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Whilst not yet reflected in the TERN share price; the ever increasing flow of positive investee news will one day reduce the incompetence of our BoD to the status of a side show.
Hopefully some type of corporate action will see them all removed and replaced by a leaner and more dynamic team; one which will broadcast to the Market and beyond,the mega achievements of DA/Wyld/FvR etc in a more timely and exuberant fashion.
BUY !!!
Shortly before the surge in trading activity on August 4th I noted the prevalence of posts by those on my filtered list.
"The 13 " GREEN COFFINS " now piling up on top of each other surely heralds the arrival positivity ++ !! "
Once again deramping posters are attempting drown out rational discussion.
Could this herald another big "up" day being on the way ?
Would it not be more advantageous, for the BoD that is, to delist, shed the many PIs who would not wish remain holders off market, then disenfranchise others by stipulating a minimum holding requirement....
...and then engage with private equity; or alternatively secure the first of those EV exits ?
Stentorian
Anyone remember the albertsisto tweet on 09 February earlier this year (you know the one with AW, DA and AS having a red wine)?:-"A great day for @Ternplc .
Two of our portfolio companies @WyldNetworks and @DeviceAuthority ink agreement to combine both technology and customers to focus on satellite IoT and IoT security to address a USD 120 billion market."
mudbath:-
"Taking stentorian's post one step further; Wyld, being a public Company, were bound to announce their collaboration with SpaceX.
Device Authority, being private, has no obligation to inform the market of any similar collaboration.
That massive and sustained demand for TERN shares on Friday would suggest to me that SpaceX/Elon Musk/Device Authority are also in talks.
If this is indeed the case.....
....then the ride for TERN shareholders is going to be beyond exciting.
This week should be informative ++"
Friday, in such a scenario, was therefore no temporary spike; more a harbinger the many further price increases still to come.
It is perhaps understandable that this thread is currently encountering an onslaught of negativity from the "green ones", as the past few days have seen TERN's investees and their partners providing a veritable torrent of positive updates.
It cannot be long before the investment community come to understand that TERN represents a most interesting opportunity; one which, despite the well discussed weaknesses, will surely generate excellent future capital appreciation.
At only 3.75p mid, I would anticipate a 33% uplift before the end of August.
Once this SP momentum is established, then further progress will be difficult to resist.
Atlantic 57 highlights the auditor's comments on the inventory figure.
Their statement that , "there is a significant risk over the valuation of these inventories " cannot be ignored.
The fact that they then qualify the possibility in order to conclude that the gross inventory figure is acceptable nevertheless has to be a red flag for as Truthfactory states, much of the inventory is nebulous at best.
https://www.deviceauthority.com/events/virtual-summit-2023-save-the-date/
Upwards looks a one way bet to me with the downward trend about to be reversed.
The upcoming Device Authority event looks certain to stimulate vibrant interest.
"I am excited to invite you to our upcoming virtual summit that will take place from June 20th - June 22nd. The summit is focused on Creating Sustainability in Your Supply Chain, and it promises to be an exciting and informative event.
We have lined up a fantastic group of speakers who are experts in their fields, and they will be sharing their knowledge and insights on the latest trends, best practices, and strategies related to securing your supply chain. You will have the opportunity to interact with these experts and other attendees, ask questions, and learn from one another.
This virtual summit is free to attend, and all you need to do is register through the link provided below. Once you register, you will receive all the details on how to access the summit and participate fully in the event.
Don't miss out on this fantastic opportunity to learn, network, and grow. Register now and secure your spot today.
Looking forward to seeing you at the virtual summit.
Best regards,Tyler Gannon - Vice President, Product Marketing and Strategic Alliance. Device Authority
Buying at these levels should yield sound gains over the coming months.
BUY
Has Christopher Egleton acknowledged (to himself) that his Minoan escapade has finally reached the end of the road ?
Palatable alternatives must be few and far between, at best.
Maybe CE does not understand the humiliation of failure.
In his shoes, I would choose the delisting route, which would at least enable Minoan to fold quietly away from the AIM public gaze.
Not looking good !
Minoan, of necessity, will need to update holders in the short term.
Some look forward to such an update with eager anticipation.
Their optimism though appears groundless, rather like the company itself.
As the saying goes....Better out than in !
A timeless Lesson from Warren Buffett's Annual Letter to Berkshire Hathaway Shareholders
By Daniel Foelber – Mar 2, 2023 at 6:50AM
"Patience is the foundational investment trait that opens the door to outsized gains."