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Reklaim Ltd V.MYID

Alternate Symbol(s):  MYIDF

Reklaim Ltd. is a Canada-based consumer-focused data company. The Company is engaged in offering compliant, first-party data to Fortune 500 brands and agencies, platforms, and data companies through which it allows consumers to visit the platform, confirm their identity and unveil data that has been collected and sold on them for years without the consumer's explicit consent. It enables consumers to take back control of this data by setting up a Reklaim account where, should they choose to, consumers can be compensated for using their data or protect it via a suite of privacy tools. The Company's platform offers various data segments, which includes household information, interests, traits, reading preferences, watching preferences, donation history, and financial information. It reveals various attributes based on the amount or variety of regular Internet activities of the consumers, such as reading articles, shopping, managing finances, and streaming platforms.


TSXV:MYID - Post by User

Comment by Sandblaster1980on Sep 16, 2020 11:16pm
145 Views
Post# 31572578

RE:Just caught this stock on my radar.

RE:Just caught this stock on my radar.
Biggainer wrote: I noticed this stock spike up yesterday and did some research.
I have one concern, let's assume that each app downloader took the survey and accumulated $5 in a month, and with over 30 million downloads that's over $150,000,000 in pay out to the survey takers. How are they gonna pay for all this?


Hopefully by being the middle man. With enough of a customer base where FB and Google will have no choice but to pay killi and killi customers for their data. Killi would get payed a premium to sell your non restricted data and then pay you a small percentage of each sale. Win win for killi and for you. FB and Google take your data and sell or you it for themselves, so why not get paid for it.This is my best guess on how they would pay out to customers. Worried about their app not working properly also but the company as serious upside potential if they can see this through.
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