Tern – More Meaningless Gibberish at the AGM

Today’s AGM from Tern (TERN) has thrown up a statement which is – as you would expect – meaningless gibberish. I refer mainly to cash – always an issue with companies run by crony capitalist Angus Forrest, a man who was told by the Old Bill that he was silly for trying to have me arrested a few weeks ago (see HERE).

There is the usual bullish guff about the investee companies but it is clear that they are both burning cash. Another historic trait of Forrest ventures.

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