Letter to the SEC

By: Robert Grosshandler | March 19, 2020

This is a first for us. The SEC regularly asks for comments on proposed rules and regulations. The OTC Markets, as well as our SEC counsel, recommended that we respond to this request. The SEC is looking to revise the rules that govern how easy it is for iConsumer shareholders to get their stock into a stock brokerage account.

Recently, a shareholder asked what we were doing to make buying and selling our stock in the stock market easier. This is one of the more visible efforts.

Here’s the letter on the SEC’s site. Here are all of the comments received by the SEC.

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2 Comments

kevin Callway, March 19, 2020 at 7:01 pm

As a QB listed stock you should be publishing all communications regarding the stock ON OTCmarkets by not doing this you are actually just a pink sheets ticker and lose 95% of your credibility as a publicly traded company. Time to dump Harrington and get good SEC counsel.

    Robert Grosshandler, March 19, 2020 at 7:57 pm

    Thanks for the comment. Not sure I understand it, though. We publish everything here, even the boring stuff. I actually worry that our members feel overwhelmed. Everything is available right here on Shareholder Academy. Everybody is informed at the same time.

    We use top shelf SEC counsel (as in lawyers), and on top of that, we have top shelf Investor Relations counsel. Kevin is a great addition to help us reach a different audience. His role isn’t about the public company aspects of iConsumer, but about the marketing and mass audience opportunities we have in front of us.

    We decided to step up to the additional reporting requirements (and cost) of being quoted on the OTCQB market. That may not always make sense for us, but currently it does.

    The SEC comment letter is meant to address some of the problems non-exchange listed stocks (like us) encounter. QB, QX, or ordinary OTC, we all have issues.


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