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Tern – Don’t Get Fooled By Yesterday’s Spooooooooof!

By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 25 August 2022

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, AIM-listed jam-tomorrow and running out of cash fast investment company Tern plc (TERN) announced that CEO Al Sisto had piled in to buy a whopping 200,000 shares via a subscription at 9.9p on Tuesday. The shares moved up by 6% in response – adding £2 million to the market capitalisation. But this is all a massive spoof.

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