UK 11:08 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
AIM-listed POS Tern plc (TERN) announced this morning that it has had to borrow c. £45,000 from its CEO Al Sisto. It also admitted that its cash balance as at the end of June had dwindled to just £70,000 – in other words it has been running on fumes. The loan (and c. 12% APR interest) is to be repaid from the proceeds of the underwriten Open Offer currently on the table but this all raises the question over how long it will be before Tern has to return for yet more wonga to blow.
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