Fron ADVFN.18 May 2021 16:24
Advfn...
At times I am not the Boards biggest supporter as evidenced by posts BUT as far as I am aware there has been 1 speeding ticket when the price rocketed in summer 2018 on the back of a Thales tie up. It went up way too high and way too quickly and well in advance of any commercial value from the tie up. Many here wish that hadnt happened but if it hadnt would have ended back in same place slightly later. Mondays announcement was NOT a speeding ticket ... any responsible board would ensure they had ability to raise funds and there is a 14 day period of notice required. They telegraphed they would do this after the AGM (get approval to raise NOT necessarily raise).
What would you have them do ... not schedule the GM ?? And what if any corporate negotiations ongoing (if any) go on longer than anticipated ... they usually do ... and Tern needs money ... they would be stuffed and at mercy of the converible loan sharks etc. They have been very clear at it is naive in the extreme to expect a company to limit the purposes they could raise funds for
So they have done exactly what should have done and anyone who thinks differently honestly is being very naive and I for one wouldnt want them in charge of the Company.
If the things that we believe are going on in the background this will all end very well indeed ... just remember corporate actions take time and companies cannot divulge much whilst things are unsigned or confidentiality cluases in place. Just imagine if we did raise decent funds at or around price just now ... all fear of fundraising wb taken away at stroke and trolls wouldnt have a pot to **** in ... and we could all sit very comfortably waiting for deals to emerge.
Whatever ... chill out. We have seen a fabulous capital market day, massive changes in the IoT security / regukation scene and in Wyld have a company that just might have a dominant position in satellite internet. oh and we are way above where we were 3 weeks ago. The trend is only one way now imo.