Tern Share Discussion Threads

[dave444] 08/5/2019 14:16

Could not resist buying another 60k

[stentorian] 08/5/2019 14:11

tburns, they will have to issue an RNS - they just haven't got round to it yet!

[onsideman] 08/5/2019 14:11

Jon C again exhibiting his customary faecal obsession

I really would consider talking to someone if I were you. Must be a childhood related issue

[still waiting] 08/5/2019 14:07

the official press.

[ebomber] 08/5/2019 14:00

8 May 2019

International Virtual Reality and Healthcare Association (IVRHA) Launches with 40 Founding Member Organizations, including FundamentalVR.



FundamentalVR is excited to announce that they are a founding member of the IVRHA Organization. Others include 8 Universities, 5 Research Institutions, and 27 Technology Companies.

Our partnership with The Association will mean we are able to play a critical role in coordinating the design, development, and promulgation of industry standards and best practices for the use of VR/AR technology as part of the next generation of digital medical systems.

[tburns] 08/5/2019 13:42

Thanks for that Stentorian, missed that. Still surprising as to why they wouldn't confirm by RNS on what basis that loan note is to be converted into and what the parameters are.

[still waiting] 08/5/2019 13:42

is that the selling done ?

[enigma2oo2] 08/5/2019 13:38

Calling the Looni aka John Mathews come in Looni, time for your mocking and cajoling!

[enigma2oo2] 08/5/2019 13:24

Looks like yet another cash call @ 8p again soon.

THEY WANT YOUR SHILLINGS!!!!!!!!!!!!!

[stentorian] 08/5/2019 13:23

I wonder what the loan note will be convertible into? The clue is in the new Articles of Association adopted by FVR on 29 October 2018. Shares, options or warrants maybe all three.

[jonc] 08/5/2019 13:21

I don't know Duxy.

[duxy786] 08/5/2019 13:11

JonC, it's all part of the cycle which dilutes shareholders.If anything, the minute DA had a deal, Sisto should have hustled and jumped all over it. Now he and TERN shareholders are left holding the dirty stick.

[jonc] 08/5/2019 13:06

FVR must be burning cash at a phenomenal rate.

No wonder the fund raising was urgent.

DA will need another cash bung shortly.

Fully funded!!!

LOL!!!

[oldishrocker] 08/5/2019 12:58

Clarification at anytime then, more FVR, that will make this move.

[jprich] 08/5/2019 12:57

As its at companies house it means its signed and sealed should be announced as exchange of monies is material.

[still waiting] 08/5/2019 12:57

why would they wait to tell us ?

[stentorian] 08/5/2019 12:48

tburns,

Some or all of the £1.4m has been spent. Johnma posted a link to FVR's Companies House record. On 1 May 2019 FVR registered a charge. Attached to the Companies House form is a copy of a debenture to which FVR and Tern are the parties. A defined term in the Debenture is:

"Loan Note Instrument" means the loan note instrument entered into by the Chargor [FVRVSL] on or around the date of this Security."

So it is clear that Tern has lent FVR monies. What is not clear is how much and on what terms.

[miahkaysor] 08/5/2019 12:44

I think that was the low......loaded again!Nai.dyoretc

[still waiting] 08/5/2019 12:43

was that the low ?

[floydymagic] 08/5/2019 12:32

FVR and DA are all the magic we need!