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Tern – Two Drunks Fall Over And “Strategic Update” – Uh-Oh…..

By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 21 July 2022

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.

I commented before that the proposed takeover of AIM-listed Pires Investments (PIRI) by AIM-listed jam-tomorrow investment company Tern (TERN) reminded me of Tom Winnifrith’s image of two drunks trying to prop each other up, as neither had any money. Today we learnt that they had fallen over each other and were lying in a heap on Paternoster Square.

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