Member Info for Theanalyzer

Strangemartian it’s current trading an over 100 times revenue of £1,098,000 a third of which came from a SYME contract.

Interims are due 3 months after period end I.e by end of September so not long to wait for news.

If shareholders vote down AGM then Tern will be forced to keep selling down Wyld shares to fund ongoing costs and its stake in Wyld will be diluted by not taking up its rights.m

Tern will also lose 75% of its £0.9 million stake in InVMA in Q2023.

It will also continue to get diluted in other holdings as well.

The valuations of its portfolio companies aren’t booming so I don’t see an easy exit sale other than Wyld.

At AGM permission was given to 180 billion shares now that would 18 million shares.

At least some millions of those should be issued soon per CVA.

Behaves h

Nope investor has ducked out and given a $3 million facility.

Sharer stated that there was no conditionality on subscription so why hasn’t he enforced the investor to cough up.

Looks highly dubious to me.

I note Tintra haven’t said if CLN lender was repaid the $2.5 million due on 4 August.

Binksy86

One Iconic issues shares to finalise CVA which will happen very shortly as permission was granted at AGM Iconic it will be in a position to do a deal.

Peak

Why have you brought RegTech at over 60 times last year’s revenue?

Flava

As you note the warrants are provided free and grant an option to lenders to get loan repaid in shares.

As a lender being given a free option if Wyld’s share price takes off is potentially valuable and if it doesn’t then you still have been paid 5% upfront plus 1% a month interest. That is over 17% per annum ignoring compounding effect plus a free option.

Pretty attractive terms which other Wyld shareholders including Tern aren’t being offered.

End result is more dilution of Tern’s stake in Wyld even if Tern somehow scraps together the cash to take up its rights.

Tern is facing a massive liquidity crises as are many of its investee companies and it won’t end well for Tern shareholders.

Deacs1970

It’s only trading at 60 times revenue - what a bargain!

Occam

The $2 million subscription promised in March 2023 hasn’t arrived yet either, supposed to come now by 31 August at latest.

Time will tell.

Sharebel

Small free float stock you say.

389 million shares in issue and just 5% not in public hands per Tern AIM16 disclosure.

The Board in total own just over 22 million shares

Hmm

Banksy1984

Interim accounts showed cash of £92k and net liabilities.

This isn’t going to fly once consolidation and new shares hit the market

Deacs

Yes in theory

Deacs1970

Iconic has 46 billion shares in issue at present and the Prospectus authorised up to a further 184.9 billion so potentially over 222 billion shares.

Which after consolidation will be around 22 million shares if all are issued.

We should better idea of scale of dilution after AGM on Friday if resolution 10 is approved by early next week.

Maidit

At the AGM tomorrow to approve the consolidation there is also going to be admission of a huge number of shares as per resolution number 10.

This will permit final exit from CVA but will mean that a lot of exiting debt will become convertible debt in the hands of Linton Capital, OTT, and EHGOF.

I wonder how well the share price will hold up under the coming dilution.

Sharebel

As Wyld is quoted and the value of Tern’s 27% stake can be determined every day why do you think investors can’t factor in Space X and new orders at Wyld?

Wyld is down 6.3% at time of writing perhaps Wyld shareholders haven’t factored in that news either.

Ex

DW may not be getting the shares but the parental guarantee between TAG and 1AF2 in favour of ECP will be a lot stronger when the cash arrives.

Sheep hatch

Tern is a financially tricky position. It needs to raise cash to fund admin costs albeit now reduced by 40% but it can’t issue any more shares as permission was refused at AGM. Its only liquid asset is Wyld shares which it may have to continue selling.

Wyld needs to raise cash and with Tern looking to sell that won’t help in any capital raise.

If you like Wyld’s technology then buy Wyld shares because Tern’s holding in Wyld could be significantly reduced by above factors.

maidit308

iconic doesn’t have a strong business model. it’s own ***starnews which it purchased for £30,000 quid from the administrators.

iconic said in its recent prospectus that it will burn a £100,000 a month for next 12 months.

the consolidation will permit iconic to issue bucket loads more shares to gullible punters though…

Using approx fx rates

Sales revenue £33,000.

Loss £1 m.

Six months cash left before next capital raise unless things change dramatically.