Member Info for Camkite

"2017 was a transitional year for Tern, with the Company diversifying its portfolio, realigning its management team and revising the Company approach to better ensure the success of our portfolio companies.

"With our transitional changes near complete, Tern's management and Directors anticipate that 2018 will represent a period of net asset value growth for Tern

Operational highlights

Device Authority Limited secured new commercial contracts and boosted its partnerships New investments were made in IOT businesses: InVMA Limited and Wyld Technologies Limited Management team technology credentials strengthened with new Chairman Year on year finances stable but NAV impacted by exchange rate movement:

* Total assets 2017: £11,069,300 (2016: £11,464,696)

* Net assets 2017: £10,580,802 (2016: £11,187,739)

* Profit/(loss) 2017: £1,689,555 loss (2016: £5,296,633 profit)

Pure comedy.

Even funnier to see Ritchie highlight, in this statement the importance of having AS involved..

Since 2017, they have raised near on (more than) £10,000,000 the value of the assets has remained exactly the same & they’ve written down multiple investments.

completely delusional or a complete blagger ??

Couerdelion Quite simply, as an investment company TEK only benefits from a dividend or exit and has to raise funds to stay afloat, admin fees, broker fees etc and keep up shareholdings in the investees for them to progress to the point of sale.

It is the same for all none dividend receiving minnow investment companies.

Huge potential but between now and any exit shares could be diluted multiple times to keep investments building which is why they all trade at such heavy discounts.

Results also due any day i believe followed by a very uneventful conference call.

They;ve announced a raise every 2 months consistently for the past year. The last one was announced on 17th April, 6 weeks ago. They will also utilise any increase in volume and share price to raise, as they have done and do on the regular.

Their burn rate is extortionate for a company that "invests" and does not have a direct business to operate.

Many people here have been here for a very long time... Years. That has always been because they see the value in the assets / investments which are held BUT this does not detract from the fact that TERN as a investment company has been mismanaged and run by a BOD that quite frankly take the utter P**s out of their supporters... £100k+ a year wage, for doing what exactly ? raising funds, writing down investments, writing a corporate report once a year and dodging any remotely difficult question on conference calls.

If i was ripping off my fellow man in the same way I would be ashamed of myself, these types are probably proud because they are perceived as "successful" among their peers, yet have accomplished nothing but value destruction for a very long time.

This does not detract from the fact DA could offer a huge return. Next month or in 5 years time, no one knows.

Slowly - You're missing the point. TERN will continue to raise into all and any rises (as they have done for the last 15 years) as they do not get rewarded for any value increase until sale of assets / investments. Whether that is at 1.5p / 2.5p or 5p remains to be seen but as night follows day it will happen.

Pedro you're completely missing the point mate. Decentralisation of the monitory system allows a freer market that cannot be manipulated in the same was as fiat.

The system we currently all support was set up to fail for everyone bar the very very few. If you take a look at inflation & relative wage increase and how the middle class is being demolished, this isn't by accident - it was intended in such a way. If you want to go proper deep into it, take a look at the freemasons and their belief in Egyptian Mythology & perhaps if you want to go mega deep, slavery. "Anything you look down on, you control. Anything you look up too, controls you" (Money).

Bitcoin although not perfect is a movement against a system built to screw us over & the fact there are many that believe in it AND it is finite, tradeable and swappable, holds its worth - it will swing up and down but it's not going to suddenly just burst (as you suggest, its actually almost impossible for that to happen!! ).

Likewise. It is not a CON it is an alternative system which isn't dictated by the elite.

"Bitcoin to be avoided at all costs"... I hope you wernt saying that when it was $1000 ? (I sense you probably were). Great call.

So you are in some kind of agreement - It is the same as money. It is a con just as much as fiat currency, the whole financeial system is a complete Ponzi (A fugazi built to eventually serve a very small few with everyone else fighting for bread). However - The difference between fiat and bitcoin - Bitcoin cannot be turned into confetti & isn't centralised to serve an eliet few.

Over the next 10/20 years you would be better off holding Bitcoin than you will Dollars and Pounds. Yet you're calling it a con and suggesting people steer clear at all costs... Makes zero sense. I don't think you really understand it well enough.

Can you please enlighten me as to why bitcoin is a "Con" ?

Money is perceved as not a con because it has had some incredible PR for centuries. There is Zero difference to the negative.

Stampcollector. Thanks very much for your replies.

The best invesments are value crreating against "Money" but can easily be Bitcoin there is no difference.

If you think that a finite resource (Thats what it is) which is valued at $100,000 which has risen from such low numbers, cannot be diluted and is held in multi millions of hands can suddenly just burst then I would recommend thinking a little harder about it.

Bitcoin is exactly the same as money except it is finite & not dictated by your leaders. Nothing more, nothing less.

"Money is used and needed for daily living"

Right and Bitcoin can't be ? Why because you decide so... that is the whole point, money holds value because we believe it too, bitcoin holds value because people believe it too... your argument makes zero sense - they are exactly the same thing except one is finite, one is turned into confetti by a ruling elite.

We've agreed on much over the years but on this, you are so incredibly wrong & based on your argument clearly don't understand it.

Its gone from 10p - £100,000+ over 17 years there will be no bursting of any bubble & it will in time be well over $1m

Pedro.

The only reason money (fiat) has a value is because WE (the people) choose to give it one. Bitcoin is exactly the same, the only difference is its not run by the ruling class. The fact that its not tied to a central bank or corrupt governments is for many worth more than fiat.

It is also finite, (like gold) and very much unlike fiat currency. Again, which is why its so appealing. Gold is hard to trade in its physical form, unlike bitcoin.

Its no more of a ponzi schemme than the dollars in your wallet. Granted its not got the corrupt kiddy fiddling elite behind it so i can understand your scepticisum :-/

Thanks.

What are the fee’s on payments made through sotachipay ?

RTO could be a possibility for sure.

Chaps, if you will - What % do BLU own in Sotashipay ?

Also. Financeboy.

Good dart on CREO, well done.

It does look exciting, finally.

However, if they don’t place again into this raise I will happily eat my words.

What is worth remembering - any DA income / profit doesn’t effect tern directly other than via value increase & eventual sale, tern still pays its bludgers to much money and has to raise regularly to mitigate it.

Still holding, have been for far to long, bought more low down but feet on the ground they haven’t proven themselves to do anything other than.

Wether that’s at 1.7p or 5p remains to be seen, one things for certain, it’s coming.

Back where it was tipped in 2015 @ 18p lol

Where’s Keizer and his cousin ??

Bloke has a lot to answer for.

I reference this In convo on occasion. Random forum

Name fed BS and lost plenty of people money to feed nothing more than his ego. Mad in the grand scheme of things.

To buy in here.

Slowly slowly, few free float in issue. Looks like golden.

Martin’s - what exactly makes you think Microsoft need to buy tern out ? What exactly would they stand to gain ??

“Suspension at the beginning of May”