Member Info for ma5k

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.

Would these teething problems be acceptable from a bank?

If they want to be a legitimate challenger currency they need more thorough testing pre-release or their repute will soon suffer.

Growing as a private company?

https://www.lse.co.uk/rns/FRR/frontera-resources-frontera-resources-to-grow-as-a-private-company-hmcdgkwxn98et2g.html

One of the key responsibilities of shareholders is to hold the BOD of a company to account.

Thursday's Q&A is an opportunity to be welcomed.

b1gdeano >> "they can then be hung with their words should they keep pulling the rug"

But how may times has that been said, yet they still get away with it?

At what point will they actually be held to account?

You make a strong case for the 'pro' arguments which I respect - I simply believe it might not be wise to dismiss the warning out of hand, but it is for each investor to decide for themselves.

Investor81 "Standard statement which is included by many companies"

On the contrary a statement expressing 'significant doubt over the ability to continue as a going concern' is quite rare. While many companies do include a disclaimer, I have only ever seen the like of this for companies that then went on to fail.

Until Newmont this was a afiling company on the brink of collapse. Apart from a very modest investment (and don't many large & successful companies deliberately make a calculated loss on some 'investments' for tax purposes?), what's changed???

Ignore the warnings?

applegarth - "If Tally was sold, don't investors get a settlement at the last closing price? "

If there were a sale it is most likely that it would be the subsidiary "TallyMoney Ltd" and not the parent Tally Ltd (in which the shares are held) in which case any proceeds would go directly into Tally Ltd's bank account and only benefit shareholders indirectly (any change in NAV due to loss of asset TallyMoney Ltd but gain in cash in bank)... My understanding is that there is nothing to stop the parent company Tally Ltd from then spending any resultant cash however they choose without involving shareholders.

I think you're right Deano - they do seem to be winging it... in fairness this could be understandable with something new & groundbreaking where it's difficult to predict what will be involved, however it seems to also be the case for all aspects of running the business which is quite concerning.

Transparency isn't their strong point but it seems pretty clear they have no idea of timescales and all we can do is wait & see.

...& who knows what their other commitments are???

It does seem strange that top ups are processed manually - this system would clearly fall over very quickly with an increase in user numbers... I can't understand why automation was not inbuilt from the outset - that's what programming is for!

I guess all that can be done is to cut them yet more slack but it really needs sorting in v2 - NO EXCUSES!!

(but I wouldn't want to give the impression I don't entirely trust them!!)

;-)

Deano - do you get the impression it's just a matter of when they get around to it or do you suspect they are buying the gold themselves in the dips and then selling it on to Tally subscribers when it rises?

Had the consortium gone on to make a quick & easy fortune after last year's rescue deal then shareholder anger would be understandable, however the fact that they've failed to come out of it well surely only supports the argument that what was considered by some to be a low valuation was in fact very fair considering the poor health of Flybe?

Slugmum2000 "if there was a private buyout... they'd have to buy out the shareholders too"

If there was a buy out it would almost certainly be for the subsidiary TallyMoney Ltd... The parent company Tally Ltd would receive the cash but not shareholders directly as their shares are in Tally Ltd not TallyMoney Ltd...

I guess in the worst case scenario Tally Ltd could one day be stripped of all assets leaving shareholders with nothing but a worthless shell. Forgive me for being cynical, but if one considered that Parry has contempt for shareholders then things might perhaps have been structured this way intentionally?

Both Badboy77 and applegarth recently posted long after midnight and way before day break very close together without acknowledging each other - not related are you?!
:-)

It was actually Goldbloc Ltd (previously TRAC Technology Ltd) that changed its name to TallyMoney Ltd

Lionsgold changed its name to Tally Ltd

As Goldbloc Ltd was a wholy owned subsidiary of Lionsgold, it seems reasonable to assume that TallyMoney Ltd has the same status within Tally Ltd.

Clear as mud.

Lionsgold has changed its name to TalltMoney Ltd but no new company has been formed and it remains the same legal entity.

"I on the other hand know for a fact it will re-list"

You might want to check your 'facts'.

While we'd all like to see this re-list, to describe the event as anything more than a *possibility* is quite simply fanciful... How many de-listed companies ever make it back to the market?

They will need to demonstrate measurable material success to generate the considerable interest needed for a successful IPO and the more time that passes the less likely that will be.