Did you hear me shout out for joy? News so exciting I’m skipping the normal format of my monthly communication.
Why was I so excited?
One of my most important goals as CEO is to make sure there is a liquid market for our stock, that is, that there are many willing buyers and sellers. Getting a stock ticker symbol was an absolutely necessary next step to being able to fulfill that goal and continue our journey forward.
After eleven months of continued effort, we were finally issued our ticker symbol. It’s official, we are now quoted on the OTCQB market as ICCMP. But don’t get used to that symbol, we’re going to change it for something cooler. NOTE: As of December 13, 2017, the symbol is RWRDP. – as in ReWaRD!
We still have plenty of hurdles to get over to reach the “liquid market” goal. For instance, while we are now quoted on the OTCQB market, you aren’t going to see any quotes on there for some time. To make trading happen (and make it possible for you to transfer stock from the transfer agent into your brokerage account) we need to get the electronic interchange of our stock connected (DTC and DWAC eligibility).
To have a market where it is easier to buy and sell our stock, we need to keep growing the member base of iConsumer. In addition, we need to generate awareness and interest people in becoming investors, and eventually, when we’re large enough, work to attract institutional investors. None of that guarantees that the price of our stock will go up (or down). But, without the ticker, we couldn’t even get started.
How can you help?
Shop via iConsumer! Use our apps, our site, our Button and our newsletters. More shopping helps grow the value of the company, and you’ll earn more shares. Tell your friends and you’ll earn 100 more shares when you refer friends that shop via iConsumer.
Want to invest today?
If you’re an accredited investor, you can participate today in our current offering. You’ll be lending us money, earning 8% interest, and if you decide you want to turn your loan into ownership of our equity, you’d be buying it a discount to the next offering price. Visit our Crowdfunder campaign to see the details.
Now we can submit a new offering to the SEC that allows us to sell and issue stock to ordinary people (another Reg. A+ offering). Upon qualification of that offering, we’ll be able to issue you the shares you’ve earned from shopping and to sell stock to investors. That will give us more money to accelerate our growth. While SEC qualification isn’t certain, we think that it’ll take about four weeks from the time we file. We’ll post a note as soon as we qualify.
Can I sell my stock?
Technically you have always been able to sell stock that’s been issued and transferred to you, but finding a buyer was the hard part, and that’s where the OTCQB market makes it easier. Now there’s a place to find people who want to buy or sell our stock.
What’s my stock worth?
We’re not allowed to say our stock is worth X. We are only allowed to tell you the price at which we sold stock. Today, once people start buying and selling our stock via the open market, you can see what they thought. Just Google OTCQB: ICCMP. In several weeks, after the DTC and DWAC stuff is done, you’ll be able to see the latest buy and sell offers.
Unissued shares of stock?
What about those shares that you’ve earned, but haven’t been issued and transferred to the transfer agent? Once the offering is SEC qualified, you’ll be able to instruct us (via our website) to issue and transfer your shares. And from there, you can instruct the transfer agent (Issuer Direct) to transfer your shares to a brokerage account, so that you may sell them if you find a buyer at a price you like. There will be a small fee to issue and transfer shares to the transfer agent.
Thanks for being a part of this journey. Our 50,000 members are helping to change the faces of Wall Street, and we’ve just taken a giant step forward.