By Nigel Somerville, the Deputy Sheriff of AIM | Saturday 26 October 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It has been a completely extraordinary few weeks for AIM-listed jam-tomorrow IoT investment company Tern plc (TERN). The stock bottomed out at 7.25p at the start of this month, after the Interims had been released showing (once you look through the numbers) the company in the middle of yet another cash-crisis. But they closed last week at 14.25p – yet there has been no news, apart from yet another tranche of cash being handed to principal investee Device Authority. There may be no news, but there sure as hell needs to be a statement.
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