Transfer Agent Live

By: Robert Grosshandler | January 27, 2017

Here’s the text of a letter we sent out Friday, January 27 2017


Your shares of iConsumer stock have been issued, and the record keeping for those shares has been transferred to IssuerDirect, our transfer agent.

For the moment, there isn’t anything you should do.

The first week of February you should receive an email directly from IssuerDirect. It will look a lot like a bank statement. It’ll list your iConsumer shareholdings, your IssuerDirect Account Number, and your PIN. Examine that statement and if something is off, please contact us for help. Normally, you’d contact them directly, but we’d like to know about any issues that you see.

Once iConsumer has a ticker symbol, and is actively traded on a market (we’re shooting for theOTC QB), then there may be things you’ll want to do. We hope to get those steps (and the other behind the scenes stuff that makes trading easier) done in the first quarter of 2017.

For instance, maybe you want a brokerage firm to handle your iConsumer shares (stockbrokers like Schwab or eTrade). That way you can have your broker track your iConsumer shares. To do that, you’d instruct IssuerDirect to transfer your shares to your brokerage account.

Another reason … maybe you want a broker to try to sell your iConsumer shares. You can sell them yourself now, but finding somebody who wants to buy them will take work. Brokerage firms make their money, in part, by helping you sell your shareholdings.

A frequently asked question is “Can I get a piece of paper as evidence of my shareholdings?” That is, can you get a stock certificate? And the short answer is no. Certificates are very pretty, but they get lost and are an expensive pain for the transfer agent. So iConsumer is “book entry” only. IssuerDirect, by law, is the sole keeper of the records of ownership for iConsumer.

We’re working on making sure we post an update at least once a month (around the middle of the month) on our ShareholderAcademy blog.
Thank you!

The iConsumer Team

P.S. Remember that for each iConsumer referral you make you can earn 100 extra shares. Encourage your friends to join and shop. Visit your personalized tell a friend page today.