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Tern – More Questions Over That FundamentalVR Fundraise. Where Is The Value?

By Nigel Somerville, the Deputy Sheriff of AIM | Saturday 13 August 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 was puzzled by the re-announcement of the valuation by AIM-listed Tern (TERN) with regard to its holding in FundamentalVR (FVRVS). After all, this was due to a second issue of B-series shares on the same terms as the first. Surely, then, we knew all that already, and it would not have changed. Silly me - this is Tern, after all!

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