Through December 31, 2020
We had several reasons to start awarding double stock back in November. Amongst them was that our stock was trading at less than half of the offering price of $.18/share (the offering price is the price we must use to calculate how much stock you get when you earn stock from purchasing – it’s SEC regulation), so this was a good way to adjust for that. Also, doing promotions can help boost revenue. Thirdly, we had just undone our pandemic pivot and returned to 100% stock back, and wanted to make sure that everybody noticed that.
We’re continuing double stock back to the end of the year because something worked well in November, and we’re not smart enough to know exactly what it was. As I write this, the last trade in our stock was at $.15/share. We had planned and announced the promotion before the significant price move upwards.
Which is another way of saying that double stock back is a temporary thing, and may not last beyond December. And, it always bears repeating that our stock price may (and probably will) go up and down, and that this is a long term hold, we do NOT manage for short term gains.
The goal is for iConsumer to be a $4 stock, so it becomes easy to buy and sell in the stock market. We’re a long-term investment, not an overnight miracle.
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