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Always the case.
Just options at 1.8p I believe?
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.
RNS this week. Hopefully bringing some promise and New Year optimism!
As at today, the Company has approximately £1.7 million of cash. Currently, we are in advanced discussions to invest a significant proportion of our cash resources in a business within the hospitality sector and term sheets are being prepared. If this transaction proceeds the Board expects the hospitality business to seek a listing on the Access segment of the AQSE Growth Market in 2022 and it is currently intended that Ridgecrest's investment will be distributed to shareholders on a pro rata basis.
Read the RNSs Groover
There hasn’t been a further RNS. I expect it to arrive on 6th or 7th January confirming de-list. Hopefully also including an update on progress with the proposed investment in the hospitality sector Company. It would be very poor form to just de-list and not provide any concrete detail on what the heck is going on (if anything!)
I’m hoping they buy all they can and pump it massively before any selling starts!
He doesn’t do texting, that’s all I’ll say!
Agree it doesn’t sound good but we need more detail before anyone can make an informed decision. It’s the abandonment of RTO and shift to invest in a potential AQSE that needs justification. All I see at the moment further losses and more difficulty getting access to what’s left as AQSE can be illiquid.
I’m sure Patel, JM, Spencer’s will be leaving voicemails.....
Assuming the hospitality Company does list on AQSE as planned, yes it will show under that company ticker on your trading platform. I presume you mean x-o? They allow online trading on AQSE.
As for the target Company and likely SP. Total guesswork at the moment. You’re not alone in that pitch black room....
Advanced discussions with themselves (about their great idea to benefit all shareholders), but just Preliminary discussions with the hospitality Company they’ve been approached by looking for a hand out?
It might treble in a month of opening on AQSE! It’s so volatile anything can happen still.
Just hope the deal is sealed and it lists. At least that way, we get something back and the potential for gains remains. We all knew this was a punt based on Directors reputation.
Feel your pain, Boom.
I’m feeling same way. They always promise ‘shareholders best interests “ but this seems like a shaft ing ...
I can’t understand Directors logic at all at this stage.
An “All resolutions passed at AGM” RNS early Thursday afternoon ...?
End.
Next RNS 6 January?!
Not sure they’ve had enough time to do a deal. Suspect it’ll take months yet. But they’ve had time to target and start a deal. All the processing etc will see us into Q2 before re-list I reckon.
Hopefully RNS next week after Thursday AGM?
Cheers Don.
That’s my hunch too.
It is indeed, Mr Cautious.
But I’m not being a negferret....
Special Business (ii) resolution they're asking for permission to grant upto 50% of share capital. 225 million shares.
As ever, no problem with that if it’s raising for good reason and SP isn’t too discounted etc
I think a cancellation is the most likely / near certainty here. I don’t care as long as they get a decent enough RTO progressed and sealed by the Spring and then re-list at a price equivalent to 2p+. Be nice to be kept informed on a regular basis too once the board can say something. I think the only chance of this being an investment vehicle is if there’s a late failure of the RTO being worked on now. But I think there’s more chance of it folding if that happens owing to the timeframes involved?
Continues to be a rather frustrating waiting game of trust.... But I remain hopeful of a brighter 2022.