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Looks like I have touched a nerve judging by your out burst.. lol
Effing grow up
Seedrs or like require proper customer traction before they allow any company.
They have Revolut and Monzo on their portfolio
think they will allow a liar CP to get in and ruin their platform as well ?
So, I am ruining Tally and allow affecting Seedrs now
I am single handedly just by writing few posts affecting Seedrs decision
Christ almight
do you people even read what you're writing
One of the reasons the the Seedrs campaign failed. Was because of people like you BrownAdder that kept putting the boot in. That's why people on here are fed up with your constant negatives...
I understand these people have put huge amount of their own money
its their savings and they have family to look after
and possibly many more financial requirements
But why they expect me to lie to them is beyond me
It wasn't me who effed this company, took it off the market and continues to take salary while diluting their investments.... but hey ho, let's talk about the company and its product or CEO
if Railsbank is booming as suggested, it would be an early stage and will continue to borrow for further growth - and a good fair dilution will follow. It is not a public company yet so nobody knows the number of shares it has issued.
60K shares realistically would be very good if it was held by an individual.
But 60K shares are nothing for Tally.
To put that in perspective, consider Tally's yearly expenses.
If its based in Singapore
Does any body even know which Currency Railsbank will be dealing their shares in.
After all conversion etc ~£16/share will give you £1. Million for 60K shares.
£16/share that itself is way too steep
Even if £16/share is the right amount now - £1 Million is meaningless for Tally.
And no one will be running to acquire Tally's share for 12% of Railsbank
with 88% of Tally Turd
But everyone just likes to jump around on this board without considering all aspects.
Guess we will see if Parry really has Tallys interest at heart over his own. If he does he will keep them in the coffers to help the IPO. If not he will flog and spend on his salary.
For goodness sakes, hang onto these Tally! :D
https://thefintechtimes.com/singaporean-startups-prosper-as-railsbank-become-a-visa-bin-sponsor/
Groggy , come on now quantify that statement oh Guru of investing.
Tally Ltd CEO is targeting an IPO on the LSE’s main market in December this year
abm July 14, 2021
Cameron Parry, Chief Executive Officer and Founder Tally said the company “continued to build strong foundations” in its second-quarter by increasing its organisational size and capability while also commencing the build of its new internal ledger architecture and banking engine Teco.
“We have been progressing our plans to convert investments from being non-core fixed assets to current assets with an aim to see the Company fully funded by its investment assets by the end of 2021, as part of making Tally a robust IPO proposition”, CEO and founder Cameron Parry said in a statement.
“Our crowdfunding strategy was deferred last quarter as we look to align that with the Company’s planned IPO. As such Tally conducted a pre-IPO private placing at 2p per share in June raising circa £400,000 from investors and an external developer choosing to take shares as part payment for ongoing work…We achieved several milestones last quarter, including the release of our upgraded pricing model for B2C customers, updated branding and release of our new website design along with ‘how to’ videos. In addition, work has been ongoing in relation to the divestment of non-core assets to provide additional cash resources for growth and to launch the Company’s fixed rate savings product”, Parry continued.
Railsbank raises $70M to build out its fintech-as-a-service platform
Whilst it is restricted to professional and/or sophisticated investors, should any shareholders wish to discuss qualifying and participating in the current 2p found, please email corporate@tallymoney.com
“We are targeting an IPO that would see us make application for listing the Company’s shares on the London Stock Exchange Main Market in December 2021. We haven’t spoken of timelines to listing the Company’s shares over the last 18 months, but given we’re now at the end of our financial year and can proceed with our auditors to prepare audited accounts for Tally’s IPO prospectus, the advances being made with our “Teco” platform, and progress being made on converting investment assets to liquid assets, it is a reasonable to start outlining the path to IPO.
As previously stated, Tally’s IPO strategy is not just about seeing the Company’s shares available for trading, it is to add another regulated environment for Tally customer confidence, provide a platform for thought leadership about banking, money and fintech, and as part of our mission toward the democratisation of money”, the CEO added.
Ongoing Business Activities
· Plan to complete the build and go live with Tally’s “Teco” platform for new customers by the end of Q3 and run it in parallel with the existing ledger technology for existing B2C customers, with a view to migrating remaining customers across in Q4.
· New marketing assets being created, testing multiple micro influencers and initial partnership campaigns
To be honest, not a lot.
So how much are 57k shares worth, SP?
Probably already has as part of the latest funding round. We never hear about it till way after the event
We held just over 130k shares in Jan 2018 for a 12.5% stake in Railsbank
My rule of thumb estimate is our now 57k shares equates to approx 2.5% - 2.8% in Railsbank factoring in dilution from their subsequent raises and our share sales.
I hope Cameron is not planning to sell any more of them
1. It's better than bloody nothing.
2. Class of share may be a thing.
Yes that does sound like very little. Let's hope they are worth a lot each!
That is a very small holding, I have more in my portfolio than that.
The holding is circa 57k shares unless they've sold more since last count (Nov 2020).
I think the holding is now very little, all in my opinion of course
Thanks bigbench - that would be appreciated as I am not on Q&A session.
Current % holding and value
we can ask CP on the next Q&A
My concern was that the company keep selling batches of the Railsbank shares - another batch at the end of 2020. It would be good to know the actual percentage holding left.
Best to download and then slide the player to 12min 23secs.Going to be a big global concern Railsbank. We are in at seed.
https://twitter.com/railsbank/status/1417749704738316289
Enjoy