left if/when they reach the complete end of the road. Legal obligations still to be fulfilled. As the message says - keep an eye on the website for any updates. Expect nothing and you might be happily surprised at some stage!
Yeah,it’s game over
Ok thank you. I have really just written off the money and don't expect to see any of it again!
They're placed on hold until the Company decides what to do next, so we have to check the Ridgecrest website for updates.
Yes, I got my notification too. What exactly does it mean? We still own shares but as they are not listed on the market we cannot sell/buy them?
Finally had my notification from Halifax:
Cancellation of Listing on the Alternative Investment Market (AIM).
Important Information & Other Key Dates:
Following suspension of the Company's shares to trading on the AIM on 7th July 2021, on 6th January 2022 the Board of Directors announced that the Company's Ordinary shares would have their listing on the AIM cancelled.
Subsequently, the Cancellation of Listing became effective on 8th January 2022.
Following the Cancellation of Listing you should be aware that you are unable to buy, sell or otherwise trade your Ridgecrest on the AIM.
As the Ridgecrest shares are no longer listed on a Recognised Exchange and therefore no longer qualify to be held within an ISA product, should you hold these shares within an ISA, we will shortly transfer your shares to your Share Dealing Account. If you do not have a Share Dealing Account, we will open one for you.
We will notify you on receipt of any further information from the Company.
Should you wish to find more information about the Cancellation, please visit, www.ridgecrestplc.com
This just disappeared from my fidelity account. No mention of where it has gone. Money up in smoke