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We are tied in
But we cannot list as a Fintech owning shares in a Goldmine.
Kolar Gold yes, Lionsgold yes, Tallymoney no, hence why we were dismissed from Aim due to a fundamental change of business.
Maybe the main market accepts it at Ipo,I'm not sure, but I'd err on the side of caution,as well as it contradicts the situation we currently find ourselves in.
This is positive news certainly, however ,can the equity be spun out into hard cash as liquidity to prop up Tallys much awaited Ipo.
That's the 64million buck question.
I’m sure CP alluded to the fact our assets held would have an assigned value and contribute to the overall valuation towards the required £30m…. Happy to be corrected on that one.
Either way I’d say Deccan are on the ascend over the next 6-12 months so come March/April next year once the lock in period has passed we can liquidate our holdings to cash if that’s what needs to be done.
Treble I’m sure assets are classed as assets regardless… perhaps a maximum % is only allowed I’m not sure on this one.
Deccan 📈
& look at the volume for today
It’s broken out above resistance with a few hours left to trade
(IIRC Bombay stock exchange closes around 10-11 UK time
Come on Cameron get those readmission documents completed and ready for submission!
Deccan 110 now……. And we have 14m shares…. Agree 100% SM it’s time to get the paperwork in order…come on CP do the right thing.
Ideally we need to close above the previous high for the next 3 days in a row
Deccan - again 📈
Yep 116….let’s hope it continues so we can ask questions at the end of month Q&A…. CP said The amount needed to IPO was between £3-£6m …..£3m must be the upper limit now surely??
Go Deccan Go!
Bad really having to watch some other companies share price dreaming one day we might get to watch our own.
Come on CP.
Agreed dealer….. but it’s us that actually own the Deccan shares ….CP bought them with our money,…. At least he got something right in the last few years!!! 😂
@1.16INR..... our 14m Deccan shares are worth just shy of £16m
Ok so
£16m Deccan shares
£13m tally valuation
I don’t need to do the math
Deccan bizarrely been going up 5% a day these last few days if it continues for the next 2 business days then we have hit the 30m valuation requirement which Cameron Previously said was a high water mark
Exactly SM... if we are still at this level or higher come end of OCT the questions have to be asked of CP and the IPO delay... 1.25INR for deccan =17.5m which takes us to an IPO requirement of..... er...... well nothing really... maybe a mill or 2.. just for the fun of it so we can up the advertising.
Dare i say we have never been closer??? Hmmmmm
He will spend all of October researching global issues and present them as reasons not to IPO.
There hasn’t been any good reason really not to list. We suspended for reason x and then delisted for reason y. CP did this on purpose I’m still convinced
Only crumb is if we were listed during the last 5 years this share price would be £0.001.
Agreed dealer…..Alien abduction and destroying IPO paperwork is one excuse still available to CP…
Someone said we cant sell til spring next year -
so am struggling with getting today's share price or valuation thereof
spring next year it could either grow 10 folds or be in a ditch
what am I missing
Thats true BA..... we are locked in to Deccan until spring 2024 and who knows where the SP will be by then... (north of 150 INR my guess by who knows)... the point is the value of the asset is attributed to Tally Centrals overall valuation as of today and everyday going forward.. so when combined with current market valuation of Tally we are within touching distance of the £30m required for main market relist which has been the biggest hurdle to date.
I'm sure... as we all do know... CP will come up with some other BS about another un mentioned & unknown metric which has to be reached before relist/IPO can take place.. maybe the broker needs to get his haircut first... or some new app feature .... but reaching the £30m leaves a tiny (or no) IPO required so relist can be much quicker... Thats how i read it anyway.
Nice to see some positive chat on here for a change.
I think even BA is starting to see the light at the end of the tunnel.
Agreed F@L… we just need a firm relist date from CP and a tiny IPO (if any) and Tally could go great guns next year… but until then we have to entertain ourselves with potential possibilities.
As Happy pennies said CP has 10 million reasons to relist plus he probably has Big Jim breathing down his neck wanting his money back with interest. Also his staff that have had shares in this. I would imagine that he has a lot of eys on him wanting this back on the market.
Just a thought
https://www.bankrate.com/investing/direct-listing-vs-ipo/#:~:text=Direct%20listings%20are%20much%20more,the%20company%20to%20go%20public.
If we reach market cap - is a IPO necessary? A direct listing may be a suitable option
Less dilution and quicker
Hopefully this may happen if Deccan keep going the way they have been. As you say less dilution quicker and less cost.