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.
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
… with the exception of one small item, Walmart was the same price, and for most things, the same shipping schedule. Indeed, the lawnmower arrived a day early.
We’ve published our 2021 year-end financial statements – our SEC mandated 1-K. In the traditional public company world (if we were a “fully-reporting” company), this filing would be called a 10-K. The important difference between the two is the depth that we’re required to go into creating the statements, plus the level of audit required. … Continue reading 2021 1-K Filed – Annual Report
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.
I’m sharing another letter (from Matt C. – thanks Matt!) and my answers. Hi Rob, Disappointed to hear about Amazon dropping iConsumer as an affiliate. Me too. I had always worried that it was a matter of time. Later would have been better, though. They apparently don’t see benefit in the loyalty / reward model. … Continue reading Questions from a shareholder
As you’ve probably noticed, Amazon is no longer paying us commissions when you shop there. We had been growing that revenue stream quite nicely, and my guess is that they decided they didn’t need us any longer. I’m very disappointed, but wasn’t surprised, since they aren’t doing business with folks like Rakuten anymore, either. It’ll … Continue reading Amazon vs. Walmart
Through December 31, 2020 We had several reasons to start awarding double stock back in November. Amongst them was that our stock was trading at less than half of the offering price of $.18/share (the offering price is the price we must use to calculate how much stock you get when you earn stock from … Continue reading Double Stock Back Extended
