Unbelievable24 May 2021 20:22
I hope those that lost money in the recent rise report both the nomad and the company as they should have issued an rns stating they knew no reason for the rise imo.
..... unless of course they are unable to issue a statement to that effect. Why oh why could that possibly be? Oh yes because we are just about to sell DA for hundreds and hundreds of millions so guess we cannot, or was that a billion or ten billion.
Take your pick.
Tern vulnerable to a circa Β£1.00 low ball take over though if Al Sisto is not careful. He has had the unwavering backing of the
shareholders and from what I hear that is coming under an increasing strain as indicated from posts on advfn. They put in a hugely important protest vote as he wanted to be able to increase the shares in circulation by 100 000 that is nearly 30% of the shares in circulation at present. Frankly outrageous but my reading from the advfn board is that this may be the last time they give him the backing.
If he had of put in a request for 50 000shares initially he could have raised that without blinking an eye at the 30p it stood at and then such a placement would have moved the sp up to 40-50p .
If DA is as good as we all believe along with the other investee companies which I do myself believe to be the case. So it then begs the question why Tern did not do that and secondly was there an ulterior motive to trying to issue nearly a third again of the share in circulation and could that indeed fit the theory of Ridicule and his MBO (management buyout) opinion. One thing is for certain, you can all draw your own conclusions and most imo are not very palatable and leave a very bad taste.