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
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
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
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