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Today's TERNer prize for Geeks - why we don't buy into this story

By Tom Winnifrith | Thursday 10 September 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.

Another day and another entrant emerges in the ShareProphets TERNer prize for our readers for asking Geekish questions about the real value of the tech of AIM Casino listed Tern PLC (TERN). Today's entrant is Geek number one with a second try. Over to CryptoBod: 

Texas Instruments

Plug those into Google along with IOT and/or TLS. You will find that they and presumably all the major Semiconductor Providers are providing Embedded Processors and the required Software Stacks/Tools to support their play for a share of the IOT market. They have to supply the tools to get their product in place and, as is the case with ARM, those tools will by and large be Open Source, based on Industry Standards and, by definition, concur interoperability on the end result.

Specifically they will not care which bit of ‘Cloud’ you use to manage the resulting data and control and as a result any bit of ‘Cloud’ providing similar functionality will work with the overall implementation.. If it does not then your ‘Cloud’ is broken. In particular these companies will be selling ‘silicon’ differentiated by its performance and functionality. That’s where their ‘war’ is and Tern/Cryptosoft is unlikely to play any meaningful part let alone be an influencer.

In fact it is quite amusing, if not disturbing, to read some of the literature available from their site,

and recognise that what it represents is a collection of the same ‘buzzwords’ used by those at ‘The Front Face’ with the difference being that the aforementioned companies are doing it. It would seem that Cryptosoft are ‘hangers on’…


someuwin 9 Sep’15 – 08:52 – 14841 of 14842 0 0

“File System Agent

The Cryptosoft File System Agent includes components that provide connectivity to the most common file transfer services, which includes the local file system, SMB, FTP/S, SFTP, SMTP,and SharePoint. The agent provides a file-system gateway that can automatically trigger a new encryption job when a file arrives in a pre-defined folder or directory. Alternatively, the agent can be configured to poll remote file servers on a scheduled basis.

Additional file collectors can be added very quickly and we additionally provide adaptors to most cloud storage platforms including Azure, Google, Amazon and Dropbox.”

This may sound impressive to the technologically illiterate, but it really is mickey mouse stuff.

A couple of day’s coding at most.

Bobs Good Eye 9 Sep’15 – 08:55 – 14842 of 14842 0 0

someuwin – hands down the stupidest comment I’ve ever seen on these bbs, and that really is saying something. Hang your head in shame and go and stand in the corner you stupid boy.

Guess who qualifies as the BBM?

Bobs Good Eye amongst others seem to have the Idea that Cryptosoft is, in some way, ‘The Centre of The Universe’ in respect of IOT/M2M and will, being technologically illiterate, shout down any contrarian view..

a person who opposes or rejects popular opinion, especially in stock exchange dealing.
opposing or rejecting popular opinion or current practice.”

Cryptosoft may know the words but, as best as I can see things, the most they will be able to offer is advice to others as to how to go about the implementation of overall systems base upon generally available knowledge and information whilst offering a bit of ‘Cloud’. I am perhaps being generous/un-generous here.

If you are ‘technologically challenged’ then you get a plumber in to fix your toilet. If you are seriously challenged then you get in a ‘middle man’ to advise you what a toilet is, select his plumber, and add his consultancy fees to the plumbers bill and bill you for recurring support.

Otherwise you cut out the blitherman, go to one of the aforementioned companies and ask them for advice. “Hi.. We want MOQ of 10 million IOT things first half of 2016.”

Of course Tern/Cryptosoft are holding some sort of ‘conference’ later on today so perhaps they might have something of interest to say…. somehow I doubt it or least not anything that will support the hype being touted on the forums.


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