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I would be absolutely flabbergasted if CP has failed to raise the funds he is looking for. Ann Boden over at Starling Bank has gone through many successful fundraising rounds and turned SB into a very successful and fast growing challenger bank. With a working relationship between Tally and Railsbank and Starling Bank fundraising should be easy unless Boden sees fit not to recommend CP and Tally. I guess we shall see in the coming weeks once the latest delayed update is finally released.
Still as far as I have seen there is no released audit of gold held - if you're not asking yourself why you're failing in your own fiduciary obligations.
I thought after all the furore over the Tally forum and how excited people were to have a forum where they could all coalesce around the company dictat and be moderated by the company narrative, this thread would become a lot quieter with very few new postings. However this seems not to be the case, perhaps all the convivial nodding and standardisation of views over there is not all that was dreamed of :-))
Flapping I'm not talking about defamation just privacy. The forum I assume will be moderated by the company and can therefore be used as a shareholder engineering system. They can judge your posts and grade everyone by this in accordance with their shareholding. It has been going on in China officially for 2-3 years and overtly in the US and Europe for a similar time.
as I said just a cautionary note and from my personal point of view, my shares are held in a share account and I do not have a Tally account by choice and so my holding and personal data remain private by choice and hence I choose not to dox myself in an age where personal data is harvested and sold/leaked/divulged to third parties. At every opportunity (ie. when I have contacted the company) they have tried to glean from me my personal data and stock holding even though this has had no relevance to the questions posed and this makes me uncomfortable.
Just my personal choice and I know most here will feel differently but by setting up a forum that prohibits some shareholders and not others depending on their privacy choices is questionable.
Just a cautionary note; and the reason that I shall not be enlisting upon the Tally Forum; by revealing your personal information and shareholding to the company you are also opening yourself up to sanctions from the company should you post or act in any manner that they deem unacceptable. All shareholders should be treated exactly the same and anonymity respected. Has the company divulged their privacy policy on the information collection/re-selling there of.
Unfortunate to read that numerous shareholders here are also Tally card holders and experiencing serious double spend problems with their Tally cards. Whilst shareholders here are desperate for Tally to succeed and re-list will hence view this as a small teething problem I would anticipate that non-correlated Tally card holders will view this as a serious impediment to their financial security and destroy their trust in an experimental third party banking app. This Tally folly looks ever more likely to fail which from a shareholder perspective is a dire outcome for our investment, however one very bright spot is that I believe that we are still invested in Starling Bank. I am not entirely sure of the investment anymore(company updates are like hens teeth) but I believe it is something along the lines of we are a major Railsbank shareholder and they then are a shareholder in Starling Bank. I am not sure of percentages but I am sure someone will either correct or update on the current position.
Starling Bank seem to be popping up in advertising everywhere over recent months from Twitter ads, TV, Yahoo etc and financial news pieces such as the one I happened upon yesterday in respect of successful UK challenger banks published on Yahoo Finance (although I think the source was the BBC) Starling look to have found their niche market and are exploiting it through well organised marketing and a good product that works perfectly well in its marketplace. So long as Tally still have exposure to Starling Banks success, all may not be lost here. Successful management and company stewardship is often down to the ability to recognise mistakes, put a line through them and change tact for the greater good.
Anyone have anything more recent than what I have posted below with regards the companies current financial position ?
Accounts to end of June 2018:-
Audit note:
Material uncertainty related to going concern
We draw attention to note 1.3 in the financial statements, which indicates that the Group incurred losses of £865,907 (2017: £862,256) and currently has no significant source of revenues. The Group is reliant on additional capital funding either through the exercise of warrants or issue of new ordinary shares. As stated in note 1.3, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the group and company’s ability to continue as a going concern.
Our opinion is not modified in respect of this matter.
Interims to 31Dec 2018:- Capital raised during the period £756,000
Cash at Bank 31 Dec 2018 £174,994
Anything more recent could you kindly post.
Picardy the series of posts that I was referring to had no personal insults or abuse and no offensive language, it was a series of 4 or 5 messages in respect of the BOD's handling of de-listing between three posters. Nothing indecorous and without conflict.
Off topic guys but has anyone else noticed that there seems to be some shadow banning/moderation being applied on LSE chat forums now. I noticed a few days ago there was a thread of a few posts on here that mysteriously disappeared after a few hours. Very sad that an open discussion forum is now seemingly being surveilled and thought control being applied. Regardless of your particular viewpoint this is a very precarious state of affairs. Not sure how long this post will be visible for but I doubt very much I will post much again. However as much as it seems unlikely to me I do hope that Tally do eventually re-list and everyone invested here gets the opportunity to realise and reclaim some if not all of their investment. Good luck everyone
Just for clarity it now seems that the following topics are all off limits on this investment discussion board (or so it would seem).
Re-listing
Criticism of CP.
Downloads.
Legal ownership and Audit of gold stock.
Active daily users.
Daily transaction volume.
Daily average transaction size.
Weekly transaction volume and size.
Monthly transaction volume and size.
B2B data.
The fact that you need to live just off the coast of France to attend AGM which will be held during festive holidays when transportation is at its poorest and highly likely to be disrupted by hazardous weather conditions and the date of which will be revealed just a couple of days prior.
Share price (or lack of)
Facts (only notions)
Dates (only vague time references "summertime")
Any serious points of view that Picardy may state ( these must be met with vacuous derision or personal attack).
bassguy it's very interesting to observe that you believe legal lien on goods to be meaningless and further that audit of said goods (ie. gold) should be meaningless. From this response it is evident that you clearly take the view of investing with blind faith.
Companies such as FANG stocks have by and large made no profit for a number of years and yet have attracted untold VC and PI investments, all based on the information you deem "meaningless" ie. downloads, active users, business users, daily/weekly/monthly transactions and transaction data.
Given that you deem all this information "meaningless" I would love to know what metrics are of meaning and quite how success should be judged ??
This should by now all be publicly available information !
I haven't been able to find it anywhere issued by the company and so thought maybe someone else might have seen it somewhere. I watched the Cameron drivel interview recently but neither saw nor heard absolutely no facts or figures mentioned. I would therefore assume that if nobody has seen this information then it is being withheld . We can but wonder why that would be necessary but the logical conclusion would be that Tally is failing to get any traction whatsoever.
Not checked in here for a while but thought some one on here would have the answers as to the following questions now that Tally has been operating for a good number of months now:-
Where are the monthly audit results for the gold held in storage for Tally ?
Where is the legal lien documents for the gold held in storage ?
How many people have signed up for Tally ?
How many Active daily, weekly, monthly users ?
Daily cumulative transaction numbers and volume ?
Number of B2B transactions, sign ups and users ?
Just simple straightforward questions any business would be able to release answers to.
Nothing occurring here for almost 9 months and longer if delayed, remember the 11th May is not set in stone, no legal obligation. I'm off as nothing here to discuss and will do nothing more now than remind anyone who may be interested in this product that so long as there is No Audit then you should also presume that there is No Gold.
I got shot down months ago when I said there was no way they had any intention of re-listing this year BUT there you go the can kicked well and truly down the road - almost another year down the road. AND we get diluted to boot and the glaring admission that there are still less than 1,000 users who have risked there monies on an un-audited and perhaps even notional gold holding !! Further admission that all shareholders have been diluted further in complete contradiction to Parry's mission statement from the Tally website-
' with no mention of the devaluing effect to the existing money, Cameron’s sceptisism was piqued. He knew that when a company issues new shares it causes ‘dilution’ and when new units of currency are issued it causes ‘inflation’, and that the potential for devaluation is the same. So he set about understanding the concept of money,'
Cameron understood this concept so well that he decided to use it to his advantage and apply it towards his company shareholders.
So the "Summertime re-listing" has run it's course and been proven to be nothing more than a fictitious brush off to shareholders and the 'before end of August update' looking increasingly like another in the long line of prevaricative measures as CP doth espouse Tally and all its assets, whilst the loyal plebs invocations and supplications fall fallow.
Not sure how many others on here noticed this a couple of months back but it has only just come to my attention. Due to our investment link with Starling Bank I would not be surprised if this was one of the first ports of call as we looked for pre-IPO funding, if it is then it would be very encouraging.
https://www.cityam.com/revealed-starling-bank-chief-edged-out-as-billionaire-backer-boosts-stake/
JonnyE I was merely cautioning that until such time as an audit is disclosed then it may be prudent to restrict ones exposure to the account. No impropriety suggested. I would hope and expect that the rns promised before end of August will contain audit results and announcement of future audit schedule for complete transparency. Also would be nice to here that they have maybe teamed up with a broking house who could market the Tally account to all of their investors for a small commission on account opening/transacting, I believe that this is by far the easiest and quickest way to Tally adoption and scaling with minimal advertising cost which would actually target educated investors rather than Joe Public who are not necessarily investment wise or averse. This is also sensible given as far as I see since there is no discernible marketing budget.