Member Info for antelope

https://www.politico.eu/article/czech-prime-minister-petr-fiala-prague-jan-lipavsky/

I'm not an investor here, rather I'm in Tern, and have been so for years. But, given that the two companies are similar in their MO, I wonder if I may ask you guys a question? Does your BoD always insist on valuing your investments by NAV? Meaning that unless a value changing event such as external investment has occurred, asset valuations might be based upon estimations made years ago. Or are assets valued in any way by their potential commercial worth? Does the BoD suggest valuations that are different from the market's valuations? So the market may assume commercial values while the board sticks to NAV, thereby acting as a brake on the share price?

Tern isn't doing as well as, in my opinion, it ought to be if one considers the likely commercial valuations of assets upon sale. But the BoD insists on NAV and the market, unfortunately, is doing the same. I just wondered if this is the case in all companies of this nature. The implication being that there's unlikely to be much of an investment return until an asset sale occurs.

Tern is also plagued by shorters and particularly trolls for some reason. Which doesn't help. Pleased to see that's not the case here.

Of course they're into 'existing private companies'. That's what Tern do. Invest in startups that are not listed and which show promise. Like all investment type companies like Tern. It's clear that you're confused and don't really understand what you're talking about. I'd stop digging your hole if I were you. And you cannot claim that Tern have investments that they have not informed the market about. I believe that's making claims of illegal activity by a UK Plc. if they haven't informed the market, and you'd better be able to back that up.

Franky, you have your wires crossed somewhere. You're mistaking Tern for another company. No one on here has ever heard of Lucid, and so are most definitely not unhappy about them. There is no such company as Lucid in the list of Tern investees. Had Tern made such an investment, they would have ben legally obliged to inform the market.

Provide evidence, or stfu.

AS can't release figures and KPIs unless the investee wants them released. They're not AS's to release. DA is a private company.

https://www.theguardian.com/world/2021/dec/05/rio-tinto-lithium-mine-thousands-of-protesters-block-roads-across-serbia

https://cleantechnica.com/2021/12/05/lithium-factory-announced-next-to-tesla-giga-berlin/

never heard of Lucid Networks.

The more I think about this, the better i feel. 1/ there was that change in C shares or whatever they were at Companies House recently (I don't understand all this A,B,C share stuff). 2/ DA's loans have been extended by an odd period... to exactly the end of the financial year. More than coincidence imo given that... 3/ AS has said a liquidity event before year end (financial year, not calendar). 4/ DA's share structure has ben tidied up and consolidated. 5/ TomasBravo/Venafi have taken a stake.. specifically referred to as a 'strategic' stake, suggesting something is brewing, especially given the FCA definition of the term 'strategic'. 6/ Daren at DA has taken a hit regarding percentage of final sale price. But he's not going to take any hit without it being compensated for... shares in Venafi? A directorship?

I think this RNS is just another stage in lining up ducks. DA sale at true market value coming in Q1 2022.

You reduce yourself through puerile comments like that. And logically it's you in denial for denying what I've just said. Fed up with you, fool. Back on filter.

Yes and they had over 3 mill before that.

Why? It has a large 7 figure sum in the bank.

From Dave444 on advfn:

"I think people are missing a large part of the picture! We now own outright 53.5% of the whole future sales value! B + C shares are now on equal terms! Under the old position we had 56.8%*75% = 42.6%. We also had 14%*25% = 3.5%. Plus convertible elements on loan notes! We now have a simple 53.5% ownership which is in a simple straightforward format to make it attractive for a buyout!"

This simplification may (?) be seen as preparation for bigger things to come.

I didn't expect this RNS, but I think people are reacting without thinking it through.

The RNS explicitly refers to Venafi's investment as being 'strategic'. According to the FCA, this has a specific meaning:
"strategic investment
an investment which:

(a) is made for a strategic purpose;
(b) is made for an expected duration consistent with that purpose and is, or has the potential to be, illiquid or hard to value; and
(c) is significant in value in proportion to the size of the with-profits fund.
"
(https://www.handbook.fca.org.uk/handbook/glossary/G2925.html)

So the question is, what is Venafi's strategy? Given that they already use Keyscaler. And what are the possible implications of this? Venafi are not fools. They've seen an opportunity. If, as the FCA definition suggests, the investment is for an expected duration, what event is expected at the end of that duration?

Furthermore, the share structure of DA has now ben greatly simplified. Instead of Tern being due 42% or thereabouts of the sale revenue plus a few add-on, we now get a set 53.8% of the sale revenue, whatever that may eventually be.

None of this is what I'd hoped for, although even then I was expecting this kind of development in the new year. But in my opinion, this sums to being a sign of positive things to come. I don't think this lessens the potential for a high value sale in 2022, hopefully in Q1. Just my opinion only.

OK, thanks. Unless it's dependent upon the acquisition date of DA. Although it sounds as though you're right.

Jerseyike makes this pint on advfn.

"6 year anniversary of DA Inc acquisition is in April 2022. No CGT on any sale after 6 years."

Can anyone remember when or how Cryptosoft and DA merged? CS came first. Did DA reverse into them? If so, is april 2022 too late and in fact that CGT deadline is earlier? Would such an RTO constitute an 'acquisition'? Did CS reverse into DA? I'm sure JM has hit on something significant.

Good thanks Cam. Hell of a lot warmer than there.

nefabeta, agree. Tern don't need the cash, and DA can put it to better use.

Showing your ignorance again. Show me any post of mine that ramps. I am scrupulous in posting only an honest opinion with disclaimers. I have never, ever, claimed 100p by year end, and do not believe that is possible. Wake up fool. You're making it up as you go along.

Who and Rhodi?

If DA is shortly to be sold, and even if it's not, DA can make far greater use of the loan cash in the short term than paying off loans. As usual, your interpretation of events, just like the rampers, is naïve and simplistic.