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.
If our stock price goes up, that can interest more people in using iConsumer to shop. More people shopping generates more revenue and cash. More revenue and cash are supposed to help drive stock price up. A virtuous cycle. Let’s hope that theory becomes reality.
Price raised to $.25/share On Feb. 8, 2021, we filed a new preliminary offering circular with the SEC. When qualified, it’ll change from being preliminary to being effective. It’ll reflect whatever questions or observations the SEC might have had with our submission. Most importantly, we will be able to continue offering our members the ground … Continue reading New Offering Filed
What a year. And it’s only been six months. Our Form 1-SA recounts our financial journey for the first half of 2020. The year the Covid-19 pandemic started. The world changed. Our world changed. We reacted starting in April by changing our business model to a cash back-centric offering. Our interest was survival. It was … Continue reading CEO Letter – Form 1-SA 9/23/20
One of our goals at iConsumer is to have our members/shareholders participate in the journey of building a great big business. To that end, I’m sharing some background on our recent financial dealings ahead of when we might have disclosed them normally. Also, the SEC rules on these kinds of disclosures aren’t cut and dried, … Continue reading Government assistance – PPP & EIDL
We’ve got a shareholder who is working through what it takes to sell his iConsumer stock without a stock broker or the public stock market in the picture. In other words, a “private” transaction. iConsumer isn’t involved in the potential transaction, but we can certainly share what we’re learning about the process. As part of … Continue reading Selling iConsumer stock privately
Yesterday, I received an email from Mickey, who was concerned about the price at which we sell our stock and how that compares and interacts with the price of our stock in the stock market. We sell our stock in two basic ways – you can buy it directly from us, or you earn it … Continue reading Letter from a Shareholder about Stock Price
When you’re trying to change the world by doing something that’s never really been done before, it’s nice to have friends with influence. Making every customer a shareholder, and every shareholder a customer is a big first. Even more so when those customers are ordinary people, not fat cats. That invariably means that people will … Continue reading Scams, Fraudsters, the SEC, and the OTC
Share Price, that is. It’s all about joining the big boys and girls. And not being perceived as a “penny stock”. It’s called “uplisting”. Right now, most of the players in the stock market treat iConsumer Corp. as a second-class citizen. Until we’re treated as a first-class citizen, our stock price, as well as the … Continue reading Why a $4 Goal?
Recently, we completed the transfer of a bunch of shares from iConsumer’s books to the transfer agent’s books. They completed that transfer last week, and this week, you can finally see that the OTC market site reflects the increased number of SHARES OUT (shares outstanding). Two things I’d like to highlight here. Our stock price … Continue reading Increase in Shares Outstanding