RE: I feel14 Feb 2020 10:34
From the exchanges I have had with CP via email and over the phone IMO this isn't coming back to market anytime soon....certainly not this year....and yet another deadline will be missed....the company was de-listed through incompetence and non compliance as we all know....as far as having "skin in the game" that is just a myth....any monies that were put in have been well and truly covered as the insiders took placings at 0.8p and have totally de-risked with a free ride moving forward....they have more than covered themselves on all fronts....CP is also taking £175k a year out of what's left and shareholders diluted time and time again.....even looking at the cost of having a Tally account the rates are ridiculous to have your money tied up...
"This is 0.1% of your average monthly holdings or 0.05% if you have over half a million Tally, to cover storage, security, insurance and operational costs."
So having £10,000 average worth of Tally in your account will cost you £100.00 a month = £1200.00 a year
It's a ridiculous amount of money to pay for a relatively small amount of money.....my business account costs me £6.00 a month and if I wanted to change you can get 2 years free business banking with some banks.....what was worrying was the reply I got to an email from CP which I would suggest only a complete narcissist would say.....
"First of all you money 'hasn't gone missing'. No one is stealing your money at Tally. There is nothing illegal going on. We're trying to build a business to become sustainable and support a listing, that ultimately we hope will prove to be very valuable (and liquid!) for all shareholders. And continue to grow from there."
"You make your own investment decisions for your own purposes. An investment is never a guarantee, particularly in the speculative end of the market. I'm the founder/inaugural CEO of Metal Tiger (12x share price uplift in 2 years), co-founder and inaugural executive chairman of Coinsilium (2.7x uplift within 2 years) and founder and CEO of Lionsgold (6x uplift in 18 months). That doesn't guarantee we can achieve that with Tally. But that's my track record - making shareholders money."
"I hope you end up making a great return out of your decision to buy Lionsgold (now named Tally) shares. It is my duty to try and achieve that for all shareholders. I have a track record of building sustainable successful companies from scratch. It doesn't guarantee future performance of course. But that's my pattern of behaviour"
My point is that yes we invest and its OUR decision to do this but CP is the one who got the company de-listed through complete incompetence on his part.....and that was due to non compliance which shareholders do not have any control over.
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