RE:RE:RE:RE:RE:Mene spinoff, TSX venture listingI think the Goldmoney Board realized that they could make a lot money "storing" diamonds for people, like they do with gold,silver, cryto currencies, etc etc.
A nice "untapped" market. Great mark up and high storage fees. They already have the technology.
People do love their gold, esp. in some places in Asia, the Middle East, Russia, and South Africa, they appreciate it even more than in N.A.
Like they said " both the opportunity and investment were greater than originally conceived. Based on the projected capital requirements, "higher risk-reward parameters"
plus a 10 year agreement to use Goldmoney services....so new paying customers being added. cross-selling possible
The team did a great job to date with the technology and concepts behind the gold & silver. Very smart to expand services into Crypto Currencies and other 'complimentary" precious metals.
I would now expect them to do the same with Men. IF, they can execute, this new company will have a pretty big upside. After initial start-up costs, it will be a very high margin, low risk business. After all, they will just help you buy, store, trade, or sell, the product. No real risk to Goldmoney. Like a bank, mostly processing and holding charges.