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re: A Penny with Potential - WDLF

Posted on 3/31/21 at 10:42 pm to
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75388 posts
Posted on 3/31/21 at 10:42 pm to
What’s that? I don’t see anything about it online.
Posted by Capt ST
Hotel California
Member since Aug 2011
12931 posts
Posted on 3/31/21 at 10:55 pm to
EEENF, sorry
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75388 posts
Posted on 3/31/21 at 11:04 pm to
Thanks. What’s special about this one in your opinion?
Posted by Capt ST
Hotel California
Member since Aug 2011
12931 posts
Posted on 3/31/21 at 11:16 pm to
They have permit to produce north slope oil, punched hole and allegedly found black gold. Easy tie ins to get product to market.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26190 posts
Posted on 4/1/21 at 9:18 am to
If you have shares in WDLF its probably wise to unload those positions since their 10k came out last night.

"We will need substantial additional funding to continue our operations, which could result in dilution to our stockholders; we may be unable to raise capital when needed, if at all, which could cause us to have insufficient funds to pursue our operations, or to delay, reduce or eliminate our development of new programs or commercialization efforts."
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61513 posts
Posted on 4/1/21 at 9:21 am to
quote:

"We will need substantial additional funding to continue our operations, which could result in dilution to our stockholders; we may be unable to raise capital when needed, if at all, which could cause us to have insufficient funds to pursue our operations, or to delay, reduce or eliminate our development of new programs or commercialization efforts."



Didn't they just say within the last few months they had enough capital to last a few more years?
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26190 posts
Posted on 4/1/21 at 9:22 am to
Yes they also said they had retired all of their debt and this is clearly not the case. They are inside out and I'm not sure these guys will be around in 30 days.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61513 posts
Posted on 4/1/21 at 9:54 am to
30 days, really? Did you sell your positions yet?
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26190 posts
Posted on 4/1/21 at 9:55 am to
quote:

30 days, really? Did you sell your positions yet?


Yes I'm officially out of WDLF and RTON. I'm going to do some homework to find a new stock to make some money in.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61513 posts
Posted on 4/1/21 at 10:15 am to
Yeah I'll have to look around myself.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75388 posts
Posted on 4/1/21 at 10:16 am to
LTNC
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5162 posts
Posted on 4/1/21 at 10:23 am to
quote:

If you have shares in WDLF its probably wise to unload those positions since their 10k came out last night


Out. Thanks for heads up.

Will probably my skyrocket now


Put it all into Voyager
This post was edited on 4/1/21 at 10:24 am
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 4/1/21 at 10:56 am to
im not seeing anyone on stockwits mention this
Posted by SugarAggie
Member since Mar 2019
344 posts
Posted on 4/1/21 at 11:03 am to
They talked about it yesterday and said it was pretty standard language in any 10k filing.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61513 posts
Posted on 4/1/21 at 11:33 am to
On reddit they're claiming it's "old" information and that a lot has happened since the filing was done.
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 4/1/21 at 12:10 pm to
Is there a link to this?
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61513 posts
Posted on 4/1/21 at 12:20 pm to
Posted by wahoocs
Lafayette, LA
Member since Nov 2004
22412 posts
Posted on 4/1/21 at 2:22 pm to
I went to the subreddit and there is no new info, but they do mention a podcast on 4/5 to update where they are.

I put in a limit sell this morning that didn't fill, so I plan on seeing how things go with the podcast

I know they have been under a no media sanction for 30 days, so I assume that must end on the 5th
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 4/2/21 at 8:51 am to
Yea I’ll wait for the podcast.

That is pretty standard report with pennies. Actually had a lot of good in it. It’s literally the same paragraph at the end from their 2019 filing. They are some pretty skilled liars based on their last few podcasts if that is the end game here. I’ll say that. Company looks really promising every time I follow vs 99% of the other pennies you can tell are a scam just by reading the social media and not even seeing a face
Posted by Fe_Mike
Member since Jul 2015
3228 posts
Posted on 4/3/21 at 8:16 am to
quote:

"We will need substantial additional funding to continue our operations, which could result in dilution to our stockholders; we may be unable to raise capital when needed, if at all, which could cause us to have insufficient funds to pursue our operations, or to delay, reduce or eliminate our development of new programs or commercialization efforts."


This is boilerplate 'risk concerns' language for all micro cap companies. Go look at 10K's of 10 other penny stocks that have filed on time and you'll find nearly that exact same wording in the business risk section.
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