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Well said Chav, a blatant conman, can't understand why people are so taken in. I of course could be wrong but I don't think so.
Nothing we can do about it now. This either comes good under a good management team or it fails.
My only comfort is I sold all my Sirius Minerals shares to by LION, thought that was a mistake after the delisting. But looking at SXX now I’m glad I made the move.
@badboy
Are we gonna re-list in 2020? Simple question which requires a yes or no response please.
Hi @aman_badboy Happy New Year. “Yes” is far more likely than “No”!
Easy Badboi, you asked a simple question requested a simple answer and got a convoluting question mark of nothing....hmmmmm
Is that an honest answer from Parry, Parry does not like to commit to anything. Really hope you are wrong Chavvie, got a fair few bags in here....
what was the outcome?
is may 11 2020 still on or did he kick the can once again?
"Post summer" was his answer to me just after it closed
A few asked how BigMJ was as he had been absent for a while.......no response to those questions
Bigbench, Cp did answer saying he is still there and a valued member of the team (or words to that effect)
Not surprised he doesn’t post on here anymore with all the silly comments that get posted.
Outside of one posters comments none have been silly nonsense. All comments have been validated by the further can kick.
As for MJ he is probably just as bored of all the delays as we are. It's not just here he doesn't post but rarely twitters about it either.
Company should just offer a share buyback program for those wanting out. Would be interesting to see how many people take them up. I mean they will be diluting holders in all the fundraisers so why not just reissue some shares then already have that they can buy back from holders?
Sorry Antigua I must of missed the reply.
Every time I look at this board more often than not there are personal attacks going on, from each side of the argument.
Getting personal is childish and boring. We are all in the same situation and fed up.
Cp and co had some tough questions last night and are in no doubt how we feel, but ask yourself why would they put themselves through it if they were not planning to re-list.
I agree with the sentiment about the deadlines being a joke and only fan the flames. They need to get the new app rolled out and start building a customer base then shareholders might start to see a future.
I'm still clinging to the hope that MJ posted months back saying the relist price may be higher than the delist price.... That would be a result but not holding my breath on that one.
Quite a few questions did go unanswered last night..... New subscriber numbers etc
Yes I agree, he did allude to that in a question last night implying he expected the price to be higher.
It seems the future is all down to the IPO and how much interest it gets. That’s why I am forced to accept the delays as they have to get the product right and customers otherwise it will be dead in the water.
thanks bigbench
so May 2020 has gone by the wayside, "post summer" will lead to winter then another Year has gone with Parry trousering another £175k, he seems clueless as to timelines and believes he can keep moving the goalposts unchallenged.
i begin to wonder if deception and misleading shareholders would stick from a legal perspective
He will kick the can down the road for eternity and then slide off into the distance with everyone's money....never delivers on deadlines that he has set and just dangles the carrot....complete fraudster
I told him last night that they should pick a date and stick to it. That the can-kicking was making things worse. He answered briefly but gave a longer response, which I partly saw when in the process of logging out as had to leave at that point. So dunno what he said fully but got the gist it was 'we understand frustrations, but...' I'll have a look at it tonight when I can review the whole chat in peace.
Well at least he was honest last night with the answer "don't know when it will relist" line.
No dates, nothing can be missed. They really don't know when it will be back. Not this year I don't think. Maybe next. Maybe the year after. Maybe never as it will go bump before then. Only so many private fundraising they can do before it dries up. So on that note a listing would benefit us they can raise placings. Though again they are talking about main market not aim, which makes it harder to place.
I don't know. It's just all very boring now. Temper your hopes of a listing this year and nobody will be upset.
One thing I don't like is how twice now he has come out and said to holders that if you are treating your holdings as a loss, then IF it comes good it's a bonus. It's not inspiring is it.
We all understand the process of getting App V2 sorted and out there gathering interest before the IPO and relist... it makes sense... what doesn't make sense is surely they would of had advice on the approximate length of this process from industry experts or consultants.. so why the constant missed timelines which are out by months & years (not days & weeks)… Have they not taken advice... are they going it alone in an industry they know nothing about?
We all understand that starting a new venture or business has hiccups and some unforeseen red tape but this just taking too long... and with the new "post summer" guess... which is as vague as it gets (at least 11th May was an exact date even though it was bull) where does that leave us? Sept?.... Christmas.... next Easter?.... with the companies track record on timelines I'm not even sure on those dates either.... and the worse thing is CP and the gang don't seem to be concerned at our frustration and act like its part & parcel of the set up.
I was hoping the Q&A would leave me with fresh hopes for the months ahead...but it seems like we all have more questions to ask from the answers given last night.... which is frickin annoying and demoralising in equal measure.
If I was a drinker id have a large brandy right now!
Forget to say they didn't even answer the question on how much were they looking to raise...surely they must have a figure in mind...… its like going to the bank and asking for a loan and when they say how much … CP says I don't know I just want a loan!
I know initially when this pile of ****e was listed before CP ****ed it all up and hey presto we are de-listed and all locked out of our investment, that he and his family fund were invested too. However I would hazard a guess that as we are now approaching 2 years de-listed and with CP still creaming off £175,000 each and every year (as a basic) that he has recouped all his investment (faux or otherwise) and then some and has no skin in the game whatsoever. When this inevitably gets wound up it will be telling where the intellectual property goes. RH as I understand it is the proprietor of the Tally app isn't he and not Tally Money ????
Lionsgold shareholders have been desperately let down by CP et al and also terribly let down by the regulators. Remember that the shares were suspended from trading under Rule 14 which is there to PROTECT shareholders !! What an effing joke.
Oh and he's after a Standard Listing, over AIM. Which is heartening but at the same time probably more costly. So it's really dependent on Crowdfunding interest and I guess whether the directors put their hands in their pockets. Or an institution comes on board, but it's all theoretical atm.
I can see us getting to relist, just on a longer road. My issue really is just please stop putting out dates and then flying past them. If you have a firm date in mind, stick to it. I do wonder how Tally functions sometimes, it seems so haphazard, but yet like many small companies they get there. Just ina kind of slightly chaotic way. I mean we're still here so...:)
The whole TRAC thing is murky as can be to be honest
Some questions were asked about that last night and it wasnt particularly well answered.
One who doesnt really trust could say they are hiding the IP owner.....
TRAC even showed up on the charge filed with companies house ALONGSIDE Tallymoney LTD! Even though it was renamed?
Was it renamed? Not apparently according to companies house. So what is Tallymoney ltd? Who owns the IP??
The whole thing makes me very uneasy tbh
Ok - further digging
It wasnt The Real Asset Company Ltd that was renamed- it was TRAC Technology Ltd.
TRAC was bought up by Lionsgold, now Tally - they renamed TRAC technology Tallymoney ltd but left TRAC alone.
Clear as mud then.
Also resigned from RAILSBANK TECHNOLOGY LIMITED on 20/08/19.....where did all the money go.....what have we achieved from that? NOTHING.....14 positions as director and as of yet produced nothing but debt and topping up his own bank account....I am supposed to be getting a call from him today and believe me he will get a good grilling....the time has now come for action before he runs off into the sunset again