Tern Share Discussion Threads

[emigna2020] 01/7/2024 08:20

They HAD £1m to play with,( allegedly) it`s not still there though! it burns quite well.

Selling building up,

ps how many people suck on the milch cows` ( LTH goons) udders?

[jonc] 01/7/2024 08:17

Coffee shop?You could wait on.Nice.

[wardy333] 01/7/2024 08:16

A less formal setting than an AGM is what is needed here.

[dave444] 01/7/2024 08:03

Only 1 shareholder attended - Stentorian

[moneymaker6] 01/7/2024 07:50

We’ve just had the agm a forum for interested parties to engage with a captive management .. did anyone here attend?

[wardy333] 01/7/2024 07:34

It is pretty obvious they cannot buy because the second tranche to 10/11 has not gone through yet, hence the closed positions.
T/M told me in an email that 'Tern have done similar to Wyld and cut costs, by how much is unknown;
From the results they had £300k at Year end and since then they have raised roughly £800k and £110k from the warrants , that is over £1.2 million.
They had the Wyld warrants to pay and admin costs, and loan repayments.
They must hold at least £500k in cash maybe a bit more, if admin casts have been slashed, so plenty of time to get an exit, or sell something.
So nowhere near panic stations, but a meeting between holders(or reps of holders) and the Bod needs to be organised, Tully is up for it, maybe stentorian or vitec or someone who will be prepared to ask questions and has the time and some experience to put the bod on the spot and get some answers, they won't be able to answer anything market sensitive , and will use that to fend off answers..

[mudbath] 01/7/2024 07:24

Yes Ricardox...and once the BoD has acknowledged the need to proceed along the lines suggested above; then we PIs should be a primary consideration in any future funding process.

[jonc] 01/7/2024 07:21

Surely shareholders would be embarrassed to be represented by wardy.On the other hand as most are a clueless bunch of dreamers perhaps not!

[ricardox] 30/6/2024 21:15

My suggestions to Tim.·         A reduction in administrative costs of at least 30% this year with a target of 50% next year.·         Up until such time there is an exit of an investee where cash is returned to ordinary shareholders, the directors and senior management of Tern to forego salary other than necessary business expenses.·         Provide shareholders a detailed breakdown of how previous placing funds have been spent in the last 3 years.·         Directors and Senior managers to show faith in Tern by purchasing significant % of stock or make a statement as to why they cannot.·         Directors and Senior managers to participate in any future placing·         Actively promote Tern PLC investees and highlight the link between the investee and Tern in each communication. Use Reach RNS if not materially significant. Several of the investees have made their own commercial announcements, or won prestigious awards and not a peep from the bod. 

[onsideman] 30/6/2024 21:01

There are people on these boards with whom I'm both happy and relieved to be a co-investor... then there's dave444

[cmackay] 30/6/2024 18:45

You're welcome

[dave444] 30/6/2024 15:53

You really are a piece of work!

[cmackay] 30/6/2024 15:52

Pounds not pence.

[still waiting] 30/6/2024 14:58

If soon who knows, another 1-2 years, let’s not go there.

[beastman] 30/6/2024 13:58

Realistically how much are people hoping for when a first sale happens per share

[wardy333] 30/6/2024 11:35

Too busy kkriiss building up our company, but I'm sure there are plenty on these boards who could represent holders. Vitec for one