Selling iConsumer stock privately

By: Robert Grosshandler | January 22, 2020

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

Letter from a Shareholder about Stock Price

By: Robert Grosshandler | January 17, 2020

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

Scams, Fraudsters, the SEC, and the OTC

By: Robert Grosshandler | December 03, 2019

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

Why a $4 Goal?

By: Robert Grosshandler | November 15, 2019

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?

Increase in Shares Outstanding

By: Robert Grosshandler | October 16, 2019

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

CEO Letter- Form 1-SA/A Financials 9/23/19

By: Robert Grosshandler | September 23, 2019

iConsumer is still very much a startup. While every company worth its salt values its customers and investors, we ESPECIALLY want you to know that we appreciate your support. Being involved in a startup is a special experience, full of interesting (usually interesting = good) twists and turns. Our Form 1-SA/A recounts our financial journey … Continue reading CEO Letter- Form 1-SA/A Financials 9/23/19

August results

By: Robert Grosshandler | September 16, 2019

In August we transitioned to providing rebates entirely in our stock. As we explained, this was a long hoped-for step, but still a bit scary. Would it work? We don’t normally share results about a single month, or even a single retail partner, but because of the significance of the change, I thought it important … Continue reading August results

Selling Short – An iConsumer Mystery and Education

By: Robert Grosshandler | September 05, 2019

Today I noticed something brand new in the OTC Markets dashboard for RWRDP. “Short Interest”. “Selling Short / Short Selling” is basically the reverse of what we’re all (well, apparently almost all) trying to do. We’re trying to “buy low, sell high”. First buy, THEN sell. Short sellers are trying to “sell high, buy low”. … Continue reading Selling Short – An iConsumer Mystery and Education

Requalification

By: Robert Grosshandler | June 14, 2019

The SEC has requalified our offering. Significant changes from the prior qualification include a discussion of Bitcoin and our suspension of offering Bitcoin as a reward for shopping, the removal of Bitcoin as a payment mechanism for investors, the ability to be paid cash back via Bitcoin rather than as a check, and inclusion of … Continue reading Requalification

SEC Upcoming Action

By: Robert Grosshandler | June 04, 2019

Update 6/13/19 11:15 a.m. We received qualification today. We have submitted our revised offering for requalification. Depending on how fast the SEC responds to it, it is possible that after June 13 we will not be able to offer stock back rebates for some unknown period of time. Obviously we hope that doesn’t happen, but … Continue reading SEC Upcoming Action