Tern: more bad news to close the week and next week will be disastrous results with a bailout placing needed

Oh dear, oh dear as my old pal the disgraced tipster Mike Walters used to say when one of his shite tips went tits up. Cash guzzling almost bust Tern (TERN) is the sort of rubbish Old Mother Walters would have tipped in the Mail in his heyday as he promoted frauds like Minmet, Polly Peck, 3DM, Pursuit Dynamics, etc etc. Today there is more bad news ahead of next week when there will be even more bad news

BREAKING: Tern – Tom Winnifrith Is Just Too Nice!

I noted Tom Winnifrith’s comments yesterday regarding the disaster that is unfolding at AIM-listed “no jam tomorrow” Tern plc (TERN) and its investee Konektio. But the numbers are even worse than he thought!

Tern – disaster at investee Konektio: a portent of doom elsewhere

The nuclear winter in small, cash guzzling, low grade, tech stocks continues and an admission today from Tern (TERN) shows just why its NAV is going to be crushed.

TERN’s Suicide Note

On Tuesday AIM-listed jam-tomorrow investment company Tern plc (TERN) issued a portfolio update. In my view, it was a suicide note and anyone continuing to hold is, in my view, truly certifiable. Here is why.

Tern – Is There More Bad News On The Way?

AIM-listed jam-tomorrow Internet of things investor Tern plc (TERN) shares are falling again, today by a modest 0.25p to 7.75p, but I fear it could become an avalanche if the word on the street proves in any way correct. So much for the ramptastic Portfolio Update RNS the other day which pushed the shares north: they are now lower than they were before the announcement!

#TERN – following the ramping, fundraising (natch); £1.5m at 10p per share

Tern – Spot The Pre-Placing Ramp: SELL!

AIM-listed jam-tomorrow (if ever) IoT investment Company Tern plc (TERN) has followed up yesterday’s ramparoonie over Wyld (listed on the joke Nasdaq-of-the-north exchange in Stockholm) with a big announcement of a new contract for jewel-in-the-crown Device Authority worth $1.2 million…….over five years.

Tern – Wyld 3rd quarter results show it’s still a significant cash burner: SMTM!

In its RNS yesterday Tern (TERN) provided various extracts from Wyld’s 3^rd quarter results for the period ended 30 September 2022.  The extracts focus heavily on positives such as the purchase orders now being received by Wyld.  If you look at the actuals published Wyld results it becomes apparent that it may take some time for these revenues to be reflected in the income statement as the following note to the accounts shows:

#TERN – equity fundraising by Wyld Networks

Five Slam Dunk Sell For 2022 – End Of October Update As Tern Heads Into Cash Crisis

My five slam-dunk sells for 2022, Tern plc (TERN), Barkby (BARK), Trafalgar Property (TRAF) and URU Metals (URU) of the AIM Casino, and sub-Standard-Listed AIQ (AIQ), were heading nicely towards a clean sweep, with four winners out of five at the end of September. As Tern heads for a desperate cash crisis within weeks, how are the scores-on-the-doors this month?

Tern – Device Authority fund raise: a maths lesson for morons

Sub scale investment company Tern (TERN) has announced that it has invested a fresh $303,000 in loan notes issued by Device Authority, its largest single investment where it has a stake of 53.8%, Two matters of grave concern should leap out at you.

#TERN – further Device Authority Ltd fundraising, Tern subscribes for $0.303m of convertible notes

BREAKING: As Tern Is Holed Below The Waterline, What About Device Authority?

I think we have firmly established that AIM-listed jam-tomorrow investment company Tern plc (TERN) needs yet another placing some time before Q2 2023 despite its recent fundraising efforts. But that is just to keep the lights on. What about its portfolio of cash-hungry mutts? When will the next call on Tern’s (lack of) cash be? Wyld, with its warrant call mid-December? Or might there be a call for funding from another of Tern’s portfolio first?

Tern – Fundamental Questions Of Clarity

It has been a difficult week for the AIM-listed Tern plc (TERN) BBMs: the jam-tomorrow bubble has finally popped, the company faces a major cash-crisis in between 3-6 months' time and the share price has been hammered by a not-very-successful placing, down to just 7.45p from over 10p about two weeks ago. And the shares now trade at a discount to NAV, and it is clear another cash-call is on the way. In the midst of this nonsense, investee FVRVS’s accounts for FY21 came out on Companies House. Oooh - that looks like fun…..

Tern – More Reasons To Sell As The Bubble Deflates: Tom’ Problem Is That He Is Just Too Nice! Lights out by Christmas!

I am still nursing an ouzo-inflicted headache following Wednesday’s bailout placing at just 7.5p by AIM-listed Tern plc (TERN). Tom Winnifrith has covered this here and here already, but there are still more reasons to sell.

Tern Primary Bid offer flops – do the maths on when next bailout needed: it’s grim

If you do the maths, the Primary Bid flop for Tern (TERN) announced this morning is really bad news. The amount raised by Primary Bid and in a subscription is just not enough. It is a sticking plaster on a wound bleeding cash when a full tourniquet was needed. And it means that the countdown to the next placing is already underway.

#TERN – raises £1.6m at discounted 7.5p per share, including only £0.3m via PrimaryBid

BREAKING: Tern raising up to £2 million including Primary Bid Offer - DON'T DO IT!

Nigel Somerville has warned you often enough that sub scale investment in cash guzzling crap company Tern (TERN) was running on vapours. It did not have enough cash to fund its bloated PLC costs let alone to feed the gaggle of perennially loss making companies in which it has invested. So today's after hours RNS will not shock you.

Tern – Diabolical Interims, Technical Insolvency and Worse

AIM-listed Jam tomorrow investment company Tern plc (TERN) released awful interim results to June 30 2022 today – there is no jam tomorrow! With negative net current assets and a loss of £2.4 million, a failed takeover and a cash-crisis, it couldn’t get much worse…….but it does!

#TERN – argues “optimism”, but even stated NAV per share down and H1 cash down to £0.3m