With great volume comes great benefits, but also greater support costs.
The number of people interested in cash back rebates far exceeds the number interested in experiencing the growth of a startup. It was a great place to start, but it’s time to move on. Our belief is that the marriage of the two (great upside with current rewards) is an unbeatable combination.
My barber was the first person to say “I want to invest in iConsumer”. When it was finally possible to invest, Masao and Jeanne wrote the first check. They had never invested in a start up before, I’m not sure if they’d ever invested in the stock market before. So now they own shares in … Continue reading An open letter to my barber
Part of the promise of iConsumer was that I would share our journey in educationally focused posts. In that spirit, here are some of the weird aftereffects of being pioneers in the Reg. A+ equity crowdfunding world and our leveraging them to make lemonade.
A Rising Stock Price Excites Our Members. They may shop more and join faster.
And that might just lead to a rising stock price!
Wow. Talk about stock price and volume volatility. All that excitement is motivating members to join. The first four days of October saw new members up 198% over the same period last year. 184 members vs. 98, to be more exact. Can’t hurt that our stock trading volume is also up. A Bumpy Ride – … Continue reading $.115,.28,.25,.115,.245,.115,.15,.25,.098 – That’s some excitement
A 304% bump up in the price is exciting. More shopping (a fundamental change) can help our stock price go up and stay up. As the price holds (and maybe continues up), eventually we’ll adjust the rebate percentage to reflect that.
iConsumer can be a self-fulfilling prophecy (higher stock price –> more members –> more shopping –> higher stock price). It’s our members who have to start that ball rolling.
We’re a penny stock on the OTC market. We have very little float. Possibly a third of the float is held by people who can’t or won’t sell. And that’s the silver lining.
We asked a small inner circle to make 1,000 share purchases, risking about $100.