Member Info for djwall1s

"Just listened to it aswell,a few things struck me.Firstly why couldn't they complete in the 6 months?

Once the warrants are cashed in they could release the product and go private meaning they keep all the profits in-house. Plus no need to worry about notifying the market etc."

My guess is this, and it's two-fold in relation to your question. Six months may have been enough -prior- to some sort of -further- change in direction, expansion or some other 'event' they hadn't perhaps bargained for orginally. Say they got to September and something 'significant' happened out of the blue. Something that would require another few months of integration and legalities to be ironed out. Maybe something involving the 'multiple jurisdictions' we're quoted, which to me does not quite sound like just the UK and India anymore. So...say extra time is needed from as late as September.

Now, should they go back on the market soon, perhaps the turbulence of that and the fact that product would not be released until whatever it is has been dealt with, would knock the sp back to ridiculously low levels and piss investors off. Because knowing this market and its shorting teams, they'd use any excuse to batter a company that hadn't appeared to deliver what it set out to do in 2018. We'd be crucified. So, they figured they'd take that chance to better the product until such a time that they had a fully-working product as per the 'new' direction/event. With all the 'new'
and additional i's dotted and t's crossed.

That is just my opinion and I could be way off base. But it's the only way I can justify them choosing 'not lightly' to delist for a while.

I'd actually disagree with that woody. :)

I think we've had some good, sensible conversations esp. today and after the usual hordes of 'you're all doomed, ha ha ha' mongers have buggered off. It's been nice to see people supporting one another by providing relevant and thoughtful info.

I know it can't continue unabated (if only!) but it's been less manic today than I thought it would be tbh.

I can't find it on the ticker, but that's even better if the bb is still open.

They said during Q1 but we've had at least trying for January quoted from a phone conversation.

Give it's LION, I'd lean towards March just as a cautionary tale. But you never know.

You don't want to go anywhere near ADVFN. They invented trolls.

People have already e-mailed LSE to see if we can stay open so let's see. We may get special dispensation to keep the LSE bb going for a few months. CTAG bb continued for best part of a year or more before finally being shut.

Assuming we relist in January/Q1, it's not that long to keep a bb open. It's not as if it's not needed and it's potentially going to be busy with RNSs still being released up to Nov 12th. Then AGM mid-Dec and application submitted for relist afterwards.

lol year.

Thanks cash. Sounds good.

I believe the remaining warrants have to be converted by the end of this ear and CP mentioned it in the Share Talk interview.

To the person saying not to get ahead of ourselves and panic, I agree but it's never a bad idea to have a backup plan.

At least if we have stuff in place (even if it's not needed), and alternatives where we can go to communicate should this board go offline, etc, then imo it's better to have done it in advance than not.

Thanks stix. It's important we have somewhere we can communicate as shareholders, whether it's here or private.

"but instead of slagging off CP and the company we should be getting behind them."

I agree. But more importantly, we should be helping each other here too. Ignore the noise from obviously uninvested trolls coming to gloat, this always happens.

Genuine investors should be supporting each other, seeking channels of communication and asking the BoD and our brokers what happens next. Where do our shares go? Do they come back in the same account? Do we need to specifically contact the company or does the company liaise with brokerages? There still seems to be uncertainty.

Maybe we can get a shareholder group together (please not Twitter, it only has limited number of places and someone always ends up being left out) or a round robin e-mail type of thing to keep investors informed.

Well CP has always been laid back and sounds almost blaze, that's just how he is. He's never jumping around in interviews.

I'm not sure how passionate I could expect to be if giving out such news as a delisting. You walk a fine line between sounding too flippant and sounding serious.

Although I will say that the question about a guarantee was a bit naughty because technically in life nothing is guaranteed and that is simple fact, and he had to be honest. But I do think it's his intention to return, because there's just too much work gone into this and as stated, his cred is shot in the City should Goldbloc fizzle.

However, we now have to wait and see. I wonder if the relist is intended to bring the company back as a newly-named entity as he seemed to indicate the product would be under a different name. And there may be legal loopholes that are simply going to take longer than the time we had to come back under AIM rules.

I mean bigbench hasn't made half the fuss some have and he's no doubt got far more invested than most on this bb

Can you not just calm down and let the process proceed as planned.

The 'no guarantee' comment is absolutely because nothing in life is guaranteed. You stepping out of your door and coming home alive from a walk in the park isn't guaranteed so how can he say with certainty 100%?

It doesn't worry me at all. I believe that he is committed to bringing this back and explaining the process in the weeks ahead. Also we can attend the AGM and natter the life out of him there.

Summary:

He always sounds calm and laid back. To summarise what he said:

AIM comeback on track. Hopes decisions made will make company more valuable to shareholders and then relist. Business as usual, few more RNS before 12th Nov inc Notice of AGM. Mining projects. Frustrating and slightly unsettling for shareholders but ultimately think this will be better and get a superior result because of the other work being done rather than just readmission.

Full-reserve/B2B2C notices, more warrants exercised before end of year.

Brand development: message to customers, quite a bit of further work, 'Project Goldbloc' - platform and currency be called something else.

E-mail Admin@Lionsgold.com to keep up with company info after delisting via contact details on register.

Q1 target date: the whole plan and process is the same, the fundamental target is the same to come back on AIM. The company has expanded not lessened. Nothing has changed from our end, it's a public company and we're looking to come back. Tends to agree that crypto (we are NOT a crypto) and miners have been a bit down lately so not missed much by being suspended. Full steam ahead and a lot of work going on even though suspended.

"We're here to achieve something really significant and part of that is to be a public listed company again and we think it deserves to be." Will be explaining in coming weeks and progress to see shares permitted to trading again.

"Heads down and getting on with the work but once back on market we'll do another investor show. Thanks for questions. Hopes all shareholders..don;t get carried away with this, we are committed to getting company shares back and trading. I'm a shareholder with money invested in company so we're aligned."

"If they’re genuine, being suspended is probably a good thing as we would no doubt be at 1p now."

But then you've probably answered that question. The scope of the product has been said to be now expansive enough to warrant 'multiple jurisdictions' and yet they are not quite ready, due to this development and delays.

So, if this share was active what do you think the market would do, drop us to 1p by now? Yes, very likely with AIM! They did say in the RNS the decision to delist hasn't been taken lightly. It does not sit well and I totally understand that, but I think the positives balance out the negative (at least for me). It isn't making struggling company noises but it is frustrating as the goalposts keep shifting.

Product launch is apparently close as per RNS

Listen, why would this company covert warrants, hire more staff, expand its operations, etc etc, if it were going to the wall> It has none of the hallmarks of being a cash-strapped, struggling company. It still part-owns mines and has a good stake in Railsbank it could reduce to raise funds if it needed to. It hasn't. You don;t hire a 'leading London advertising' firm if you're going under.

No directors have resigned and I'd expect people to jump ship by now. But we're not told this.

What LION does have is chronic delays and a lack of comms.

But this may be justified by the 'superior product' it talks about. If they keep investors updated and get us relisted (I'd expect, at BoD's additional expense rather than shareholders) then there's nothing in the RNS that strikes me as anything other than positive developments going on in the background.

Cloudtag's bb stayed for quite a while if I remember rightly.

On the other hand I wouldn't be sad to see this place go. Entire LSE bbs are overrun with trolls and drama queens.

In once held a Canadian miner which went under and the shares stayed in my portfolio, untradeable of course, but still physically there, for years.

I think we need clarification on this.

Well yet again you've swung the other way.

You're more confusing to keep up with than LION is.

This gist is super positive, apart from the delisting (always a sting in the tail with LION), explained as:

"As a result of the time required to methodically expand the business model and increase the potential market opportunity, recruit additional personnel and develop the product positioning, Lionsgold shares will be cancelled from trading on AIM on 12 November 2018. The Board remains committed to restoring the Company's shares to being quoted on AIM and is targeting a date in Q1 2019 for readmission. The Board apologises for the lack of liquidity for shareholders in the interim."

I honestly don't think they'd be putting in the time and effort, including detailing what's been going on and promising future updates, an AGM, further explanations and working with a London advertising agency, if there were to be a wipeout. It makes no sense and would leave CP (who is seemingly taking calls atm and not hiding) and the other directors in the shit. And as said, why hire new staff to just chuck it all in.

It's the scope of product that appears to have held this back, ironically. But anyone unsure or upset, call him.