Member Info for sellonnews

Potter25

It is my understanding that you can only put back in the same value as was withdrawn. In the event that LION opens at a premium on relisting not all will be subject to the rule ie if the value is £5000 and on relisting the value is £10000, only £5000 can be returned into the ISA However the remaining shares can be held in the general account until the 2019/20 tax year and then placed into the new ISA, up to the annual limit.

Corrections welcome.
.
.
GL
.

Lazygun

As you doubt the probability of LION relisting, would you kindly explain why over 52,000,000 warrants have been exercised since suspension?
.
.
TIA
.

993444

Apologies for being pedantic but the rules relate to the current tax year ie 2018/19, the example given on your link is dated for 2017/2018

"f your ISA is ‘flexible’, you can take out cash then put it back in during the same tax year without reducing your current year’s allowance. Your provider can tell you if your ISA is flexible"

As I observed previously, one could bed and isa any shares held in a trading account for the tax year 2019/20, up to the current limit. Also, the option to sell shares up to the CGT annual limit is available.
.
.

There are now approximately £500,000 1.2p warrants remaining which can either be called-in or lapse on December 31 2018. With the 2.2p warrants exercised today, these can't be far behind.

Always good to see a plan coming together (smiley)
.
.
GL
.

Or just Tax planning?
.
.
DYOR
.

wacjac

Many thanks for your clarification, appreciated.

I fully understand Mr Parry's ennui having to reply, with the same information, to countless investors asking the same questions - he can say nothing that isn't already in the public domain. That he is willing to talk with investors speaks volumes as to his sincerity, more so given that it detracts from evolving LION. There are only two events for which I could see myself telephoning him: a discounted placing, and readmission to trading - the former being unwarranted and so wrong imo.

So many updates due: directors; India; Finland; B2B2C.... let the RNS roll.
.
.

I'm intrigued to know if your investment in LION was based on broker advice. Without a high-risk investment profile, there is absolutely no way that a broker would recommend LION. With such a profile, one accepts the risks.

Contrary to your broker's belief, I fully expect LION to relist as a better and stronger company, and would have purchased even more shares had I been aware that it was to be suspended.

I currently have absolutely no concerns for my six-figure investment in LION, and have further funds available for Q1 2019.
.
.
GL
.

Something for the weekend?

"In Iran, individual consumers' gold purchases are soaring. Sales of gold bullion and coins in the country during the first half of this year tripled from the same period last year to 24.5 tons, according to the World Gold Council"

https://asia.nikkei.com/Economy/Emerging-countries-snap-up-gold-to-cut-dollar-dependence2

.
.

Hi ma5k

All is possible, far less is probable (smiley)
.
.
GL
.

ma5k

Absolutely, no one is disputing the fact that the price of gold fluctuates. What do you believe will happen to the price as ever greater quantities are placed into secure storage, removing it from the market?

At the beginning of the year 63 Rupees bought US$1, today it takes 73 rupees, and by the end of 2018...?

Where would you rather hold Rupees, in cash or gold?
.
.

The information was released at 7am to all who cared to read it, therefore hardly "insider information"

If you check your own dealing account, you should find the ability to place a pre-market limit order, which will be offered to the market once it opens.
.
.

redleader1

"That funny smell" must be the rotten information you gave on the GGP board:

open a ii isa account and buy shares there. you wont pay any CGT and you can stuff £25k a year and trade.as long as you trade with what you got in your isa account your not subject to any tax

£25k since when?
.
.

BrownAdder

Have a look at the video link (RailsBank Explainer Video)

https://www.railsbank.com/

From the above, all that LION have to do is marketing, with RailsBank just taking a commission on each account opened and possibly a percentage of all transaction fees. Blockchain enables full monitoring and fee calculations.

As suggested, I would like to see a premium placing to raise at least £3,000,000 (a discounted placing would be so wrong given how much progress has been made since the original concept). The launch of Goldbloc would be used by Railsbank as an exemplar of their system - more business for Railsbank, and not just banking!

The updates due by November 12 are going to make excellent reading and flesh-out the intended direction. Any subsequent updates will be found on the London Sock Exchange website under the "News and Events" link.
.
.

djwall1s

As I understand, if it was a 2018/19 ISA then the value of what was taken out can be returned within this tax year. Wouldn't there also be the option of bed and ISA for 2019/20, and also using the annual CGT allowance for any that remain outside an ISA?

Best to check with your IFA or provider as the above is not investment advice.
.
.

993444

I belive that Mr Parry is considering all the open doors to maximise the growth of LION, and pushing some ajar too (smiley) The advantage of having blockchain underlying everything is that every single transaction can be tracked by all in the system.

The 12.5% investment in Railsbank is appearing to be even more astute:

"By proceeding with the 12.5% equity investment, Lionsgold (or its subsidiary nominee) has gained exclusive access to Railsbank's banking platform in relation to deposits, currencies, tokens and any other products connected with physical gold or gold derivatives, for a period of three years."
.
.
GL
.

As it stood, a customer would make a payment which was converted into gold and held in secure storage, in the expectation of an increasing gold price which would offset the minimal storage fees. Fine for those using the debit card on a regular basis, but what if a customer wanted to make a longer-term investment in gold?

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.

Might this be part of the B2B2C business model?
.
.

My sincere apologies then, and it is good to know that you are also keenly anticipating the relisting in Q1 2019 with great confidence.
.
.
GL
.

We finally agree on one point, BrownAdder, the business plan is indeed distruptive.

As it appears to be giving you a great deal of confusion "...is the errrrr bit errrrrrr..." might it help if you waited for clarification from the Company?
.
.

For the doubters, naysayers, and anyone else:

No ordinary newswire, RNS Reach is a high-profile investor communication service aimed at assisting listed and unlisted companies to distribute non-regulatory news releases such as marketing messages, corporate and product information into the public domain. RNS Reach is based on the existing RNS UK-Regulatory service and has the same levels of efficiency, control and broad dissemination

https://www.londonstockexchange.com/products-and-services/rns/rns-reach/rns-reach.htm
.
.

stix40

No company LSE, AIM or other is there to hand-hold nervous investors.
.
.