It is always gratifying when a much bigger company adopts your strategy. Especially if they’re not a competitor of ours. T-Mobile, the cellular provider, just announced that they will be giving new customers stock in T-Mobile. And they will be giving customers who refer new customers more stock. Sound familiar to iConsumer? We certainly think … Continue reading We’re Not Alone – Stock Up! from T-Mobile
“Any Day Now.” For six weeks, a process that was expected to take one or two days has been dragging along. We are awaiting for approvals outside of our control. Our final filing is ready. Our marketing campaign is ready. Our users are ready. But the powers that be are not. It appears that the … Continue reading SEC Update – June 8, 2016
Perhaps the most eagerly awaited portion of the JOBS Act, Title III, the part of that act that actually has “crowdfunding” in its name, became live in May. The requirements for using it are much less strict than the requirements surrounding Title IV. Most notably, investors are maxed as to the amount they can invest, … Continue reading Equity Crowdfunding – The Next Chapter
Elio Motors used Reg. A+ to go public. They are now listed on the OTC. We’ll be watching to see how they do in the markets. Here’s a story on Elio Motors in INC magazine.
Last Friday, our SEC counsel submitted our updated filing to the SEC. You are welcome to view it on the SEC’s site. It includes several important changes and additions, including the subscription agreement. The most important change, to my mind, is the simplification of the offer into two pieces. For those folks who subscribe early, there … Continue reading SEC Update – March 20, 2016
January was a great month for iConsumer. We had our first real revenue, and first real member growth. About $40,000 in revenue for the month. We added 1690 members. We did our first two promotions. The first was a Double Cash Back event. The second was “Share the Love”, a refer a shopper and get … Continue reading Company Update – Traction!
We have submitted our Form 1-A (the form required by Reg. A) to our SEC counsel for final review. We believe that this will be submitted to the SEC later this week. We completed preparing marketing documents (a “pitch” deck and a one-pager). We’ve begun sharing these with potential investors that have previously expressed an … Continue reading SEC Status Update – Feb. 15, 2016
We continue to work with our SEC counsel on our reply to the SEC comments. It is definitely taking us longer than we anticipated. We have learned an enormous amount in the last two months about how to structure our offering so that it is clearer, and hopefully more attractive to prospective investors. Additionally, we’ve … Continue reading SEC Status Update – Dec. 12, 2015
On October 30, 2015, the SEC voted to adopt new regulations governing Title III of the JOBS Act. This is specifically about small crowdfunded investor opportunities. It is another equity crowdfunding opportunity. The general consensus is that this is great for smaller startups, and companies that are not interested in immediately having a public market … Continue reading Title III Update – Passed by SEC
iConsumer has received its first comments from the SEC. It took less than a month from when we filed our paperwork. Now, our task is to answer those comments. ================================ NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE … Continue reading SEC Status Update – Oct. 25, 2015