Letter from the CEO – May 13, 2018

By: Robert Grosshandler | May 13, 2018

Short and sweet this month.  Four things of note:

1. We’ve filed our newest version of our $15,000,000 offering circular (our 1/A/A) with the SEC.  We anticipate a June or July qualification by the SEC.  Read all about it here.  Highlights include a much more detailed discussion of our intention to build our own blockchain-based reward points and our handling of Bitcoin.  There is also a discussion of timing, and a potential rescission offer.  This offering is designed to allow ordinary folks to invest, as well as make it possible for us to issue shares earned after February 13, 2018.

2. You can help us grow by investing in iConsumer’s bridge round.  Our new member acquisition efforts are bearing fruit so we need to start marketing heavily. That takes money.  We’re offering accredited investors the opportunity to loan us money, earn 12% interest and have the option to convert their loan into RWRDP at $.075 a share.  Our offering, when qualified, is at $.15 a share.

3.  You may see that we’re altering our positioning somewhat (basically, how we describe ourselves to strangers).  We’re focusing on the experience of earning and learning about the stock and cryptocurrency markets, with a particular emphasis on millennials and women.  From the perspective of advertisers and prospective investors, we’re highlighting the fact that we’re accelerating the mass market adoption of crypto, through non crypto shopping.  Essentially making it possible for ordinary people to participate for free.

4.  The process of transferring shares that you’ve earned to the transfer agent has begun.  It’s been a little slower that we expected, but they’re making their way through the system.

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9 Comments

Matt, May 16, 2018 at 3:53 pm

Have you tried Newchip to raise funds?

    Robert Grosshandler, May 16, 2018 at 6:52 pm

    We’ve been talking to them. Why do suggest them?

Frankie Mack, May 16, 2018 at 5:27 pm

Exactly how does this work on all aspects? How much can you invest, and how much will your investment be worth after a period of time. Lastly, how many years do I have to leave my money invested with the company. Or in bitcoin? Is it a separate investment?

    Robert Grosshandler, May 16, 2018 at 6:57 pm

    Hi

    Great questions. First, if we knew what it was going to be worth in the future, we’d be really, really excited.

    What you’d be investing in right now is our debt. You’d be loaning us money. And you have the option of converting that debt into our equity (our stock) at a fixed price. The debt pays 12% interest rate, and at the end of three years, if you haven’t decided to convert your loan into stock, we’d be required to pay you back the amount of money you lent us. The risk you’d be taking is that we wouldn’t have the money to pay you back.

    You’d think about converting your loan into stock if the stock price was above the conversion price (which is $.075/share). And, you’d have think about what you predict the price of the stock might be in a year, because you’d have to hold the stock for a year before you’d be allow to easily sell it.

    You need to be a “rich guy” to invest in this round — an accredited investor. And, you can invest as much as you want, but of course, you should only invest as much as you can afford to lose.

    We hope in about one month to have a simpler opportunity for you to take advantage of. You buy our stock, at $.15 / share. Then, you’re able to sell whenever you want, at whatever price you can find somebody to buy it at. It’s traded, so brokers will help you find people to buy it, but they may not offer you a price you’re happy with.

    Cheers!

Jonathan Hudson, May 16, 2018 at 5:51 pm

Thank You,Robert.

Elizabeth Graham, May 18, 2018 at 10:45 pm

I have an AWESOME friend that I’ve known since grade school that is in the marketing business. Hi name is Aarron and you can contact him at Design me stuff.com!!! 😊😊😊

    Kim Logan, May 21, 2018 at 9:58 am

    Thanks – we’ll check it out!
    If he’s interested in working with us, you can also ask him to send us a note at support@iConsumer.com.

Elizabeth Graham, May 18, 2018 at 10:50 pm

I do apologize, in that last comment I left, the website should read as follows: Designmestuff.com

Elizabeth Graham, May 18, 2018 at 10:51 pm

**no spaces should be in that website address!!


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