We’re a penny stock on the OTC market. We have very little float. Possibly a third of the float is held by people who can’t or won’t sell. And that’s the silver lining.
We asked a small inner circle to make 1,000 share purchases, risking about $100.
Thanks to our winners, our ads are beginning to drive new members to iConsumer. Better yet, prospective members seem to like the ads, because they get clicked on a lot. Which means a level of affordability in gaining new members that we hadn’t seen in awhile.
Please take note of the fact that the estimated value of the audience we’re building far exceeds the direct cost of building that audience
Sure, you can use a competitor to get cash back. But that has no magic, no opportunity for an exponential return. Even if you turn around and invest that cash back into Microsoft stock. Microsoft’s stock price may go up (or down), but it’s unlikely to double, triple, or go up 400% in the near future. Or even the far future. It’s way too big for that to happen. The beauty of a start-up lies in the potential of exponentiality.
Our Form 1-SA was filed with the SEC on Friday. It’s our financial recap of the first six months of 2021. In this posting I get to go into more detail about what we’ve experienced, why we’ve experienced it, and some thoughts on the balance of the year. All with a focus on cash.
Good things are happening. Some of them are easy to see publicly (our new member count, for instance). Some will become apparent when we issue our semi-annual financials next month. Some you can interpolate from watching how many shares are being earned.
This new offering becoming qualified set into motion changing the price at which we sell our stock (either because you earn it shopping, or buy our stock directly from us at iConsumer.com/invest).
You can invest directly in iConsumer before the price goes up! If you invest before we raise the price, your investment will go further and you’ll own more shares. Your choice as to how you invest. When you buy from us, we invest the money in marketing. Buying on the stock market makes investors happy, which is also a good thing.
Letter from a Shareholder I love letters from our shareholders. Sometimes the answers involve information that, to be fair to all investors and prospective investors, should be published to everybody at the same time. Sometimes there are great suggestions that everybody should think about. Thus this post. Ryan P writes (and I’ve slightly edited): In … Continue reading Did We Impress?