Member Info for barnetpeter

Pension funds etc are dumping every share they can to raise cash. Mostly ftse 350 of course but this green type stock is also held widely albeit in smaller numbers by some funds. Anything that can be sold is up for sale.

The company gambled big time on growth and more growth. Sounds familiar? They lost. The company cannot continue as a going concern for long. So sad. They were in a fabulous position with no debt at all and 100 million in the bank etc. They could have sold bitcoin every month at over 50k but believed in the hype and mortgaged and borrowed galore. Now the company is broke and needs more and more funds to survive. What a real shame.

What price did they get for the 500 bitcoin they sold this month? I cannot see it. I guess they were forced to.

If the investor comes back and demands 29 per cent for the same money or pay just 12p then what can the company say? Nothing. That is the dire position arb are in. They had hundreds of millions in cash and bitcoin and have blown the lot in mass destruction and / or refusing to sell any bitcoin at a monster profit.

The lesson from this is to take your stake out on such a rise. Same with Greatland Gold of course…..but Arb went up 100 fold in just a year.

The liabilities pile up together with the debt. The company Refused to sell a load of bitcoin at 60,000 dollars for a huge profit. Could have kept a huge slug of cash in the bank while building the business slowly and steadily and with no debt. What have you done PW?

I bought some of these at 41p last year in a primary bid placing. Fortunately it was very scaled back. The price at the time was 56p. What has the bod done since then? Nothing much. Just used as a lifestyle company imo. Time for the next placing soon at 6p. I guess. Written this off.

52 Week High 152.50
52 Week High Date 17-Nov-2021
52 Week Low 22.75
52 Week Low Date 10-Oct-2022

I do not know where the low is. Arb hit 2.9p before the amazing rise of 100 times but it also had no debt. It was steadily buying machines. Now it `has debt galore and is SELLING machines.

The mkt cap is far too high and I see 10 pence here.

I hope all the long termers here...like me.....are sitting on a freeroll having cashed in on the amazing rise.

There is a 75% chance imo that Arb will go into administration within 18 months. I say that with no satisfaction. The BOD were running a small company plodding along and were then given the keys to the sweet shop. They rather lost their head it seems. Hard to blame them. They could borrow and raise as much as they wanted. They won awards galore and were feted as billionaire business people. They rushed to show their green agenda and bought a real pup in Texas.

Now the reality is here and PI's who believed in this and the million pound BTC story are going to pay the price. A shooting star for a year or so.....ending in a pile of ashes.

What will happen? Debt and more debt. Even the coins are mortgaged. Arb is nearly bankrupt and will go if BTC falls away again. Not that long ago that ARB was 3 pence to buy before it soared nearly 100 fold. The bizarre idea not to sell at above 60K and then buy this Texas junk at a crazy price. The company got carried away and gambled when they did not need to.

Punters buying more stock? Desperation mostly.

Never thought they would sell machines...having spent so much time and money buying. All the way up from 3 pence to around 270p. Lots of placings at 200p plus. All that cash blown...could have sold a load of bitcoin at 50 to 60 thousand dollars. Now in debt everywhere.

Yes they raised via Primary Bid just over a year ago at 18.8p. Now just 7.5p. Not sure it will be over subbed this time!

13 July 2021

Tern Plc

("Tern Plc" or the "Company") (LON: TERN)

Retail Offer



Tern Plc (LON: TERN), the AIM-quoted investment company specialising in the Internet of Things ("IoT"), is pleased to announce a conditional offer for subscription via PrimaryBid (the "Retail Offer") of up to 10,566,200 new ordinary shares of 0.02p each in the Company ("Retail Shares") at an issue price of 18.8 pence per Retail Share (the "Issue Price"), being a discount of 16.4 per cent to the closing mid-price on 12 July 2021.

Are dumping anything they can at almost any price as they need to raise cash. M and s is now at a false price but that does not mean the fall will not continue. No idea where the low is…70 to 75p maybe?

25p on the way. A large estate agent has written to me to say they willl be charging an extra £12 per month on top of usual management fees from November. Only a studio. Too much and I am collecting the keys. Letting is strong but there is a lot of competition and agents are trying to push higher and higher. Eventually too much. I am not on here at this time having sold out above 40p but watching. Any suggestion that the government will follow Scotland and not allow evictions for months and big trouble for all agrnts

The shorts sold all the way down from above £2! Plenty may be closing from 30 pence etc…not much left to short. Good to see a bit of a rally though. 60 pence please!!

Yes or although I could see 15 pence. Many people are taking a real kicking here. I am down myself from 60 pence average. Dire but not unexpected.

Still tanking away I see. All this type of holding company are falling away. 18 pence? 15 pence? 11 pence? Tough to know where the low is here. I see any IPO being pulled in current mkt conditions and If so the lowest price of the three.

Almost every company will say the same. Tax cuts will help

Looks cheap to me. Brighton Pier is always busy and has lots of events....a Jazz festival soon .....so Winter is not an issue. One for me to watch to see if this falls further but i will buy a few today to start off.

52 Week Low 106.25
52 Week Low Date 23-Sep-2022

A big fall from 2.60 earlier this year. I bought these in Covid times in the 80's and sold out over £2.20. I can see this returning to about 85p where I will be a buyer again. M and S are struggling to get staff and have again put up pay from Oct. £10.2 an hour I read. My local branch is always busy.

I liked the budget in parts and think things could not just continue with inflation high and tax at a 70 year high. Crazy. But the mkts look dire...the Dow is down another 500 points at years low. So will buy back slowly .

52 Week Low 68.40
52 Week Low Date 23-Sep-2022

Not holding and not looked at these for a while. Sold out when they got rid of the pubs. This is getting near to the Covid lows so may be worth a good look if it moves lower. Too much fighting on this MB though!