re: A Penny with Potential - WDLF

Picked up a bunch more today when it hit .017 at the bottom.

Form 8-K

Looks like they retired their debt.

I'm in for 10K shares today

Threw 1K in yesterday just so I wouldn't forget

I didn't notice how much this ran up yesterday. Was it all from getting rid of their debt? Any chance this could come back down today?

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Yak

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this has been a good one

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didn't notice how much this ran up yesterday. Was it all from getting rid of their debt? Any chance this could come back down today?

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I’m off for the week so not paying much attention.

I can almost guarantee that the price action is related to their recent podcast on the 15th.

You might check their website or Twitter for more info.

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I didn't notice how much this ran up yesterday. Was it all from getting rid of their debt? Any chance this could come back down today?

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They announced on their podcast that the Board of Directors met and they confirmed that they abandoned the Reverse Stock split offer that was on the table and they have now also said any future reverse stock splits are not on the table either.

They also released their new website which is really sharp. WDLF

They are now moving forward on keeping the stock valued at over .01 for more than 30 days so they can join the OTCBC pursuant to their qualification status.

Their 8k will come out at the end of March.

Their podcast discusses potential merger and/or acquisition potential as well so they can get on the NASDAQ. A potential sharebuy back is also now on the table.

Insider Financial says WDLF is one of its 4 hot stocks tonight

Since our last write-up, CEO Ken Tapp has done right by his shareholders. He did address our video and he knuckled down and cleaned up the balance sheet. We salute any CEO that does this on the OTC Markets, so hats off to CEO Ken Tapp.

On February 11th, WDLF announced the company retired 100% of its Convertible Notes. On October 1st, 2019, the Company reported $677,151 of Convertible Notes. Through a combination of debt paydown and note conversions, the convertible debt plus accrued interest was successfully reduced to zero by February 11, 2021.

CEO Ken Tapp said: “We have been working amicably with all convertible noteholders to completely eliminate the debt incurred by the Company in 2019, which was primarily used to grow operations and support product development for MjLink.com, Inc., at that time, a wholly-owned company of Social Life Network. Now that all convertible debt has been eliminated, as well as our success in spinning out MjLink.com, Inc. and qualifying it with the SEC for a Regulation A Tier 2 pre-IPO offering in late 2020 for a $50 Million USD raise, we hope that our shareholders have developed a much greater sense of confidence with management’s business plan for continued growth in 2021, and beyond.”

WDLF has a current market cap of $255 million.

I looked at their two websites and I just don’t get this play. Have either site seen an uptick? What is the purpose of giving up that amount of your company to wdlf? Long term that’s a horrible play. What other websites have they targeted? I just don’t see how this works or why it would be beneficial for any major company. I’ve lived in Denver and I’ve never heard of their flagship, mjlink. I asked my friends up there who are in that business. No one has ever heard of that site.

Well sometimes you don’t have to understand something to still make money off of them. There is a great researcher on Twitter named Rebecca who thinks this stock gets to 1.17 in 3 months. Because of that recommendation, I think I’ll be putting 5k into this and cleaning up 140k after that 3 month period.

"I looked at their two websites and I just don’t get this play. Have either site seen an uptick?"

Yes they provided the website traffic numbers for a few of their sites two weeks ago. mjlink had enormous growth and their unique visitor count was increasing every month since COVID started. It was over 6 million and the hunt/fishing site was over 3.5 million. Revenue is from ad spend but also from merchandise being sold off their websites where they get a cut.

Its down today around 20% but almost every stock I have is down a similar rate right now.