Tern Share Discussion Threads

[dave444] 24/10/2019 08:05

You would think at least one of you would have bought

[ridicule] 24/10/2019 08:04

The equity deal maybe shown as completed, but we do not know the terms and this will determine the extrapolated value of device authority. How many shares, what level of dilution? Whatever the metrics, this action will enable a market value to be placed on device authority. The question is, what is it?

[bryall2] 24/10/2019 08:04

So USCG, have ploughed on regardless, well done to them, it’s almost like denying we landed on the moon! Al. Oh and what happened to the so called team at Device Authority who were going to sort this out. Al.

[likya123] 24/10/2019 08:03

Share price going to blow....very hard to buy any...

Many many pounds not pence.

[dave444] 24/10/2019 08:03

Buy at 12.10 now 12.33

[warrenfingerfood] 24/10/2019 08:02

You got to wonder why they wanted it locked away.

[jprich] 24/10/2019 08:00

Thanks USCG otherwise we would still be blind to this and the share price would be testing lower

[actybod] 24/10/2019 08:00

Apart from the comms it's all positive!

[warrenfingerfood] 24/10/2019 07:55

I think there might of been some heated phone calls between Global and DA these last couple of days. DA attempt at getting it removed has been ignored completely.

[doc robinson] 24/10/2019 07:55

Time for a top up before official news

[philjeans] 24/10/2019 07:54

It says they gave advice - but was the money raised?

[jprich] 24/10/2019 07:52

In the completed transaction page

US Capital Global provided customized financial advisory service to Device Authority on a $10 million preferred equity financing to support its capital formation needs. The group’s registered broker-dealer affiliate, US Capital Global Securities LLC, acted as the exclusive placement agent for the equity financing .

[billiam] 24/10/2019 07:51

Curiouser and curiouser

[johnb5] 24/10/2019 07:51

From USCG's completed transaction section.

Client
Based in the UK, Device Authority Limited is a cyber security company that provides innovative solutions to address the challenges of identity and access management for the Internet of Things (“IoT”) without human intervention. With offices in Fremont, California and Bracknell, UK, Device Authority partners with the leading IoT ecosystem providers, including Amazon Web Services, Dell, DigiCert, Intel, PTC, and Symantec.

Scenario
Device Authority had developed its own IoT software security platform, KeyScaler™. The platform uses breakthrough technology, including patented Dynamic Device Key Generation and PKI Signature+ that delivers simplicity and trust to IoT devices. Device Authority now needed to raise additional capital to further strengthen and develop its platform software and to prepare itself for market entry.

Solution
US Capital Global provided customized financial advisory service to Device Authority on a $10 million preferred equity financing to support its capital formation needs. The group’s registered broker-dealer affiliate, US Capital Global Securities LLC, acted as the exclusive placement agent for the equity financing .

[doc robinson] 24/10/2019 07:51

Clearly states completed on their website for all to see,!!

[dave444] 24/10/2019 07:50

Unbelievable that they simply did not positively confirm yesterday - no excuse!

[likya123] 24/10/2019 07:49

One last chance to buy under 15p at open.

Well spotted Rokkie and confirmation complete!

Today is going to be a very blue Thursday.

Many many pounds not pence.

[johnb5] 24/10/2019 07:49

If there was no substance to this fund raise 1. Tern would have denied it yesterday or first thing this morning 2. USCG would have removed it. Instead they've added it to their "transactions completed" section.

[philjeans] 24/10/2019 07:48

Come on Tern - get your act together for goodness sake!

[still waiting] 24/10/2019 07:48

If we get one investment that proves up the m cap on its own as many have said all along I expect a quick bagger..

[upthegardenpath] 24/10/2019 07:46

Well that's cleared that up - just awaiting the detail now.

[dave444] 24/10/2019 07:44

Duxy is obviously hiding behind the couch with fingers in his ears!!!!!

[dave444] 24/10/2019 07:42

Anyone that sold on the back of that email comment will be extremely unhappy!!!!!