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Tern – Second Shoe Drops As GM Called

By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 31 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.


It is more ouzo-on-cornflakes this morning as AIM-listed Tern plc (TERN) has called a General Meeting to try once again to get its shareholders to approve the issue of more shares. This time, the company has placed a gun to the head of its (over-) loyal shareholders, and whilst it is clear that the company does indeed have to raise money pronto to avoid a gig with the Fat Lady, the implications are clear. But it is simply not enough….
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