Tern Share Discussion Threads

[andrbea] 08/2/2021 12:53

Wyld Networks
@WyldNetworks
·
1h qgo
A step in the right direction - the #IoT Security Improvement Act
@securityblvd

[dave444] 08/2/2021 12:52

When he talks about we what he means is all the hundreds of voices in his head that sadly is beyond medical help!!?????

[robberywithviolets] 08/2/2021 12:49

Strange I can’t see a full Moon....and yet I can hear a mad dog barking at it.

[dave444] 08/2/2021 12:48

Nick they backtracked on the 10% bonus (which was not at sale price but at profit on the investment sold).
There will be a different mechanism of reward we were told! We don’t know what that looks like.
With regard to our share of DA profit Cheshire’s comment is outdated as we have to add loan conversion increases to our percentage of ‘A’ shares and we have an additional amount of ‘B’ shares to benefit from!
The overall situation at a NET price not GROSS price works out at a Net 50% of ‘A’ shares (67%*75%) and 3.5% (14%*25%).
So overall 53.5% of any sale!

[poppet123] 08/2/2021 12:43

Nice to see you, to see you nice x

[tialouise] 08/2/2021 12:42

Bye then off you trot back over there ............

[lukead] 08/2/2021 12:39

I think SCUMBAG MIKEMICHAEL2 must be in love with someone called Jon,
i only say that because he keeps on asking for him
...........................

PS I know that that SCUMBAG MIKE
was absolutely gutted this morning when the AVCT RNS came out, as last evening he was all set and raring to go on the bb at 7.00 am and with much glee and write the immortal words.
......down again.....

[nick2412] 08/2/2021 12:39

Cheshire, yes, an exit at an optimum time and price of Device Authority is going to be highly rewarding for Tern shareholders. Your final figures, however, are much more lucrative than you outline. There is no 10% deductible for any board bonus.

Tim from the PR company clarified to me that the often cited supposed bonus for the Tern board on any exit is a complete myth. There is no bonus payable to any directors on any exit. I guess they might get granted a few options going forward but there is definitely no bonus in place.