Member Info for troutisout

on my purchases this morning, could get 400k instead of 300k now.......

However having read lots of tweets, posts, Companies House records and other things, am left a bit bemused.... Can they really think they can get away with this? However then I think about what has happened, it looks like two entities linked to two large holders here have bought into a company (although it looks like they made a hash of that judging by the amount of filings). It seems they have secured 86% of this company which has now been bought by MRS. On the face of it completely dodgy.
So what do they get from it? Well this is the thing they have taken shares at 5p, with the drop they are already nearly £400k down on the deal. If that continued they would make even less..... So had they sold their holdings down previously and are using these shares to balance that? Maybe....Are they selling their holdings down now in anticipation of receiving the new shares? Could be, but they are taking less and less as the price drops and although the 5p price was fairly decent the 'supposed' valuation means they can afford to sell at what appears to be a loss but is still actually very good profit.
If they had forward sold them then that has been done, the selling on the news is a bit knee jerk, I just don't see that many holders selling the shares today, most telling us about the doom, didn't have shares to sell.
I am sure it will become clearer.....
Final thought was this a last ditch attempt to get shares back before re-financing news? If we see that news in the next few days will that take the attention away from their deeds? We have had a large drop in % terms from an already lowly price and with the dilution at 5p and a much lower % than the drop, I think this might see a turnaround sometime tomorrow.....

A few months back they were saying it was Hogan selling his shares here at MRS, now they are worried about his influence, can't have it both ways.......

Looks like some are worried about something.....LOL!

In the meantime I've just picked up another 300k before the end of tax year.....

warran****cher,

You seem to be choking on acid reflux , your bile is evident, but as a shareholder, I have taken their messages as they were hoping to complete the debt restructuring by the end of March and that there would be an Investor's meeting in late March or early April.
I would take that to mean they want to do the Investor's meeting after the debt restructuring is completed (a bit pointless otherwise), hence the early April bit in the RNS. So I cannot see how you can say it is "totally within their control" ? The debt restructuring is with other parties and therefore it is not totally within their control.
If it takes a few days or even weeks longer I do not mind, as long as it happens!
In the meantime you cannot buy any shares in any sizeable amounts online as the MMs have shut up shop on the offer......

Dreamer1,

StillWaiting threw me off his thread 3 times because I wouldn't accept all the blatant ramping without putting a counter to it. It certainly wasn't trolling and most of it was correct now looking back. Do you post on his thread and under what username?

I didn't claim anything of the sort, you seem to be a little confused, which is no surprise.
I have held TERN for over a long period of time (my first buys were in 2015), I added lots at sub 3.5p though (some at 2p levels).

As for holding on until the top, I had a plan and executed it, I did sell some on the way up and the 50k sell an hour before the plummet left me with 800k free shares that were bought at 3p - 3.5p. I always retained my misgivings about what the rampers were projecting and when the Company backed those up with their speeding tickets and RNSs it was clear the pump and dump was in full flow.

Surely even you can see that now, just most were so blinkered, greedy and conned by other posters in the ramp gang that they just carried on buying and getting more and more stuck in to holding long term. I have been investing in AIM shares for about 20 years now and have learnt a lot of lessons in that time and many of them very costly. I do research my share holdings a lot and that has been the most successful part of my investing strategy. I also like to pose a counter argument to see whether the other holders really know what they are doing (it helps when you get into situations like last year's spike)....

Duxy and Stead aren't my buddies, they do speak some sense sometimes though, which is ignored. However people laud MR, SW, KK, Johnma, eBomber and others, what was it Johnma said the other day as the SP rose and that Duxy was wrong predicting single figures and it would never see single figures again, the trade at 9.7p this afternoon showed how much he knew. The rest are trading it as much as they can, mug punters still come to the party and end up the sacrificial lambs.

So I have answered your questions

Looking at the amounts DA has taken investment of $3,422,580 from it's shareholders by way of CLNs since 30th November 2017.
So in 16 months the rate of spend per month is $213k , they got $531,930 on 14th January this year and TERN paid it's second instalment of that money in February.
Might be earlier than end of April for the next CLNs.....

16th January 2018 DA took $1,688,684 not as posted below.

Sweepie,
10p would be the new 2p point if, the amount of shares had remained the same and the progress was 5 fold, neither has happened.
I think what SW is saying is under 10p and this drops, so you must all do your best to keep it above that level. Only need a couple more 'investors' like lukehere to sell their 2.5m and invest elsewhere in the short term and the price will sink further....

Last year DA took $1,68,684 from it's shareholders in way of CLNs, this lasted until June where they needed another $425k, then September when they needed $525k, Then early this year they were back for $531,930.....
Question is how long will that last? I can't see that getting them through to much longer than end of April (if that). Also
are inVMA and FVR really bringing in enough revenues to fund growth? Bear in mind they are both at an early stage of commercialisation and FVR will be spending hard on further R&D. What about Flexiops will Wyld and Flexi need some more investment? (No longer getting the EU project money coming in).......
As the can gets kicked down the road the finances do come into play again......Will they try and ramp it up and get a placing away (worked last year) or will placees work the other way and try and forward sell it down before agreeing a placing price?
Will they get a strategic investor? If so what will they pay? Not much more than the present DA shareholders have been paying for CLNs surely?

Re. your HSM point, you do understand what an HSM is? You do know how and where they are used? That they can and are used without the need for Keyscaler.....This effort to attach keyscaler to everything is what is giving people unreal expectations and therefore the disappointment when the results don't show these. Purely Investors on a feeding frenzy to try and get something to continually back up their own unreal expectations of their investment....

Only the posters that start up threads with my username as the subject.

So your posting history has been a lie, you have misled people saying you were holding when you sold out? So in answer to your earlier post of yesterday, it sounds like you fall into the pump and dump category.

However I don't believe you and think you are just being Walter Mitty again.....

lukehere,
You post different amounts each time, you really need to make your mind up, I have a feeling you have a need to exaggerate and reckon you may have picked up 2 or 3 100k lots in the past couple of days....As for your holding of 2.5m @2.5p I don't believe that and later you claimed it was 3.3m. In fact your posting history is a litany of errors....

So for confirmation what is your holding now? Only I am lost on whether you have sold any or not?

lukehere,

I fell into the category of the retail punter, however I stayed resilient and afloat and played the market for what it is.

You seem to fall into the category of Walter Mitty, not sure how to square your post below with your previous posts,

"TERNIn the first instance,26 Aug '18
What is your view on what lay behind the volatility,Olderandwiser?

I bought over 2.5 million at an average of 2.3pence and subsequently,quite rapidly,saw a paper profit of over £1million,which is now much diminished.
Most rational people would have taken serious profits which,added to a series of professional shorting attacks,allied to TERN being obliged to issue a number of bearish RNSs seemingly led to the current significant weakness in sentiment and in the share price.

Sentiment is now swinging back to the positive whilst the IP of TERN's investee companies continues to impact hugely, via partnerships etc, in the burgeoning IoT arena.

I therefore look forward to seeing the TERN share price back above 26p imminently and to its attaining new highs on a 6 month view."

"TERNRe in the first instance26 Aug '18
I am an TERN investor,looking forward to new highs allied to a positive news flow.
More than happy with my current level of profit even though it is not at the heady levels of a few weeks ago.
Each to his own.
Most miss the life changing gains through leaving too early."

"TERNDestination of TERN share price27 Aug '18
Hindsight cowboys always get it correct !

When TERN performed in spectacular fashion plenty left the party at 5pence,10 pence,15 pence and upwards.
Only a deluded braggart claims to buy at the bottom and then miraculously exit at the peak.
So,I am more than £700K down on what I might have achieved;yet if the SP hits £1,or significantly higher,then will I be worrying?"

"sweepie2 21 Mar '19 - 12:19 - 142644 of 142644
0 0 0
1500% in a day and there will still be the odd poster who will be moaning and groaning, expecting more news at any point so a rebound could be seen any day, be happy just to see 20p again at the moment"

***********************************************************************************

9 out of 10 times that poster is you!!!!!!!!!!!

You do make me laugh, been let back on to SW's thread, so having to make the right noises to appease and placate the censorship mob.

A bit of history for you sweepie, the price rose approx. 3,000% from the low at the end of 2017 to June 2018 and yet the majority of posters on SW's thread held as the SP dropped back to 10p? I know some didn't and traded it as they always have, but how did the others all get it so wrong? With many of them buying more as the price dropped from the 40p's, to the 30p's and 20p's and now below the teens.
If they stepped back surely the can recognise they have been used by the ramping gang, TERN's management and the placees and MMs who have all made money from those unsuspecting PIs. It's a wonder people still do it, but AIM is a washing machine, it rinses out all the cash from retail punters and into the pockets of the Management, Advisors, Financiers and Brokers and of course the pump and dump crews that abound on these BBs.....

Are they really? So what did PW say when he 'quickly jumped in'?
I think you may be missing the point a little as the Redmoor project will need other finance along the way, a lot more than SML can afford, but that the Company would have 100% of the equity at that point and can control who and when they partner/JV the project with.
They said they have funds to pay for the purchase from NAE, but would look at alternatives, this from the RNS,

"Whilst the Company has sufficient cash resources to fund the acquisition of NAE's interest in Redmoor, it is exploring non-dilutive funding alternatives with a select group of potential investors, at both a holding company and project level."

So if those people are selling to buy back into a fund raise, they may be disappointed.

My guess is we have buyers from the CF liquidation, themselves now selling to take profits and some end of tax year selling. What I can say is in just over 2 weeks I do see a lot of New Tax Year spending....

Yesterday there were reduced offers on each buy, until the buying in the afternoon.
Today we have seen the offer go up with each buy and the bid also go up on each sell.

All looking promising.....

Looks like another £20k Bed and ISA just gone through....

The devils in the detail, my last post it had not cleared at 1pm.

However mine is also the devilish trade just gone through another £11k into SML

Sorry dv, I put £5.5k in my SIPP last week and got back from work to see if it had finally cleared (it was cleared when the buys were going through just before 1pm), it had cleared so I took 337k....

Looks like great minds think alike.......Just over 5 mins apart.....

L2analyst,
They are a clue and that is the current management didn't have a clue and that DA wasn't moving at a fast pace. This is plan B getting others in to advise.
I know holders are looking for anything to grasp to, but DA have had other advisers and Directors and it didn't work, so perhaps wait a little until lauding them.

sweepie,

Another heavy hitter, as a long termer you must remember how many heavy hitters have DA had so far?

I take these appointments as a sign that AS and DA haven't managed to get Device Authority to where they thought they could (little revenues and failed fundraising to get in a strategic partner) and another little snippet from the results shows this,

"In addition, the DA Board is considering additional advisors to review DA's strategic opportunities."

So they are hiring people to advise them on strategic opportunities, it begs the question why shareholders are paying for AS then?
I don't believe that it means an IPO (they are very expensive in the states) as DA is still in it's infancy.
I also don't immediately think that means nCipher will be a strategic investor, anyway I though AS didn't want any of DA's customers to be a strategic investor?
nCipher has gone through many guises since it was set up.
Some more heavy hitters but they better have something to offer soon or you will all be having a fundraise to fund them.