Lionsgold Share Discussion Threads

[timeforchange1] 01/10/2020 20:50

RNS

(“TALLY" or the "Company")
Activities & Objectives 2020 - end of Q3 Update
30 September 2020
TALLY LTD, the money and banking innovator and digital Non-Bank Financial Institution (“NBFI”) that
developed the full-reserve banking platform that provides individual bank accounts denominated in a
physical asset money, Tally®, is pleased to update shareholders about the Company’s activities and
objectives.
Tally® sits outside of the traditional global banking network, while seamlessly operating with its global
infrastructure. Tally is protected from inflation and bank risk and insulated from economic effects
associated with the fiat currency fractional-reserve banking system. Tally is a new category of money
(not government fiat currency and not a cryptocurrency) that customers save, spend and send
instantly using their bank account via the Tally smartphone app and Tally debit Mastercard®.
Cameron Parry, Chief Executive Officer, commented: “We believe people deserve to use a bank
account with money designed to hold its value, and that remains in their control. This is fundamental
to individual financial wellbeing and promotes savings and productivity in society.
“Following a period of platform redesign and tech development, in August we were able to focus on
new customers once again, as well as continuing to enhance the user experience for those customers
already enjoying the protections and other benefits of their Tally account. This has seen customer
numbers grow through 7,000 at the end of this quarter. There has also been consistent growth in the
number of people following Tally on social media.
“Q3 has been an exciting quarter for future development. We continued work on Tally savings “safes”
but potentially more impactful to the consumer market, we developed a new fixed-rate fixed-term
deposit and have formulated the mechanism to deliver a market-leading return to customers. We plan
to move both easy access and fixed-term “safes” into beta testing next quarter. We also began scoping
Tally’s Application Programming Interface (API) to enable B2B customers to ultimately gain access to
the Tally currency through our API.
“During last quarter we became aware of the part sale of an investment asset that was likely to be
concluded in the short term and therefore, mindful of unnecessary dilution, we have completed a
private capital raising round at 2p per share to bring in £300,000 at this juncture. Whilst it is restricted
to professional and/or sophisticated investors, should any shareholders wish to discuss qualifying and
participating in the current 2p round, please email [e-mail]
“We plan to conduct a larger capital raise, which is to include a crowdfunding component with
crowdfunding platform SEEDRS, around the end of the year. We are also in discussions with SEEDRS
regarding using their platform to provide a private secondary market for Tally shares post the
crowdfunding close, in the interim period prior to the Company’s IPO.
Whilst Tally has overcome its own challenges this year, we know that it has been a particularly
challenging year for people around the world due to COVID-19 and our thoughts are with those who
have been the worst affected. In these uncertain economic times, with interest rates at near zero for
savers, and rapid inflation of the fiat money supply through uncapped quantitative easing, we remain
committed to delivering a better choice of money for the mainstream public to hold in their bank
account. “
Tally® priced in GBP at time of this announcement:
o 1 Tally® = 4.71 pence (i.e. t1 = £0.0471)
o Approx. 21 Tally® = 1 GBP (i.e. t21 = £1.00)
o As at 30 June 2020 announcement, 1 Tally® = 4.63 pence (approx. 22 Tally® = £1)
o As at 31 March 2020 announcement, 1 Tally® = 4.21 pence (approx. 24 Tally® = £1)
o As at 02 January 2020 announcement, 1 Tally® = 3.71 pence (approx. 27 Tally® = £1)
o As at 25 November 2019 announcement, 1 Tally® = 3.67 pence (approx. 27 Tally® = £1)
o As at 02 September 2019 announcement, 1 Tally® = 4 pence (approx. 25 Tally® = £1)
o As at 10 June 2019, the initial release date, 1 Tally® = 3.33 pence (approx. 30 Tally® =£1)
Product and Operational Development
• Following Tally’s tech development team being restructured in March, Tally’s next generation
banking platform was built in the second quarter of 2020. After rigorous testing the new
platform went live on the 1st of June, but it turned out one of the tech provider’s test
environments didn’t replicate their live environment, creating bugs in the App and disruption
to customers’ user experience. Through June and July, additional work was undertaken to
resolve the situation and during Q3 the team finished off the migration of legacy transactions
with merchant data and the implementation of a data layer.
• During Q3 Tally continued to develop its product and platform roadmap and designed a fixedrate fixed-term savings account, along with the mechanisms necessary to deliver a marketleading rate of return for UK bank account depositors.
• Tally also started work on the design of its own API to enable integration and use of the Tally
monetary system by other companies and platforms providing financial services.
Ongoing Business Activities
• Completing the current capital raising round at 2p per share and preparing a pre-IPO funding
round combining a crowdfunding element, in line with the Company’s objective of having its
shares listed and trading again on a recognised stock exchange.
• Continuing to grow customer numbers and awareness through social media channels.
• Structuring organisational and team growth.
• Expanding Tally’s product range and platform capabilities.
• Regulatory and legal due diligence around the release of Tally in other jurisdiction(s).
• Commencing work on the Company’s audited accounts for the full financial year ending 30
June 2020.
Capital Raising Initiatives, TVR & PDMR:
• Tally conducted an equity investment round that has raised to date over £300,000 @ 2p per
share, of which the Tally board has subscribed £20,000.
• Each new ordinary share has a one-for-one attaching warrant that is exercisable at 2x the
Company’s (to be determined) IPO share price for a term of three years from the Company’s
(to be determined) IPO date (“IPO 2x Warrants”).
• At time of writing 11,000,000 new ordinary shares have been issued in respect of the current
equity funding round.
• In accordance with the provision of the Disclosure Guidance and Transparency Rules of the
FCA, the issued ordinary share capital of Tally Ltd including the issue of the 11,000,000 new
ordinary shares is 643,307,781 Ordinary Shares with voting rights attached (one vote per
share). There are no shares held in treasury.
• Following completion of this funding round, Tally plans to next inject equity capital through a
pre-IPO equity funding round, incorporating a crowdfunding campaign to increase brand and
product awareness, and add new customers.
• Tally continues to assess opportunities to sell its investments, in part or in whole, to inject
additional capital. Progress is being made on all three of Tally’s investment assets, being its
interests in gold exploration in India and Finland and its shares in a Banking as a Service
technology company. Upon the next completion of an asset sale, the Company will notify
shareholders and provide an update on the remaining investment assets.
For further information or if shareholders have any queries, please contact our office via
[e-mail]
Enquiries:
Cameron Parry (Chief Executive Officer) Tel: [phone]
[e-mail] www.tallymoney.com
About TALLY
• TALLY is the innovator of Tally® - a full-reserve banking platform and physical asset money
designed by the private sector, that operates seamlessly with the government fiat currency
and fractional-reserve banking system.
• Each unit of Tally® is one milligram of LBMA-accredited gold vaulted in Switzerland on behalf
of the customer and utilised by the customer via their individually issued banking account and
contactless debit card.
• Tally® is not a fiat currency and Tally® is not a cryptocurrency.
• The Tally® banking platform connects physical asset ownership to the global banking system
and enables instant liquidity to save, spend and send the physical asset money.
• TALLY’s wholly owned UK subsidiary company, TallyMoney Ltd, is a recognised E-Money
Directive Agent (FCA Ref. No. 902059) under Financial Conduct Authority-licensed E-Money
Institution, PayrNet Limited (FCA Ref No. 900594).
• The Tally® banking App is available on iPhone and Android by searching TallyMoney on the
Apple App Store or Google Play Store.
• TALLY also currently has significant investment ownership in financial technology company
Railsbank Technology Ltd, leading India gold exploration company Geomysore Services India
Pte Ltd and Finland gold exploration joint venture company Kalevala Gold Oy.

[timeforchange1] 01/10/2020 20:48

lolololololololololololololol Parry fiddles and the puppets jump.

Do you believe the face of this man scameron look what he has to say in the RNS SLIGHTLY ABRIDGED.

SCameron Parry, Chief Executive Officer, commented: “We believe people deserve to use money designed to hold its value, and that remains in their control.

This is fundamental to individual financial wellbeing and promotes savings and productivity in society.

WELL GUYS AN INVESTMENT IN LlONSGOLD CERTAINLY TOOK YOUR MONEY RIGHT OUT OF YOUR CONTROL

[cmackay] 01/10/2020 18:00

I've just had a look at the rns on the London Stock Exchange website. An investment that I had long since written off as lost may be in some way redeemable in the future. Fair enough.

[brasso3] 01/10/2020 10:21

Proactive
@proactive_UK
·
2h
$TALLYM Tally focuses on customer numbers growth as it prepares its IPO [...] via
@proactive_UK

@tallymoney
#TALLYM

[timeforchange1] 30/9/2020 21:31

good to see Parry's puppets still dancing when he pulls their strings!



lolololololololololo

[uknighted] 30/9/2020 20:55

From this evening’s RNS:

“ Ongoing Business Activities

·Completing the current capital raising round at 2p per share and preparing a pre-IPO funding round combining a crowdfunding element, in line with the Company's objective of having its shares listed and trading again on a recognised stock exchange.”

....on A recognised stock exchange!??

[ciminna] 30/9/2020 18:12

Where did you find this info? RNS?

[sixpintsid] 30/9/2020 18:02

It went out at 2.65. They have just done / doing a raise of £300K at 2p

[birchin] 30/9/2020 17:55

That's the value of one Tally ! Not the share price !!

[enewman36] 30/9/2020 17:39

So 4.71p, can't remember what the share price was when they were suspended years ago

[enewman36] 30/9/2020 17:37

Just seen tonight's RNS, there will be an IPO next year, looks like we will finally be able to do something with these shares. Current ap value is .0471.

[timeforchange1] 29/9/2020 10:46

you can say what you like behind a key board. I will be in town next week if you want to prove some points!

Remember it was me that stopped Parry in his tracks and possibly saved shareholders their money.


ASK PARRY LOLOLOLOLOLOLOL

[risa5] 28/9/2020 21:05

All mouth and no trousers and no money as lost them all on Lionsjunk, rodson is all bark and no bite. LOL

[timeforchange1] 28/9/2020 18:39

YOU COULD NOT BACK ME INTO A CORNER IF I HAD NO LEGS.....WITH CAPSX ON!

ITS ME THAT HAS WOKEN YOU MUGS UP TO SCAMERON....and that is undeniable!


He would have been long gone by now....but now he has nowhere to run as they are waiting for him in OZ

[birchin] 28/9/2020 15:43

Typical rodson when backed into a corner the cap locks come on. Is that all you have?

You are nothing but a bitter and twisted old hag. LOL

[timeforchange1] 28/9/2020 10:54

THE NAME OF THE GAME IS KEEPING A CROOKED PARRY IN CHECK OR HAD YOU ALL FORGOTTEN THAT!

IT DOES NOT MATTER WHAT COLOR MY KNICKERS ARE!

[timeforchange1] 27/9/2020 21:12

LOLOLOLOLOLOLOLO WRONG AGAIN B IRGIN.........YOU WILL NEVER KNOW SO KEEP GUESSING

LOLOLOLOLOLOLO IS IT DELUSIONAL TO GET THE TRUTH ON TABLE OR DO YOU PREFER CROOKS LIKE PARRY? LOLOLOLO


SEEMS LIKE MAKING THREATS AGAINST PARRY IS HIGHLY ACCEPTABLE THESE DAYS EVERYONE IS AT IT EXCEPT ME.

I HAVE NO NEED FOR LOW LIFE THREATS AS THERE IS A CONTINGENCY PLAN READY AND WAITING.

These day thx to our efforts scamming Mr Parry has little option but to stick to his word.

did you know that there are relatives of those scammed by Parry IN OZ OVER HIS FAKE ASTHMA PILLS.........ready to lynch him! CHECK IT OUT!

[uknighted] 26/9/2020 21:40

Just saying - Rodsons last post was 27/01/20, Timeforchange a member since 28/01/20.

[birchin] 26/9/2020 21:39

risa5,

please don’t be fooled by timeforchange1 as he or she is 1rodson also went under the name of rodders on LSE did have an account on twitter as 1englishrose10 but has since been closed down for vile treats toward CP

This person has delusions of grandeur and is self appointed key board warrior. All mouth and no trousers.

[timeforchange1] 26/9/2020 20:11

yes right on...so many believed Parry as I did.

Rodson was the first to wise up and and have the balls to say so. In fact look back and you will see where he admits that Parry had him fooled

Conmen like Parry are good at what they do.

Rodson has proven even better as he has now brought Parry to heel and made everyone aware of the potential scam and made Parry work at making Talley work.

Only fools stay fooled!