Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Further to this the company (Tally) issues its own RNS's via the shareholder section of the company website and regularly holds live company Q and A session online. (The company is the pits and have led shareholders a miserable time.....it remains to be seen if they IPO in Q2 2023) and I can get something back.
Note - The CEO of Tally also promised a shareholder Bargain Basement solution - we still await that!!
I was unlucky enough to be invested in Lionsgold (Tally).... When delisted the shares moved from my ISA into Standard Share account.
The company is still de-listed, however the shares are still showing in my Standard Account as TALLY after four years.
(Hopefully they will re-list this year).
That would be nice, I'd settle for 20p :D
Additionally I can arrange to move the shares to a different provider. No idea how that process works for de-listed company holdings. Will have to do some digging
Everyone is very quiet regarding the next news.. something normally leaks out but nothing on Twitter or telegram from what I've seen..
byjus could take the lot for 250m ,give us all 30p per share and done...but back in the real world..
Update:
Spoke with HSBC just now and they admitted the letter I received is incorrect and a new letter will be in the post shortly. Their understanding is that my ISA holdings will automatically be moved to my investment account (due to HMRC rules) at some point from 11th Jan onwards. After the 15th Feb they will endeavour to re-register and issue a share certificate.
If the new letter is any different when it lands I'll post again
Got this message in my HL account
It does indeed state that the holding will have to be moved out of your Stocks & Shares ISA and into your HL Fund & Share Account, this will be done automatically so you will not have to instruct this.
…when we will get more news? Supposed to be before 18th Jan! I’m going for 4th Feb! ???????
I too had the same letter from HSBC followed the sale bit up and they actually thought it was still trading and not suspended lol
Cheers LivenLearn think we all might need to work together on this one..
Spks: No, thats all the letter states
barnard: Yep, I'll give them a call in the morning and post on here anything that they suggest
Yep if you could call HSBC and ask..I'm gonna drop HL a message..any response I'll forward it here.
My HL account seems to have the option to Buy couldn't execute a buy though..but selling is not possible..maybe just how they do it with a delisted stock though.
That's all I've seen..Johnson is known to be a bit of a nob and stops and starts his accounts..a bit of a head in the clouds dreamer I think. Alan Duff said similar that there are things going on but we will be the last to know..I'm sure of that!
Interesting so have they indicated that it will be possible to sell them on the 11th January ? Have they indicated a likely price?
I have just received a letter from HSBC saying I need to transfer my 'shares' to another provider, otherwise they will attempt to sell them on 11th Jan. Surely neither can happen at the moment until we are advised by the company / RNS.
Any thoughts or anyone received similar from their providers?
Still feeling slightly numb whenever the thought of this experience jumps in to my thoughts, what could have been, why didn't I take profits on the way up......hindsight hey
I'm still slightly perplexed why the Twitterati who claimed to be / were heavily invested in our beloved DEV, have so far been almost silent in their views, thoughts and general grumblings. Are we to assume they were given the opportunity to release some of their cash while under suspension? Or merely embarrassed and avoiding abuse?
Other than CA's reply about behind the scenes, cornerstone investors.........I notice Everton Rob's account is still down.
Thanks Barnard.
I have been trying to do some digging but nothing new as yet If I do find anything of value I will post.
I think we just have to wait to hear. Hopefully !
I'd say closer to 10p with a MC of 70-80m..if we hit revs of £7-8m using the SAAS X 10 valuation..when we did the RTO we already had a business and I don't think the £54.75 includes Devs previous business with Lenovo ,Nisa ,LMC etc. I may be wrong though.
It is a nightmare and I know we all await news.
If anyone hears anything it would be much appreciated to share it on the board as we are all in the dark at the moment.
I do agree and I would imagine it's not in anyone's interest to see huge dilution from the top right down to us minnows. Fingers crossed and good luck all.
Whether the Alderbaron deal is pointless or not is irrelevant really, as the report debunks your comment about end of year revenues. Even without Aldebaron, the Revs should have been nearer £12mil, as approx £8.3mil was from them ($10mil this year). So still a country mile off. £51mil for end of 2024 minus about £12mil Revs from Aldebaron should mean Revs at end of 2023 of near £39mil. They will be a country’s mile off that too.…let’s wait snd see. We’ll know sometime in quarter 3 2024, so a very long time to wait. There has been massive talk on social media and investment by Dev in LMC this year and it has pulled in only £0.9mil. So very very poor.
Yes, I’m a shareholder, just over 300,000 shares and I am hoping for good news, but I don’t trust the old CEO, or the new one. Something very foul has gone on here, and I think my last message makes my thoughts clear!
I wish you well and hope we all have a good 2023…but I fear it’s a good 2023, 24 and 25 I shud be wishing us.
This research also talks about the Aldebaron deal which is pointless now….
What we do know is that the EdTech market is a massive opportunity for us still, so if funding is done and we are not all diluted to much who knows what might happen.
If you are a shareholder you should be hoping for some good news….
The thing I think is why are companies allowed to get away with this kind of thing, after giving what now appears to be false information and forecasts surely these people should be banned from continuing to run any company ....surely there has to be company rules and some protection for investors who have been shafted whilst the major shareholders in effect con everyone else what is the point of a stock market if people are free to do this?
JoeyP
Totally agree RE: my SP at 1-2p. It’s my best guess.
RE: Revs this year. I disagree, as p14 in the research paper published by Dev shows
end of 2022 Revs of £20mil
end of 2023 Revs of £51mil
End of 2024 Revs of £128mil
See below
https://acfequityresearch.com/wp-content/uploads/2021/11/Dev-Clever-DEV.L-Initiation-ACF-Equity-Research-Corrected-FINAL-02112021.pdf
Totally agree RE: fundraising and yes we will have to wait and see. What other choice do we have?
DEV was never an AIM stock…
The same deal you are talking about Ankur Aggarwal was granted 30 million DEV shares, so he may have an interest at not raising at 1p.
We paid “ Based on the Dev Clever mid-market closing price of 36.5p on Friday 9 April 2021 the equity consideration amounts to circa £54.75 million.”
Baggzzz have you heard at what price the fund raise will be? I haven’t so your assumptions at 1-2p mean nothing until we hear from the company what their plans are.
DEV was always valued on its potential. There projected numbers were £7 million this year, £20 million the following year and £48 million year after that. Still possible if the funds are raised, I still believe in the potential of the company.
I understand you are not happy and have every right to be after the year we have had. But short term all that matters is this fund raise and we can go from there.
Another lessoned learnt, investing in AIM.
Should have know something was fishy with a valuation of 250 mill, them operating out of a tin shed on a industrial estate in Tamworth. Its been one big scam no actual product or sales. I have a Site up that way and pass it most weeks as I visit. Let’s hope the lads don’t get rained off one day and I have to find them something to do. Chris karma will come your way one day.