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Tern in a doom loop: needs to clarify via RNS what happens when (not if) open offer flop

Tom Winnifrith
Friday 3 October 2025
This is now a doom loop. The more the share price falls the more likely it is that Tern’s (TERN) open offer, which is not underwritten, will flop which makes it more likely that the company will go bust before Christmas which makes folks panic so the shares go down etc, etc. Nomad Allenby, of Nightcap infamy, needs to be issuing an RNS as the shares are now just 0.4p to sell.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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