Member Info for rhodi

Sorry you don't follow your own pearls of wisdom "read it and understand it" Another on filter.

Antelope I have at least 8 on filter. They are more desperate than ever. You have only just put 3 on filter. Your tolerance of fools is obviously higher than mine.

Seriously I remember when boards had classy trolls but seems any uneducated mug can be one these days. They own no shares in Tern but shout about it often in derisory manner. It would be laughable except you realize that mental health is a bigger issue in this country than it should be and these individuals imo are being badly let down by the system.

Lots of parties on Pires side bought into discussions to ensure enough support as stated in today's rns. All will have been shown a potential blueprint for cost savings and synergies in investee business's that would reward the group becoming a single entity and greater force.

Re your post at 12.27. Suggest you re read the rns that both companies released. Provision built in so not necessarily the case that you are suggesting. Far from it in fact and as antelope suggests they may have inklings of pending deals etc etc but unless a major shareholder it would come without their knowledge dependent on certain caveat's that no investors would be privi to imo.

That is what I have experienced in my 35 year career with several bluechip companies.

Tells me you gave little thought to the post that I directed you to and that your purpose is disingenuous as usual. Do you believe a club would ask Southampton the same price for a player as they would deep pockets liverpool or man city. If you still do not get it then OMG.

Have you so little business merger takeover experience as to post such piffle. I refer you back to my previous posts today. Try and look at the football club analogy in more depth.

Are you just being your normal negative self ? Surely you are not completely devoid of any common sense.

and Tern at 13p. This 8 to 11% disparity in the sp's needs to close and will self correct the closer it comes to the deal being concluded. I believe that our North American connections that go back a decade and more with Al will prove extremely beneficial to some of Pires investees . Here's to a prosperous union.

I have sold a few tern and bought pires shares and should make 8% extra on share holding. I believe that both sides have a great deal to offer as a combined force. Just to let you know that Jolly spectator if you look at his tern history is always extremely negative. One of many unfortunately on our board who does not hold shares but has plenty of poorly researched posts. Genuine investors in Pires or Tern know that the sp will multi bag when any decent exit is announced and before that nav remains the handcuffs on sp.
Looking forward to both shareholders doing extremely well in the future and the fact that Tern is buying Pires tells me you have some class talent in your investments as Al Sisto is no mug when it comes to spotting a rough diamond.

Nicely worded post and very very apt. Usual knee jerk re action by many. Once they delve further they will realize this is another of Al's sound deals.

Never been so excited as everything culminates to a Multibagger, Those that are paid trolls (don't deny it). Nobody posts continually for years with changing avatars and holding no shares unless they have a devious objective.

I believe this serves 3 purposes, one which is alluded to in my last post and look at what we are paying for and what we are getting, and the synergies with our business. The enlargement of Tern tells me that Pires Mgt are aware of what we all know and expect and this will re-rate when this deal is finalized and imo and on all the research that we know of will re-rate again. Pires whilst at acurrent premium is a lot cheaper than it has been and Al for all his faults CANNOT BE QUESTIONED on his ability to acquire a business where there is opportunities to grow. This is no different. This is the last piece in puzzle before we exit stage left.

Reading between the lines it looks like a good proposition and I get it. Antelope, think outside the box why this might be lets just say interesting and may serve a purpose.;-).
This will get us a higher re rate but serves two functions. One is explained in this link.

https://www.londonstockexchange.com/news-article/PIRI/update-re-sure-ventures-plc/15457013

I do not doubt Als nor Matthew Scherbers instincts on this one. Intel ligent move from my viewpoint.

Only other Analogy is when a footballer is sold to liverpool or southampton. Sorry for Of Topic Conversation !!

Yes thanks for identifying green box. Like you say as sure as eggs are eggs .....................

If only I had more funds to take advantage of temporary tiny dip in sp. Will not be there by end of play today.

£6.5 million invested by other shrewd investors who will carry out their own due diligence and will have had access to recent accounts and the order book as it currently stands going forward other than Tern. In the whole scheme of thing a 77% uplift is commendable as I expect FVR reached it's inflection point probably mid 2021 and so a year on. Impressive for investors who have noted the rapid and continuing uplift in staffing numbers and actually realize the significance.

Cannot assimilate simple rns no doubt. Probably do not even read it in full. Gotta hand it to them. gives some ceredence to Charles Darwin's Theory when you find they are posting on the Tern BB, how does that happen.

Following the FundamentalVR Series B funding of £7 million, the conversion of Tern's £0.53 million of loan notes and the conversion of £0.63 million of loan notes held by other investors, FundamentalVR is now valued in total at approximately £23 million on a pre-money basis and Tern now has a holding of 20.0% in FundamentalVR (before any dilution on exercise of any future FundamentalVR employee share options), with an unaudited book valuation of £6.3 million, representing a 77% uplift on the 31 December 2021 book value of Tern's holding.



Further information on FundamentalVR



FundamentalVR delivers virtual reality haptic 'flight simulators' for surgery creating a safe, measurable and repeatable space to refine skills. FundamentalVR's goal is to transform the way surgeons prepare, practice, and refine their skills. It has built an immersive, surgical simulation application platform, Fundamental Surgery, to provide medical professionals with the opportunity to rehearse, practice, and test themselves within a safe, controllable space that is as close to real-life as possible.



According to the latest filed financial statements for FundamentalVR, for the 12 month period ended 31 December 2020, the business recorded an increase in retained unaudited losses of £2.12 million and at that date had unaudited net assets of approximately £1.27 million. Given the historic nature of these figures Tern does not consider this to be representative of the current business and trading performance of FundamentalVR.

PLEASE NOTE. Tern have learnt from poorly worded rns's in the past. Hence if any investor does not understand the significance or relevance of the last sentence in the rns then heaven help you. I am not going to explain either.

So in short we have extremely positive Rns and IPO or Exit of FVR could come as early as later end of this year or during end of 2023 which if as delayed as that then I would expect a unicorn valuation which would be worth 200 million to TERN slight uplift from 7 million that it is currently worth.

Investors in the main understand what they have here. I still say this will be the share of the year 2022. Plus my money is backing up the massive credibility that I believe Tern and the investee companies currently share.

Important before the knockers start. I should think that the revenues from 2020 to some nearly 18 months later are polls apart. Delighted that we retain a very sizeable 20% and an increase in valuation even with a smaller piece of the pie. The next phase will be ipo or buyout latter end of the year or 2023. Remember the longer it is the higher the valuation.

So Device Authority news next. Potential ipo or partnership or buyout. I have to say Tern is certainly open to a hostile bid if you look at were the investee companies are at. A buyer could gain large percentages for bargain price. Surprised a rival tech venture capital firm has not tried to gain 30% shareholding in Tern and put a low ball offer of say 40p a share on the table. Perhaps that is what the 51 society are aiming to achieve.
Al Sisto really needs to release as much news as possible or risks loosing Tern on the cheap or even a reverse takeover by one of the investee companies.
Investors may not see the £1 ++++ mark and see 40p + if not careful and that includes Al. Not surprised if recent buying is not leading to the above scenario. Anyway 200% increase from the current sp is great. But lets be honest it would be a travesty and I am sure it would bring some corporate action from the shareholders if this scenario was played out.

I think that 6 bagger from here at this very moment in time would be the bare minimum that investors and Tern directors etc would surely be looking for. That is probably a conservative estimation. Good luck all. Everything in play and a trade buy likely in my opinion of DA.

Happy to have bagged a good few more today at under 16.2p. Expect it to double easy from here with a short time frame. Bob socks so pedantic on a share you do not even own. Surely you can waste your time more productively. Whatever next will warrant your discord and toy throwing.

My computers security has immediately blocked me from accessing the link from your last post. Flagged as being a well known phishing site so be careful, Interested if anyone else had similar experience. The link below is kosher but just states about us being nominated for 3 awards. But if we have one one out of three then first class.
https://www.fundamentalvr.com/xr-awards-2022/

Some good buying over the last few days. Is an RNS arriving to be timed for the American Market? Lots of news and re rate rns could involve any one of three of Tern's investee companies or combination...dual news? Good Luck all.

this ain't illbetabuck as WSG has never ever been believable, not ever and it seems obvious to me such a character would have no friends which blows a hole in his story immediately. As my old man would have said WSG is just a complete pillock.

Onward and upward and more blue days after todays rns and the presentation on Monday, The future is as bright for Rock as it has ever been as far as I am concerned.

The more you post the more you trip yourself up caring guy with any friend, certainly not. Agenda driven trader or nutcase, disingenuous and deceitful imo most definitely yes.

Just to add you have been following Rock for over a year so you busted your own story line. You are one sad individual.