This review is the result of another poll from the Wolf Den discord. Users had a choice between MYID, SPN and CHER. With 45% of the vote, we will be reviewing Reklaim Ltd.
I initially thought that this would be my first coverage of the company. It turns out that isn’t true. I rewarded them with a mediocre 2.75 star review two and a half years ago. Sometimes when you review so many stocks, you’ll forget some and to be honest, back then they weren’t exactly memorable.
The review was completed prior to moving to Substack, but I moved it over from the archive and can be viewed below for comparison purposes.
Reklaim ($MYID.V) FINS Review
Fins just dropped and at a first glance there looked like there could be something here. Market approves, up 11.1% so far this morning, but let’s see if this gets my approval as well.
Investors appear to have liked these financials very much, sending the stock up by 64% since their release to 19 cents to a $24M market cap valuation. That is a 89% gain over the past year but 500% from their lowly lows of just 3 cents back in March.
When I reviewed the stock nearly thirty months ago, it was in the 14 cent range at a $16M market cap, so if you were a MYID shareholder for all of that time, you were likely in the red until last week.
Reklaim has an interesting and unique business model - they allow consumers to opt-in to share specific pieces of data with brands, agencies, and companies in exchange for compensation from the use of their personal data.
For a quick way to best understand what Reklaim does, I’ve attached a 7 minute YouTube video below that may explain it the best.
Keir from TokStocks has also covered the company, and you can find CEO interviews from his Substack.
Let’s get into it and see if MYID is worthy of this recent bounce, and how that old Toyota Camry is holding up.
(Free release on Wednesday Sept 9th)