Member Info for antelope

That seems rather good. Perhaps the two companies blended together would actually be a good idea.

Why do they only mention Deutsche Lithium?

This is unbelievable. When the hell is Coughlan going to pull his finger out and say something supportive?

Enough. I'm not discussing it any more. You walk forward whilst looking backwards if you want. You'll not be alone.

Believe it or not, you have to have a successful business with a product that everyone wants. And a lot of goodwill and luck. Then a billion dollar valuation is possible. Otherwise there wouldn't be businesses with that valuation would there? But no, nothing is 'automatically conferred'. And pointing out that the given industry is large is a completely different point. An intimation? The key word is 'automatically'. Gettit? Sometimes people just say what they mean. But you have to read what they say to comprehend.

You expressed yourself as if to suggestb that you were unaware of the scale of that industry. I thought I'd help out and point out the truth. It's a multi billion dollar industry. And it's not going away. Neither is crypto. Your little mind twists this into some sort of one man conpiracy to defraud you, supposedly suggesting that invetsmeyts held here are part of that industry and are therefore, de facto, worth billions. Is tis what you do with everything that you read? It would explain a lot.

Perhaps the real world is just too nuanced and complicated for you?

Enough. Go back to your sunday mail.

Re Web3.0 Do some simple googling:

https://www.investopedia.com/web-20-web-30-5208698
https://en.wikipedia.org/wiki/Web3

No wonder you lot are failing in government. Incompetent, corrupt, ignorant and presumptuous.

Now pi55 off and leave me alone.

Wow you're certainly one patronising tw4t aren't you? I've been here for six years. I used to own about 2 million shares but have had to let some go to raise living money.

Crypto is more than just NFTs. It's increasingly a valid form of payment. Fiat does relate to gdp, but it's actually just pure debt. If all debt in the world was paid off, there would be no money in the system. And it's created out of thin air. If you deposit 10k quid in a bank, that bank is then allowed to lend ten times that amount. Thery simply enter the number into their computers.

See positivemoney.org.

You are confusing web3.0 with NFTs. Do some googling. And whether dinosaurs like you like it or not, it is happening.

As for games: https://www.grandviewresearch.com/industry-analysis/video-game-market#:~:text=Report%20Overview,12.9%25%20from%202022%20to%202030.

Nowhere have I even intimated that participation in the games space automatically confers billion dollar values. That's just your litle predjudices, filters and assumptions coming into play. My info for you was well intentioned, to be helpful. Don't expect anymore. For ther record, I to would rather stern clear of the crypto space as it's way to early and volatile.

Do you ever bother to look at the posting history of people you slander and sneer at? I was right in my original assessment of you. A bigot. To suggest I'm persuaded by Rhodi, or anyone on here, especially you, on my views on anything without any knowledge of me or who I am or anythign about me is typical of your sort.

I don't know whatb your background it but I have 30 years in the IT industry to inform my opinions and perspectives on Tern and related issues.

YOP:

https://coinmarketcap.com/currencies/yop/

All cryptos are heavily down at the moment due to people seeking safer havens.

Remember also that Pires' holdings in their companies are tiny. One reason I never invested in them.

I think you're looking at the correct links. But don't be too quick to dismiss crypto. It isn't going away. And computer games are a multi, multi billion dollar global industry. With the slowly emerging Web 3.0, crypto will have a significant role in the online world going forward. Facebook for example are betting their existence on web 3.0

All this is brand new and extremely turbulent. Two caveats though... firstly, crypto is likely to be regulated in some way soon. The fact that a crypto curency isn't actualy based upon anything real isn't relevant.... neither are fiat currencies. It's regulation and the backing of institutions that is different with the latter. Secondly, it looks as though the prize in Pires for AS is a greater stake in SVV, and he may jetison other pires investments that are of less interest. That may include Pluto. But of course no one actually knows yet.

Both tern and pires are invested in SVV. The crypto play that you refer to is Pluto Plc, which is part owned by Pires.

He also lists me as a poster on advfn. I not only cancelled my sub to advfn about 18 months ago I think (it's been so long I forget), I wrote to them demanding that they remove my contact details from the database, so disgusted was/am I with the troll/bot infestation of their boards and their refusal to do anything about it. I can read, but I cannot post. Nor would I.
Clueless fools.

I see one of the fools on advfn, called copycat, has listed me as someone he's expecting a holdings rns from. Haha, I wish. If only he knew the relatively tiny size of my holding. Shows these people up as the misinformed fools they are.

I don't think anyone knows. You could try emailing the bloke who signs off the RNSs... address on the RNS.

Exits also need to be timed to maximise value. In my opinion, valuing Tern purely on NAV is the wrong way. When assets do sell, the sum they'll generate will exceed the value denoted for them in the NAV. So the share price should inded exceed the NAV.

What's our NAV? Stupid question.. I know I should know but it changed recently. Piri's is about 8m, or was recently. That's more than 20% dilution at current Tern NAV. Combined NAV would lead to a significant rise in the share price, at least sufficient to offset Tern's dilution from the point of view of Tern shareholders, and probably more surely. Making the simple assumption that the share price would at least equal NAV.

Well I haven't said that. If, and it's a big if, there is an exit imminent, then the whole thing makes far more sense. If there isn't, then I have serious doubts. When I say I'm back on the fence, I was a no voter. But I think it's too early to take a stance either way. We need to know more.

Rhodi, your optimism is presaged solely on Tern achieving first exit before the merger. Nothing has been said to lead me to believe that. But given the protective clause mentioned that prevents Piri holders from sharing the gains were it to happen, I can see that it would be a good thing.

So why don't Tern wait until they have the cash and then simply buy Piri? Presumably because a 20% dilution at the current NAV would be less cost than the NAV of Piri. So on the face of it, Piri holders are not getting a good deal. Except that, if a sale does indeed occur, then Piri holders, now as Tern holders, would benefit from belonging to a larger company with a much higher NAV and a large wedge to invest. Which would be a better place than where they are now imo.

I'm back on the fence again until I know more.

The original SPAC story underpinning this company was that an existing vertical farming business would be reversed into it.

From recent RNS regarding new director appointment: "Dr Challinor is a renowned and respected, early-stage pioneer and executive manager who specialises in the construction and management of indoor hydroponic vertical farming facilities and in the food security sector."

This wouldn't have happened if this wasn't still live. Patience.

That's 'NAV' and 'businesses'. But I'm sure you guessed that.