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Tern – More nonsense: Is Nomad WH Ireland Asleep at the wheel?

By Nigel Somerville, The Deputy Sheriff of AIM | Monday 9 February 2015


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.


Yesterday I highlighted HERE a glaring (being charitable) error in the Clarification RNS issued by Tern plc (TERN) in that chairman Angus Forrest was ‘reconfirming’ that £30,000 of convertible debt remained to be converted at 2.016p per share when, in fact, these loan notes had actually expired and should have been repaid by the company on 1 Jan 2015. But there is more.


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