Member Info for djwall1s

Fc, I think there's a product but if you want to be pedantic and cynical that's fine, I understand, it's AIM. However, you don't apply for trademarks and get involved with other agencies if there's nothing there. We know we're usung Railsbanks coding and as to the platform/s it'll take, things should become clearer as time moves on.

As far as the Twitter site goes Tallymoney is not officially off to the races yet so why would Railsbank link a newly-created site just yet? There's plenty of time, we've only just had the name change and news.

What's the point of asking people who've already lost money to throw a further £70+ per annum to be told 'MYSQ is a POS' Or that company is a 'POS'.

I think these folks have enough on their plate atm without further rubbing salt in their wounds. Their priority should be to try and get their money back here.

AIM is a tough lesson to learn and I've been there myself. I'm just not sure what Tom ranting away is going to achieve for people who are already upset and where most things are going to seem like gloating.

Sorry to go off topic but for any Hargreaves Lansdown holders can anyone confirm if they've stopped allowing you to place multiple sell orders on your shares?

I tried twice yesterday and it would only let me set the one and then kept bringing up a message saying I was already covered for the amount I'd set. It seems a bit draconian/po-faced to me, limiting you to one sell order at a time. Has anyone else encountered this?

I am still smarting a bit over this year's comms and it does trouble me that CP seems to release last-minute, somewhat rushed (and at times poorly spell-checked) RNSs - BUT, despite this, the content of the last 3 RNSs is rock solid. There's no denying there's a product there and mechanisms now in place to release it when the time comes.

I think this issues of comms/rushed nature of them at the wire does need raising (politely) at the shareholder meeting/s in December, However, I feel really buoyed by the progress here. There is a viable product and the company have indeed been working hard behind the scenes, as many of us thought. I thank them for that. I feel as if Tallymoney, for all its quirky name (which I personally like) could be a real success if marketed thoroughly. I liked the mining updates which showed good progress, one in a difficult and contentious area and the other which did exactly what they said on the tin at the start of the year - right down to the pouring. Now we have discussions taking place next week on a small mining ops for 2019, again a positive.

I'm heartened by bigmj being onboard. He seems thoroughly decent and he believes in the project, placing his own money into it. And it'll never not be a good thing that CP is on the Railsbank BoD and we have their continued support. It's been a shaky start and a frustrating year for investors -and there's still a way to go - but there appears to be daylight at the end of the tunnel for the first time.

Hopefully there'll be a build up to the Tmoney release in the new year and this is another question we can put to CP. What are the marketing plans leading up to this?

I hope everyone is at least feeling more positive now. Have a good weekend all.

We'll know when we have a functioning product on its public release.

They could take it anywhere, in theory.

"chris137, the gold is not held by a bank but in secure insured vaults and therefore the £85,000 limit is not applicable."

It would be if you could had a cash-only facility with it.

And true, perks with 'traditional' banking are normally for those with more but we're not talking 'traditional' banking with this. It's new territory, they could have anything planned.

I think we just need to wait and see. I'm sure all will become clearer as we progress.

"Anyone with any sense won't have more than £85,000 with any one bank."

Exactly because you're ringfenced up to that amount if the bank or provider goes bust. If Tallymoney went bust you could lose £15,000 of your £100,000 deposit but the guys with a few thousand in their accounts are safe as houses.

Sometimes it pays to be a 'pauper', sell. ;) I still think there's no harm in you sending your findings to LION and let them advise/reassure you.

I'm also curious as to why you think short term 'paupers' don't seem to deserve the same security and assurances for their deposits as Mr/Ms Big?

If I take out a basic debit card at the bank do I not deserve the same security and promises as the guy with a much grander wage (and less spending) depositing into his own identical card?

"Which is going to generate a better profit margin, one x £100,000 long-term deposit, or one hundred £1000 deposits in constant use?"

The long term deposit but the reality is it's not going to pan out like that. You'd expect a mixture of these amounts.

How do you know, for example, there are not to be perks for customers for holding small amounts to encourage more small holders?

"I have previously suggested that the gold holdings would be for those with a long-term perspective on the future valuation, not on those seeking kudos for having a daily-use debit card for cups of coffee."

With respect, it's not for you - or I - to decide that, apart from for ourselves.

It can be held in such small and large amounts it's up to -the user- -the individual- whether they use it as a LT investment or to splash on a cup of coffee. That was always the point; choice.

I suspect it will be partly targeted at young professionals of the type that work in Fintech and banking. If the name really doesn't fly they can always change it. When you think about it, what does 'Railsbank' even mean? Does it matter? It caught on.

"You answered your own question regarding a "Goldbloc Card": "many would have associated it with say an exclusive American Express type thing that was too expensive for them", which is surely better than the perception that is for paupers."

Why? Why prioritise the rich over the poorer? Most of the world are 'paupers' as you call them. People like us are 'paupers' as compared to the vast wealth pooled by only a few. What's wrong with 'paupers' not being able to have a flutter on gold that they can spend? Might work wonders for morale!

Thinking about it, there's nothing stopping LION marketing the card itself as 'Tallymoney Gold' for example. If it has a jazzy design or colour it might sell itself anyway. There are so many possibilities.

I'm glad it gives us much more to think about than all the arguing that's gone n over the weeks.

I'm with chris, I think basically the internet grapevine, Twitter, w-o-m, and the connections to Railsbank (they should plug this as it'll be using their tech), should all help spread the word.

Starling (perceived as a 'mucky' bird by many in the older generation) is doing pretty well as a startup banking platform. Basically it's gained ground on Twitter. Which ironically is ideal for it. :)

I have nothing against the sending of findings to LION to to let them see. But we have to understand that this has been planned for some time and a what might not have the impact here atm might have more impact abroad depending upon perception.

If sellonnews had have asked how many people on the street knew what a 'Goldbloc' card was how many would have associated it with say an exclusive American Express type thing that was too expensive for them and hence not worth the bother even looking into? It works both ways imo.

Advertising is needed but you'd have expected that's what LION is doing in the background anyway. It's the only way to market a product!

Send your findings to LION, that would be good for them to see.

If I may add, the public are bombarded by debt and credit card crap all the time on TV and are probably likely to reply along those lines with many 'card' prompts imo.

And there's been no significant advertising for Tallymoney. The campaign hasn't had chance to take off yet.

I do use this term myself when I'm totting or tallying figures or money up, but without having giving much thought where it came from. It sounded old English to me.

Google says it's originally from the Latin 'talea' (cutting of a twig), morphed into the Anglo-French 'taille' and then the late middle English 'tally', which has been steadily on the rise in usage until 2010 (no figs thereafter but probably remaining stable).

There's a Tally Software and Tally Accounts out there so its not as if it's dead lingo. Also we have this:

"Tally Solutions Pvt. Ltd., is an Indian multinational company that provides enterprise resource planning software. It is headquartered in Bangalore..."

So the Indians are also in the loop.

Thanks Liam, that's great. :)

It won't initially be marketed at or for the Middle East, though if people there want to take up on it they will, simples.

I've re-read everything today (RNS) and had a look at that Tally website and also added my e-mail address for updates/access.

I like it the more I look at it - it's simple and uncluttered. The concept is childsplay and that's pretty much what you need in today's world - something that's easy to get onboard with and easy to use.

Straight after registering I got an e-mail from Team Tally (I actually think this name may do well in India), and it stated that they will be in touch in the new year on how to open your account.

So this (imo) really does tie in with the XGB trademark not being ready until January as I thought. The platform likely needs it to operate.

As time moves by we'll hear more about the platform, the app and card, and perhaps the results of the testing phases, though this is no guarantee and the company may want to keep those private. They're not obliged to divulge that.

I'm genuinely really happy with this and see it as a good first step onto a more fleshed out product as we move along.

"Goldbloc looked and sounded good and was easy identifiable with the product.
What we all need is product launch so we can all make some money"

In his last interview, CP mentioned a name change for Goldbloc as they were referring to the platform as 'project Goldbloc' so hence Tally came into being.

As I say I wouldn't expect a massive release of boom boom news on one day. I think we'll know more in time. Little acorns and all that.

I'm not responding to this thread anymore as the title is unfair given the work that's going on for our benefit ultimately. Many companies have wobbly starts, or poor comms but end up coming good. Maybe with bigmj up near the helm we get represented a bit more. And most good things do take time. I'm happy with progress, even if it's small steps. :)

I believe people mocked Google when it first came out.

Some of you really are going to have to log into the accounts you hold with your brokers, read the messages they may well have left for you explaining things and/or get in contact with them to let them know your wishes.

LION cannot do this for you. The management of your shares held in an account is between you and your broker.