Member Info for ma5k

The status of TRAC as an EMD Agent is something I have been investigating for some time and do not consider it has yet been answered to my satisfaction. I have been in constant communication with the FCA and respective companies in regard to this matter and will continue to do so until clarity has been achieved. I post on the BB because occasionally contributors offer pertinent observations that can provide further avenues to explore and hence assist in the process of due diligence. I consider whether I invest here or not to be irrelevant as what I learn through the process of substantiating claims and counter-claims is equally applicable elsewhere. As said, I do not feel contributing in this way to be in the least negative and trust it is of value to some as their contributions are to me - the very essence of a discussion forum. Sadly it seems to be part & parcel of the internet for some to turn to personal abuse or try to discredit others rather than debate the issues. ATB regardless

I don't consider anything I've raised as in the least negative. Surely the process of due diligence is to ask pertinent questions, confident in the belief that a sound investment can withstand any level of scrutiny? I am constantly amazed that some people want to silence debate and have any posts that do not support a rose-tinted, head-in-the-sand agenda removed... surely it is in every bodies interest to cover all the 'what ifs' before committing their hard-earned cash???

TRAC are simply registered as an agent to act on behalf of PayrNET under that company's e-money licence... I suspect the limit of that indirect 'approval' is just to take electronic payments in Fiat currencies, but I have yet to establish the exact nature and extent of their true status. It is my understanding that Goldbloc is not covered by the FSCS IMHO, DYOR, GLA etc etc

Based on the perceived value of that API, Lionsgold have valued Railsbank at �10m by taking a commensurate stake. Obviously they believe it of high value to their success. Should Goldbloc take off as hoped, with the Railsbank contribution providing a significant contribution to that success, surely one of the larger financial institutions will simply come up with a similar offering with the advantage of their vast existing customer base???

Agreed Teasybee, which lends the question what is to stop other financial institutions from developing their own API with similar functionality? The fact that Railsbank have achieved the objestive in just five lines of code implies clever & skilled programming on their part however modern computers can execute many thousands of lines of code almost instantly so even if a competitor could not match the technical efficiency of the code they could presumably reproduce the same result with unique code???

I have been unable to find any information regarding a patent in respect of Railsbank's 'Five Lines Of Code API' so far... Has anyone else looked in to how they are protecting their intellectual property to prevent others from producing something similar?

Here's the gist of my removed contribution... Although the 7th Nov 2017 RNS states that "Lionsgold's fintech subsidiary, trading as "The Real Asset Co", has received FCA approval to provide certain regulated products and services under an E-Money licence.", it would appear that they are in fact only an EMD Agent under another company's e-money licence (PayrNET) and do not have FCA approval in their own right. I have been looking into this in an effort to clarify their exact status and understand the potential implications with regard to Goldbloc. So far I have established from a conversation with Ralph Hazell (CEO, TRAC) on April 9th that Goldbloc is neither regulated or approved by the FCA. Since then I have been in correspondence with the FCA who have been extremely helpful with my enquiries to date. Amongst other things, they have advised that "The Real Asset Co do not have their own permissions with us" and that it is PayrNET, the 'principal', who are responsible for TRAC's position as an EMD Agent and as such they should provide details with regard to exactly what this covers. I have emailed Clive Mitchell (CIO) at PayrNET for clarification, however he is yet to reply. While there might be obvious implications regarding the security of Goldbloc to trade in the future if Lionsgold have failed to secure explicit FCA approval in their own right (especially as the FCA are known to be tightening regulation with regard to digital currencies), I see no cause for concern at this stage; especially as all the facts are yet to be established. I'll post an update when I learn more. IMHO, DYOR, GLA etc etc

http://tellas.co.uk/Charts/PETS_18-05-24.jpg

"At exchange rate today that is GBP 22,628 per 1,000,000 KRS shares" Or a little over 2.26p/share

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=KRS&ArticleCode=caqvc3d5&ArticleHeadline=Interim_Results "The Company's �15.85m carrying value for its interest in Calidus equates to a share price of approximately 0.7p"

Sacgas approaching bottom!... https://uk.tradingview.com/symbols/ASX-SGC/

lol - Nothing like a bit of subtlety Chesh! :-) atb

Frpm the RNS... "The Company's �15.85m carrying value for its interest in Calidus equates to a share price of approximately 0.7p"

Thanks for that Pointy! :-)

Sorry MP, bit rushed today! :-) When somethings been in decline for years such as PETS I'd pay more attention to the weekly... http://tellas.co.uk/Charts/PETS_18-05-24.jpg

Hi MP Had a quick look at PET - RSI midpoint so a way to go before oversold & MACD just crossed & heading down... could revisit low of 8/12/17 (1.63p) imho??? atb

The weekly chart offers some hope... we're now sitting on the ma200 which might offer some support and not too far below that there should be some historic support from what was resistance before last years rise (7.6p), Although the RSI shows we've yet to enter 'oversold' territory, the MACD looks as though it may have bottomed. http://tellas.co.uk/Charts/MAFL_18-05-23.jpg I still feel those sub 6p sell quotes are a warning of where we could quickly land if there are any further sizeable sells, but hopefully most are in it for the long haul at this stage. GLA

Sorry that should be the entire volume of the last THREE months!

Although the volume has been up the last couple of days, those 80m of late reported sells are more than half the entire trade volume in the last month (both buys & sells), so might take a while to clear??? http://pumpedordumped.com/data/searchcompany.php?search=krs

Couldn't zoom out on your TradingView chart Fix but think I can see where you would have drawn your channel - makes perfect sense, but still think it most likely to have re-entered as shown on mine??? Thanks for sharing - always good to get an alternative perspective and GL if you're trading it! :-)