Member Info for b1gdeano

Morning

Got emails back from support about the questions I asked in line with the topic here.

Basically there is a security trustee that would act on our behalf should tally cease trading. I asked for further details about who this trustee is and was advised they will be updating the FAQs with the info once they have them all tucked up.

Until this I will be advising my folks to only put small amounts in, as want to see this info nice and transparent before encouraging big drops.

Below is a copy of the mails I got

"Thank you for getting in touch and this is a great question.

Tally gold is 100% insured through our accredited vault provider in Switzerland. Further Tally gold it is ring-fenced under a security trustee arrangement that, in the event that anything happened to the Company, the security trustee would step in, sell all of the Tally customers' gold to convert it back into fiat currency, then send 99% of the balance (there is a 1% admin charge for this service) attributed to each customer, to their nominated fiat-currency bank account
Regards,
Kris"

"All these details will be made available via FAQs very soon about who to contact in the event Tally does not exist. We are just making sure that all the details and wording fall in line correctly from a legal prospective and trustee, once this has been cleared all this will be on the website.
Regards,
Kris"

Well I have emailed them asking them to lay out what would happen should tally cease trading either via insolvency or any other reason.

Hoping they come back with a decent answer and not a swerve or other evasive answer. Will let you know the outcome.

Well I have managed to talk my retired parents into buying some tally with some of their savings, on the basis that gold is rallying and likely to continue for the rest of the year.

Though I will be emailing tally to ask about the scenarios laid out here if tally were to disappear. If they arent clear or transparent with the info then I will be advising my folks to only put a small amount in, not huge chunks. Wouldn't want to be in a situation where they lose their money on my relatively "safe" investment advice.

Only ever had a passing interest in skateboarding so didn't know too many names.

Apart from Tony Hawks and Bam Magera, before he was on jackass!

Haven't done any boarding for years. Not with the dicky knee lol

At least it doesn't randomly give way on me anymore. Used to be all sorts of amusing that, especially when holding a pint...

Late this month would mean stix little bird continues to be fed that glorious trill, and not relegated to dust.

Stix,

I don't fall asleep watching TV. I don't watch TV, and don't sleep more than 4hr a night.

I do groan when I bend down due to an old knee injury from snowboarding.
Still have all my hair
Enjoy raves. Proper raves, not instagram ones.
Occasionally forget names, but often don't care too much to find them out in the first place, mate or pal will suffice.
Always comfort over style.
Don't own carriage clock. Only have one wall clock in all the house.
Not a member, but do enjoy museums
Don't watch TV, so no adverts.

Not sure this makes me old, but probably makes me a bit of an ********, which I'm happy with ;-)

You don't have to blow smoke up CPs are or be super smiley and sucking up to be behind tally. Everyone here is behind tally and have been using it for its benefits for months.

People need to realise you can be critical and support the product.

People here should well by now realise that I call it as I see it. How I see it may be different to how you see it. I do not have rose tinted specs on here whatsoever, which some clearly do.

If I am mostly negative it's because the company have given me more to complain about than praise. I can read between the lines and spot the BS In RNS which I call out and then come to pass.

Basically when the company get their **** together then I will become more positive. Don't like it, then follow OfficeManager and filter me, and continue living in a positive feedback bubble.

Jog on then teaboy

Still hoping for the news your bird told you about stix!

Can't keep holding that carrot with jam tomorrow forever in the IPO front. It's either happening this year or it isn't.

And your assuming they are working on the IPO.

Jury is out on that one until proof provided.

Completely missed the point about the validity of the complaint didn't you?

Doesn't matter that they are getting the word out when they take two steps back with stupid things like using a defunct twitter handle with the OLD ****ING COMPANY NAME to advertise their product.

Criticism is well deserved.

Said it months ago, any success here is in spite of CP not due to him.

He is useless and not worth his salary. He brings nothing to this business. Nothing. He just held the purse strings of shareholders money to buy into things. Same way he buys his way into things with his trust fund.

Maybe if he stood down from all his other businesses interests and focussed here things would move along. Then again, maybe if he stood down and let someone else at it would be better.

If he wasn't born rich he wouldn't be anybody. Simple as that.

I have to admit the thing that gives me the biggest apprehension regarding this coming back to market is the sloppy amateurish way they run things.

It does make it seem like a pet project rather than a serious company thinking big.

Great product, great potential. **** poor management.

It is worrying that people don't think these things are important.

It's a sign of professionalism and organisation. Taken as a whole with the constant slippage of project milestones it just makes the company look like a an amateurish business operating from a shed.

Get rid of the legacy websites, stop using the lionsgold twitter handle and start rubbing the business like they are serious.

Corporate side of the business is a shambles. Simple things aren't being done to make them look professional. A good product being let down by poor corporate governance.

And guess who's job that is. Good old CP.

Still sure his fanboys will find an excuse to let him off the hook though...

Why on god's earth are they STILL using the lionsgold twitter??? The ****ing company doesn't exist anymore.

How ****ing amateurish.

I really despare sometimes at the stupid own goals this company manage to score.

Probably the same place that Barclay's said they are backing the business and they confirmed US launch in 24 months. Lol

Useful update that.

Nice to see places you have spent rather than just showing a transaction has taken place