RE: All looking good28 Apr 2020 23:19
To be in a position where the product is functioning really well, scalable and we just need funding for marketing is not bad. I agree they could do with more cash in bank. Shares dilution is fine by me if it is necessary for development and the shares are in sticky hands (they are currently being director issues) . Remember, this should not be compared to other banking institutions , Tally is a full reserve money (not fractional reserve) so Tally Ltd don't need to hold funds as client money is not at risk (it's backed by gold). Fundamentally Tally could reduce costs dramatically now that the product is functioning but it's not the time to do that. It's time to get a substantial marketing campain on the go, build numbers, spread the word and the demonstrate those numbers in an IPO (standard listing is the current preference from what I have been told). Happy to wait. Would be nice to see some of you on the Tally shareholder QA on Thursday with more constructive questions than "when are we going to re-list?" which reminds me of the scenario where kids in the back of the car saying "are we there yet? are we there yet?" "NO. But you are doing a good job of helping dad crash the car!"