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I am genuinely very pleased that those of you who post on here that have taken a chance and opened a Tally account have made money on the transaction. However it is worth taking note that to the best of everyones knowledge there has not been a single audit of the notional gold stocks as of yet, which should raise the question do the gold holdings actually exist ??
I am not saying they do not but at this very moment in time there is no definitive proof that there is a single milligram of gold vaulted against Tally accounts.
While I'm sure this is not a concern to most Tally account holders it should at the very least be taken into consideration before one becomes to heavily vested.
clocks ticking CP.
Thanks BrownAdder. You get a well deserved thumbs up for that. ;-)
Flapping you don't seem to realise you are no longer an investor. For clarity any monies you invested were lost when due to the vicissitude performed by CP as he de-listed LION, should you choose to argue this point then I suggest you check your investment portfolio and check the value against it ... ZERO I'm right aren't I.
None of us are any longer 'Investors" we are shareholders with not even so much as a scrap of paper, who will eventually be diluted to oblivion for the benefit of others (I think we all know who) in this unregulated private company, run in a esoteric and secretive way so as to obviate shareholders.
CP is far, far closer to Elizabeth Holmes than he could even dream of being to Elon Musk.
Theranos = Tally
Scream and shout "muh short term trader not long term investor" or whatever drivel is aimed at anyone that dares call out the current situation for what it is BUT time will in all probability prove the equation above.
I'm no clairvoyant but I'm guessing that the next rns will be along the lines of ' Tally just partnered with International compliance gobbledygook co. to drive adoption bla bla bla, we've all be working flat out at Tally bla bla bla,I've personally worked really hard and am really tired bla bla bla, aiming for re-listing in the future bla bla bla, like to re-assure our shareholders bla bla bla....... will update (pause for gravitas) uhh..... Summertime !
No mention of mining operations, financial position, definitive progress, definitive dates, lien on gold, "top 4 auditor" appointment, important financials, presentations, marketing, holdings in Railsbank/Starling (hence there financials and important account numbers too), transaction numbers, account numbers, audit of gold holding and if there has even been any, and any of the other multitude of unanswered questions for which you would expect a competent CEO to be able to keep their shareholders up to date with.
of course King Spiv will delay the anticipated announcement anyway as he's probably got a game of office hide and seek to finish or an eye spy marathon......
" TruNarrative also has offices in London, New York, Hong Kong, Beijing and Singapore."
Just off to hospital to get my sides sewn up after splitting them with laughter. Having a rental agreement with a Hot-Desking business that has offices overseas does not make your company a Multi-National .....hahahahahahahahaha !!!!
Seem like the sort of company that CP would keep :-
Cash: £51.3k Net Worth: £-3,165,516 Assets: £401.3k Liabilities: £3.6M
Jonny are they getting the groundwork solid ? Nobody knows, it's just guesswork either way. Where are the account opening numbers, active user numbers, daily/weekly/monthly transaction numbers, where is the audit reports on physical stock, who is the major auditor that they intimated ?? and these are just a few of the unanswered questions on Tally that should lay the groundwork/foundations for a successful business. All we have is a usable functioning app related to an account that seems to be operating by human approval on each transaction OR are they fully automated transactions yet, I pose this as a genuine question as I am unwilling to open an account myself knowing fully CP's reputation and track record. I heard that there were issues with deposits needing to be verified by personel, not sure if this has changed yet.
Thanks for the link Naz
All questions that very much require answering bigbench and if they are not addressed then the correct course of action would be to raise them at the AGM, which I believe last year was on around the 27th of December in Guernsey or Sark or somewhere else almost impossible to get to on the ludicrously short notice given. There should be an AGM held in London; as I believe they operate from there; with a minimum of 2 weeks notice and at a convenient time ie. not during the closed post xmas period when transport and travel arrangements can be compromised.
So that makes you Afzal then according to the rns
I may be wide of the mark here as it is very easy to loose interest in this zombified business but wasn't there due to be an appeal ruling from the Swedish govt on Storuman mining application removal by SMI in August ??
I was informed via a reply to questions I put to the company a few weeks back that an update WOULD be made by end of July/early August. Obviously this didn't occur and now it seems the can has been kicked down the road to end of this month.... well knock me down with a feather !!
Amazing that CP still doesn't acknowledge his lies and numerous shortcomings in that yes the company was given a short suspension from trading, a suspension that he verdantly reassured all holders would be a short suspension that we would return from in 10-12 weeks. This was a lie and he needs to take ownership of his falsehoods. The company did not and have not and quite frankly will (likely) not return to a trading platform and this is out of choice by CP and NOT necessity.
Indeed every investment carries the risk of loss on investment and all investors accept these risk/reward opportunities BUT at no stage should an investor in a regulated exchange traded company share be expected to anticipate an engineered suspension and default full listing expulsion.
lionhelp the only simple and neutral advice I would give is that at present the shares are worthless but keep hold of the share certificate just in case they do re-list at some time in the future. That's all you or I can do regardless of opinions on the company, directors or product.
for Lionsgold is what this LSE board is titled and yet there seems to be very little by way of discussion on Shares/Tally and anyone that mentions the company fundamentals or share listing is de facto derided, it would seem this is more of an open forum for product endorsement at best and personal vilification at worst.
To bring this back to the shares and company of issuance there of I would like to highlight a message from the TallyMoney website :- '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’' with this in mind what does Cameron propose to do to compensate existing shareholders for the dilution of equity that will transpire from any new IPO ?
Also interested to see the intellectual dichotomy of Ralph Hazell in that he actually wrote a book called "The Decentralised Renaissance" and yet he has designed Tally to be entirely centralised.
Further the company states that monthly audits on gold in storage will be carried out, so the question is where are the results of the monthly audits undertaken so far ? These audits are lauded to be undertaken by "a 'Big-four' accounting firm". No information is available as to who the accounting firm is still !!
want everyone to invest in Tally (acct)- free market in gold payments. Capitalism at work
Tally (ltd) : We de-list, we control shareholdings, we decide if and when we re-list, we decide if and when we will communicate, we control your capital investment and you are not free to leave at any time. Socialism at play
Oh the irony of it all !!!!
is almost irrelevant, what they need to disclose is average daily user numbers and transaction numbers.
So there is a plan to offer to SME's in 2021 at present according to the early posted report unless they are granted a donation from Banking Competition Remedies Ltd Capability & Innovation Fund.
With this revelation it raises the consideration that this is then the first indication that the company has no intention of re-listing until after such date once the product has been launched to SME's and proven up by numbers. This would likely mean re-listing no earlier than 2022, and that's if they do intent to re-list in actuality.
I wonder why CP hasn't enlisted the services of a Nomad.......
'Nominated Advisor (NOMAD)
A NOMAD is a corporate finance advisor, usually a boutique investment bank, which conducts thorough due diligence for the suitability of an AIM applicant for the exchange. The NOMAD, if satisfied with the company's business model, financial and operating track record, competence of executives and directors, and intended capital structure, will assist the company in its preparation and application for admission to AIM.'
Tally fail on almost all metrics !