?9 Dec 2021 15:11
As at today, the Company has approximately Β£1.7 million of cash. Currently, the Company is in advanced discussions to invest a significant proportion of its 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. Discussions are at a preliminary stage and there can be no guarantee that a transaction will proceed.
Advanced discussions or at preliminary stage ?
Contradicts itself ?..who knows.