Member Info for flashgarden

IMO they have had a draft copy for 2 weeks that will be doing the rounds with 'better quality investors' and end users while the price is at rock bottom before releasing the final version to 'low quality investors'. Expecting PFS closely followed by other developments.

I think a 'draft' copy of PFS will already be being used for discussions with end users and 'better quality investors' before general release to the plebs.

Ytee knows very well the benefits of partnering. Why walk the streets trying to sell your produce when you can strategically partner with an aligned and established business to get access to their existing customers? Correct, It isnt customers or revenues in itself but it is a well established method of gaining access to potential customers; from DA last quarter comments it seems to be getting them some traction. Ytee, would you have recommended the ragae reggae sauce guy had continued selling direct from his kitchen at home instead of getting his product on the shelves of the big supermarket chains. were jammin' - hopefully not just jammin tomorrow.

A man and his family lived in a village. Lets call him Mr Green.
The village had a real community spirit.
One year the village suffered a crisis. A local factory adopted unethical practices and after a meeting, the village decided that no village residents would work at the factory. Some families were more impacted than others due to the factory providing the majority of their family income. The village council met to discuss what could be done. Mr Green stood up and said the solution was for everyone to learn new trades so that they were less dependant on the factory income .
Mr Fritz, whose family was on the breadline due to losing most his family income, said that Mr Greens idea was a good long term approach but added that it would take time to retrain and that in the short term all of the village would starve. Mr Green replied that he was not reliant on the factory as he received income from other sources. Mr Fritz replied that Mr Green should not be complacent as there would be a lot of people in the market for work and Mr Green could find himself unemployed because of the competition. Mr Green did a little jig and said he was learning a new trade and would be fully qualified in 8 years so there was no need to worry. The rest of the village council looked at Mr Green in disbelief. Mr Fritz started to get frustrated and mentioned that Mr Green had a large area of unworked land that could be used to grow food and raise livestock. Mr Green could either use this to feed himself or to feed the village in this time of crisis. Mr Green replied that this was not a good idea because he was currently training for an alternative career to diversify his income and did not need the farm. The Village agreed that Mr Green was insane .

Unless of course they do a deal with an end user who stumps up the 60 million for 50 percent of the 75ktpa graphite over the lifetime of the plant.

What the deramping crew wont tell you.
Their comments are as completely self serving as the rampers.
Thats why they have 100 percent of their posts on a company that they claim is going nowhere. What an utter waste of skin.

You are so transparent Ytee........over - zealous.
Once Wyld listed then it was always a risk.
The only way Tern can maintain their percentage is to participate in any wyld fundraises at the same level.
Without an exit from one of the other portfolio companies, the only way to achieve that is to dilute Tern shareholders with a fundraise. How would you view that?
The maths are clear. Tens of thousands of units already ordered at $5 per month per unit. ....and its not even live yet.
Wyld value us about to go stratospheric. Tern shareprice is an absolute joke.

AS more or less says in the RNS that the price Venafi paid was a bargain. DA need Venafi as a partner to take their product to market, hence the bargain basement valuation. He also admits agreeing to that price and writing off those loan repayments was a tough decision but strategically a better one. This is the difficulty with partnerships as opposed to customers.

da loans to tern were written off as part of the transaction with venafi that AS describes as a complex .

Been associated with this off and on since the Ramco days. In a bouyant O&G climate its worth 19/20p IMO. Main investors will need it to be above 7p to get any return. I think this can fly but it has had so many false dawns. Regardless of the green agenda Ireland needs this field to give it energy security. The transition away from fossil fuels is going to be painful. I dont think people realise how painful yet.

Using an on station FPSO with sub sea wells will speed things up and reduce development costs. Was news to me that they require water and gas injection for those flow rates. Lots of steps still to go. Hopefully get a better deal the way things are shaping up in EU o&g - especially if FPSO being used. Im prepared for a reduction to 10% in any deal. Preference would be for someone to take them out early doors for at least 10p a share .

I think everyone is letting the BoD off too lightly. Lets just be absolutely clear. The timelines, stupid or not, were not invented by shareholders. The anticipated timeframes were invented and communicated by the BoD. Shareholders who have complained about lack of delivery on those communicated timelines cannot be criticised. If there is no time frame now then its a change. That happens but Investors will have used previously communicated information in their decision making. If anyone criticises an investor for expecting an exit before now they are really saying 'you should not have believed the BoD' . So where does that leave us regarding information that is being communicated now? Should we not believe that too? Basically, the message we are getting is, until we get an exit that is truly value enhancing then anything can happen. What would the opinion of all the minnows be if there was an MBO at a ridiculously low price? I am all in favour of having a BoD that are not overinflating the share price on hype alone,; been stung by that in O&G. But is building expectation on a timeframe for exits with a phased development strategy and then in one sentence tearing it up really that much different?

....why mention change of strategy regarding timescales; or lack of. To me, when it comes to antipated timescales, they have either misled investors or failed.
The only positive spin I can put on it would be that it wasnt really a message to us but to prospective buyers who may assume that Tern is under pressure to sell.

I would agree with you if that was the situation but it isnt. The train is in the station, all the indications are that it is the right train. Its delayed, mega delayed but appears to be nearly ready to depart. But someone who doesnt even want to get on it keeps running backwards and forwards along the platform telling everyone why its a bad idea to do so. Is that not bonkers too?

G. Rees I get the impression you want everyone to wait until the train has actually left the station before being convinced that everyone should be on board.

is on its way.
tech buy outs are about to go stratospheric.....
https://www.privateequityinternational.com/how-eqts-e20bn-fund-x-target-stacks-up/

no worries sweepie.
My concern is what happens after any sale.
If tern itself was bought out then tern management would want a sweetener. Either positions or a golden handshake in the form of warrants etc.
Would AS want a position, at his age??? I think not.
My feeling is that the way the sale would be managed is by selling the portfolio companies, keeping tern alive and then arranging to give themselves a big chunk of the proceeds.

My reasoning is :
OTC is taking far too long. They are either being blocked due to lack of transparency or are holding off with a listing because of other negotiations involving a sale of one or more of the portfolio companies.
Then we have the simplification of capital structures and the settling of loans etc.
DA - Settled, still with a majority shareholding. Venafi involved in the restructure and got a small percentage for a giveaway price. I understand DA need Venafi to take their product to market but the deal seemed a means to an end. It was described as strategic. Thoma Bravo will have been involved due to their investment in Venafi.
invma/ konektio - loans settled , new investment from a third party, reduction in holding.. The deal seemed poor with regard to the reduction in our percentage. Sarah Payne is on the BoD so imo this restructure was part of a bigger picture. Also, why change the name unless it was a precurser to a major development. It is not as though they need to reinvent themselves. Someone, Somewhere, didnt like the name.
wyld - on the road to glory but incentives made to management have been settled. Why do it now?
FVR - Dont think they need Tern anymore. They are class leading and recent METAverse developments make them hot property.
TM - the wildcard entry. But we have been told that they were presenting in the US recently and it seems to have gone well. Who
were they presenting to? Clients or future owners.
IMO Thoma Bravo have been involved in some of the changes via Venafi. They are currently organising a new investment fund and will need to promote this to investors. Maybe they have requested these changes . They definitely would not like that the portfolio companies still had unresolved loans with Tern. If I was Wyld management I would want my incentives in place before I agreed to be sold on. And what about TM - maybe the new owners needed convincing hence the presentation.
All conjecture but imo something big is coming .

my personal opinion( and thats all it is) is that Thoma Bravo may make a bid for terns entire portfolio.

https://www.channele2e.com/investors/private-equity/thoma-bravo-next-technology-investment-funds/
They must be close to releasing details.