Amazon Prime Day and our Stock Price

By: Robert Grosshandler | July 5, 2018

Amazon Prime Day

Amazon has very special sales happening July 16.  You can shop at Amazon via iConsumer.  We make great money when you do (in part because Amazon doesn’t allow us to share what they pay us with you).

For many companies, the bigger their revenues and profits are, and the faster those are growing, the higher their stock price goes.   Our basic belief is that our member/shareholders are going to choose to shop via iConsumer because their shopping turns into revenues and profits which might, just maybe, turn into a higher stock price for iConsumer.  Our stock price is the result of many factors, most out of our control.  But what you control is where you shop.

The average iConsumer member owns 348 shares.  At $.07/share (the last trade as of today), that’s over $21.  At $.30/share (we traded at that price in June) that’s over $100.  I like $.30/share way better.  Our current stock price (OTCQB: RWRDP) is easy to see, just click here.

A Note on Stock Price Volatility

The next person who buys RWRDP on the stock market will probably pay $.50/share (the ASK PRICE).  That’s the lowest price somebody is willing to accept.  Somebody will pay $.50/share even if that person just buys 100 shares.  The next lowest price somebody is willing to accept is $.85/share.

That means for $50 plus brokerage fees (about $7) the next person who buys our stock will make the reported price move tremendously.  That’s high volatility.  You’d see our market cap (market capitalization = number of shares issued X price per share) go way up, too.  I really enjoy seeing those numbers get bigger, and it’s not just for fun.  It makes my job much easier.

Lots of people watch these numbers.  Our numbers going up tell a better story than our numbers going down.  Right now, our story is paramount to gaining new investors and member/shareholders.

People CAN buy RWRDP for $.15/share directly from us (not via the stock market).  There is a minimum purchase ($250) plus some transfer fees.  We use investors’ money to fund our growth.  If things go according to plan, more growth = higher stock price.

When somebody sells our stock on the stock market, the seller gets the proceeds, not iConsumer.  By the way, if you want to sell your shares, the highest price somebody is willing to buy them for right now is $.07/share (the BID PRICE).

And to keep the lawyers happy: DISCLAIMER: We are not predicting or promising that anything we or you do will cause our stock price to go up or down. Or make it easier to sell.

So, what’s on your list this week?  Find it through iConsumer!  Buying at any of the 1,800+ stores helps us grow, buying our stock helps too!



TBD, July 6, 2018 at 2:47 pm

Since, iConsumer is now a publicly traded company, though, it’s “over-the-counter (OTC), are the financials or top-shareholder-names/associations required to be released, on a monthly or quarterly basis?

    Robert Grosshandler, July 6, 2018 at 3:06 pm

    Great question. First, some background. Skip over it to get to the direct answer.

    Background: Our securities lawyers would say we’re not public, even though we have 50,000 shareholders and shareholders in waiting, and we’re quoted on the OTC. Ah, lawyers.

    The difference between us and a “truly public” company isn’t where we’re traded. It’s the fact that we used an exemption to the Securities Act of 1933 to be able to legally sell securities to the general public. That’s why you’ll see references to our being a Reg. A+ issuer. The filing requirements for a Reg. A+ issuer are lighter than for a traditional public company. We also need to adhere to the reporting requirements of the OTC to be on the QB market, instead of the pink sheets.

    Two main benefits to the approach we used. It cost a LOT less to become “public”. It costs a LOT less to fulfill the reporting requirements (probably 10% of the cost of being a traditional public filer).

    The stock insiders own isn’t registered. Only stock purchased in an offering is registered. The sale of unregistered stock is complicated beyond belief. Effectively the only way for an insider to sell unregistered stock to the general public is by using an offering.

    Direct answer: We’re required to file semi-annual unaudited financial statements, and audited year end financial statements and annual reports. You can see all of those arranged nicely here. The detail in the year end report is less, too. But still pretty hefty. Most of the same rules about disclosing ownership apply. Trades by insiders need to be disclosed.

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