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Pandemic Pivot – Update II

By: Robert Grosshandler | May 29, 2020

I just ate my first meal in a restaurant in almost three months. Granted, I was in the wide open window and I had to pull down my mask to take a bite of my breakfast sandwich, but normalcy is beginning to return. As my neighbor said: “a weird normal”. At iConsumer, some very not … Continue reading Pandemic Pivot – Update II

Letter From A Shareholder – Bitcoin Revisited

By: Robert Grosshandler | May 28, 2020

Yesterday I got a great letter from a relatively new member / shareholder, urging us to reconsider using Bitcoin as a reward mechanism. Thanks to JH for taking the time to share his/her thoughts. My reply follows the email. Here’s the email from JH: I recently became a member/shareholder in iConsumer and was very excited … Continue reading Letter From A Shareholder – Bitcoin Revisited

Capital Raising / Level Playing Field

By: Robert Grosshandler | May 19, 2020

We’ve begun to seek out additional growth capital. We’re in the very earliest stages of that effort. We’re sharing with prospective investors some of the changes that the pandemic has brought to our business, our responses to the pandemic, and our outlook on the ecommerce sector. Because our stock is publicly-traded, and the prospective investors … Continue reading Capital Raising / Level Playing Field

April Amazon Update

By: Robert Grosshandler | May 14, 2020

Here is our monthly reporting on Amazon. In April our Amazon revenue grew over 175% from April, 2019. This growth rate is slower than in the prior month. The Covid-19 pandemic was in full force, and Amazon reduced the commission rates they pay us. Not to mention we had good results at Amazon in April, … Continue reading April Amazon Update

Preliminary Offering Circular Filed

By: Robert Grosshandler | May 04, 2020

On Monday, May 5, 2020, we filed an offering statement with the SEC. The SEC needs to  qualify it, which is taking about 4 – 6 weeks on average these days. It’s the document that gives us continuing permission to sell stock to ordinary people, both directly for cash ( and to reward ordinary people with our equity … Continue reading Preliminary Offering Circular Filed

2019 1-K Filed – Annual Report

By: Robert Grosshandler | April 30, 2020

We’ve published our 2019 year-end financial statements, our SEC mandated 1-K. In the traditional public company world, they would be called a 10-K. The important difference between the two is the depth that we’re required to go into in creating the statements, plus the level of audit required. For a company the size of iConsumer, … Continue reading 2019 1-K Filed – Annual Report

Pandemic Pivot Update

By: Robert Grosshandler | April 30, 2020

The purpose of our pivot was to get more cash into our owners’ pockets, while still looking out for their futures. Now, more than ever, using iConsumer should be easy, meaningful, and optimistic. Here’s our snapshot of where we’re at as of today. Easy Our new member acquisition rate has more than doubled. It’s fun … Continue reading Pandemic Pivot Update

CEO Video Briefing – Pandemic Pivot

By: Robert Grosshandler | April 22, 2020

Earlier this week we prepared a video about our response and focus on our owners.

Pandemic Pivot

By: Robert Grosshandler | April 12, 2020

Owners get 95% Cash Back (95% of OUR commissions)Every Store, Every Day It’s tough to think about the future and stocks and share prices when just getting through the week can be hard. We asked “what can we do for our owners (that’s you), right now?” Turned out, the answer is simple. It’s a short-term … Continue reading Pandemic Pivot

The tale of two stock prices

By: Robert Grosshandler | April 09, 2020

The Offering Price vs. The Stock Market Price iConsumer has two stock prices for its preferred stock, traded under the symbol RWRDP. One, the offering price, is the price we must use (it’s required by SEC regulations) when you buy or earn stock directly from iConsumer. It is currently at $0.18. This means that when … Continue reading The tale of two stock prices