RE: Potential27 Dec 2020 22:17
I bought in originally for the tech recruiting business as I think there will be huge upside in that sector next year, but always saw value in the listing and I normally have 2 potential RTO shares in my PF. There was a plea for funding but the major holder did not want to put anymore cash into it or be diluted (he had wanted to do a mandotory offer when he bought in but would have been blocked by the other major holder). So most can understand the relationship was not great and further funding was a no go.
Rob has done a brilliant job to get the company through this crisis afloat and getting a buyer for the subsidiary's would have taken some negotiating.
There has to be a name change and I think there is nothing in the name Ridgecrest assuming it's an intermediate name as it has to change from Nakama due to the sale of the 3 Nakama named subsideries. As per last RNS they have not held any talks with any potential companies.
The company going forward will need a new board maybe Tim will just sit as Chairman until/if the RTO or investment comes to lite.
Will Peterhouse manage to pull another masterstroke who knows, what will be interesting is if long term major Shareholders on the list are still holding and have not sold into the liquidity. Before the 2 sales there was only 15% shares in circulation, hence how it is always hard to buy. I built up alot of my holding when it was NT which many avoid but the trades used to come within the spread.
People saying its being ramped but its just traders taking positions into a shell (not many around) those saying it are probably the ones who either have sold on the rise or missed the recent rise. If it did another rise you would think the company would have to state if they are in any talks.
In summary it has 6 months to reverse or it will delist, now its all about what the board/brokers can produce.
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