By Nigel Somerville, the Deputy Sheriff of AIM | Friday 19 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.
We know that investee of AIM-listed jam-tomorrow investment company Tern plc (TERN), FundamentalVR (FVRVS), raised new money via a Series B funding round as announced on 31 May 2022, and again as announced on 11 August 2022 – the second of which cost Tern £1.5 million against the book value of its investment. On 28 July 2022, Tern chairman Ian Ritchie was announced to have bought 560,000 shares in Tern. This raises an interesting question.
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