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there's a very real possibility deccan will do extremely well for tally but as i say he's hooked us up to the march trope and that means he's basically saying no dice until then again without saying it directly. he allows you to read between the lines so he doesn't get kickback. there's zero reason he can't sell some of his own humungous stock holdings and get us over the ipo line this month.
if he said 'through hell or high water i promise i will list on march' but there isn't that, just the ground now paved for a 6-month wait until another highly probable one. because he hasn't got his **** together in this 6 months.
Agreed dj...everything CP says has to be taken with a shovel load of salt... but if deccan keeps performing his book of excuses is running thin. Once "self funding" status is reached in Mach 2024 and Deccan lock in period ends... what's his next excuse that's even slightly plausible??.. i think at that point if nothing concrete is RNS's we as shareholders have to look at a legal route to force his hand..either relist or dissolve!
I doubt it. He's stated March and it's also in print. That means we're dragged through to March before a thing happens, or doesn't. I'd be totally amenable to the idea if we had a cast-iron guarantee of listing, but with this man there's nothing of the sort. What it is is six months of waiting until a lock in date expires and being on pins to find out if green means go. That's it. No assurance of a list. Just 'aiming for,' as per.
It's utterly surreal. The truth is we do 6 months and then find out what plans he decides the brokers decide what we do. As I say, a creative 16 year old could have got this off the ground 3 years ago. We continue to be kept on his backburner.
Deccan back up 5% @ 127.65....would be nice to see a breakout above 130 and settle above that... 150 would be amazing for Tally!
Thanks bigbench
Now is the time. CP time to shine. Could go from below zero to hero in 6 months.
Spot on Boltaphil..... With all the below... has there ever been a better time to go for relisting and IPO????
Gold’s going on a run again…
Positive for Tally, Tally users, Tally investors, Deccan…
App seems to be ok for me Chimers
To my mind, generally there aren't lock in periods for IPOs - I have known sometimes there are for HNW or institutional investors
But it wouldn't surprise me if Cameron creates another lock in period for us long suffering holders!
My phone can't install the tally app as it's only 12.5 ois.
i'd have to get a modern phone but i like buttons.
can anyone tell me if there are still bugs in the system when you use the app
I’m pretty sure generally there are no IPO lock ins….but a company could surely make a mandatory lock in period as part of the IPO as part of the prospectus so it’s literally down to each and every company how they want to approach it…which is then obviously down to how they see the company performing in the 6-12m timeframe after the IPO… if I was CP expecting what he’s expecting with regards to x10 IPO price within 3 years…I’d be preparing a buy back if long term holders want out on relisting…. It’s a win win for him in that regard
Surely they will have to re-list if there are no longer any obstacles or at least give us a platform to sell. If the company becomes more valuable, it might be easier to offload.
Thank you DJ Walls. Even if there is no lock in , as much as I swore if this realists I am out, I am more than tempted now to let it run. It’s a share I had given up on and now with all that us going on in the world gold is only going up so this could turn out to be a winner. If we relist.
But they do with warrants, and in this case CP stated 2× the IPO price,which leans them to stay invested to cah in higher,based on performance.
That’s odd….now showing-2.5%?
Oh well
It’s getting quite funny….getting up looking at the SP for a company Tally have 14m shares in.. so now it’s 134.36 up another 5% overnight… I don’t think CP has ever done such a great investment in his life…. Waking up every morning seeing 1000’s added to the bottom line.
So the IPO which was once required to raise £10-£12m now needs about 5 quid!
…. In fact I don’t think we need anything we are over the £30m
200 = only 8 days at this rate 🤪
Is it about £230m
Shame they have the restrictions.
This is what I found that appears to be recent rules via online pdf:
United Kingdom: Main Market - IPO Overview:
'4. 4 Post IPO Lock-up
The Listing Rules do not require a "lock-up" arrangement with shareholders post flotation.'
Hmm, not sure tbh.
Admittedly the below is from a 2001 study (so may be out of date) comparing US to UK lock-in and which found UK more complex and flexible.
'We find that the lock-in contracts of firms going public on the London Stock Exchange(LSE) are much more varied and diverse than U.S. contracts, which usually standardise the lock-in period at 180 days after the IPO. An interesting feature of the UK contracts is that most of them do not specify a clear-cut lock-in expiry date (in terms of a calendar date or aperiod of time following a calendar date such as the admission date) but instead tie the lock-in expiry to other events in the company calendar such as the announcements of results, the publication of annual or interim reports, etc.'
Who knows. Maybe something to as at Q and A. And does it apply to all shareholders or just company employees?
If this gets to IPO which I pray it does , I believe there is a six month lock in period on any new IPO. Could be wrong , but it is to avoid if possible any volatility. I could be wrong.
For the next few weeks would be good.
Until we get to our true value.
I'm sure CP said a while back he wanted the IPO to be at least 4p if not higher... but Deccan has changed the horizon for us in a positive way so it may well be 5 or 6p.
Id love to know what made CP accept shares in Deccan for the mine sale??? Shrewd business man or a little insight from the Deccan board saying hang on to this sunshine and you will be thankful??? Either way its put us in a great position... 6 moths ago we needed £10-£12m..... now we don't!