Member Info for sellonnews

bigmj

Confirmation of an actual deal in China would indeed be transformational, perhaps even surpassing the year high (move the decimal point one place to the right?)
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shirlock

As long as you have proof of being a shareholder (confirmation available from broker) there shouldn't be any problem with turning up.
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GL
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“Tally enables individuals the choice to use real money as their personal reserve currency.”

"real money"??? Should that be "real gold"?

https://www.tallymoney.com/
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Many thanks for the clarification, appreciated.
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GL
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ManyGL
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Mr Poulden holds 68,000,000 shares as of last notification. With such a current low share price, are you aware of any reason why he isn't purchasing more to average down? (Not a loaded question).

I respectfully refer you to what you wrote on Nov 2:

"that is what Richard told me. This has the reason. As far as I remember from 2 weeks ago Richard is in China this week. I think he may get back some wet signed documents for the RNS next week"

I'm just wondering why directors aren't buying shares at such a low price - nothing more!
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GL
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As noted, the current TR-1 holders have spoken with Mr Poulden prior to investing, at a fraction of the price for his 68,000,000 shares holding.

Are you aware of anything which might prevent him from averaging down at the current price?
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TIA
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GL
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It might be worth a look at India Post.
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Info on Starling Bank, but would prefer Citi or DBS (smiley):

Starling Bank received a banking licence in July 2016, and launched the UK's first app-only current account in March 2017. Over 300,000 customers have signed up so far.

The London-based firm has built its IT systems from the ground up, raising £48m to-date.

It says that it has a strong focus on data and transparency and aims to woo people who are used to seeing their life in a dataset, similar to users of health-tracking watches Fitbit and Apple Watch.

https://www.which.co.uk/money/banking/bank-accounts/challenger-and-mobile-banks-aj0mj7w688r5
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DYOR
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Who will be the third-party lender to provide the credit facility for Lionsgold?

Will the credit be restricted to UK applicants?

Might "credit" apply to cards, mortgages, and loans?

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Does the silence from the TR-1s indicate that news is due?
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Weren't House of Fraser, Carillion, and Woolworths unloved?

PCGE is liked by many frustrated holders - there is a difference.
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BrownAdder

So, one deposits £1,000 onto the debit card. Do you believe that this will be used for daily transactions on sandwiches and cups of coffee? Might it not be better to continue using a credit card for this and when repayment is due, use the debit card to make a single payment?
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Updates on any listing in India, and the names of Executive Directors (2?) would be welcome before the AGM.
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Starling and Lionsgold are both using the Railsbank platform - let's see how this evolves.
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If Starling is the "Amazon of Banking"

https://www.telegraph.co.uk/business/2018/10/09/starling-now-amazon-banking-come-get-account/

what could this make Lionsgold?
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DYOR
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GL
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https://www.finextra.com/newsarticle/32935/mobile-only-challenger-starling-arrives-on-the-high-street
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DYOR
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Lionsgold will make money from insurance and storage charges on the gold deposited, plus conversion fees from cash-to-gold and back again.

You are correct in that they will not be able to lend any of the 100% gold held on full-reserve banking however, there is nothing to prevent an account holder doing this.

Agreed regarding clearing for cash transactions but as for ledger transaction... think Bitcoin.

My reference to wholesale/retail/customer was more along the lines of a coffee merchant selling to coffee shop, who in turn sells on to a customer, for example. If each had a facility for dealing in gold, this could be done via ledger transactions circumventing traditional clearing - sorry for any confusion caused.

Thank you for your feedback, always appreciated.
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GL
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Please indulge me. You say,

"I pay you over the app, easy stuff, takes half a minute.
You tell me I have now gold of the amount paid.
Fair dos. I then either hold, sell or accumulate more"

Wouldn't the retailer have to opened an account before being able to accept a payment in gold?

Taking this further, if it is just a transfer of gold from the customer to the retailer, couldn't this be done as a ledger transaction negating MasterCard charges for the retailer? (An incentive for the retailer to open an account?). In the B2B2C model all it needs is for wholesale, retail, and the customer to have a gold account into which each can transfer gold along the chain. MasterCard will still have the commission on all transactions converted from gold to cash from those not on the ledger model.

Disruptive, or what?
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GL
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BrownAdder

I humbly suggest that full-reserve banking is nothing like "Any Bank", which uses fractional-reserve banking. However, as outlined previously, there might be a facility in the B2B2C model whereby a Customer could directly lend gold to a Business for a fee (interest).
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GL
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