Tern Share Discussion Threads

[stead41] 20/5/2018 20:41

If DA is sold in 2018 I doubt it will be for the reasons people think, more likely to reduce costs and not to realise its dubious potential.

[saltraider] 20/5/2018 20:37

@abbotslynn ...

There is none so blind as him who will not see.

[mike routhorn] 20/5/2018 20:36

Poppet, I think it would be fair to say that those here who have been here right from the beginning have remained here simply because they expected to see DA get to the 'top of the pile' with the rewards that would accompany such an achievement.

No-one has put up with everything the last 3 years has thrown at us merely in expectation of crumbs off the big boys' table.

It very much looks like the wait for the mega prize has been worth it.

People can be forgiven for getting excited and although nothing is certain in this world, all things being equal, with the current landscape, I believe we are looking at pounds not pence and sooner rather than later.

I shall start reining in the enthusiasm of others when I see silly share price projections. I haven't seen any yet.

[costax1654x] 20/5/2018 20:30

Aeg ready to fly!ireal RNS!!Sorry wrong board!

[jamesto2] 20/5/2018 20:20

2p and I will risk £3k

[loughton] 20/5/2018 20:08

It is worth less than 1p.

[oakville] 20/5/2018 20:07

Ok cut to the chase is this going to 50p or 5p?

[loughton] 20/5/2018 19:58

This is one of the funny ramping liars on the j0ke thread.

dave444 20 May '18 - 19:52 - 95660 of 95662
0 0 0
Mechanoid
I think it demonstrates how close to a sale of DA we are!
Hence why all the idiots that are short are soiling themselves!

[loughton] 20/5/2018 19:56

Too right Stead. I love the when will get a DA NASDAQ IPO nonsense too. How much have they raised in the US since last September?

ZERO DOLLARS.

[still waiting] 20/5/2018 19:52

And still not mentioned in the media yet.

GDPR next week, touched up 1,000% in 2018... And 6mths+ still left to go

[dave444] 20/5/2018 19:52

Mechanoid
I think it demonstrates how close to a sale of DA we are!
Hence why all the idiots that are short are soiling themselves!

[stead41] 20/5/2018 19:48

Dame calculator, every time I pump the numbers in it seems the answer is missing some zero’s, it says 50,000 not 50m pounds.

[cmackay] 20/5/2018 19:38

Cheers jamonit. I am looking forward to newsflow from several small caps over the next few weeks, but I'm fairly certain that tern has the most potential for gains.

[loughton] 20/5/2018 19:35

Well said Salt.

[mechanoid] 20/5/2018 19:27

I've been re-reading the RNS from the 2nd of March, (see below).

Does this mean that everything is going to be "sorted" before the 30th of June?

Any bean counters out there with an opinion?


03/02/2018 | 12:18pm BST

(GlobeNewswire) - 1 March 2018

Tern Plc (the "Company", or the "Group")Issue of Loan to Device Authority

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), announces that it has paid $360,581 to its portfolio company, Device Authority ("DA"), representing the second tranche of a convertible secured loan announced on 28 December 2017. Following this payment, Tern`s total convertible loan note position with DA is $871,913.

The total funds secured by DA through this second facility are $1,688,684 from DA`s existing shareholders, including Tern.

In providing this support, DA`s shareholders, including Tern, are pleased by the progress DA is making to expand its pipeline of opportunities. This is evidenced by the recent integration of DA`s KeyScaler IoT security platform into AMD`s new processor which helps AMD customers apply and advance the use of internet of things (IoT) principles to a growing number of applications such as industrial systems, smart cities, inventory management, medical displays, and point of sale.

Device Authority`s KeyScaler platform adds value to AMD`s IoT solutions by delivering secure device provisioning, policy-based credential management and end-to-end data security for their gateways.

The first and second tranches of the convertible loan note (together the DA Loan") accrue an interest coupon of 5% and are convertible automatically on an equity fundraising in DA of at least USD$2.5 million to be completed before 30 June 2018 ("Qualifying Fundraising"). The conversion will be into the most senior class of shares issued on the Qualified Fundraising at the lowest fundraising price per share.

If the Qualifying Fundraising is not completed before 30 June 2018, but DA is able to procure an exit, the providers of the loan can elect to either receive 300% of the principal amount of the loan notes held by them, or to convert the loan and accrued interest into Class A Preference Shares of DA at a conversion price of 0.036681585 per share.

Providers of the DA Loan shall also be issued 2.6 warrants ("Warrants") for each $1 of Loan Notes subscribed for by them (rounded down to the nearest whole number). The Warrants shall have a term of seven years and be exercisable from the earlier of (i) immediately prior to an exit; (ii) immediately following completion of a Qualifying Fundraising; or (iii) immediately following completion of the second tranche and give each Warrant holder the right to subscribe for one Class A Preference Share of DA for each Warrant held by them at an exercise price of 0.036681585 per share.

Al Sisto, CEO of Tern, said:

"As a significant investor, we have long been persuaded of the quality of the Device Authority management team and product suite, evidenced by our decision to participate in this convertible loan note. DA is helping its customers achieve their strategic objectives in IoT and to increase the pace of adoption as companies continue to migrate to cloud first technologies and recognise the need to protect identities and data, wherever it is accessed."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

Enquiries

Tern PlcAl Sisto/Sarah Payne

via Redleaf Communications

WH Ireland(NOMAD and joint broker)Mike Coe/Ed Allsopp

Tel: [phone]

Whitman Howard(Joint broker)Nick Lovering/Francis North

Tel: [phone]

Redleaf CommunicationsElisabeth Cowell/ Fiona Norman

Tel: [phone]

(c) 2018 Petra News Agency, All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers


Mechanoid

[loughton] 20/5/2018 19:27

Stead, the published revenue figures for 2017 were £30k.

[jamesto2] 20/5/2018 19:26

Loughton the real problem is that you can only do so much and why do you think my mummy will lend be her laptop?

[stead41] 20/5/2018 19:21

If someone could please post DA’s sales revenue figures so I can add it to my forecast Calcs, I would be most grateful as I must be thick and can’t find it at this moment in time, also could the future sale projections be added also. I just don’t know where my brain is tonight. Thanks for the help in advance.

[loughton] 20/5/2018 19:17

What times does your mummy lend you her laptop?

Bless.