RE: Anyone know anything?22 Feb 2023 22:39
"The September 2022 CLN, which is unsecured, was due to be repaid by 31 December 2022. The board of Ridgecrest (excluding Robert Thesiger) has, in light of Fast2Fibre's current funding situation, decided to take no action in relation to the September CLN until 31 March 2023. On 31 March 2023 the Board of Ridgecrest (excluding Rob Thesiger) will need to consider whether to: i) convert the principal amount of the September 2022 CLN (and all accrued interest) into a minority interest in the ordinary shares of Sparkledun at a price of Β£32.05 per share; ii) demand repayment of the September 2022 CLN; or iii) take no action. Should Fast2Fibre fail to close its equity fundraising in the near term the Board of Ridgecrest (excluding Robert Thesiger) will need to consider it options."