We now have over 80,000 people who have earned stock. That’s an enormous number of shareholders. No two ways about it, we’re launched.
With the changes we made November 1, offering cash back on top of stock back, we’ve been watching several metrics like a hawk. On top of that, our growth (as you’ll see) allows us to have credible conversations with investment banker / investor types, and whenever possible, I want to be able to share information … Continue reading Pre Holiday Update
One update to cover them all. Bitcoin Exposure In the past, iConsumer has offered Bitcoin as a reward. We stopped that practice several years ago, but we still have assets and liabilities linked to that effort. Also, we allow you to redeem cash back balances via Bitcoin. The current activity in the Bitcoin world (FTX … Continue reading One Update to Cover Them All
With great volume comes great benefits, but also greater support costs.
The number of people interested in cash back rebates far exceeds the number interested in experiencing the growth of a startup. It was a great place to start, but it’s time to move on. Our belief is that the marriage of the two (great upside with current rewards) is an unbeatable combination.
Part of the promise of iConsumer was that I would share our journey in educationally focused posts. In that spirit, here are some of the weird aftereffects of being pioneers in the Reg. A+ equity crowdfunding world and our leveraging them to make lemonade.
A Rising Stock Price Excites Our Members. They may shop more and join faster.
And that might just lead to a rising stock price!
Wow. Talk about stock price and volume volatility. All that excitement is motivating members to join. The first four days of October saw new members up 198% over the same period last year. 184 members vs. 98, to be more exact. Can’t hurt that our stock trading volume is also up. A Bumpy Ride – … Continue reading $.115,.28,.25,.115,.245,.115,.15,.25,.098 – That’s some excitement
A 304% bump up in the price is exciting. More shopping (a fundamental change) can help our stock price go up and stay up. As the price holds (and maybe continues up), eventually we’ll adjust the rebate percentage to reflect that.
iConsumer can be a self-fulfilling prophecy (higher stock price –> more members –> more shopping –> higher stock price). It’s our members who have to start that ball rolling.