FCA Also may be interested in the LACK of, "GOING CONCERN INFORMATION" in relation to TERN Investees.
TERN Board have consistently refused to give any Financial information in relation to Investee`s Revenues, whilst issuing PLACING in companies "IN THEIR DEATH THROES"
Konnecktico for example "HOW IS THAT EVEN LEGAL ????"
Where is the TRUTH in TERN, ??? where on the TERN Website does it say, "TERN HAVE NO MONEY, WE RELY SOLELY ON HOLDERS FINANCING OUR WHOLE OPERATION VIA PLACINGS, WE HAVE BEEN DOING THIS FOR 9 YEARS."
FCA are ignoring their duty of care by allowing what to all intents and purposes is, A PONZI SCHEME. Holders pour MILLIONS OF POUNDS INTO TERN, on a promise of returns that NEVER EVER MATERIALISE. COME ON FCA earn your keep. |
If Sisto left or was sacked as CEO, pretty sure the S/P would rise... |
By voting to remove Sisto as a Director at TERN we delivered to him a serious public humiliation.
Personally, I would invest in seeking his removal as CEO.
The increasingly regular dilutions serve to render that possibility more unlikely.
Sisto is well aware this. |
can sell 500k at 1.1825p. |
Don't hold your breath on the new directors they have simply replaced like for like when they got rid of Payne and Howarth, people still think this is a normal situation and normal management, people need to start to look after their own investment no one else is going to do it. The more of us complete this form more chance we will get some answers. |
Try iaingross@aol.com or iain-ross@reneuron.com
Both publicly available if you know where to look. |
I presume that no PR can be issued without Director approval, so TM's hands are tied.
That is why I have requested contact details for the 2 new(ish) non exec's. They have been in situ long enough to see the huge gap in progress at investee level and the dire share price performance, mainly due to the lack of boards engagement with any sort of ongoing PR. Wonder what their thoughts are and what internal pressure they may be applying to IR / AS to improve the situation.
Chairman said Tern share price was 'pathetic' when share price was a lot higher than it is now. Apart from apperances in his Val Doonican sweater on Tern CMD's-he is invisible to the market-no interviews etc. Come on Iain Ross / Jane McCraken lets see some input. |
I can buy 10million but I can't sell 94k. |
Bid moving UP. |
Tims job isnt PR he is Al's fixer if it wasnt obvious already, he himself said he speaks to certain shareholders before every forward sold placing.... go figure.
Dont be swayed by certain posters this agm vote for yourself and your investment before we are taken down the sub 1p. |
Seriously, why are we paying Tim ?Head of pr yet we never see any, I would feel ashamed taking home a wage every week knowing I hadn't earned it. |
Pesky 200k sellers. |
All directors should be contactable by e-mail, probably Sisto not wanting them to hear a few home truths about him, advising them not to post their addresses or telling Tim the P/R man not to give them out.
Like H/T says these valuations here are so far from the mark of true values by millions mainly to keep these cheap placings coming.
Stop anymore placings sell SVV fund holdings do NOT invest another penny there and keep funds received from the SVV fund to run the company and support the other three investees if needed.
D/A and FVR don't look like they need ,it maybe T/M might need some help , but an exit could come at anytime on FVR or D/A and that would mean big rises on the S/P, hold and wait like most LTHs are, some are topping up still, some sitting back confident a payout is on the way sooner rather than later. |
Tern Board of Directors can no longer fund any of the Investee`s because there is UNDOUBTEDLY A CONFLICT OF INTEREST whereby Directors of TERN hold a financial interest in the INVESTEE`s.
It is also almost 100% certain that this conflict of Interest has been ignored for some considerable time. Several Placing`s have been waved through that should never have been allowed, due to Conflict of Interest
Tern have never established whether it is even legal for Tern Directors to hold a FEE PAYING POSITION within the INVESTEES, Whilst waving through PLACING`s for Investee`s ???
FCA are you even looking ???? |
 Albert Ernest Sisto born Aug 1979 Appt Feb 2014 Resigned Jun 2023
It must be remembered that in UK, There is no upper age limit to a Directors Tenure.
There is an interesting story Developing around SISTO. In the UK, a Directors fiduciary duties generally cease upon Resignation, BUT, certain obligations, like avoiding conflicts of interest related to Company Property or Information known during their tenure, may continue. A former Director may still face liability for actions taken while in office, such as breach of contract or WRONGFUL TRADING, OR INSIDER TRADING USING INSIDER KNOWLEDGE.
Sisto has resigned as a Director yet still controls a listed AIM Company, investing in Companies Financed by Holders. Sisto has a financial interest in those companies supported by the Investment Company Sisto has since resigned from. A CERTAIN CONFLICT OF INTEREST, BASED ON THE FACT, Sisto can claim financial support from holders who are TO ALL INTENTS AND PURPOSES, At arms length from Sisto. FCA are missing something that may well be Fraudulent, but FCA do need to fulfill their legal obligations to protect HOLDERS from what certainly looks, on face value, "A CONFLICT OF INTEREST"
Sisto has no public role at TERN, A VENTURE CAPITAL Company, yet he makes all decisions re placing`s. Sisto makes the decision that holders of TERN, Finance Companies that Sisto has a financial interest(SHARES) and a board position in.
Sisto is a Director of Talking Medicines Appt Nov 2020 One of the Investees of TERN.
FCA Have a duty of care to fully investigate the ANOMALIES surrounding TERN and its Investees. |
He's too fat, short and lazy to have ever played hockey, must be several Albertos or Alfonso Sistos out there and yes he's way older than mid to late 50s. :) |
As an ex-de jure Director Sisto's record is still there his DOB is August 1949. So he is over 75.
Iain Gladstone Ross will have a lot more time on his hands one of his 4 directorships, Biomer Technology Ltd applied for voluntary strike-off earlier this month.
Gladstone Partners Ltd (which seems eponymous) has its registered office as Tilford, Surrey, GU10 2DD.
Suggest to Tim that if he doesn't provide an email address that investors may start writing to him at this address. |
Tully,
Despite request, Tim has not given out the direct e mail addresses of Jane or Iain. |
Al Sisto played defence in the 1986-87 season for a hockey NHL team -
That would make him22-23 then so born in 1965-66 i reckon. he's had a hard paperround for sure, I thought he was older than that. |
I voted against placings last time and will do so again. I only have a tad under a Mill, but all votes count.
Tully, I agree with you on shining a light, FCA might be more useful though than the fellow board members that Al obviously sanctioned. Cannot see them upsetting their Non Exec applecart, with a possible promise of DA shares down the line! |
Everyone should be voting against the accounts at the AGM because we all know the investment values are all fake, deliberately kept down to let Al & Bruce and mates in. |
Too old to make sensible decisions, not one shareholder I know wants anything to do with the SVV fund, the promise to invest in it Yearly is a licence to do placings, it has to stop.
If cash is needed sell it all to keep the company solvent ask any holder what would they get rid of first it would be SVV, Sisto needs to be told that fact, at the AGM or an EGM, do NOT vote for anymore dilution.. |
TB -
Then, as far as possible we should try to force light and transparency into TERN's past actions and current activity, to help the BOD and Senior Management optimise TERN's future potential and alignment with the common and best interests of all Stakeholders.
Perhaps communication between Shareholders and:
- Tim Metcalf, for circulation to:
* The Chairman
* Jane McCracken, non-executive director
* Iain Ross, non-executive director
will be a start.
Suggested for further discussion. |
how old is AS ffs |
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