We’re getting lots of great, well thought out comments on the post about our considering doing a reverse split. Keep them coming, please. This blog post tries to address the concerns many of you raised (making it a bit choppy). Some of you are seeking ways to help, which is also great. Nothing is decided … Continue reading Reverse Split – Part II – A Slow Motion Uplisting
This is not a gymnastics move – no impossible physical contortions required. It is something iConsumer is in the early stages of considering. It would make each share of stock more valuable, without actually changing the value of the entire company. The goal would be to remove the label “penny stock” from our shares. Reverse … Continue reading Reverse Split
Until shareholders can more easily (and cheaply) transfer their stock from our transfer agent into their brokerage accounts, we don’t see much value in paying for OTC Market’s QB designation. It costs a lot, and currently doesn’t bring us enough value. Therefore, beginning July 2, 2020, if you visit the OTC site for a RWRDP … Continue reading OTC and Stock Transfers Update
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
Our SEC offering is qualified, that is. SEC qualification allows us to continue to reward our members with our stock when they shop and do other actions (like refer new members!). It allows us to raise money by selling our stock directly to ordinary investors. Finally, it means that the stock you receive (whether bought … Continue reading We’re Qualified
I just ate my first meal in a restaurant in almost three months. Granted, I was in the wide open window and I had to pull down my mask to take a bite of my breakfast sandwich, but normalcy is beginning to return. As my neighbor said: “a weird normal”. At iConsumer, some very not … Continue reading Pandemic Pivot – Update II
Yesterday I got a great letter from a relatively new member / shareholder, urging us to reconsider using Bitcoin as a reward mechanism. Thanks to JH for taking the time to share his/her thoughts. My reply follows the email. Here’s the email from JH: I recently became a member/shareholder in iConsumer and was very excited … Continue reading Letter From A Shareholder – Bitcoin Revisited
We’ve begun to seek out additional growth capital. We’re in the very earliest stages of that effort. We’re sharing with prospective investors some of the changes that the pandemic has brought to our business, our responses to the pandemic, and our outlook on the ecommerce sector. Because our stock is publicly-traded, and the prospective investors … Continue reading Capital Raising / Level Playing Field
Here is our monthly reporting on Amazon. In April our Amazon revenue grew over 175% from April, 2019. This growth rate is slower than in the prior month. The Covid-19 pandemic was in full force, and Amazon reduced the commission rates they pay us. Not to mention we had good results at Amazon in April, … Continue reading April Amazon Update
On Monday, May 5, 2020, we filed an offering statement with the SEC. The SEC needs to qualify it, which is taking about 4 – 6 weeks on average these days. It’s the document that gives us continuing permission to sell stock to ordinary people, both directly for cash (https://iConsumer.com/invest) and to reward ordinary people with our equity … Continue reading Preliminary Offering Circular Filed