By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 7 May 2020
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.
As you all know, I think AIM-listed jam-tomorrow investment company Tern plc (TERN) still needs to raise cash to see it through to the end of this year, and I think its balance sheet valuations are pie-in-the-sky. Having offered up disastrous FY19 results on Tuesday which saw the shares crater by 25%, this morning we have news of a fundraise by one of its investees. Or is it….?
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