Member Info for ma5k

While *any* progress is nevertheless progress and surely to be welcomed, my wish is that even a tenth of their promises were genuine and sincere.

IMHO they've delivered enough empty words & now need to deliver actual results - come May next year no excuses will be acceptable!

Facebook has nearly 2.5 billion users which is around a third of the entire population of the planet so to assume it is only a certain type of person who uses it seems a mistake... Facebook advertising can be accurately targeted to reach only those who have expressed an interest in the kind of product or service on offer so can be extremely effective... to ignore the reach of this platform could perhaps be folly?

It is what it is... surely best not to suggest 'improvements' as it is used by so few & is a distraction at best... their corporate energy should surely be focused elsewhere?

I'm struggling to find much info on Woodside Corporate Services Limited.

Accounts (Companies House) suggest they might be a bit of a minnow with sharply declining assets but there is very little info on the web.

Has anyone found anything to inspire confidence?

It would be good to see the details of TallyMoney's arrangement with them too - can't understand why this stuff isn't made available to users of the product.

Very poor that folk have had no protection up until November and were not made aware of this.

I 'm not certain but think it likely that *at the point of disposal* any loss here could be used to offset capital gains made elsewhere for tax purposes. So long as shares are held (regardless of if they are zero value) they do not factor in tax calculations.

Like I say, not certain & happy to be corrected.

wadnob . "If one insitute buys here it will be a huge worked order"

Not certain, and please correct me if I'm wrong, but my understanding is that Institutional Investors have very strict criteria that preclude any company that in turn invests in unlisted companies (such as FFWD does) as those shares cannot be easily liquefied???

My own belief is that CP et al are genuine & sincere, they are just lacking in competence and clearly suffer from delusions of grandeur with their pie-in-the-sky ambitions regarding 'seats at the table', world-changing dominance etc.

The suspension and subsequent delisting of Lionsgold were simply the unfortunate consequences of their incompetence and, despite countless broken promises, I have seen nothing to suggest fraud.

In short the only thing they are likely guilty of is believing their own bu115hit!

Surely if it was a success they wouldn't have struggled to meet loan repayments (or arrange alternative finance if necessary)?

Did you say June?
:-O

They need to publish a conversion rate between Lion/Tally weeks & real-time!!!

Forgive me if I'm overthinking this, but surely if they are waiting on legal docs then nothing can actually be in place at the moment as the signing of a contract is always last after all the 'i's & 't's have been sorted???

Guess we'll just have to wait & see what they provide next week.

That would certainly be very welcome!

Agreed Deano - no reason not to share this info if true.

I only just learned of Glint... looking at their website users have had their accounts frozen since September. Unlike Tally where (as far as I understand) the gold is actually retained as the property of Tally and allocated to user's accounts by way of a ledger, Glint customers seem to actually own the physical gold in the vaults (which is what I thought the idea behind Tally was supposed to be before seeing otherwise in their T&C), so it looks like their investments are 'safe' although it's not clear how they actually get this back in practice. In the meantime they seem to be locked in.

TallyMoney need to provide clarity ASAP as past performance sadly determines that just taking CP's word for things simply doesn't cut it.

Not sure if this has already been posted nut apparently Glint have gone into administration.

My impression of Glint was that they were pretty slick & this comes as a surprise to me....Not sure if it's good for Tally (less competition), or bad (similar product failed to achieve commercial success).

Either way, TallyMoney Ltd really ought to be open about the auditors/protection/trustees now if they want consumer confidence in their product. As things stand users of Tally are simply taking it on trust even that any physical gold is purchased on their behalf let alone what would happen if things don't go as planned for the company. Come on CP - this information should be easily accessible in the T&C!

While M board was a place to openly share observations & opinions without the fear of getting 'shot down', this was typically done in a spirit of fun and good humour (something that is largely missing on share-specific boards). As you seem keen to take selected past posts out of context as 'evidence' to be used against me, I'm guessing this is something you struggle to relate to, although you do seem to have mastered sarcasm!
No offence intended & respect to all regardless.

Thanks for the clarification Mikey...

Am I right in thinking your response is focused primarily on 'quantifying the risk' rather than on 'conforming to regulation' as such? ...I have to admit that I do not fully understand the risk or protection that Tally users have myself, but others have quoted bits from the app's faq and stated that there is minimal risk which is hopefully the case... My original response to BrownAdder was simply to highlight that because Tally is in fact unregulated, adherence to regulatory red tape could clearly not be the cause of the prolonged delay in getting things moving here!

BrownAdder -

As far as I'm aware Tally is unregulated.

As for the change from Goldbloc, apart from the new name & now distancing themselves from Crypto, I'm not convinced of any significant difference.

Smoke & mirrors?

It's getting to be a -v--e---r----y---- long time since this was listed, and longer still since suspension trapped folk in..

How many years does it actually take to get something 'new' to market, established & growing healthily?

Glint?

Any sub-contracted professional developer worth their salt could have designed & coded the app to an equally high standard in just a few months (if not weeks) at relatively low cost.

There appears to be no marketing strategy whatsoever.

What's happening is no secret & if a competitor thought it worth jumping in they could have done, or still do, this in no time whatsoever.

Perhaps this will yet come good.... time will surely tell, but just exactly how much time?

It's refreshing to see you post something worthy of consideration/discussion (although I doubt you will get a considered response)!
:-)

Further to fall imho

How's the legal action going?!