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Tern – the sudden change of auditors. compelling evidence that it was not planned

By Tom Winnifrith, The Sheriff of AIM | Wednesday 13 May 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


In Nigel’s article on Tern (TERN) yesterday he highlighted the change in auditors -a theme I took on in bearcast.  As one of our regular commentators pointed out there is no longer a requirement to file resignation letters at Companies House unless the auditor has concerns or is the company is listed.  However, the resignation does raise some concerns. Here is the proof something is very rotten in the state of Tern.

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