Tern Share Discussion Threads

[marky60] 23/10/2019 22:49

I noticed that as well. Also the quote from Darron was a bit odd and didn't make much sense to me.I think what might have happened is that DA has raised funds from somewhere in the US and AS or someone called USCG to apprise them of this fact. USCG then made their announcement.Why shouldn't they? After all they did provide advise for a period of time.Whatever the outcome it looks like good news. I bloody well hope so anyway. Bought some more shares this week!

[johnma] 23/10/2019 22:46

For those who have missed thisCEO of Microsoft - 50 Bn devices to be connected by 2030.mage Credits: Microsoft live stream /Speaking today at the Microsoft Government Leaders Summit in Washington, DC, Microsoft CEO Satya Nadella made the case for edge computing, even while pushing the Azure cloud as what he called "the world's computer."While Amazon, Google and other competitors may have something to say about that, marketing hype aside, many companies are still in the midst of transitioning to the cloud. Nadella says the future of computing could actually be at the edge, where computing is done locally before data is then transferred to the cloud for AI and machine learning purposes. What goes around, comes around.But as Nadella sees it, this is not going to be about either edge or cloud. It's going to be the two technologies working in tandem. "Now, all this is being driven by this new tech paradigm that we describe as the intelligent cloud and the intelligent edge," he said today.He said that to truly understand the impact the edge is going to have on computing, you have to look at research, which predicts there will be 50 billion connected devices in the world by 2030, a number even he finds astonishing. "I mean this is pretty stunning. We think about a billion Windows machines or a couple of billion smartphones. This is 50 billion [devices], and that's the scope," he said.The key here is that these 50 billion devices, whether you call them edge devices or the Internet of Things, will be generating tons of data. That means you will have to develop entirely new ways of thinking about how all this flows together. "The capacity at the edge, that ubiquity is going to be transformative in how we think about computation in any business process of ours," he said. As we generate ever-increasing amounts of data, whether we are talking about public sector kinds of use case, or any business need, it's going to be the fuel for artificial intelligence, and he sees the sheer amount of that data driving new AI use cases."Of course when you have that rich computational fabric, one of the things that you can do is create this new asset, which is data and AI. There is not going to be a single application, a single experience that you are going to build, that is not going to be driven by AI, and that means you have to really have the ability to reason over large amounts of data to create that AI," he said.Nadella would be more than happy to have his audience take care of all that using Microsoft products, whether Azure compute, database, AI tools or edge computers like the Data Box Edge it introduced in 2018. While Nadella is probably right about the future of computing, all of this could apply to any cloud, not just Microsoft.As computing shifts to the edge, it's going to have a profound impact on the way we think about technology in general, but it's probably not going to involve being tied to a single vendor, regardless of how comprehensive their offerings may be.

[rhwillcoll] 23/10/2019 22:39

Jamonit, I entirely agree with you.

[rhwillcoll] 23/10/2019 22:25

My understanding/reading of the US capital fundraise of $10 mn for DA is that this is for the purpose of final development and an IPO.

That seems to me to be the plain reading of the announcement by US Capital Partners.

I'm sure we will have clarity fairly soon, but if the above is correct, then this is an extraordinary development, with clear exit strategy evident for DA in the near future.

[seewhatimean] 23/10/2019 22:08

And they haven't.

[stead41] 23/10/2019 22:06

I get it, but the Advisory Isn’t really a good advert for the original $10m fundraise, it makes more sense if they have been advising DA on more than just the failed fundraise..

[seewhatimean] 23/10/2019 21:55

They have acted as financial advisers in the failed US raise over 2 years.

Not complicated.

[stead41] 23/10/2019 21:48

APSOO23 Oct '19 - 21:29 - 171908 of 171909
0 2 0
This text seems pretty clear cut......


“We are extremely pleased to have served as financial advisor for Device Authority,” said Charles Towle, Managing Partner at US Capital Global and CEO at US Capital Global Securities. “US Capital Global’s advisory services assisted the company with its capital structure, in order to raise capital for continued tech development.



DA have been raising Capital, from Tern and DA’s other shareholders, maybe US Cap have served as a Financial Advisor for DA, as mentioned....

[apsoo] 23/10/2019 21:33

whilst this seems a bit ambiguous.....it's clear there has been some progress of sorts...so something is afoot.


“We are very thankful to have had US Capital Global’s expertise to support our capital formation and financing needs,” said Darron Antill, CEO at Device Authority

[apsoo] 23/10/2019 21:29

This text seems pretty clear cut......


“We are extremely pleased to have served as financial advisor for Device Authority,” said Charles Towle, Managing Partner at US Capital Global and CEO at US Capital Global Securities. “US Capital Global’s advisory services assisted the company with its capital structure, in order to raise capital for continued tech development.

[still waiting] 23/10/2019 21:23

You don't put out a Newswire if you haven't done anything..

You can sue on less than that surely?

[ricardox] 23/10/2019 21:17

I think people need to re read the uscp blurb. At no point does it say that any funding was actually raised. To me it looks like PR for Global. Lack of an RNS ought to support this view. Happy to be wrong on this as doubled my holdings last week.

[dave444] 23/10/2019 20:58

As has been stated by Newgate they represent TERN not DA!

[meganxmas] 23/10/2019 20:18

Excellent post

[jprich] 23/10/2019 20:18

I agree it cannot be tern/DAs fault. I blame Fiona.

[andrbea] 23/10/2019 20:18

A Sectigo webinar