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
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.
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.
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.