Ridgecrest Share Discussion Threads

[master rsi] 28/3/2021 21:49

Ways on how to value the Company at the moment.

# There is an intrinsic value on being a shell company.
# The value in the cash retains after the placings.
# A competent Management that has done value for shareholders on past occasions.
# Large shareholders can introduce and help on the acquisition RTO.

[sloppyjoe2] 28/3/2021 21:15

yeah, but WeWork isn't reverseing into RDGC, is it?

and you were *catastrophically* wrong about IQAI, so...

[master rsi] 28/3/2021 20:26

Only posters with brains will understand the value of such RTO for spac's shares

[sloppyjoe2] 27/3/2021 21:19

Not sure what any of that has to do with RDGC...?

[master rsi] 27/3/2021 17:51

WeWork Agrees to SPAC Deal That Would Take Startup Public / March 26, 2021 6:01 pm

WeWork has agreed to merge with a special-purpose acquisition company in a deal to take the shared-office provider public nearly two years after its high-profile failure to launch a traditional IPO.

The planned merger with the BowX Acquisition Corp. SPAC values WeWork at $9 billion including debt, the companies announced Friday. As part of the deal, WeWork plans to raise $1.3 billion, including $800 million in what is called a private investment in public equity, or PIPE, from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management and others.

The Wall Street Journal reported in January that WeWork was in talks to combine with BowX.

WeWork is a big player in the market for flexible office space. It signs long-term leases with landlords, then after renovating a space and furnishing it, subleases small offices or even whole buildings to tenants for as little as a month at a time.

Should the merger close in the coming months as expected, it would cap what has been a long and bumpy road toward a listing for WeWork, which was once the country’s most valuable startup......

[crosschris] 27/3/2021 00:43

hxxps://www.wsj.com/articles/wework-agrees-to-spac-deal-that-would-take-startup-public-11616752804?mod=hp_lead_pos4

[cielos] 26/3/2021 17:20

I only managed to buy 139K by the end of the day better price anyway.
Let's be fair, by any measure it's oversold plus the board here are amazing, being much the same as AAA and other's with a good share appreciation.

[master rsi] 26/3/2021 16:20

Some late buying is taking place

[goofrob] 26/3/2021 15:11

Good afternoon. Interesting watching the comments on here and the share price I have to agree with Ebomber about the potential downside but feel a more realistic entry point for me is 1.00p...Ebombers 0.46 seems a bit low.
Anyway as its toopy I will continue observing. GLA.

[pointscorer] 26/3/2021 12:37

LOL!!;
It was clearly explained why John sold 1% for his new SPAC listing MTS Plc and only days ago you were saying about the RTO is where the value is;

eBomber - 22 Mar 2021 - 16:23:07 - 776 of 887 Ridgecrest: Ready to go places & Multibagger - RDGC
Why does it appear John Mahtani is now bailing in the Holding RNS timed at 15:54 today?

Surely you would wait for the real payday when something is reversed into this shell.

[master rsi] 26/3/2021 12:29

MMs killing the goose before it can fly?

Was 1.75p bid last time but =is at 1.70p now
But if you want to sell you get 1.762p

It tells you the games they are playing
wide the spread and put off everybody

[ebomber] 26/3/2021 12:09

CASH IN BANK WORTH OVER 300% MORE THAN ITS FACE VALUE TODAY

Fact is investors in RDGC today currently valuing up to £2 million of cash in bank of this shell company at over £8 million.

300% HOPE VALUE
______________________________________________________

0.44 pence reflects what is in the public domain and in the bank.
______________________________________________________

ENTERPRISE VALUE with JUST CASH to value.

Beggars belief ................ but some are very sensitive about the basic fundamentals presented today.

[onsideman] 26/3/2021 12:07

Haha, yes kemche... whilst at times still claiming that he "and his associates were buyers"

[kemche] 26/3/2021 11:43

JohnMa did some metrics at TERN and came up with a sum of the parts valuation of circa £26 billion - if memory serves correctly.

So there is that.

Before he sold.

[onsideman] 26/3/2021 11:38

Another poster who has no idea what Enterprise Value means. Look it up, you'll be embarrassed. I'd recommend you remove your nose from John Mahtani's a*se otherwise you won't be able to see where you're going...

[pointscorer] 26/3/2021 11:25

you know exactly what's going on here and clearly have a reason for your negative sentiment (mmm, a lowere entry price) maybe;
These are all companies JM has been involved in;


eBombereBomber - 20 Jan 2021 - 09:33:12 - 235251 of 246134 TERN, encrypting the cloud and Internet of Things. - TERN





When the likes of -

PIRI - NAV of 2.09 pence (last accounts) - trading today at 15.0 pence

AAA - NAV of 0.11 pence (last accounts) - trading today at 20.3 pence

TERN - NAV of 7 pence (last accounts) - trading today at 7.75 pence

___________________________________________________________________

No need to be obsessed with NAV when enterprise value is the key valuation metric.
___________________________________________________________________

It would appear a rather large disconnect at TERN plc with world class investments at Stage 3 and a whopping upward gap to be filled to reflect true value

#fillyerboots

#ticktock

[onsideman] 26/3/2021 11:14

So what's the basis of your brilliant and extensive research then? Rich people have bought lots of shares therefore I'll get rich too if I do the same?

[pointscorer] 26/3/2021 10:42

eBomber
Do some research numpty.
The management in Ridgecrest are the same involved with AAA and other start ups, which have all achieved huge multiples. They have already stated that they have had several approaches from potential interested parties and are reviewing their options. Ashok Patel, John Mahtani are just 2 TR1 holders holding @ 11-12% between them, there are other 3%+ holders, all long term.
You're here spouting off with actually not researching anything that is all in the public domain
In fact, surprised your not aware of JM'S recent success with Tern, as you seem to know a lot about that company

[onsideman] 26/3/2021 10:23

Oh behave. If John Mahtani was expecting 20p why didn't he sell something else to fund his sudden and apparently unexpected requirement to fund his own SPAC?

He was banging on about PNPL a couple of weeks ago. I wonder how many people fell for that baseless ramp and are now nursing 50% paper losses?

He's not the messiah, he's a very naughty boy

[dealer66] 26/3/2021 10:21

Ukog hit 1 bill cap with 3 milk bottles & can of castrol from Halford.

[pointscorer] 26/3/2021 10:17

The share price is on the experience of the present management and what they have delivered with other SPAC's (AAA 38,000%) and so the expectation is high and will increase. John Mahtani is expecting @ 20p and was being conservative.
AAA is now 50p and so has gone even higher.

[ebomber] 26/3/2021 10:09

It is a puzzle how up to £2 million cash in bank can be valued at £8 million. Considerable HOPE VALUE built into the current share price.

Over £8m market capitalisation today with what appears to be just a cash shell with up to £2m working capital.

300% premium at today's share price.

0.44 pence reflects what is in the public domain and in the bank.