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Chimers,I have a plan,
It's called obtaining satisfaction for being defrauded of £30k.
Plus like him, I won't give a monkeys about any consequences either.
Slugmum2000, do you have a link to the RNS
99Treble, If i had £30k in this share i'd certainly would be going round to their offices and be having
a meeting with Perry, at least he would have to look you in the eyes.
Poor form
Well indeed bb, if he knew the steps we are only just making couldn't be made in the past without all this groundwork, it looks poor for for him again. Fair enough, Railsbank derailed everyone but he's told multiple stories about reasons to list and suddenly not to list. It's been a long game of ping pong.
As I said I'd take March 2024 if it were anyway written in stone but that part is still characteristically elusive. He's really just told us all to sod off until next year tbh imo. At which point the company 'should' be self funding, but then what? In the meantime? Or does he plan to get listed in the meantime and show that self funding in March merely enhances us? I'll have to ask him this next Q and A if I think on.
They still charge 19.99 sign up fee too
Is Tally making a tiny percentage from each Mastercard transaction?
Where is the profit going to come from?
Slug, those darn mining interests have delivered a spectacular return.
Tell me what Tally is bringing in, where's the profits coming from,cos I can't see it,and he won't tell us any metrics.
Put it this way, I won't be disappointed if my £30grand is smoked.
We all know from time trapped and invested here that CP is a 💩. We can wait in hope or try some legal action which won’t go further than a strongly worded letter to someone.
He will run out of excuses and Monday and fold the company or eventually relist it I guess.
He’s given a few interviews this year mentioning relisting this year… so anyone watching who was interested in investing will now watching closely to see if the missed deadlines of the previous years continue…..but for me it calls into question the many previous times when CP said about relisting when the amount required to IPO was £10-£12m ….was that ever really achievable???? if even now it’s only £3-£6m needed and he’s still dancing around the edge and failing to commit to a firm date…. and now looks like we have to be “self funded” before we can safely IPO???….. I’d never ever heard that line in any of the previous Q&A’s or RNS’s…. Not only moving the goalposts AGAIN…he’s brought in new friggin goal posts and moved them to!!
In my opinion, if we ever get to IPOing it should now be within the next 12 months
Those darn mining interests are finally out of the way
I’m under no illusion - the tentative date of ‘around March 2024’ will not be hit. He’s missed every timeline going and there are already a few caveats shoehorned in after the date to cover his back
Maybe September time if we’re lucky
I’ve held this share for longer than I was at secondary school for.
More than half a decade off the market - no wonder shareholder interest has dwindled.
Have there been any other stocks which have delisted and then come back after this length of time or greater ?
"With the timing of B2B revenues to commence in Q1 and achieving the position of being able to fund
core operations through Tally’s investment assets as and when required, the Company should be able
to achieve a successful IPO in or around March 2024. Shareholders should note however, the path to
a successful listing and the ultimate timeline will be influenced by external factors outside of the
Board’s control, including the views of our corporate service providers to be appointed, and the
regulator"
RNS out
End of q3 update
Well if we are soon to become self funding that will be a massive plus for any potential investors looking at the IPO prospectus... but once again the vague answers given by CP regarding relist this last Q4 leads me to believe its not happening until 2024.... but which Q??? il leave that out there! Lets hope Deccan can keep going from strength to strength so the IPO required funding reduces massively to just a million or 2..... surely that small amount is achievable in a couple of days ..... or couple of hours if we can get Nigel on board!
Free,nobody was alluding to he sold the Deccan shares and ran off with the money.
I was suggesting he would sell down the Deccan shares to provide liquidity for running Tally.
Not knowing about the locking period,it's a fair assumption to be made
He will sell them in March out of lockin period to provide said liquidity.
Keeping them is the exact opposite of why he took us to be delisted(a change of business to a Fintech from prospective Gold miner).
Therefore he can't hold them when /if he relists.Thats my view, not a conspiracy.
Thanks to djwall and all the others that keep us updated here. Sounds a bit more promising and I think March 24 sounds reasonable for the IPO. GLA.
Djwall1s, thank you for all your efforts in updating the board on the Q&A, very much appreciated, I don’t post often but do hold a significant number of shares from LION days
To many bloody pop up add on this site!!!!
At least it has put to bed the conspiracy theorists that he has sold the Deccan shares and run off with the money.
I do like the bit about being a self funding as a Fintech all very positive but as I have said before cant see a listing happening this year hopefully in the first half of 2024
As I have said befor
... A listing is not before March 2024, and possibly later in that year imo. It doesn't take much to read between the lines as a megalongsuffering shareholder to see 'March' cropping up for 2 main reasons - they will be self funding as a Fintech and also no longer in a lock in period re: Deccan.
For my part I've said I'll take a projected date as long as its nailed on as a dead cert: date given, docs ready, brokers in place and off to the races. Will it happen? Lord knows, but I felt that there was at least an optimistic air of things coming together at Tally behind the scenes. Beyond that I can't tell. Everyone is free to make their own mind up. I remain cautiously optimistic but also realistic enough to fully expect him to shift goalposts at random. Let's hope between now and March is finally It.
"As just responded to another shareholder:
I’m a bit in the hands of the brokers that we’re hopefully going to be working with for the IPO, regarding a listing date. But I think a self-funded fintech, which we’ll be in March, is a pretty appealing investible proposition for getting listed. So if we’re facing any resistance prior to that (i.e. if they don’t think we can get it done successfully by end of Q4), I think the resistance falls away at that juncture."
"We are still doing planning and dev work around the loyalty program with our partner (and some of the dev work is done by them) but its proceeding in line with our expectations."
"As I stated in that answer, I think being a self-funded fintech should conquer the last of any resistance for a successful listing of Tally. We’re working with a potential broker to determine together the optimal time to get this on the market and lift the profile of Tally’s product and brand (and raise some IPO funds)."
"Evening xxxx yes we have a few scenarios of how we can utilise our investment in Deccan, to grow Tally’s business. I can’t share specific exit strategies as it’s a listed company, so don’t want to tip off the market, and in any case we’re in a lock-up until March."
"... we are doing some UX/UI design work around SME accounts and testing currently (its taken longer to get to due to time limitations) but we’ll have these out (for the first 100) in Q4."
"B2B is how to take tally around the world, most effectively. It takes a long time and a lot of cost to grow from scratch in a new market. Better off enabling tally for an already established customer base, where Tally aligns with their brand and product in some way (such as an insurance company or a telco). Still going to keep pushing the B2C product in the UK though."
"Our plan xxx is to list on the LSE Main Market."
"Evening xxxx it’s on all of our Deccan shares, those issued for our Indian interests, for our Finland interests and for our participation in Deccan’s placing. It’s what was required from the Indian regulator (SEBI) on these sorts of deals."
That's it. There was some banter, long term hopes to expand into communist Chin, er, I mean Australia, Nigel Farage being 'aware' of Tally but CP divulging no more than that (unlike our national banks), and Deccan/Finland asset stuff. Some good questions were asked, it was a better mood but my observations are...
All sounds great, but where is Tallys profits coming from.
The valuations and liquidity has come from Old Lionsgold holdings.
Thanks for this. Appreciated. I’ll have a good read.
Again, on IPO:
"As just responded to another shareholder:
I’m a bit in the hands of the brokers that we’re hopefully going to be working with for the IPO, regarding a listing date. But I think a self-funded fintech, which we’ll be in March, is a pretty appealing investible proposition for getting listed. So if we’re facing any resistance prior to that (i.e. if they don’t think we can get it done successfully by end of Q4), I think the resistance falls away at that juncture."
Re: when asked if 100k was from the sale of the Finland asset:
"Evening xxxx no the $100k was just part of the mix of wrapping everything up. We paid that to Deccan to support what they’re trying to achieve, and part of what they’re trying to achieve is develop the assets we sold to them. The deal we did on our Finland asset was basically at cost and what was it was on our balance sheet at (£600k) but the timing of the deal agreed, saw the shares calculated at Rs53 each and it’s added over 50% in value since then."
He talked about the Corporate people they are dealing with and that they are still targeted LSE to list. He talked about the loyalty programme they have going with a partner and how that is proceeding "in line with our expectations."
IPO:
"As I stated in that answer, I think being a self-funded fintech should conquer the last of any resistance for a successful listing of Tally. We’re working with a potential broker to determine together the optimal time to get this on the market and lift the profile of Tally’s product and brand (and raise some IPO funds)."
Deccan investment:
"Evening xxxx yes we have a few scenarios of how we can utilise our investment in Deccan, to grow Tally’s business. I can’t share specific exit strategies as it’s a listed company, so don’t want to tip off the market, and in any case we’re in a lock-up until March."
IPO and funding for it:
"... we’re still raising funds pre-IPO, it’s a very tough market out there as you’re probably aware, so everything is hard and taking longer on capital raising fronts. Re IPO minimum/maximum subscription, this can come down due to Deccan value and a lower minimum increases the chances of a successful IPO plus can help with a secondary push on the market (i.e. with limited shares of offer at IPO). I think instead of £5m/£10m min./max, we can now be looking at £3m/£6m (as it stands today)."