Techfinancials Share Discussion Threads

[gfrae] 15/5/2018 13:26

Thanks Euclid, so if the $30 million that may have been raised stays with Cedex to develop the business, there must be some chance of success, and if the company is only valued at £12 million the shares would appear to be very good value.

[euclid5] 15/5/2018 12:24

Telegram is the website chat forum to discuss things with Cedex

$30m if raised stays wih Cedex, to develop their business

Sentimernt has changed dramatically with cryptos since the crash in Jan 18

But Tech has cash in the bank plus pays a div, so medium / long term maybe worth holding

[darcy1] 15/5/2018 12:21

Looks like Cedex will publish the total number of coins that they have sold and how many will be burnt tomorrow.

[gfrae] 14/5/2018 12:30

Thanks,euclid. What is "Telegram" ? If they have raised $30m odd what happens to this money ,is it an asset of the company ?
If it is the company is seriously mispriced with a market cap of £12m !

[intrigo] 14/5/2018 12:03

nice catch

[euclid5] 11/5/2018 11:40

Gfrae, a few months back an article told us they raised $20m in a Private sale, but Cedex never confirmed this - even in Telegram. So clever marketing!

They were targeting $20m in pre sale which they hit in a few hours - but crowd sale never raised much at all - there target was $40m - so think they raised very little indeed in the so called private sale otherwise there would be no requirement for a crowd sale if they raised $20m in pre sale & $20m in private sale

By the way before anyone asks Cedex confirmed this to me in Telegram, about the $40m target & if raised in Private & Pre sale then thye will not need to do a Crowd sale

sadly sentiment has changed towards crptos since Jan 2018 crash / sell off in BitC & Ether

Lets hope Cedex becomes a success medium / longterm - am still a holder

[darcy1] 10/5/2018 12:09

we should get one after the Cedex Ico is complete.

[moormoney] 10/5/2018 11:34

Needs a kickstart with a good rns!

[moormoney] 07/5/2018 15:08

Hopefully the share price will rise next week as trading kicks off. We need fresh updates now as interest should be stirred.

[gfrae] 04/5/2018 10:32

Do they keep the proceeds of the ICO sale ? They could have raised substantial amounts from the sale, maybe double the current market cap ?

[darcy1] 04/5/2018 10:08

I think another driver for this share will be when they exercise the option to purchase the remaining entitlement of Cedex to take them to 87.5% ownership on a fully diluted level, it can only be a matter of time as they keep referring to this in last few Rns.

[ztan] 03/5/2018 18:51

Ethereum flying

[darcy1] 03/5/2018 12:32

We might get some interest next week with the distribution of the Cedex coin and confirmation of the total amount raised in the Ico.

[moormoney] 25/4/2018 16:16

That’s more like it 😁

[fairenough11] 25/4/2018 16:12

Bottom IN.Nice bounce.

GLA.

[gfrae] 25/4/2018 13:05

They should have a very valuable token holding now, perhaps even greater than the current market cap.

[gfrae] 25/4/2018 12:47

I hope theirs does too !........(token holding )

[hazl] 25/4/2018 12:31

Well at least my token holding looks a little better!

[darcy1] 25/4/2018 10:34

I get the same problem it is difficult to buy anything on line, it is going straight to n.t.

[dave4545] 25/4/2018 10:22

Just tried to buy back in but mm's offering nothing online

[darcy1] 24/4/2018 15:40

Hopefully we will get an update to coincide with the general meeting on the 26.04.18.

[thaiger] 22/4/2018 16:06

Sweepie2. ....think you posted in the wrong thread! This is Tech Finance not Tern!

[sweepie2] 22/4/2018 10:05

Blockbuster report from Investor Show about Tern, market sensitive news leaked to attendees

Further to yesterday’s brief post, I had the pleasure of sitting through the TERN presentation by Bruch Leith and the chance to talk to him in detail for about 15 minutes after. Bruce came across as a nice guy and indeed, he explained some of the personal issues that Al Sisto has had to deal with in the last 3 years and it puts things in perspective.

Presentation

Key points:

- Al Sisto; career in Intel; encryption expert with expert knowledge of what’s needed in the IOT space.
- Al Sisto California based but spends approx. 50% of his time in the UK.
- Tern; the leading investment company in the IOT space.
- Bruce Leith; primary role; finding new deals/investment companies (note; at last, people now in dedicated roles rather than trying to do everything).
- Bruce; looking at 4 new investment companies , deals imminent , subject to term sheets and due diligence completion.
- Working with Microsoft (possibly through In VMA).
- Device Authority : hungry for cash due to growth; building product and distribution channels with Global technology companies
- Intel deal; took 2 years to consumate; 7 months behind schedule mainly due to Intel internal process/sign offs. DA will handle authentication of Intel chip and through the Cloud
- GEC; launched in USA last week (medical devices); launch re-scheduled to enable DA integration to be integral to the product. Enables 24/7 monitoring and treatment remote from hospital of patient condition but all data secured by DA. Huge market potential.
- Strong play – authenticating sensors and at point of application; data remains secure throughout.
- Products are now being rolled out; very well placed! Data analytics will also be a revenue growth area.
- IOT take up by global tech has been slower than envisaged but now starting to gain traction and momentum.
- 8 fold increase in security attacks in the last year; DA has a hack proof platform that automates at scale.
- Strong patent suite that global’s cannot copy
- DA life cycle has seen 12-24 month sales campaign followed by a 9-12 month product development/integration period. THIS IS WHY IT HAS TAKEN TIME TO REACH PARTNERSHIP AGREEMENT AND PRODUCT ROLL OUT. Global tech companies are slow to progress due to internal approvals, budgets and priorities.
- Now in a position to deploy Keyscaler globally with good evidence of several major customer contracts signed in the last 6 months.
- THALES/GEMALTO; TO BUILD A BUSINESS AROUND DA/KEYSCLER; 2018-2021 RAPID GROWTH ENVISAGED
- PTC; a $6 billion company with DA intrinsically linked!
- Verticals/markets huge; sensors/data transmission now permeating every aspect of global world/life.
- Emphasised high profile global partners.
- THALES; LOOKING AT HUGE USA DEAL WITH ROBOTICS DELIVERING SURGICAL PROCEDURES – DA WILL BE INTEGRAL TO SECURITY.
- AMAZING THINGS TO COME……
In VMA

- Phenomenal order book; tripled revenue in 3 years to £1million and no signs of slowing
- Key contracts with Howdens, MSE, MEM’s , GEC
- Asset Minder can now be deployed within 3 months of enquiry; see huge potential and synergies with DA.
Wrap up
- Focus on improving investor communications via 3 monthly conference calls
- PATENTS ARE EVRYTHING! THIS IS WHY COMPETITION IS STIFLED, DA ARE IN THE BOX SEAT AND GLOBALS GO TO DA FOR THE SOLUTION TO THEIR SECRUITY ISSUES
- SaaS model ; recurring and growing revenues
- BLENDING OF THE TERN COMPANIES TO PROVIDE INTEGRATED DISRUPTIVE SOLUTIONS THAT GLOBAL PLAYERS NEED!



Conversation with Bruce Leith

Bruce came across as a genuine and nice guy. It was clear the last 2-3 years has hurt the BOD as much as shareholders. For example, a number of Bruce’s family have shares in ISA’s bought at 14,12, 10, and 8 pence. It is clear the single issue that has stymied progress has been the time it takes to consummate a deal (typically 12-18 months) and then integrate Keyscaler into the eco system offer.

This is due to global tech companies themselves struggling to shape their offer to the market and the way these companies deal with their supply chain in terms of budgets, approvals, gateways etc. Essentially, think of a timescale and double it. Intel took 18-24 months but things are moving rapidly; Keyscaler will be ‘on chip’ and in the cloud for the Intel solution.

In summary, they are 12 months behind where they thought they’d be. The US fund raise is still open but didn’t take off due to the slow uptake of contracts + a poor understanding of what is being developed.

Device Authority are talking with Microsoft and ARM (DA were approached); global’s will use DA rather than spend years developing in house; ALL ABOUT TIMING!

Last week’s San Francisco conference went well with significant interest shown in DA.

There is significant interest in DA and ‘players are circling’. They’ve already had offers that have been rejected (at above the current TERN market cap).
The dilemma is the timing of sale of DA versus timing of value created by the global partnerships versus the cost of funding a growing company. Also, in order to attract institutional investors to TERN, they need to prove the business model by selling a company for a significant return. Whilst Bruce wouldn’t be directly drawn, my impression was a £75-100million offer (short term) will be considered. Bruce so stated a realistic aspiration that TERN will be valued at £100 million within 12 months.

I left the event feeling extremely positive that our money is in safe hands and the share price will be multiples of what it is today in the coming months. My personal preference/issue is they find a way to keep DA for another 2 years unless a £250 million offer is tabled as there’s no reason why DA shouldn’t be valued at £1 billion + within 3 years. Ultimately, I cannot find a reason to sell my shares anywhere below £1.

Hope this helps but DYOR,NAI.

[sep800] 20/4/2018 13:13

Well looks like nothing going to happen now with the latest update.
I come back late autumn as I only see the share price fluctuate when buyers come back, until then with all the waiting I expect this to drift a little if no there’s no trade volume