Tern – Device Authority fund raise: a maths lesson for morons
By Tom Winnifrith, the Sheriff of AIM | Friday 28 October 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.
Sub scale investment company Tern (TERN) has announced that it has invested a fresh $303,000 in loan notes issued by Device Authority, its largest single investment where it has a stake of 53.8%, Two matters of grave concern should leap out at you.
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