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