Overview The important news this month is no real news, so this post is going to be brief. Elsewhere I’ve written about our next raise and the success we had at our first prospective investor conference. We’re still waiting for FINRA to approve our filing and give us a ticker symbol. And member growth has … Continue reading Letter from the CEO – June 2017
By design, members’ shares earned on or after April 1, 2017 have not been issued and transferred as of June 21, 2017. Our long term plan is to make it possible for members to instruct us in an automated fashion as to when they’re ready to have shares issued and transferred. That is, we’ll do … Continue reading Member Earned Share Issuance – Delay
Over on the iConsumer Facebook page last week, we got a comment from Rory C., who said: “Stop advertising this kind of thing to people who don’t understand anything about how stock or equity of a company works. Someone signs up and gets 100 shares, which is essentially worthless, and with each new sign up … Continue reading Why we’re doing this
One of the great things about having over 34,000 shareholders is that they have questions and comments. We want an engaged base of customers and shareholders. Some of those questions and comments are meant to help shareholders and prospective shareholders assess the goodness of iConsumer as an investment. And we really want to answer them. … Continue reading Public and Private Information – Keeping it Fair
As a growing company, we need to seek ways to finance our growth. And we’re growing rapidly (we doubled in size between February and June.) We also need to make sure that prospective investors understand us. This helps to make sure that we’re supported in the marketplace, and potentially helps to increase our stock price. … Continue reading Marketing iConsumer to Investors – The Next Raise
Overview – The CEO becomes a supernumerary This letter is later in the month than normal for a great reason. I took a holiday that was completely off the grid. Why should you care? Because iConsumer operated perfectly for two weeks without me. I successfully became an extra in the iConsumer play (at least for … Continue reading Letter from the CEO – May 2017
We’re one step closer to getting quoted. FINRA requires us to close our offering before submitting to them for quotation approval. We closed our offering at the end of the day May 10, 2017. This means we cannot accept new investors from the public until we file a new offering with the SEC, and the … Continue reading Offering Closed – May 10, 2017
I am very pleased to announce that today, iConsumer filed its first annual report with the SEC. This report, which includes audited financial statements, is required under Regulation A of the Securities Act of 1933. We have also created a page in our knowledge base where we are going to keep links to the SEC.gov … Continue reading First Annual Report (Form 1-K) Filed with SEC
iConsumer is able to sell shares to the public because we’re taking advantage of the 2012 JOBS Act. More specifically, Title IV, Tier 2 of that legislation. Basically, that legislation is an exemption from some of the most expensive and complex rules and regulations that govern the sale of securities like our stock. The JOBS … Continue reading Why we can’t sell shares in four states – Texas, Florida, Arizona, & North Dakota
This month’s edition of my “everybody’s an insider” update is very sweet … Marketing – Member and Investor Growth 20,000 Members. Lowered cost of acquisition. Lots of great stuff going on. The most satisfying is that this past week we broke the 20,000 shareholder hurdle. We were able to do that because our cost of … Continue reading April 2017 – Letter from the CEO