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Response to Reece Mak’s comment on our Escheatment post

By: Robert Grosshandler | October 05, 2020

Reece took the time to comment a couple of times on our Escheatment post (thanks!). Rather than let it get lost in the comments thread, I’m choosing to highlight it here, because I think the comments and responses are educational for all. Reece mentions that the shares you earn from shopping (or you might buy … Continue reading Response to Reece Mak’s comment on our Escheatment post

Escheatment

By: Robert Grosshandler | October 01, 2020

The “use it or lose it” law Escheatment is a big word that roughly translates to: if we have your property, and you abandon or don’t receive it, we have to give it away to your state. Sort of “use it or lose it”. But different. Almost every state has laws governing lost or abandoned … Continue reading Escheatment

CEO Letter – Form 1-SA 9/23/20

By: Robert Grosshandler | September 24, 2020

What a year. And it’s only been six months. Our Form 1-SA recounts our financial journey for the first half of 2020. The year the Covid-19 pandemic started. The world changed. Our world changed. We reacted starting in April by changing our business model to a cash back-centric offering. Our interest was survival. It was … Continue reading CEO Letter – Form 1-SA 9/23/20

August Amazon Update

By: Robert Grosshandler | September 17, 2020

First, Breaking September news As of September 15, September, 2020’s Amazon results are tracking to be double September, 2019, and Amazon sales are tracking up 400% or so. The numbers are finally big enough that doubling makes a difference in paying our bills. So we’re asking everybody to help push us over that hurdle by … Continue reading August Amazon Update

Bitcoin is warming up

By: Robert Grosshandler | August 28, 2020

We’re fans of Bitcoin (“BTC”) and distributed ledger technologies in general. There’s a lot to like about the whole concept. For awhile, we were such fans that we rewarded people for shopping with Bitcoin. In the end, we decided we didn’t like that approach … too confusing to be rewarding you with two speculative investments … Continue reading Bitcoin is warming up

July Amazon Update

By: Robert Grosshandler | August 06, 2020

Here is our monthly reporting on Amazon. You hopefully noticed that we missed a couple of months. The pandemic has made life interesting, to say the least. We did our pandemic pivot, we’ve suffered through late or weird reporting from lots of stores (but not Amazon), and we’re trying to figure it all out as … Continue reading July Amazon Update

Protecting Owners

By: Robert Grosshandler | August 06, 2020

One of the challenges in running any business is balancing the wants and desires of customers (that’s you) with the expectations of ownership (that’s also you) to make a profit. Done right, making customers happy helps to make owners a profit; maybe not immediately, but in the long run. It actually gets easier when every … Continue reading Protecting Owners

Stock activity and general update

By: Robert Grosshandler | July 23, 2020

I’m glad to report that we’re making progress on several fronts. This week was probably the highest volume of our stock being traded in the market, ever! And the week isn’t over. Three things, at least, contributed to our progress. Stock Transfer / Reverse Split As I’ve written before, we’re working on this. Transferring stock … Continue reading Stock activity and general update

Reverse Split – Part II – A Slow Motion Uplisting

By: Robert Grosshandler | July 12, 2020

We’re getting lots of great, well thought out comments on the post about our considering doing a reverse split. Keep them coming, please. This blog post tries to address the concerns many of you raised (making it a bit choppy). Some of you are seeking ways to help, which is also great. Nothing is decided … Continue reading Reverse Split – Part II – A Slow Motion Uplisting

Reverse Split

By: Robert Grosshandler | July 08, 2020

This is not a gymnastics move – no impossible physical contortions required. It is something iConsumer is in the early stages of considering. It would make each share of stock more valuable, without actually changing the value of the entire company. The goal would be to remove the label “penny stock” from our shares. Reverse … Continue reading Reverse Split