Tern Share Chat (TERN)

https://register.epo.org/ipfwretrieve?apn=EP.2021053561.W&lng=en

Numerous new/repeat documents. Short summary,

1) All claims remain rejected for lack of clarity or lack of inventive step.
2) The demand for examination was late. Some contracting states might choose to summarily reject.
3) Response required within 2 months to request/file amendments.

"If no reply is filed, the international preliminary report will be established on the basis of this opinion. "

Again the opinion rejects all of the claims.

Swanny on SP she only ever put £6k in Tern on a placing .
She s on a nice little earner here just like the rest of them .

Can anyone remember if Al has ever released an RNS that hasn't trashed the share price?
Add the lack of any sort of urgency in trimming down the completely unnecessary cost base this does look more and more like it is just a company to fund the BOD's lifestyle. I have written to them saying an EGM will soon be called if there is no positive action ( obviously zero response).
I do still think that the underlying growth of our companies will still outweigh our BOD incompetence in the end, but must admit hopes of serious multi-bagging of our investments diminishes after each BOD error. Error being the polite way of putting it!
Also how does SP have 2.5m options after only putting £10k in the company? Obviously she thinks we are going places, maybe she should be going places!

by my calculations. Disappointing as same cost as previous b series and I would have expected it to be higher. Al Sisto need s to get a grip on what is happening with the Tern investee companie as he always said that we have a director on each of the investee companies. Well by my reckoning 2 investee companies do not have any tern representation. Big concern and maybe shareholders should be applying pressure to force an EGM. It seems quite apparent as a previously big supporter of Als for the most part that that we need to have meaningful shareholder representation on the board and shift some of the deadwood. Needs to happen now before Tern just fritters all investments away. I would now reluctantly support Als removal from his current position. Very sad and only shareholders positive action will get the shareprice moving upwards to its true value, as nothing positive from the board of Tern.

Are you interested in getting onto the board as surely you must be disappointed at the continued **** valuations and do you want to have a billion shares in circulation or/and single digit holdings in companies. We also are at a point where you wonder how we are going to pay for the Wyld warrants in December. Have to sell both Konektio and TM in my opinion.
Sisto has to go, he has messed up for the final time, I would support a move for you to join the board

https://i.imgur.com/eRofQbL.png

You was after there Rodder’s..

Tern just don’t have the funds to play this game.

Tern…..

The articles are still nonsense.

FVR still haven’t raised over $30m

And the series B funding round still isn’t $20m

But some clarity at last..

Sweepie3 I would certainly like to hope so as it could be highly lucrative

BURDON, Drew

Correspondence address

Lsp Hef 2 Holding Cv, Johannes, Vermeerplein 9, 1071 Dv, Amsterdam, Netherlands

Role ACTIVE

Director

Date of birth
December 1977

Appointed on
30 May 2022

Nationality
British

Country of residence
England

Occupation
Venture Capital

marketing guru is spreading nonsense.

Fvr funding

Angel $1.2m
Government ?
Seed $1.2m
Seed $1.4m
Series A $5.6m
Series B $8.9m

Not far off $20m with unknown grant amount.

From article oranolily posted

‘This latest investment will go to additional development, machine learning data insights, and a wide range of expansion projects across the United States. Drew Burdon, Partner of EQT Life Sciences, will join FundamentalVR board members in the transaction’

Drew Burdon had already joined in May

‘A software development module is making a big money investment in training. This investment is funded by EQT Life Sciences, while backed by Downing Ventures, in the series A, a previous year. Between the two rounds, the company successfully raised more than 30 million dollars.’

Series A was for $5.6m. It just doesn’t add up.

Sorry but their is a lot of misinformation flying around..

So marketing guru is spreading nonsense..

Is FVR moving into the gaming sector with this funding?

https://game-news24.com/2022/08/11/fundamentalvr-receives-20-million-dollars-of-funding-for-medical-simulation/

Fundamental VR had raised around $20m in total over all their funding rounds in May after the ‘real’ Series B funding round took place raising £7m.

So yes, fundamentalVR have successfully raised $20m over all their funding rounds, not just their series B that happened in May 22.

Link on your last post is being highlighted as a malicious site according to my computer security. Stops me accessing it with immediate warning.

https://itechnews.co.uk/medical-simulation-platform-fundamentalvr-raises-20m-to-help-surgeons-learn-through-vr/?amp=1

Looks like Dawn is on the Horizon but I've just been sorting out commits to GitHub.

Elsewhere I see the no-hopers are still looking forward to the RNS from Tern giving details of their share in the previously annonced $20Million placing and getting quite violent about the certainty.

I have just checked my bank account and it appears to be lacking my accumulated 20p per post fees from Mr Winnifrith. Obviously I should send him a stiff email demanding that he fulfills the contract but I suppose he will just claim the contract did not exist.

However I might be due some Universal Credit.

As a result and in the general spirit of things I'll bet a donation of £100 to https://www.cats.org.uk/ in the event that nothing happens against a similar donation by Rhodi for their own favoured charity if something does beyond a denial.

Naturally I will have to place a two week time limit on the associated predictions because most of, if not everything, Rhodi predicts has a habit of not happening over an immensely longer timescale.

Perhaps someone else, out of the 'green' box, might mention this to Rhodi.

Thanks.

I’ll buy some shares and say any old nonsense to get the price up..

Not that I have an agenda mind you.

Who me??? Never.
Quick
Green box to the rescue

I think FVR should raise $100 Million for 5% of the company and give all of the money to Tern along with 80% of the company. Can't say fairer than that. My advice is also free.

Should read 25% of tern holding equating to 5% of entire Fvr holding. Guess TW will be holding meetings. Squeeky bum time (lol). Someone should just phone Tim or Allenby capital and ask WTF is going on. Probably all on Hols as usual. If any one gets through or gets a reply appreciate your time taken to share. I have given up ages ago as Tern's communication is **** poor imo.

An even better scenario would be that tern gave them 5% of their holding for £20 million. That would make huge sense as save on further dilution. Not sure if even possible. That would make the remaining 15% worth £60 million. Now that would see the share price rocket. Hope Al Sisto or Ian Ritchie are reading this and I charge no fees for the idea.

Why was the post removed? All hypothetical but very possible scenario given what was on certain sites yesterday. I would like to think it was for 5% or less of the company as that would only give FVR a $400 million valuation and it must be worth significantly more imo. They are leaders in their sector as confirmed by the many endorsements even though I am sure the Trolls are busy knocking a superior product up in their shared bedsit. They still hold no shares but desperately try to save investors from making money by churning out continual diatribe. Oh well if it keeps them of the streets then imo it is worth seeing the many boxes. Value will out.

So will post again...

Any news/RNS I think would be released US time. If this is correct and it was accidentally released/leaked yesterday we’ll hopefully find out one day this week.

It would be great to see a cash injection of $20 million although I don’t see why they would need it as they raised $8.5 just 3 months ago. To me it looks like big things are happening and someone wanted in and was prepared to pay. Was that why they had all the 100+ staff get together a few weeks ago? If it is a big name (ie Meta) $20m is peanuts to them. The big question is what % would the current shareholders be willing to give away and what would the new valuation be? A nice scenario would be that they really like what they see and would get 5% to 10% with minimal reduction to other holders.

This would equate to :
5% = TERN would keep 19% and valued at $76m
10% = 18% kept valued at $36m
20% = 16% kept valued at $16m

This would do wonders for TERN’s share price.

Until Tern issue an RNS..

Why would it be US time?? Tern are on AIM. Sisto isn’t required to hand deliver it by 7:00.

There should have been an RNS anyway. Someone put it up and later removed it from Tern’s website.

Typical Tern though..
Someone needs to contact the nomad. Tern put it up on their own website FFS.