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The company certainly seem to be making the effort to find out about how people use the tally app and get some feedback. Cameron has started to speak to some of the shareholders face to face on zoom, I've never done the video calling thing before but had a good chat for over an hour yesterday about various aspects and it's good to hear how they are working out ways to best move forward and to get some opinions and ideas from the people that have invested and use the product.
I'm sure there'll be a few that somehow see that as a negative and part of this scam theory but to me it's a positive sign coming from a new start up will big plans for the future.
A lot of.. which is encouraging.
contingent upon, and only in the event of, the Company relisting on a recognised investment exchange, calculated at the IPO price per share.
My mistake... more like 23%
That's a positive sign and so far only about 14% share dilution to achieve what has been done so far.
Over the 19th and 20th of February, there were more than 7,000 downloads of the Tally® App 2.0 and customer numbers jumped from the prior base of approximately 1,500 accounts, to over 5,000 within two days. Tally's App also achieved a top 10 ranking of finance apps, between Monzo® and Revolut®. This demonstrated the potential for viral customer growth.
More like 633% in the last 20 :-) https://goldprice.org/
Another interesting observation.
In 2005 the average house, according to the land registry website, sold for £150,633 that was equal to approx 657 ounces of gold at £229 an ounce at the time.
In Feb 2020 the average house sold for £230,332 an increase of £79,669
The value of the 657 ounces in Feb 2020 at £1298.21 an ounce was £852,923
Valhalla
I'm far from an expert on placings and warrants, share dealings etc.. I do know that I bought the majority of my holding at 0.8p though, I don't know if that fits with what your saying or not, I honestly don't know.
True, but I'm not aware of many tech start ups that go to market to raise capital before they have a proven and valuable product to show/sell. I wish this hadn't been delisted after suspension and booted out of the ISA, that’s the main annoyance I have.. But that’s history now and can’t be changed. All I can hope for now is they develop a great product that people want to use and has value which will in turn, raise the value of the company and its shares, then relist at a price above the closing one and go from there.
I appreciate it's opinion, all we can all do is share our opinions, some we agree with some not.. Most are worth hearing though.
I just don’t get the scam angle,
They changed their name from lionsgold to tally because the business changed direction and employed a company to rebrand, so it doesn’t look like a scam?
They buy shares in an already growing business (railsbank) who they are tied to through this project, so it doesn’t look like a scam?
They sell some of those shares at a profit to fund the building of Tally, so it doesn’t look like a scam?
They reserved a ticker so it doesn’t look like a scam?
They employ a couple of people to work in customer service to help those that have started using Tally and to grow a presence on the internet, so it doesn’t look like a scam?
They built V1 to test backend then V2 to improve user experience and allow easier development and onboarding, etc. so it doesn’t look like a scam?
They carried out some test marketing so it doesn’t look like a scam?
They employ a couple more developers to work on the product, to keep improving it and get it to the point where is ready for larger scale take up and crowdfunding, so it doesn’t look like a scam?
They engage with people on social sites, so it doesn’t look like a scam?
They set up a dedicated forum for everyone, so it doesn’t look like a scam?
They have monthly live chat sessions, so it doesn’t look like a scam?
I think they are carrying out such a good scam, if they’re not careful they will accidentally build such
a great business and product that people will actually want to use it and invest in it.
And, as far as I’m aware, Tally didn’t receive any of my money when I invested, I bought on the open
market from someone who sold their shares because they didn’t see the potential in this type of product that I did(yes I know it was going to be a crypto). Maybe they were right and I was wrong, time will tell.
Yea, I understand that.. But what I'm assuming is they would want to relist when it's the right time and the company is rising in value and people are more likely to want a stake, that can only be achieved by having an app that is less buggy, ready to accept users at a larger rate ready for crowdfunding and marketing and has more features, all of which are being worked on. Crowdfunding should create initial buzz, more exposure and user numbers, more revenue making shares more desirable, hence buying on open, not selling.
I doubt the priority right now is to spend a few hundred thousand £'s listing a company with a product that's not ready, just to give a few people the opportunity to sell their shares.
Maybe the people reading this who want to sell should get get one SENSIBLE person to make a note of who wants to sell and how many shares they want to sell, then when you have a figure, approach the company in a professional manner to ask if they are interested in a share buyback at around 1p as its obviously more than currently worth to anyone. This would allow them to then go and get on with their life and would also be good for the company as they'd have less negativity everywhere from these few people.
Who knows what they'd say but if you want out so bad, it can't hurt to ask.
I'm not saying it's not important, anything to do with crowdfunding, relist, share dilution, assets, cash burn, evidence of gold audits, which market they intend to relist in, costs to relist and maintain the listing, revenue forecasts... It is all important. But if everyones focus is on the specific date of relist that can't be answered specifically then it's pointless to keep asking the same question for an hour expecting a different answer or an answer that is wanted, bearing in mind everyone wants a different answer.
I doubt he can or will answer any more specific than he already has several times.
I’m not sure its so helpful to pick a date, I can’t imagine we wouldn’t be listed again before 11 May 2021 but if its easier to deal with a specific date then I’m happy to use that one.
Sooner than 11 May 2021 but let’s say that date @Tallyfanboynumerouno if that’s easier to deal with.
Might be more useful to think of some different questions as well.
People should do whatever they feel they need to but don't for one minute be swayed by rodders/rodson, he is clearly some young lad playing and trying to come across as an intelligent adult, even though he struggles to write coherently, especially when he gets all excited.
Rodders, you haven't hidden your hand in the slightest, it's blatantly obvious what you do and dont have... this sums you up
"club your money in a pool and slap a write on the board of directors"
If you're the big man and now appear to be an expert on writs, why aren't you taking the lead and getting the paperwork together, surely the imaginary person that's studying the posts you were banging on about would be a good place to start? and why are we clubbing our money together, where's your contribution? I'm assuming with all the ranting and screaming over the last 2 years you surely must have already instructed someone with a legal background to do something about this.. Are you man enough to step up?
My guess is, a free half hour initial consultation with a solicitor would result in finding out that at this point, the company is still trading, nothing illegal or fraudulent has happened or can be proved and no one has suffered any financial loss as yet.
Here's a video you might be interested in if you haven't seen it..
https://youtu.be/46iwWOWb-bQ
No, he does not... He answers like a politician and that's not a good thing... Who trusts and believes anything they say.
They are trying to build an alternative currency in his words, an alternative to the fraudulent fractional reserve banking system... Yet how do we know tally aren't fractionalising / Rehypothecating gold.. We currently don't and they currently don't seem to be that bothered about proving otherwise. Trust me, I get your anger and frustration and I continuously have to hold myself back on things I say but this proof thing is really starting to become a huge issue which, if not addressed soon will destroy this company.
I totally understand the feeling but what is done is done, at the end of the day if this folds we get nothing or best case, pennies on the pound. Attempting to destroy the company ourselves by discrediting the company and board is self defeating. The biggest issues right now affecting this going forward is the disregard for providing evidence of the physical gold backing, the longer they brush it aside the more references to it come up in searches and the more people will be made aware of it and avoid the company because if it. The other issue is the stability of the app, the onboarding of new users in greater numbers and there are obviously a few issues with third party software or the integration of it. Once these couple of issues get fixed, assuming they ever do as they seem to be taking a long time, the app will be in a position to have some much needed features added, which they must have ready in the background. Once these are added and given a bit of bug fixing time, there is no reason this can't be crowdfunded which will be the start of the marketing push and road to relist.
Creating pages of negativity and accusations is not helping anyone in anyway, even though we get why and where it's coming from.
I'm not being rude but the old saying, if you've nothing good to say don't say it (on a public board at least) is probably the best thing you can do right now to help ensure you get your money back on this.
Yep, that's the rub!
Best wait until you have enough £ you don't need for a few years or want some form of safe money that you intend to pass on to your kids or whoever, then buy as many as possible in one hit to get the price down. If it flies up you can always forget the kids and sell them to spend yourself ??
I always hold physical gold and silver in sovereigns or Britannias. Easily divisible if you need to sell a few and no CGT. Silver is a pain with the VAT although it is possible to get it now and then VAT free if the vat has been paid, say through a VAT registered company that bought it then de registered and paid the VAT.
Opinion*
I've been in an out of physical since my first Krugerrand in about 2006, for about £340, bought a few up to about £850 then sold them all.. I'm not talking about investing here, I do that as a separate thing.. I hold gold and smaller amount of silver for savings long term, always physical, small storage costs and has worked out well for me. Some investments have made more some less but the gold and silver are my buy and forget savings. Wouldn't touch an ETF etc although I understand why people do, but that's just not how I use the metals, they're not a speculative thing for me, they're a safety thing. Silver is a strange one.. I hold it just incase it closes the ratio at some point, it's too cheap right now not to have some exposure to it for the long term. All my options and nothing more.
My opinion, everyone and every business is screaming for a bailout by the central banks even if they've made hundreds of millions in profit or have been declaring a loss for years to avoid tax. Forget about comparing £ to $ to € to ¥ they are all being destroyed right now and all pegged to the $ they are all being inflated together and all losing value together so FX is irrelevant in the great scheme of things unless you love high risk trading, are in front of a PC 24/7 and feeling lucky. I'm shoving almost every penny into gold and silver and forgetting about it for now. But that's my choice, everyone has their own.