Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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?
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)."
antelope, no surprise that's just normal practice.
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.
Thanks all, yes I agree.
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.
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 >_<
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?
I think we will all have to move to Twitter once the BB disappears
Set up a Telegram group?
Chatter on Telegram that the deal may be with
- The Adil Group
Nothing concrete but an interesting discussion.
Telegram would be great if someone creates and post a link here to join
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!!