RE: Kriiss are you suggesting17 Aug 2022 22:21
Excuse me while I spin a different perspective in respect of the resignation by Mr Sisto from the board of Device authority.
It has been mentioned elsewhere that Mr Sisto left the board of Wyld prior to its admission to the Swedish Nasdaq. Wyld subsequently managed to list on the US Nasdaq. There is a question over the timing of events but I'll ignore that one.
There is also the failure of Tern to list on the US Nasdaq themselves.
Apparently because they, accusations abound, botched the documents.
I would be inclined to suggest that, unlike a failing patent application that has to rely on the documents as filed for the purposes of claiming priority, a failed application to join the US Nasdaq because of botched documents would be fixed by refiling the botched documents.
If that cannot be done then something else is wrong and that something else might warrant your removal from others equations.
So. Despite the dreams of Rhodi and the other 'Genuine' penny sharepunters of a Billion Dollar buyout who rage against the hidden forces of evil that live in their collective's mind the other suggested option, an IPO, is more likely.
However Tern no longer have any meaningful lien in terms of loans or a hold over the, worthless in my consideration, Intellectual Property of Device Authority. All that is left is their holding in the company.
As an aside on the subject of the, my opinion, worthless intellectual property of Device Authority and the soon to be worthless claim to intellectual property being sought by Wyld.
Once again being able to do a thing and build the partnerships and infrastructure to do that thing will likely always trump ownership of the thing.
Microsoft should have taught you that one.
So now you are left with an IPO where Tern have relinquished a Directorship, perhaps over concerns over Terns inability to get a Nasdaq listing themselves, leaving a significant holding as the only leverage.
Unfortunately as we appear to have seen in the case of Wyld this gets lost because the rabid 'Genuine' penny sharepunters will not give Tern room for maneuver by punting up their pension pennies having spent them all on the dips.
As a result and as we have seen before, my biased view of history repeating itself and the concept of learning from it, what happens here is that Device Authority does IPO. Tern is unable to take a significant part in that listing and gets diluted outside of any meaningful influence over subsequent events.
Having studied The Art of Fen Shui, as mentioned in the Film Wall Street. If I saw value in any of Terns portfolio companies I would try to remove the sofa and other furniture, including the dross that inhabits the hellholes known as investment forums, prior to redecorating.
One final comment, again based on Wall Street.
I very much doubt Swanny, whose identity remains questionable and who has themselves acted in a similar manner to the rest of you is going to sail in like
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