Member Info for b1gdeano

I must admit, a few days ago I said I never really understood the concept, why it would be used etc.

After this i still can't see why you would want to spend it instead of save it as investment.

I can see how tally will be great for buying all sorts of commodites with ease, and a good investment platform for this, but the debit card bit? Not sure.

I feel that if they create regular bank accounts, like starling have, but allow you to buy tally in various commodities along side your regular account, they could be onto a winner.

So basically offer bank accounts with all their trappings, direct debits etc AND allow tally to invest money, and that is an idea I can understand and get behind.

Think there is a couple pence charge to withdraw too. Had to do it in three tranches as kept saying insufficient funds to transfer money out. Had to try less than it said I had until it was all withdrawn. Seem to cost a couple pence a go.

100% needs costs in the app. Couldn't find any anywhere.

Like you say wait and see when launched. But they need to advise of the costs of using the service.

At that level of fee though they won't get many takers I wouldn't think.

No idea. Didn't warn or anything about the cost.

Just my balance was £5 lower than the amount spent should have made it.

Can only think it's a hidden spread.

Well I just made a purchase via tally.

It worked. But it was pricey!

Seemed to be a £5 transaction fee for paying £26!

Took rest of my money out again. Far too expensive to use as currency at those rates. Would need a huge amount invested and a big positive movement in gold to warrant those fees per times using card.

At most it seems an easy way of buying gold and holding it. Not so much using it.

It's gone!

I cant find it in the play store on my phone anymore.

Anyone else?

Asked the same thing the other day WY.

Don't think anyone knows for sure.

Doh! That was meant to say CTAG different to Lion.

Agreed that Lion is/was different to Lion.

Only similarity was a silver tongue CEO. "in Amit we trust" they said. Went well for them.

Hopefully they can improve that once it's rolled out properly.

Should be using faster payments really for instant clearing, especially when your trying to buy a volatile commodity!

Still give them credit they will sort it, still very early days for it. Only transferred a small sum of £100 to test the waters.

Does anyone know if the amount they hold of your money is protected in a similar way to how savings are in banks? Would be wary of holding large sums if not.

Set my account up and transferred some money to it. Will try paying for something once they arrive, but it's not using faster payments it seems.

Any idea how long it takes to clear?

Was it ever said you could use the app for purchases? I thought it was just via the card and bank transfers etc?

Not sure it was supposed to work like Android/apple pay?

The app was just for managing the account like any banking app?

That says corporate advisor. Not Nomad.

Whichever way you want to spin it you were wrong. There is no nomad. There is no regulations to fall foul due to being unlisted. BigMJs tweets and posts are his opinions and are not sanctioned by the company, and he has no fear or disclosing anything as the company is not listed.

DYOR.

Exactly bigbench. Glad Bigmj does bother to post what he does.

But it isn't official, nor sanctioned. No regulations to worry about.

Smugonnews has it wrong. Surprising?

No, your wrong. Read the latest RNS. The annual results one. Not Nomad anymore. You only need a nomad when listed on AIM.

Also no regulations to adhere to.

Stop spreading misinformation ;-)

What regulatory sanctions?

Lion is no longer a listed company. It is not bound by any rules of disclosure. We have been over this. Also there is no nomad anymore, because we are not listed!

Your wrong.

If the company just change the name to Tally, then our shares "should" be intact and as they were in Lion.

If the company spins tallymoney ltd out of Lion and IPOs that, then we will get screwed over. I'm not counting my chickens until the IPO is done and we see what the deal is.

Woody - blimey Mr negative. Where was all that when you were calling me out for being a troll prior to delisting? Lol. Reality bites a bit? And just as things are looking up a bit too.

I can still see it on Google Play on my phone?

Still shows when searched for?

Can't disagree bigbench. Some big investment from outside the world of PIs would be great to see.

Timetable showed marketing to start in March? Once that comes hopefully it will snowball and build momentum!

Just hope that admission document turns up before April and we could just perhaps make some money out of this whole debacle?

Because industry people profit from him.

Don't care how well thought of he is inside industry circles, his attitude towards PIs has been shocking. Could he not have put out and update to say that the app has entered testing and canine publicly downloaded? What about an email update for those who registered on tallymoney website?

Sorry but still a Long way to go yet until his reputation is improved with PIs.