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RGDEQ: Bankruptcy Case Dismissed
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
RGDEF changed to RGDEQ, bankruptcy.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Someone smarter than me help out, is this anything? Danzik is now pushing QEGY ie.energy is their website. Does that mean they’re abandoning rgdef? Will they try to merge? I know a few on here we’re thinking that he’d try and use this ticker for a venture in AZ? Thoughts?
It looks like someone is slowly accumulating stock but doesnt want to pay up for it. Thats just an observation.
Any new updates? Been watching the bid/ask and not much movement. Want to get in if something is in the works.
Ridgeline Energy Services alive and well... watch for filings to hit
BK Done and dismissed
Shares still intact
AZ SOS Business License Reinstated and ACTIVE
Report here released yesterday
https://nysenewstimes.com/water-management-services-for-the-oil-and-gas-market-2020-top-countries-data-global-analysis-size-growth-defination-opportunities-and-2026-forecast/
Yeah that video is from 2013.
I don't know how accurate this is but if it is, means they reinstated the Calgary, Alberta Business license as well
https://beta.canadasbusinessregistries.ca/search/results?search=%7Brdx%20technologies%7D&status=All
I been digging in and the Ridgeline family of businesses was thriving before the oil crash and the RGDEF bum deal Dennis signed off on.
It took a couple years for most smaller companies to pull out of the crash but with the CWT deal it took RGDEF longer
All DD points to its free and clear of debt now and imo I really don't see Tony letting RGDEF go by any means.
IMO it would be foolish to bring RGDEF so far after 2014 and just wash it all away and he doesn't come across as a fool by any means
Yea you may be right this looks old judging from the youtu video.
I don't think so because the day the volume spiked was the same day Tony got the AZ state license active
I saw this but didnt get it. It may be MAYBE that this freight collector agency has something to do with this stock uptick?? Just guessing here, Im trying to get back up to speed on this one that I thought was XXXX.
http://referral.aviva.co.uk/renewable_environmental_solutions_llc.pdf
Sorry for the last post, just very aggravated because I can't access my trading platform today... it's a worldwide issue because of the coronavirus bum rush to the market
CDEL is on the bid, Citadel I think.
What mm is on the bid? Friggin L2 down on my end
Everyone might want to pick up some and put theme away
It will move fast when merger news comes
Seems like only 3-400k shares floating around, there was 93k at .075 Friday, after that if ppl hold, yeah, it could move very fast imo
It really thin float 100k shares can move it fast
Big things are coming here
That was 6 years ago
RGDEF one for 6 reverse split: Be Careful Screwed Shareholders last time around!
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/09/2014&mkt_ctg=NON-OTCBB
If you look at the financials from 2014 back to 2009, they always had millions in assets, revenues, and shareholder equity.
The pps always traded in dollars and the o/s was never less than 29 million, right where it was last reported and hopefully still there.
Point is Tony knows what he's doing and imo he's ready to do it again.
I have to agree. Tony didn't put in 5 years and 2 BK's to clean it up just to walk away.
I'm sure merger is coming
It went active on January 17 this year.
Yes, I read it was $33 million. I also saw the latest case filing with Dennis was filed just last October and I caught up on the main parts of the whole case.
Personally I think Dennis walked into a bad deal because CWT saw the oil crash coming and he didn't. Then he figured it out and got pissed and it's snowballed into what it is now.
On one hand Dennis may have been negligent, on the other hand maybe CWT entered the deal with ulterior motive, maybe both. But it's been over half a decade and that's besides the point for RGDEF.
Forget about the plant, it's gone. Forget about Dennis, he's gone. Dennis even referred to RDX in a CWT case filing from just 2 years ago as "a now-defunct corporation" and on a separate occasion made a statement himself that RDX fired him in 2015.
So what matters now is this. In Nov 2018 RGDEF's last BK was dismissed with prejudice. In April 2019 the case was terminated and ordered to be closed and released from the trustee.
The last balance sheet filed with the courts the same time the case was dismissed was signed by Tony Ker as CEO.
It states zero assets and only $47k in reorganization expenses as liabilities. Tony's comments are
RDX did acquire the CWT facility for I think 30 million. Which was cash and stock. Once they acquired it, Danzik said that the place was not producing like it was marketed to be. GEM said it was. The CWT plant was due to receive money from the federal govt under the renewable fuel act. Danzik was supposed to give the money to GEM but he didnt because he said the plant was not producing a renewable fuel that met federal guidelines. So the whole thing went to court, and has been there since.
Tony Ker was always there as a board member and officer. If he is keeping the name active it has to be for a reason. If this stock is going up in price its possible that Ker is going to try to take over RDX and get it up and going again. There are shares out there and there are assets associated with those shares.
Just some random thoughts and my opinion on stuff. Im not a finacial advisor either, so please do your own due diligence.
I was trying to find update did he do it January of 2020 or January of 2019
Looks like Danzik tried to take it over hostilely in 2013 right after they aquired it, got sued, never showed up to court, and the judge finally recalled and vacated the case in Sept 2018
Who has it now... anyone's guess but I'd think RDX still owns it
Appears Danzik is in WY now working for Inductance Energy
Here is the link to the website.
https://www.changingworldtech.com/
If you dig it up let us know
What about the CWT plant in Carthage they paid 30 million for? They updated the website a couple years ago but then I heard nothing.
Volume nearing 100k again, I think it's starting to catch on
https://ecorp.azcc.gov/EntitySearch/Index
What we know is RGDEF, Ridgeline Energy, and Ridgeline Canada were all related companies
Of the three Ridgeline Canada is still in business and doing somewhere in the neighborhood of $20-$25 million a year and has 5 locations and as of right now is privately held
https://ca.linkedin.com/company/ridgeline-energy-services-inc-
Tony Ker is the chairman of RGDEF and also the CFO of Ridgeline Canada
https://ca.linkedin.com/in/tony-ker-63274332?trk=people-guest_people_search-card
After being inactive for like 4 or 5 years, last January Tony Ker reinstated the AZ SOS business license...
So the speculation based on the volume over the last month, the bids reluctant to drop below .03, and the AZ reinstatement is that it appears very possible they may be taking Ridgeline Canada public through the RGDEF shell
It makes sense imo because they already own the shell, Tony Ker is the chairman of RGDEF, and he also sits as CFO of Ridgeline Canada
Hope this helps. It is a speculative play but the pieces line up pretty darn good imo.
So what are they worth is the question?
Older company board page https://investorshub.advfn.com/RDX-Technologies-Corp-RGDE-27224/
I'm surprised more people have not found thos one
Yep and you're right, dollars easy if this pans out
In due time we find out
I dug around on Ridgeline Canada and they and Ridgeline Services keep popping up in market performance reports released as early as just a few days ago... again, don't know how substantial this is but I did run across RL Canada's revs and they were well into the $20m range
Could be big merger coming soon we found out if does happen I could see this one going to dollors with the float and that company moving in
Don't know how substantial this is but, RGDEF's OTC's company profile has a logo that says Ridgeline Energy Services Inc
Ridgeline Canada has the same logo
When I did a search on Ridgeline Services, I ran across the profile on Manta, the link on there links directly to Ridgeline Canada's website
It's right under the company Contact plus the address match RGDEF
https://www.manta.com/d/mb4tgsb/ridgeline-energy-services-usa-inc
I just snagged a few moving the bid up but sm1 loaded more, I'll wait for them to get tired and sell, still time here imo
I have couple bids in
Lots of small ask blocks and AON's above best bid... been like that for a while
It seem like something is coming
Yeah, I just joined the bid @ .0199
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