TomWinnifrith
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plate spinning

144 days ago

Tern loan extension kicks the can down the road, it is still doomed & its REAL asset position

Tern (TERN) today announced that the repayment date of the loan facility agreement originally announced on 12 June 2023 has been extended from next week to 11 September 2026. But that does not mean that it is not still toast as it will run out of cash well before September. This is merely plate spinning, smoke and mirrors.

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