TomWinnifrith
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flopped

51 days ago

Tern Open Offer flops- without a firesale it will run out of cash in less than three months

As I predicted, the Tern (TERN) open offer at 0.5p has flopped. I am amazed that anyone took it up given that the shares have traded below the offer price for most of the past two weeks but there are some born every day. Seeking to raise £642,246 I, in fact, raised just £151,136. Oh dear. Oh dear.

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