Member Info for get_rich_quick

I tune in and we've jumped up quite nicely today. I've £6k 'invested' here at 0.34-pence, and here's the kicker. I've already maxed out the capital gains threshold this year (thanks to SER) so any profit I make here will be taxed. Thank you very much Tax Man.

OS, I completely agree. This company needs cash (a lot more than the £1m) and the Bod needs to be cleared of its dead wood. I don't believe the CEO has moved this company in the right direction, after its initial change of direction! It's a shame Mr Sinclair has gone but I suspect he left as this business isn't to his technical liking. Only time and dilution will tell. Good luck with your holding here.

I understand why companies do it when there are billions of shares floating around but Tly weren't in that situation. I appreciate what you're saying regards the new spread post consolidation but, who does that benefit? I don't believe the Bod consolidated just to close the spread. I do think there will be another placing because I'd hazard a guess £1m isn't enough and the Bod have only detailed Phase 1. I'm sure a higher Sp will facilitate a future placing, so that is possible but I'm still not convinced. The Bod haven't spoken of their other phases for the B2C project, which is a bit open ended at present, and that is something that makes me nervous about 'what's next'.

Does anyone have any sensible thoughts why TLY have decided to consolidate? They only had 398m shares in issue (and in TLY's defence, they quite rarely completed a placing). So what's the reason? In all honesty. I don't expect a debate regards the above as that's what this board has lacked for years. ATB regards whatever does / doesn't happen. I just hope news is released quickly after the consolidation to prevent any initial retrace.

Knigelk, I agree. It seems as if Tly has woken up slightly (more roused than woken). Nonetheless, an increase in Sp is always welcome.

I bet Markus would still argue with me that TLY aren't a telephone health coaching service. An excerpt from the Rns; "The service is anticipated to be an entirely telephonic service" (referring to B2C). Still, he was right. His comments regards 'this price won't be around for long' is true. 0.2-pence to 17.5-pence (we only got there through a consolidation though). I would have liked to have read King75's views on this. I imagine he would have been annoyed that TLY have now disclosed that certain NHS areas don't accommodate health coaching, which I imagine is something that they knew all along, so it beggars the question why they spoke of every CCG in the UK (insinuating their market potential). Ho hum.

I'm not sure if folk have factored in when revenue is likely to be received from the hopeful programme of B2C. This is a new startup plan, which hasn't been rolled out, it hasn't been fully developed as the Bod haven't received the cash yet, and how long will it take for eventual patients / revenue to begin? I just fail to see any revenue being earned next year (presuming the NHS stop their contracts) which means the Sp will go to 17.5-pence and then another placing will be required for funds / administration / keeping the creditor dogs at bay. Surely we are all realistic and know that this one off raising isn't all that they need to devise / implement a whole new business model? Tly have form for changing their business model when things don't go as planned, and I don't know if I'm prepared to go through a super dilution now that they may consolidate. I plan to email the Bod to suggest a clearer business model strategy is disclosed to shareholders as it's incredibly open ended at present, and due to a lack of financial clarity, investors may not vote 'yes' to their subscription. I already down on my investment, and I don't wish to enter further into a paper loss without more details. I'll let you know if I receive a reply.

"However if the conversion of the pipeline were to fall below the Board's expectations, the Group would not have sufficient working capital for the next 12 months without the funds raised from the Subscription. Shareholders should therefore be aware that if the Subscription is not approved at the General Meeting and/or the Subscription does not become unconditional, the Company may not have sufficient working capital available to it for the next 12 months from the date of this announcement and the Board may, in due course, be required to take action to protect the interests of creditors." May be it was a good idea you holding off, Knigelk.

"The Board is confident" They've been confident for a long time but nothing has actually happened apart from a lot of flannel from Wendy. I genuinely hope we all don't get shafted as there have been a lot of investors who have stuck with TLY. I do think a few have stood by through loyalty, and not through sense, but that's a part of investing. Owning a piece of that company. ATB.

Well, it's that time again where TLY state they're out of cash and if (they know full well the NHS isn't going to come through) further funds aren't sourced, then the company will go belly up. To me, this is a clear sign that the NHS isn't going to come about. It's likely to take a couple of yeas to implement this new B2C , and their other avenues, which is why cash is needed (and more to come). "The Board is confident that the conversion of the pipeline of contract prospects will improve following the implementation of the Proposals. However if the conversion of the pipeline were to fall below the Board's expectations, the Group would not have sufficient working capital for the next 12 months without the funds raised from the Subscription. Shareholders should therefore be aware that if the Subscription is not approved at the General Meeting and/or the Subscription does not become unconditional, the Company may not have sufficient working capital available to it for the next 12 months from the date of this announcement and the Board may, in due course, be required to take action to protect the interests of creditors."

Knigelk, I follow your logic however, in the example that youve provided; If the MAC free float was 40% and a large portion of investors jumped on board (digesting the remaining free float) then that will inevitable cause a surge, but cause stagnation as the share is illiquid, which will either cause investors to sell or stagnation. The argument is there for a partial no-win situation but, if this company has an institutional holding of 60% of the shares in issue, I take that as a positive sign, especially if those institutional investors keep adding when the Sp keeps diluting (AVO is a prime example of that). If the institutional invesors want to remain largely in control of this company, I'll take that as a positive sign. We've all been in consolidations before. And never have I ever seen an Sp hold after the consolidation date. The Sp always pulls back but, with an insti holding of 60% I wonder if it will be different this time. On a side note; I think I'm going to be offered permanent employed. I'm in my late 30's and I'm anxious about returning a call. Isn't life fickle.

If you want to try and place a positive spin on it, here's my take on the matter. There are currently 398,000,000 shares in issue. That is going to be consolidated by 100:1 so, for the mathematically challenged (me inclusive so tell me if I'm wrong) that means there will be 3,980,000 new shares currently in issue (pending the approval). The Rns states that £1,050,000 is to be raised with Institutional and 'other investors' (typical TLY not telling us the whole story) and that means 6,000,0000 new shares will be placed. The new Sp is stated to begin at 17.5-pence (but there's always a fraction left over that private investors lose out on) So, are you still with me? £1,050,000 % 17.5p = 6,000,000 shares. So, 6,000,000 news shares are to be added to the consolidated shares (3,980,000) which the new total will equal around 10,000,000 shares in issue. And the point to my ramblings? If Institutional and 'other investors' hold 6,000,000 shares, then that is a large holding / influence on the company with limited free float, which means it will stop any swings with the Sp (unless more shares are added to the market).

Knigelk, I believe me and King mentioned a long time ago that we were surprised Mr Sinclair was even remaining on the board. The majority of his time is spent in America on different projects. Still, the big elephant is in the room now. The £1m funds needed for B2C. It seems the initial £20k (or however much it was) was a sweetener for the biggie. Many folk believe consolidation is the Bods opportunity to super dilute the shareholder for a lot of funds, and I can see more cash being raised as time goes by. I believe the NHS is over and done with, which is why money needs to be sourced from investors / placings. Sadly, the Sp will fall back after the consolidation, as it inevitably does. Cashking, If you genuinely have £30k invested in this company at a penny average, please think carefully about whether you leave your investment here or not.

A consolidation? What on earth..... I'm stunned with sheer incredulity.

You're not wrong, Kingelk. That said; this share board has only been occupied by a few avid posters, and even they seemed to have closed shop. Still, I do believe buys at just over 0.2-pence are a good price (i thought that at 0.5) and 0.2 does seem worthy of a gamble. I've been mulling over all morning whether I should average down but I'm trying to refrain from buying too many shares as its becoming an unhealthy habit at present. The TLY share price is incredibly volatile even after a few, low level trades and I don't know when any upward momentum will occur. I always come back to my original concern regards TLY. Having a new contract is all well and rosy, and that may lift the Sp, but having continual long term renewals is key. So far, we've had very few. I question whether the NHS contracts are ever going to be converted, one that I doubt. It doesn't take this long to finalise whether the NHS thinks TLY offer value for money or not. There's too much stalling and a lack of Bod communication. I'm only holding on because the Bod have offered a variety of new avenues (excluding the NHS) and if none of those avenues materialise then surely many folk will sell up - me inclusive. ATB.

I don't suppose you wish to 'wow' the -14% drop...

It's shambolic.

I think that pretty much sums up this shambolic business.

Quindell, I imagine you may be lucky quite soon.

Thanks for the 'a to f' list but all of those points raised are your problem, and your issue. So what that you can't get your head around it? Don't be so ignorant that you can't fathom that a person may post outside of your 'a to f'. What I imagine people find offensive, is that you feel the need to challenge / question people on your first encounter.