RE: Railsbank raise £10,000,0005 Sep 2019 09:00
Well ram, you have to think that if this is a 'scam' he's prepared to scam his own family, as his continued involvement in this comes out of the Yarraman Trust which is his family savings trust, and presumably for his kids.
I think in business things take time and directors and CEOs are happy to sit on their hands and wait things out. We see it differently because many have punt or chance money or savings from a one-job income tied up here and we don't have the benefit of multi trusts and other income streams (aka other roles/jobs) that several of these directors do. So our angle of vision is different. On AIM it's shorter term and generally more impatient. To years is a long time to wait for any company to be relisted but on the bright side, the company is still here, the product is here and picking up steam, the concept is fabulous and a much better team are in place than ever we had with LION. There are still issues and wobbles, but 'scam' to me is just a word spat out out in frustration. I really doubt that the people employed at Tally and Tally's backers are prepared to invest in a 'scam'. A thorough gamble, yes, because any business model could fail and we're not out of the woods yet. But 'scam'? Where's the 'scam' when we have the product and app almost fully-functioning, a plan to relist, a business model that's achievable and an operation that physically employs people.
Until anyone runs off with our money to Dubai in the style of the slick, grinning POS from MYSQ, then there's no sign of a 'scam' here thus far imo. Our money being locked away (at this stage, with looming financial chaos, which may or may not happen, or be as bad as we're always told) then possibly it's not a bad move. But I do fully understand the frustration and indignity of having one's capital withheld. All they can do is address this and apologise, which they have done periodically. Hopefully, if all works out, it may prove to be a good move in the long run.
I'm still unhappy about the loss of actual capital when funds were forcibly removed from ISAs into taxable accounts and many thousands were lost on the selling and rebuying process. I think this could be addressed by CP and I'd ideally like to see some form of a perk from this company in the future for shareholders who lost out. I'm not saying 'compensate us straight away', but a dividend or free shares further down the line wouldn't go amiss. It might be pie in the sky but it's worth a shot and I've mentioned it to management before anyway.
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