Member Info for BrownAdder

Sorry in advance if I am going fast missing points or not being co-herent. I'll do my best.

People working in grown economies send money back home,
Very old normal practice and will continue.

How do they send money ?
Banks -
Western Union / Pay pal etc.

How much they pay for their service ?
Banks - more expensive - £10 average depends on bank.
Western Union - just a bit less expensive than banks.

Customer lose £10 straight away as fee
But customers also lose the "spread"

Banks and Western Unions become market makers and never give market Forex rate.

All Goldbloc has to do
let people open an account.
Transfer money in gold terms using MasterCard

Goldbloc can either change a fiver for any transaction.
or charge nothing and build the fee in the spread offered.

sellonnews

"The same scenario would apply unless the customer had the ability to lend some or all of that gold to others. This would be possible with full-reserve banking. For a fee, Goldbloc could advertise borrowers' requirements/terms to the customer who could then decide on what action to take. For example, if the borrower were to offer a 4%pa return, the customer could decide to lend 100 grams of gold in return for 104 grams after 12 months - the upside is that the customer would not lose on any increase in the value of gold over that period."

This is the only reason why I put the money in Lionsgold.
This , if it goes ahead as goldbloc or any name doesnt matter.

Could wipe out paypal, western-union and all other inward remittance service providers.

Global Inward Remittance is 60 Billion USD Market.
60 Billion USD Market

Now I know what you and I are thinking
How about just a percentage of 60 Billion USD Market.

Well, here is goes...
It will be at least 50% of that market Goldbloc can get.

Why ?

The global flow of inward remittance happens from Western Mature First World Economies
to many developing or under-developed countries including

INDIA
NIGERIA
CHINA
PAKISTAN

What these countries also have in common ?

Thirst for gold
Insatiable thirst
In economic terms this thirst equates to inexplicable greed and or addiction.

So we gotta make sure that goldbloc goes ahead
not only that
We are part of it.

Goldbloc can give you and I millions in a few years

Youre bang on,
When I did calculations
It would be much simpler for LION to be market maker.
Let me expand.

Cost of holding plus regs will kill our profit cause its too extensive
However if LION has a contract with an existing supplier
All we do is pay their fee
With discount as we will be getting customers
Plus nothing to stop us from selligng actual physical gold to customers

Which is where LION need a big gold seller
which can keep our ledger

This is also where we just dont need money
We need money from Gold Sector

This is achievable
World Gold council is launching their e-gold sort pf thing
Kitco has already launched

Next boom cycle belongs to commodities - Equities are out for few years.

Problem ?
USD

But since Goldbloc can be bought in fraction
Mitigates a lot for common customer

But still leaves us with huge initial cost.
It could be met

Loan
Buy-Out
Asking existing share holders
Powerful tool that is crowd funding

Since Lion has greater need for money
Loans etc will be expensive.

And Equity is disappearing fast.
Plus big players can replicate our model with much less fuss.

Come 12 Nov / AGM
I expect clarity

Hey
No need to apologise, internet is a strange place things get lost in typing all the time. Besides I am not best in communicating which I am working on. Lets stay strong tpgether

All the folks in here, all the recent news and fine combing. Thanks all.

Sorry couldnt name individually been stuck in few other things in life, hope to join more detailed discussion soon

yes that Archangel, normally goes by the name of Bono

sellonnews

I never disgreed with you on any occasion, not in my recollection.

My concern is not for my million shares thats neither here nor there, thats a very small amount.
My concern is not being aware of Goldbloc which to my estimate could be at least over 10 Bn USD in few years.
10Bn USD justifies fighting for

It means that a lot has changed in their understanding, for which more resources needed - returning back now would be costly and disruptive to "business plan".

That business plan bit is the errrrrr bit.
errrrrrr what is this business plan ?
errrrrrr wheres goldbloc
errrrrrr are we being bought out ?

Definitely a waste of time.

I bet if you were incharge this wouldnt have happened.
I bet you would have never allowed inefficient such things to happen.

Its not you I am distrusting.
Nothing personal to you.

Yes some evidence - things are moving

positives here are

1. Govt. is behind the project. willing to throw money if needed.
2. Govt. is / already removing / removed all bureaucratic non-sense
3. Govt. is facilitating any and all options for this to go ahead.
4. Chinese investors and machinery etc are already in Pakistan.
5. We are seeing more investment coming in

but I would still advise caution
UNTIL
all the money is raised for January onwards.
and duly confirmed through RNS

wouldnt surprise me if its launched again in PSX to raise more money.
then it would be on fire burning hot

NO BUY YET

lack of news is consistently bad for last 2 years
so that on its own does not make things worse

things have progressed hugely in 2 years
with no so many news updates until last moment

then I have to think
with all the work going on in the background

how, when and why spend 2 hours dictating proof reading RNS letters and getting them pass the legal team ?

Pineapple288

Good point Pineapple. That bit is clear only we dont know who these so called warrants are coming from - reality is neither do you.

These are group of friends or acquaintances.

A new entity investing in LION has not been seen - thats again something you or I can neither confirm or deny.

Bigger point is share holders are not having doubts.
Board Members have created these doubts.

Then there's a question;
You can risk losing your money - its your money, not for me to decide.
But how can you alone guarantee others who have "possibly" invested more than you have ?

If someone had to take your word for it, they would have done it long time ago.

You and I and others on here, no one has any answers
Its not us
Its the board that has to give the answers.

sellonnews

I really dont know who you are - even if you feel the need to get overly frank with strangers on a free-to-use message board.

Pro-Bono Law group,
one amongst many

https://www.lawworks.org.uk/

sellonnews

with respect but I wasnt talking to you.
if you think am talking rubbish, kindly ignore me / filter me or report me to admin.
for everything else there is google.
thanks.

AIM_Chaos if you get time, please do answer my question. Thanks in advance.

sellonnews
google

AIM_Chaos

All agreed
Now could I seek some advice from you.

How far a business can go if its not open and honest to its holders
Given that we are the only customers LIONGOLD have to date.

I dont think trust is just handed over the plate.
Specially after giving our money, trust should be earned.

I am sorry but your post made no sense otherwise.
No trust, no customers, no sales, no revenue, NO PROFIT

yes and by then it would be too late.

also its not share holders who have created these doubts

if you create fuss now then they can settle them with a new RNS or AGM.

The court ruled that Porsche failed to inform its investors in a timely manner.

Well I agree with all of you

I never cared how many stupid mistakes Lion or CP would make in their way as thats how business world is but try to fool me and others on here, I am sure no one would stand up for that.

I still think we can create a lot of noise even before anything has been done.

Here's a start
https://twitter.com/LionsgoldS

Happy to change to everyone's preference
but lets just stand together on one point.

Bigbench

I would argue, CP and others can get into huge trouble if we collate all non-sense on Twitter, We can easily get a Pro-Bono Lawyer - I aim to forward all this to Even Davies (BBC News Night and Money programme) he has always spoke of Casino nature of AIM.

My end game is not to cause problem to LION
I want them to come clean and square.