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I don't believe the original suspension was manufactured and think they were genuinely caught out. Why they didn't then simply get their ship in order before delisting is a mystery. If they had wanted to, or been able to, I'm sure that it would have been far easier and more cost-effective than ultimately trying to re-list further down the road. I don't believe they have been transparent, but I really don't think they've tried to rip shareholders off.
When you buy shares it is not the company that gets your money, it's the Market Makers who sell them to you (and even they have to have bought them previously so 'only' get to pocket the profit - typically the spread)... The only times a company gets the proceeds is following the issue of new shares (IPO, placing, warrants etc).
Although the value of shares here is locked away, as far as I can see CP has no access to that value so it seems unlikely that it is an incentive for not re-listing.
Deluded? - almost certainly (endless grandiose claims etc)
Incompetent? - sure looks that way (constantly failing to meet deadlines etc)
Contempt for shareholders? - sadly so it would seem (lack of transparency etc)
But an out & out crook? - I'm really not convinced!
ninjamagic >> "like getting 3 sevens in a row on a fruit machine"
...and about as likely?!!
:-)
Does anyone honestly believe an actual piece of physical gold is added to a pile every time anyone tops up or a little piece chiselled off every time someone buys a pint of milk?
More likely they buy when the price is low & simply allocate a slice of the overall pie at the prevailing rate whenever there are transactions. As to holding enough to cover it all at all times I would very much hope they do, but then we were assured of insurance protection before it actually existed and still don't' know what's hidden in the small print.
One things for sure - they would be bankrupt if dealing in transparency!
What does this actually mean?
All out of date charts now removed from server.
I'm confident I have contributed with integrity and do not intend to respond to your clear attempts to goad me. When a person resorts to petty personal insults they have lost not only the argument but, more importantly, their self-respect.
End of.
You have on a number of occasions, both here and elsewhere, expressed a dislike for my posting style. I simply post things as I see them & certainly have no wish to cause offence so, as my posts clearly upset you, perhaps I might respectfully suggest that you simply filter me?
Best regards
Slugmum2000 >> "Crowdfunding can’t be far away now"
How long is a piece of string?
Slugmum2000 >> "for a financially regulated product"
It's not regulated!
(TallyMoney Ltd is named as an EMD Agent on the licence of a separate company - PayrNet - only for the purpose of electronic money transfers. Even this is only notified to and recorded by the FCA and not in any way approved by them).
Personally I think they'd have had more interest & success if they'd stayed as Lionsgold (which I think sounds quite prestigious) and simply offered the means to buy gold through an app and spend it with Mastercard.
I agree with you entirely Deano - folk want stability in their day to day finances and are highly unlikely to convert to something with volatility for their day to day, however the Tally product is genuinely innovative and as a means to simply & cost-effectively invest in gold it's very attractive.
There is a market there for sure even if only niche... as to whether they can successfully tap it is another matter entirely.
Don't want to crush hopes but even if they had the inclination for a share buy back, which seems highly unlikely, how on earth could they possibly fund it?
...and if they ever do find themselves in a position where there is spare money floating around it seems likely that they'd rather choose to spend it on a slice of a mate's never-made-a-profit business instead.
Sorry to be so cynical but history is history & there's sadly very little to inspire confidence.
Thanks for the reassurance bigmj however, with respect, it is meaningless if the issues of concern are not directly addressed.
Transparency instils trust.
While I don't believe they've set out to rip shareholders off it does seem likely that they put their own interests above those of investors and I suspect they've retained The Real Asset Co as a separate company so that if all goes t!ts up Ralph somehow won't lose his baby (I'm guessing the IP is held in that company).
But who knows - we certainly don't!
I'm not certain deano but as far as I could make out (from Companies House filings), TallyMoney Ltd (previously TRAC Technology & renamed Goldbloc Ltd in the interim, who were bought outright by Lionsgold, now Tally Ltd) have a "more than 75% interest" in The Real Asset Co so they, and thus Tally Ltd, effectively own it... I think 75% is just the stipulation threshold for the notification filing at Companies House and it is actually 100% (but can't remember where I read that).
https://tinyurl.com/rl8vzlg
Clear as mud as per usual.
I've read them both - not exactly crystal clear hence the speculation.
In the absence of clarity all any of us can do is guess.
Presumably the reason they couldn't come out of suspension and were forced to delist is still applicable?
This was reported to us as because the TRAC acquisition should have been done as a RTO... just thinking outloud but perhaps the reason for this rule being in place is to protect shareholders from a company structure that would undermine the security of their investment (eg primary business/assets in a subsidiary in which investors do not directly hold shares)... If this were the case then the current Tally Ltd/TallyMoney Ltd structure might fail to meet such listing requirements & be the stumbling block to a straightforward relist???
Who knows but continual delays with no real justification suggest something more than them just chasing their tails... They're not being upfront & we can only guess why.
I'm convinced that they *want* to be listed but for some reason, which they are not prepared to admit to, they can't... it might be satisfying listing red tape, financing or something else entirely - only they know.
Hopefully this is only temporary and at some point they will be able to sort it but in the meantime I am convinced they don't know how to so simply bull5hit investors.
If they had a credible plan it would cost nothing to share it.
It is not uncommon for a share price to become rapidly inflated due to over-enthusiasm from investors. When this occurs the share price will typically then recover (reduce) to the underlying growth trend over time. It is understandable for many investors to still view the previously over-inflated share price as 'the norm' and struggle to adjust their expectations to the post-bubble reality - often with cries of foul play.
Technical analysis of BMN trading data suggests that the underlying growth trend (which is still rising) will reach approximately 12.5p by the end of this year which should coincide with the current corrective downtrend should it continue.
Those with a 'top of the bubble' orientated perspective will inevitably see this as a massive fall in the share-price whereas a more pragmatic approach might appreciate a more than eight-fold increase in little over four years.
Perspective.
At this stage they've already used more than a lifetime's worth of slack.