The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
"By one delay after another they spin out their whole lives, till there's no more future left for them." ~ Roger L'Estrange
Defer no time, delays have dangerous ends !
William Shakespear.
No idea what you are on about.
99treble you might want to be a little more careful with your opsec and not dox yourself with all the personal info you put out. Presumably you have joined the Tally chat group (requiring personal info and shareholding) and you have also given away your d.o.b and the size of your future windfall on here. There are a million and one scammers out there trawling every available source of media for attack vectors so best not to put out any more personal and financial info than absolutely necessary. I'm sure Tally and LSE guard your info well but the likes of numerous big banks, insurance co's, data harvesting businesses and credit agencies have all been hacked and user info exposed and exploited before and they all have very high level security specific departments. Please be careful.
I've noticed that there are an enormous amount of investors on AIM that are frankly appalled with the performance of their investments, SP, CEO's, Boards etc.etc.
This was the last AIM share I bought and will be the last I hold as it's apparent performance of AIM companies and share price is nothing short of abysmal.
A recent report in the US that was commented on by Vincent Deluard (Director Strategy at INTL FCStone) shows exactly the problem with investing in junior markets. The report demonstrated that in the Russell 2000 (a similar small-cap market to AIM) A third of companies make no profit at all and worse than this 18% of companies reported that in 15 out of the last 16 quarters they reported losses, that's loss after loss after loss in at least 15 out of 16 quarters. What makes this a whole lot worse is when you put this in context of the economic environment these companies are operating in, that being the lowest tax rules since the end of WWII and the lowest unemployment rate also since the end of WWII coupled with the lowest interest rates in 5,000 years !! and still a third of these companies can't turn a profit and in fact there has been an explosion of debt per share by 3-4x since 2011. This flags that even in spite of such favourable conditions companies on these junior markets still can't make a profit. Many macro-economic commentators are expecting a major market correction and under these circumstances these companies will be mowed down and consigned to history.
Investing in junior markets is very dangerous under such circumstances. Play safe and don't be over exposed would be my sentiment.
Without capital raise the company was near finished. Capital keeps it going and it this stage there is very little downside risk. We've all lost our shirts on this already and so any news is good news in truth.
Completely agree with you about marketing products and remember banks can give money away to new customers as they print it through fractional reserve holdings but gain from the externalities of airdropping new customers.
But in Tally's case from an investment standpoint I don't see how they say to someone invest £25k and we'll airdrop you an additional £5k worth of Tally on your card, after all this i s about fundraising and not customer capture. I would agree that for customer capture it is a good idea as it will be a slow incremental creep which would come from within marketing budget. However I don't see any other way to fundraise other than giving shareholdings.
Anyway good weekend to all - Fanboys and Groaners ;-)
BA you seem to have missed the point that I was making which to put it simply is - no company in there right mind re-lists (IPO) during a stock market crash - which is highly probable given macro conditions.
BA I don't quite understand your logic whereby new investors could invest £100 and get £120 of Tally credit. I thought the whole idea is that Tally represents gold held in vault. How do Tally give gold away that is not held in vault directly represented by Tally (unit of account) or are you advocating Tally perform fractional reserve banking ?? if you are the whole thesis for Tally representing gold falls down straight away.
JonnyE I'd agree with that assumption that people will look for safe haven assets in times of crisis. Unfortunately history has proved that in times of financial crisis investors become very quickly risk off ! which suggests investors will turn to physically held gold for safety. Tally would certainly be, along with other challenger banks high in the risk off category and hence likely to suffer in my opinion. Crypto currencies would also suffer and maybe even Bitcoin despite it being a non-correlated world asset. What may differentiate Bitcoin also is it's self-sovereignty in a world of collapsing financial institutions. IMHO
Picardy there is no expiration date on our share certificates as far as I am aware, if you know different then please do share.
Therefore if CP does have a desire to keep the business in its' current private state it would make sense for him to rid himself of unwanted shareholders by buying them out and repatriating the shares. I would be more than delighted if he chose this course of action. Should he as expected not choose this option then we retain a shareholding in either a listed or private business for so long as it remains viable.
Some of you may find this enlightening....maybe don't look too close to bedtime as you might have trouble sleeping.
www.usdebtclock.org
Thanks for the advice. I did and it didn't.
The point being made about IPO was that almost all large institutions and CEO's are now virtually to a man/woman expecting an impending stock market crash (3-18 months) and consequentially a severe financial crisis. You only have to see that the US govt has $23 billion of public debt and there is >$42 billion of private debt, and that's just the US. During 2008 crisis the debt was less than $7 billion for context.
To try and launch an IPO of a very small financial business such as Tally in a stock market in dire crisis with worldwide financial meltdown would be reckless folly. Because of this I believe CP should be busting a gut to get the IPO away forthwith. Or buy out existing holders and keep the business private.
Topprize your standard reposté is if you criticise the board then you can't be a shareholder. Please take a minute to consider how ridiculous that sounds, it's almost as bizarre as saying anyone not critiquing the company must be a board member.
If you believe asking legal points of ownership are "bleating" then I wish you good luck and hope the wind of blind faith and good fortune blow your way.
Stock markets around the World are this week at new all time highs - Tally not listed
'JPMorgan pours $130 billion of excess cash into bonds in major shift ft.com/content/cb88f6... "The bank is acting like the [next] recession is here - everything the bank is doing points this way".
3 of the top 10 businesses in the world are currently holding over 10% of their value in cash.
Warren Buffett holding the biggest cash stockpile in Berkshire Hathaways business life.
All the indicators are of a major global correction next year.
WHAT do you think will happen if CP tries to launch Tally IPO around May-July (earliest) next year ??
I think what we have established is that all the posters on here who were not of a mind to question the company and its intentions and decided that they were going to join the company (conditioning) forum, who were elated to have a forum just for CP Fanboys so that they didn't have to contemplate contrary view points (many of which have been proven to be correct) and said they'd not be returning to this BB were not being wholly honest. Presumably you have all been asked to return here as an act of servitude to spread the gospel of Parry.
Whatever anyones opinions CP has still not produced Audit trail, lien documentation (jurisdictional variants included), assay verification in respect of the Tally gold.
There has been no account numbers (open, closure, daily tx volume, weekly monthly etc.)
And the intimations are that he is waiting for figures to March - no indication what the future prospects are for the company if these figures disappoint, but one could presume that the business will either fold or the can kicked well and truly further down the road.
If CP Fanboys don't agree with Picardy or whoever, you have your own company controlled forum to backslap one another. This as far as I'm aware this is still an open forum where all viewpoints are free to be aired.
b1gdeano Bitcoin hasn't been hacked. Other blockchains have, predominantly because every other blockchain are centralised and so open to getting attacked.
Exchanges getting is no different to Banks getting hacked or robbed. You do not need to use an exchange to obtain Bitcoin or sell it if you so wish.
The idea that Bitcoin is for the black market is a complete misnomer. Cash is the transaction of choice for criminals (not just talking govts, big business and institutions) Cash transactions are completely private if not done in a public space and once transacted there is no history. Bitcoin transactions - every single one of them, regardless of size - is logged on the Bitcoin blockchain and visible forever and open for anyone in the world to see. It is literally the least good form of value transfer for illicit activity.
Of course it has value, I can go to an exchange, OTC desk or privately transact and sell a single Bitcoin for $8700 today and similarly buy one, the value being $8,700.
Slugmum Bitcoin is backed by the proof of work of millions of computers and the most cryptographically secure network the world has ever seen and open source protocol all of which is fully decentralised and audited every nano second . Bitcoin transactions consist of numbers and letters. Nobody buys CD's anymore they have digitised music on electronic devices (numbers and letters), airplanes fly in the sky without operator (pilot) intervention down to a series of 1's and 0's. Your Tally account is just numbers on your app, you believe that Tally hold gold which is represented by the Tally token of account, there has been no disclosed audit - so what makes you think there is any gold, you know not where it is held - if anywhere, you know not the legal lien on the gold - undisclosed for a reason !! You give your money to Tally without proof of Gold. You swap your fiat for a number represented in mystical "tally". Tally are a trusted third party and as everyone knows "trusted third parties are security holes" and what better to prove this but the case of Lionsgold who investors trusted with their money and got in return a piece of paper (share certificate) which is no longer tradable.
Bitcoin value has grown from zero to circa $8,700 today with no advertising, no CEO, no interventionist monetary policy, no down time and has never been hacked. For this reason millions have adopted it and it now has the best cryptographers, quants, developers and computer scientists in the world working on it.
Tally has Ralph Hazel and Cameron Parry and has already been hacked and software issues including the most critical financial failing of all - Double Spend, hence why after months and months it only has circa 1,000 downloads of which there are likely only 10% active users. This is the hard truth.
I may be having a funny optimistic turn here BUT has nobody else considered that perhaps the company could be undertaking a fundraising and could then buy up existing shareholders current shareholdings and keep the company private ?? It would be on par with their bedfellows at Railsbank and Starling Bank who remain private companies and would take the heat off them to re-list and give them far greater autonomy in what they wish to do ultimately. It would make total sense so long as they could raise the funds necessary, and after all they know full well most holders are desperate to get out of this disaster and move on.
I for one would be fully supportive. Kind of makes sense as to why they are always trying to establish investors shareholdings.
queue delay..................................