Ridgecrest Share Discussion Threads

[halfbutt] 01/4/2021 08:16

Is anyone starting to get worried... I made 3k profit and the re entered and now net of 2k down with another 2k to lose in total if it goes under... lost too much now not to bother selling what's left....

[nakedmolerat] 31/3/2021 15:38

sloppy seconds and e'bummed filtered

[dungraftin] 31/3/2021 15:19

Ebomber....why don't you just stick to the tern thread.

[tburns] 31/3/2021 15:09

The wider issue here as has been stated is that if they do not identify a viable RTO within the 6 months from launch then they effectively can be wound up for NAV value alone which is a big discount on where we are now. It has to be the right RTO, 4 months or so left to identify it. Think it will drop more in April although still got multibag potential if it comes off. That's the gamble as the company has effectively advised.

Taken from header.
Pitfalls
The company has a time limit of 6 months to make acquisitions, otherwise will be suspended till this happens.

[sloppyjoe2] 31/3/2021 15:05

I think MRSI needs to take his candlesticks and shove 'em where the sun don't shine...

[ebomber] 31/3/2021 15:05

FACT IS CASH IN BANK STILL WORTH OVER 240% 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 £6.9 million.

240% HOPE VALUE
______________________________________________________

0.44 pence reflects what is in the public domain and in the bank (CASH divided by NOS OF SHARES).
______________________________________________________

ENTERPRISE VALUE with JUST CASH to value.
_____________________________________________________________

EV= MC + Total Debt − C

where:

MC=Market capitalization; equal to the current stock price multiplied by the number of outstanding stock shares

Total debt=Equal to the sum of short-term and long-term debt

C=Cash and cash equivalents; the liquid assets of a company
______________________________________________________________​

Good luck all holders; news desperately needed soon to address HOPE GAP.

[daicaprice] 31/3/2021 10:19

Comfortable dipping a toe in down here, honestly didn’t think I’d get the chance again.

DC

[32campomar] 31/3/2021 09:44

Still very confident, and TBH I'm really pleased about this decline - hopefully we will stay at these levels for next week when the new ISA year begins and I can put some in there. Ludicrous to sell at these levels but there are always end of tax year considerations with losses being crystallised to offset gains elsewhere - and the market makers know this !

[master rsi] 31/3/2021 09:20

NOTE

Past RNS
IG Group Suspends Margin Trading in 900 Small Cap-Stocks
IG will only prevent customers from placing new margin trades on these stocks

Small cap shares have been volatile and maybe will last a few more days as IG may close positions of companies that no longer market.
From the 29th March they can close any open positions says the email to clients.

[master rsi] 30/3/2021 22:51

... April is coming

Sell in May and go away

But you can NOT go on Holiday's abroad early May

[ccr1958] 30/3/2021 22:49

This getting a right kicking will be buying more cheap as ..

[master rsi] 30/3/2021 22:43

re - Anyone checked on pointscorer?

what do you mean- onsideman ?

He/she seems like knows too much or is too bullish

I never tell posters to buy stocks, but alert them of possible movements and the reasons why.

[master rsi] 30/3/2021 22:40

There is a poster with no BRAINS but BIG mouth, the double bottom is at 1.55p and that is where we reached today.

Now has become a STAKER ( sloppyjoe2 ) following me at MXC, and has come with the other Nickname (broken record) that stop using after going (blue meaning paying ) until today, that already knew after going "blue" with new nickname.

On top is now a WELL known LIAR as saying yesterday ... I was filtered, but numerous post-reading mine of course.

[onsideman] 30/3/2021 20:51

Anyone checked on pointscorer?

[sloppyjoe2] 30/3/2021 19:10

'Master' RSI - looks like your reputation is vanishing in a puff of smoke - much like the value of our investments in this lame dog.

[ossification] 30/3/2021 18:55

'Just staying quiet, and waiting, nothing to say'

[petersmith6] 30/3/2021 18:52

I've halved my holding with an order to buy at 1.2p

[dealer66] 30/3/2021 18:37

Disapointing action here, actually think next rns may be suspended pending rto

[festario] 30/3/2021 18:19

I'm not sure about scurrying away.It's certainly looking weak, but I've seen no notification of big holders reducing.I'm not reducing, just staying quiet, and waiting, nothing to say.

[master rsi] 29/3/2021 23:52

Que sera sera

[master rsi] 29/3/2021 23:43

Rule of how share price move by MMs

Today buys and sells were almost even (don't take the 1.2Mx2 into account as is a rollover)

MMs to move the share price higher need to be close to 3 buys to 1 sell
So today's even buy/sell the share price will move lower as it happened.

There is nothing strange about bringing the share price lower, MMs have the ability to do so, as they need the chart to signal the next move. So bring the share price to a double bottom ( close to last Thursday and up again ). Fill the book with the sales and get buyers again on marking the bid higher afterwards.