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New Magnus Opus: You TERN If You Want To…..

By Nigel Somerville, the Deputy Sheriff of AIM | Monday 28 August 2023


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 jam-tomorrow Internet of Things investment company Tern plc (TERN) is in real trouble. It is short of cash, can’t issue shares, its investees continue to burn cash meaning cash-calls imminently and Tern’s “up to….” £3 million lending facility is also in trouble due to the company’s inability to issue shares. It is a perfect storm which is set to get worse. Here, in detail, are the reasons this bulletin board darling is a slam-dunk sell as it struggles with four major financing issues.
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