The peer to peer lending thing is specialist and fraught with risk and is not relevant to Peer-Pass so ditch it .
DMC stands out for a couple of reasons :-
- The barriers to entry are quite high ; the facilitator (CL8) has to negotiate with an insurance company .
- Conversely DMC are exposed to the Insurance Company deciding to cut them out or terminate and must have contingencies .
- If DMC have a sliding scale charge structure which combines elements of a transaction fee and a per-diem rate and the overall cost to the customer is not too high then there is little incentive for customers to try and cut DMC out .
DMC exists for several reasons ; to generate revenues , presence and publicity , to establish Peerpass and populate the Peerpass Database .
DMC announced they had recruited a "business development manager" for DMC . Now I don't want to do this person a disservice but DMC is only going to succeed if they are as driven as Chris Noone himself .
Parking and Storage would enhance the value of Peer-Pass but there is no need for them to own these applications themselves .
As lldsrud points out , Peerpass should be the jewel in the Crown . It is a database of trusted customers . Selling access to parts of this database and populating it via licensing to third parties is what excites me .
Chris Noone seems to be a genuine entrepreneur , not just a good talker . The company requires at least one similarly driven person for each division .
CL8 Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
(20min delay)