Member Info for rhodi

you can understand why the sp has been destroyed. imo the ceo, chairman and fd have completely mismanaged the company as of late. wow. the end of year statements could be savaged, they seriously need a lesson in how to construct media releases. fully competent of shooting themselves in both feet never mind one. it is cringing but here are just a few:

"as hands on managers we are committed to continuing to work closely with our companies providing them with the benefit of our expertise" and "whilst it is disappointing to report a reduction in the unrealised fair value of a number of our companies" maybe they should be less hands on and all take massive pay cuts as terns poor performance is rubbing off on the investee businesses.

"our portfolio companies are all early stage companies" seems a continuing theme " it is important to see tern shares as as a long term investment" what happened to exits in three years , five years and we need just 2 more quarters to realise shareholder value. .if it smells like **** it probably is!

"i would like to take the opportunity to recognise the outstanding performance during this year of al sisto..bl, sp, and ms." mr ritchie have you seen the share price or is this just a totally delusional statement. "the objective of venture backed businesses has always been to pursue rapid, high growth opportunities". it is obvious that you have failed miserably in this and that 4 of your 5 investee businesses have been held for a long time,hardly rapid and certainly not high growth as the sp of tern is a testament to.

al sisto comments "we remain committed to creating lasting value for our shareholders" not really exemplified in the drop from a strong mid teen sp down to 4p" it could be seriously value destructive if potential buyers knew tern was obligated to sell by a certain date". he must mean like the selling of tern's wyld holding which has helped to destroy wyld sp imo...just to keep paying their wages. i should think that any predator looking at tern only has too look at the cash burn and then look at the tern sp and realise that any fund raise will be grippling whilst tern continue to "take a very prudent approach to their valuation" seriously skewered in their logic as tern will be bought for a pittance when it is in it's death throws.

al sisto also states "but we remain mindful of the importance of preserving capital" . he is having a laugh at shareholders expense. i mean really !!! the pires takeover fiasco that was a huge waste of precious cash reserves and the earlier (and presumably dead, and not the guts to update the market)the failed otcqb application for tern, so badly prepared was the fd and others that the last we heard we were seeking further advisors to look into the issues. hardly preserving capital. no due diligence done in the above two ****ups

lastly, "thank you for you trust in our vision" i for one don't trust your vision and hence i will vote to remove you as ceo at the agm.

Cannot remember being so excited at being able to vote at an AGM, (hopefully very soon)in order to precure change. Tern can finally get a CEO who shares the same goals and aspirations and that is to grow the market capital of Tern and not to destroy it at every turn.

Yes Kadavul. I totally agree, "a joke indeed" and a small token to try and convince shareholders that they are actually doing something productive. I finally believe that the majority of shareholders will vote against the CEO as they realise as good as Al and Tern have been at nurturing and growing the investee companies he has been along with the FD and chairman imo too secretive and non transparent at the sharp end of where the investee businesses are now positioned.

The extremely poor PR and communication has resulted in a pathetic Tern sp. Consequently any monies raised by Tern has meant unnecessary and very damaging dilution of Tern's percentages held within the investee companies. Numerous poor decisions have resulted in wasting precious monies on failed projects (investors know what they are) and hence why no potential investors wish to invest. Imo TERN is now viewed by many as a poisoned chalice and only a change in Personnel on the board will see our fortunes change for the better.

Please let us have an AGM sooner rather than later. Platitudes count for nothing and that is all the current Board of Tern are capable of offering. Those that say a change could be worse, all I say is pull your head out the sand. It cannot be any worse whatsoever than what the current incumbents have done. Totally destroyed the sp.

Totally concur, succinct and to the point. I have a few 100 000 shares all sub 10p and would be surprised if sp did not reach 15p before 2024. So just over 6 months to get 50% profit. Happily take that and any price greater than 15p is a welcome bonus. Unlike your own resurrection, GGP's will take longer but it will happen and the reward will justify the time it takes.

Good luck to all genuine GGP shareholders!!

Currently sitting at half the sp that we should be at nav. Imo this is due to the entire board being totally out of their depth. Some reminders. Al Sisto unable to stick to his own time scales re time taken for the attainment of exits and no apology. Failed to get a listing in the states and still no update nor transparency. Complete waste of resources time and money in trying to buyout piri, shocking to even try when largest piri shareholder objected, furthermore no real justification ever given to any merits for the takeover. No financial metrics as to where the investee firms are currently. The boards continual efforts to suppress the value of Tern and as a consequence the value of the investee companies seems bizarre given how the investee companies are supposedly leaders in their respective fields. Yes question and answer session prior to AGM will try to schmoose shareholders into keeping the current status quo. Usual jam tomorrow regurgitated. I know many holders who will not buy shares whilst Al Sisto and chums use tern as a gravy train for their own ends.

They never ask the tricky questions at these Q and A sessions that shareholders put forward. As Camkite states use your VOTE FOR CHANGE or accept the shambolic sp for further years with no end in sight. IMO VOTE AL SISTO out NOW. I like many Tern shareholders wish to see my investments grow. Absolutely nothing wrong with the investee businesses but alot wrong with how Tern is run. TIME FOR CHANGE do not fall for their platitudes in the Q and A session. They are doing their best to destroy the TERN sp at ever opportunity. Take the time to ask yourself, why. Change is required in order for a change in SP. Vote to move sp northwards by voting for a change in personnel. Shareholders can no longer procrastinate, whilst crossing fingers that the current board may see the light.

Any CEO on Al's salary could do a better job than Al Sisto as you will find out from June onwards, fingers crossed. Shareholders need to use their voting power and hopefully apathy does not rule at the AGM, otherwise we will all have another 3 years of sub 10 pence. I could think of a few large shareholders who could be approached for position of CEO. Fingers crossed we will hopefully have a new CEO in June/July. Tern is becoming a laughing stock and dragging the investee businesses down in valuation due to Terns pathetic valuation and lack of vision beyond just being a Gravy Train for those on the Board. The SP does not lie, Al Sisto and chums looks totally out of there depth and they show no willingness to change. Camkite, I agree I was being way to generous!

Yes definitely putting my vote against the CEO being reinstated. Had the chance to do so well and has missed one opportunity after another. Has imo no interest in shareholders whatsoever. Karma will out in the end. Certainly they are all extremely overpaid for what they do. Al and Sarah have positioned Tern very poorly in sustaining the percentages held going forward at the business end and are even less capable in realising any exits. Report card as usual very poor, does not try hard enough and chance of being expelled due to total lack of application.

the sooner you call the AGM. then the shareholders can decide if you are worth your salary. The sp and lack of adhering to your own time plans indicates clearly not. Thanks for your valuable contribution in finding and growing the investee businesses for which you have been very well paid. Probably twice over. However the last two years have shown dire decision making, no direction, no clarity and certainly abysmal PR on numerous fronts. IMO his past dubious fund raising for Tern, together with his utter contempt and loathing for shareholders will sooner rather than later lead to his removal from the board. Vote to avoid another week longer than need be of the gravy train continuing with AL sisto and chums,

Yes Wyld going from strength to strength. We shall see the Tern shares rise when Al is ousted at the AGM with any luck if shareholders vote for change and we see an improvement in communications. Al has done his utmost to stop the sp rising at every given opportunity when it begins to rise.

Darwin sorry reads like you are aka Eclipses and it is aimed at bobby socks just to clarify to all. Sorry but late back from business trip and just read the odd non filtered post.

Darwin, Aka Eclipses and probably many others. I should think his only friends are imaginary ones. Potentially great material for a thesis on unidentified medical conditions imo.
If Tern goes boom (as most investors expect)or bust (as he and other non holders expect)he will still be posting for years after having never held a Tern share. A warped stalker of Tern Shares. He should man up and tell all investors his real beef with TERN as has to have one.

Chard 1980 do not worry about the Annual financial report. It will show nothing of any relevance or disclose anything other than Nav which is what I am hoping for. That should imo ensure that Al Sisto is voted out of his position which quite frankly will not come soon enough.

I would think a few on the BOD will be rubbing there hands soon as phase one of their objective is met. Certainly Tern shares remain an enigma as the disconnect between the exponential growth of 3 of the 5 investee companies and the sp becomes greater by each passing day.

Recurring revenue growing and multi bagging and yet Tern sp remains firmly static, almost immovable at present. I remain optimistic and realistically hopeful that with a new CEO the winds of change may blow the sp northwards. Good luck to all investors of TERN.

The only action that is a long time coming is that at last Al Sisto is not going to have the votes to be re elected and therefore we will have a new CEO and his contempt for shareholders and complete disregard for transparency has finally cost him. Only one person I know said that he would not vote against his re election and even they have changed their mind today due to ever falling sp and yet all our investee businesses growing exponentially.
Todays sp was the final straw and lack of rns re Als tweet. Al really appears no longer to cut the mustard and looking at the sp he has not imo for sometime . Two months to go before a new dawn. Al out = sp northbound trajectory. Not long to go. Al incapable of getting the sp higher and what seems an impossible course for the sp to take given all that we know Al somehow managers it.
Bye bye Al. At least you can enjoy your time off with your family and friends.

It makes no difference who replaces Al as IMO they can do no worse. Just look at the sp. NAV has not raised in 3 years. Covid dictated that more individuals worked from home increased the surface area for Cyber attacks and actually has been a help to keyscaler and no doubt it haas probably speeded up the implementation of Keyscaler into differing technical spheres and adopted by many blue chip tech companies.
I could imagine that Al and chums were probably planning a mgt buyout and hoping to keep Tern under the radar but it has back fired on them in no uncertain terms. To finish on a positive The AGM is another day closer.

With all the smoke and mirrors I should think that an application to trade on the otcqb is about as far away as ever if not even further. I should think Terns accounts fall well short of what the OTCQB expect since raising their standards so to protect US investors. Tern raised money at 18p and yet with a growing portfolio of businesses they have raised funds since at subsequently lower values. Really inconceivable if the CEO and FD and Chairman are doing their jobs thoroughly. I still await a reply from the FCA re the above from an age ago which reminds me I must chase it up.

In reference to the recent Tern blog if you want a good laugh I suggest you all read it. Bless Al Sisto reckons they all work very hard at Tern and it is full time work. Really amusing as nothing is ever announced so what they are busy with I have no idea. I did not think drinking tea and coffee and reading bulletin boards whilst scoffing biscuits counted. The desperation to keep his job is palpable from the article. Luckily others are hard at work to try and save Tern from more wasted years under Al Sisto and chums. Use your vote wisely at the upcoming AGM or suffer more years. It is all in black and white on what Al has previously stated and results and current sp show that not only can he not be trusted but that he does not have the shareholders interests at heart.

Not your usual tp 6p or 4p post. Are you feeling okay. Al knows the strength of feeling and that his time is coming to an end as CEO of Tern. Either take the honourable decision and resign or suffer the igmony of being voted out.

If you have any doubts just read Als recent blog that gets sent out to all interested investors. "What does the Tern management team do and how does it help the portfolio." It is a last ditch desperate plea to try and stay another term. Well each of the subsections could be ripped apart for the inaccuracies contained within the title "our structure and how we work" Perhaps this should have been "Our structure and how it fails to work".

My previous posts highlight just some of the failings and suggest they may wish to get a firm to do due diligence as recommending to pay 8p a share for Piri when worth less than 3p would seem that due diligence was somewhat lacking especially when the deal did not have the backing of a large Piri Shareholder.

I should imagine that the FCA will be keeping a close eye on any fund raise done before the AGM to get shares into mates hands. So jolly be prepared to be surprised and see an increasing Sp after the AGM. Tern BOD perhaps not the only ones working hard to secure shareholder value. Genuinely I feel for Al Sisto but the clock is ticking loudly and I will certainly shake his hand at the AGM and thank him for what he has done. Unfortunately recent decisions over the last couple of years shows Al has been either poorly advised, misled or lost touch with market reality.

The SP simply does not lie. Imo like many the market appears not to trust what Al and others on the Tern board say and that is damning for the sp.

That is bobby socks modus operandi. Imo old bobby is disingenuous and certainly displays an unhealthy interest in a company when he holds no shares in Tern. One has to try and imagine what his true agenda might be. Anyway every day closer to the AGM and hopefully if comments on all bulletin boards are correct Al Sisto and MS hopefully being voted out.
Then hopefully the FD will follow their footsteps a year behind.
To continually fail as they have in objectives that they set themselves is truly staggering. They should all purchase their 4 million share options a piece. That should be the very least to show faith in the business model. Maybe Sarah Payne may flourish under the guidance of a new CEO. We can but live in hope.
We should see the SP start to rise after the AGM and I certainly doubt it will do anything spectacular either way before that. Just muddling along due to incompetent communication and zero transparency as both the OTCQB and PIRI fiascos proved. Only managed to waste vital capital on two non starters.

Well once the AGM arrives and Al is voted out then investors will see the sp start to move upward. Saddened that Al Sisto will suffer the ignominy as no doubting he has invested and undoubtedly helped create formidable companies. The lack of transparency and failure to meet his own time scales, along with the OTCQB failure and subsequent silence has lead him to this position.
The failed PIRI takeover which if it had any merits, they certainly were not highlighted. The current sp shows that the price was a very poor deal for Tern according to current market valuation and such a waste of money when it was never going to be voted for by the major Piri holder shows a huge failing by Al Sisto and especially Sarah Payne imo.
Al Sisto will be somewhat gutted when he is no longer CEO and yet Payne will retain her position, a travesty if ever there was. All caused by his own actions sadly or he has been badly advised by BL with this eventual outcome in mind. Imo totally possible as too many unaccounted actions by TERN BOD that make no sense at all.
I have never seen such a gap between the market value of a company to what it could and should be. I have to say even if this went to circa 25p before the AGM I would still along with many others vote Al Sisto out, regretfully on my part.
Good luck to all investors. Only the biggest of giant rabbits out the hat will save Al Sisto and I do believe he has it in him to produce. Happy to be proved wrong.

only in so much that it followed the same lack of numbers and transparency as all the other yearly scripts. The good news is that it has guaranteed a change of leadership at the next AGM. I hope everyone ensures they vote once and for all to get change.

AL Sisto and Co have done nothing for shareholders which is a shame for reasons nobody currently understands. It is not rocket science on how to move the sp above 30p. I guess that will be in the hands of someone else soon. Appreciate that Al has spotted great opportunities but pointless if you cannot increase the sp and show shareholders some meaningful rewards. Wishing AL Sisto all the best as he watches soon from the side lines like our resident trolls. Sarah Payne and others hopefully will also be canned. The sp does not lie and there is certainly no wriggle room or shareholder good will left and no appetite to keep the current BOD.

But the Jv was always on with the neighbours so I wonder which action was the initial driver. May have been the Jv that drove the Maloi purchase. At least it means that news flow is going to come thicker and faster than it may otherwise have been as Australian acreage is governed by seasons. But Greece should be pretty all year news flow. Hoping that with a class asset that maybe another JV may not be out of the question.

It would be nice to see a double digit increase today on this rns as it shows excellent drill results and david Price says "outstanding" and I would not argue with that. Good luck to all. Molaoi has never really been priced in and maybe now investors are cottoning on and we shall start seeing a more realistic sp.

Would appreciate your view and if you had any numbers. if we kept 25% or opted for the 1.5% SMR. At what stage does one option outweigh the other. Water drinker thanks for your reply. As luck would have it.

This should speed up the news from both rockfires Australian copper and gold investments and the Zinc and paladium Molaoi investment in Greece. This also gives us the option to retain 25% ownership of our Australian investment or 1.5% NSR. Whilst I would have been happier to see a percentage around 2% -4%. The upside is that the !.5% is based on NSR and not NPI so we will get any payments relatively quicker. All good news and this could be the start of a very nice recovery to .75-1p if we can get some positive news from Molaoi sp may start to motor. Anybody that knows the history will realise that this is very cheap.

Blachopper you are correct in you assumption I feel. They can focus on Molaoi now and rachet up the progress being made there. This may give us a new base for the sp in the mid twenties. time will tell.