Ridgecrest Share Discussion Threads

[festario] 25/10/2021 22:23

Master, I don't trust Edwards, or anyone else who has been ramping, whilst trading in and out of this... or many other AIM stocks.

[master rsi] 25/10/2021 22:20

Festario

Keep calm, the bad news takes time to settle on everyone and on yourself.

[master rsi] 25/10/2021 22:16

From another thread, ( chat board of eua millionaires and Edwards posted below ...

" True. Robert T is and should be acting in the best interest of the shareholders

Perhaps one of PIRI’s investments could be an opportunity I'm sure his is m8.
He set the £25m raise target for blue air.

He had a built in fee for failure to comply which I'm sure will be revealed soon.
He has terminated the deal not Blue air.

There will be a plan B.
If a raise is needed after Jan 5th I'm confident it will happen and I for one will take part "👍

[festario] 25/10/2021 22:13

Still Waiting never was very bright.He's spent 6 years and over one hundred THOUSAND posts on TERN slavishly waiting for something to happen.

[still waiting] 25/10/2021 19:56

Get budget out the way and hopefully next target announced.

Zzzzz

[hastings] 25/10/2021 11:04

Good news as far as I'm concerned, a better proposition hopefully and closer to home!

[dealer66] 25/10/2021 10:54

Hugely disappointed, this is why folk left aim en mass to trade crypto .

Game not over but not good news

[paraguay] 25/10/2021 10:48

Agreed Sweepie. I wonder what else they have up their sleeve.Seems strange that Air Blue couldn't raise the pre-rto funding - re-air travel opening, no-frills airlines load factors increasing.
Back to sleep for the 10p by Christmas brigade.

[sweepie2] 25/10/2021 10:17

The Company anticipates being able to make a further announcement regarding an alternative transaction in the near future.

One crumb of comfort " In the near future"

Not good news no matter how you try to cut it

[master rsi] 25/10/2021 10:00

Let's start again then ..............

Ridgecrest
Update re proposed reverse takeover of Blue Air

Ridgecrest, an AIM Rule 15 cash shell, has terminated negotiations on its proposed reverse takeover of Blue Air*. This is a consequence of Blue Air's inability to raise the pre-RTO funding that was the principal condition of the non-binding heads of agreement between Ridgecrest and Blue Air's vendors referred to in Ridgecrest's announcement of 6 July 2021.

The Board of Ridgecrest has concluded that it is in the Company's shareholders' best interests to pursue an alternative transaction. The Company anticipates being able to make a further announcement regarding an alternative transaction in the near future.

Trading in the Company's shares was suspended on 6 July 2021, pursuant to AIM Rule 15. If the Company does not complete a reverse takeover or become readmitted to trading on AIM as an investing company under the AIM Rules within six months of the suspension, it is expected that trading in the Company's shares on AIM will be cancelled.

The Company expects to announce its final results for the year ended 31 March 2021 later this week.

* Blue Air is defined in the announcement of 6 July 2021.

[dealer66] 12/10/2021 11:12

Tick -tock .
Here comes the 10p clock !

[dealer66] 02/10/2021 06:40

Is no news good news? Surely if it was going to fail we would have heard nearly 3 months in .

Saying that a update would be very welcome maybe next week

[57eady eddie] 01/10/2021 15:17

I know they're aiming for the listing early next year, but have they said that they would give an update in the meantime? Would definitely give some reassurance if they did.

[still waiting] 28/9/2021 19:34

Update must be close now, let’s hope it’s ready to fly.

[dealer66] 28/9/2021 18:16

Be no shock if this lists above the 500 mill stated .
Expecting great profit on listing & even better hold moving on .


Bring on the news

[master rsi] 26/9/2021 22:20

Waiting for news of the date of the proposed listing and details.
Blue Air could succeed and outgrowth the competition
Passenger numbers have risen as expansions were announced

[master rsi] 19/9/2021 20:14

Last Friday change on the UK will help also ....

(Alliance News) - Holiday bookings are expected to soar after the UK government announced a relaxation of international travel rules, but concerns have been raised over a changed approach to Covid-19 testing.

Transport Secretary Grant Shapps revealed on Friday that the traffic light system is set to be replaced from October 4 by a single, reduced "red list" of destinations from where travellers arriving in England will have to quarantine in a government-supervised hotel.

People who are fully vaccinated will no longer need a pre-departure test before returning from non-red list destinations, and from the end of October they will be able to replace the day two PCR test with a cheaper lateral flow test.

Alan French, chief executive of travel firm Thomas Cook, said October half-term bookings were up 200% compared to August and he expected this figure to increase as a result of the changed system.

"Based on our bookings already today, I would expect this weekend to be the biggest of the year so far as people take advantage of the great deals on offer, the new easier rules on testing and the simplified system for international travel," he said.

Andrew Flintham, managing director of holiday company Tui UK, part of Tui AG, said he had already seen "an uptick in bookings for Turkey in October" and expected a boost in customer confidence with the new rules.

Online travel agency Skyscanner said it saw a 133% spike in traffic in the 30 minutes following Shapps's announcement, while there had been "huge increases" in searches for destinations such as Turkey and the Maldives in anticipation of Friday's news.

[still waiting] 19/9/2021 14:35

Tb, not yet.

With global travel markets starting to be reopened and the expected 2 year boom about to kick in, I hope they conclude this rto soon.

[festario] 15/9/2021 12:36

It's suspended, pending exactly that deal.

[tburns] 15/9/2021 12:28

Sorry bit behind the times here, has Ridgecrest reversed into Blue Air?

[guppy57] 15/9/2021 12:24

Fingers crossed!

[still waiting] 15/9/2021 07:06

Hopefully everything still on track.

Would be nice to get an update.

[master rsi] 13/9/2021 22:11

Blue Air receives 4th Boeing 737 MAX 8 aircraft in its fleet
ByAndré Orban - 9 September 2021

Blue Air announces the entry into operational service of the new Boeing 737 MAX 8 aircraft, registered YR-MXD. Blue Air received today the 4th Boeing 737 MAX 8 aircraft in its fleet, after the arrival of the 3rd aircraft of the same type a week ago.

All four new aircraft were brought to Romania in the last six months of this year, the first coming on April 1, 2021.

Blue Air is the only Romanian airline that operates commercial flights with a 737 MAX 8 aircraft. The new Boeing 737 MAX 8 aircraft, registered YR-MXD, will enter operational service tomorrow, September 10, 2021, operating the first commercial flight from Bucharest Otopeni to Milan Linate and to Amsterdam.

Krassimir Tanev, Chief Commercial Officer: “We are pleased that in six months we managed to bring in Blue Air fleet four Boeing 737 MAX 8, despite the complicated situation generated by the pandemic. These moments support Blue Air’s commitment of being the first air transport option for Romanians, offering increased comfort and a much more pleasant flight experience for our customers.”

MAX aircraft operate flights on Blue Air’s most attractive destinations – Milan Linate, London Heathrow, Amsterdam, Barcelona, Lisbon and Paris Charles de Gaulle.

[dealer66] 09/9/2021 18:09

More planes delivered today & more to come !

[still waiting] 06/9/2021 22:06

2 months on, we can see blue air is cracking on trading wise, is paperwork still on track ?