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Tern news on InVMA compounds compelling sell case

By Tom Winnifrith | Monday 20 December 2021

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.

Today’s news from Tern (TERN) is welcome because it has reduced its future cash flow burn by finding new partners to fund InVMA or Konektio.  The downside is that Tern has diluted its stake from 50% to 36.8% just as the company is experiencing significant sales growth, according to the RNS:

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