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Maybe because the verbiage they used in the filing is
Welcome aboard and welcome to Ihub. Congrats on your first post.
Not a rumor but a fact via a PR from the company.
I will forward your post with your suggestion to Mr. Waldman.
Email is from today. I assume he is not giving me old news.
David Waldman
4:51 PM (2 hours ago)
to me
there are only approximately 3.2M shares in the float
Hi Hollis, good to see you too. Good luck.
Nice volume today +112% .032/.034
Sorry, I have no idea.
Social Life Network (OTC: WDLF) Now Accepting Bitcoin as Payment from TBI Licensees, Tapp Says
April 23, 2021 17:00 ET | Source: Social Life Network, Inc.
LOS ANGELES, CA, April 23, 2021 (GLOBE NEWSWIRE) -- Social Life Network, Inc. (OTC: WDLF) announces today that it will begin accepting Bitcoin as a payment from its Technology Business Incubator (TBI) licensees.
Having stunned markets with their revealing bet on Bitcoin earlier this year, Tesla announced they will now start accepting the world’s largest electronic currency as payments for its electric cars. Following the lead of companies like Square, MicroStrategy, and dozens of other high profile publicly traded companies, Social Life Network is now going to add Bitcoin to its own balance sheet.
Chief Executive Officer Ken Tapp on Friday tweeted: “Our licensees can now pay us with Bitcoin”.
Social Life Network announced in January of 2019 that its licensee, HuntPost.com, was going to accept cryptocurrency alongside fiat currency, through its newly launched e-marketplace. The purchase of products and services through the e-marketplace for HuntPost and the other Social Life Network licensees marketplace platforms is currently provided through the PayPal, BitPay and dozens of other international payment gateways. On March 30th of this year, PayPal Holdings Inc announced that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce,” said Director Todd Markey.
In addition to lending increased legitimacy to electronic currency use throughout the Social Life Network licensee e-marketplaces, management’s embrace of Bitcoin as a source of payment for the 5% licensee fee on revenue from its TBI participating companies, fits their forward thinking growth strategy.
“Social Life Network will only use internal and open-source software and any Bitcoin paid to the company by our licensees will be retained as Bitcoin and not converted to a fiat currency. The 5% revenue share that we have built into our TBI licensee agreements will remain, priced in dollars,” added Tapp.
About Social Life Network, Inc.
Social Life Network is a Technology Business Incubator (TBI) that, through individual licensing agreements, provides tech start-ups with seed technology development, legal and executive leadership, making it easier for start-up founders to focus on raising capital, perfecting their business model, and growing their network user-ship. Our seed technology is an artificial intelligence ("AI") powered social network and Ecommerce platform that leverages blockchain technology to increase speed, security and accuracy on the niche social networks that we license to the companies in our TBI. Since the launch of the company in January of 2013, the Company has launched niche industry social networks to service the millions of business professionals and consumers in the residential real estate industry, the legal global cannabis industry, sports verticals including racket sports, golf, cycling, soccer, space exploration, auto racing, travel, hunting, fishing and camping. The Company operates in part, like a publicly traded tech incubator, and retains ownership in each licensee through stock and options ownership when they reach a contracted user ship growth, outlined in their licensing contracts. This allows the Company to minimize its expenses and exposure to failed startups licensees that use its platform.
For more information, visit our website @ www.SocialNetwork.ai
Watch our latest shareholder update podcasts @ www.SocialNetwork.ai/podcast
It's a euphemism, has nothing to do with the $RELI stock.
Public Float is still: 3,174,415
This is a robot generated article that is used to fish for investor email addresses so they can spam their other stock promotes. I wouldn’t give it any credence.
I just posted the news because I came across it. I do agree with you.
https://finance.yahoo.com/news/growlife-inc-reports-7-million-213200972.html
Company Files Annual Report on Financial and Operations Results from the Year Ending December 31, 2020
Financial Summary:
GrowLife reported $7.0M in revenue for the year
GrowLife increased its gross margins to 42% for the year, up from 31% in 2019
GrowLife lowered its General & Administrative Expenses by $2.7M in 2020, a 35% cut in spending from 2019
KIRKLAND, Wash., April 15, 2021 (GLOBE NEWSWIRE) -- GrowLife, Inc. (OTC: PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced financial results for the fiscal year 2020. Additionally, managed provided further insight into the company’s positioning in the Management Discussion and Analysis included in the filing, as well as in the below comment:
“As the world experienced unprecedented fluctuations in their business, I am proud to report that GrowLife was able to cut costs, while continuing to generate substantial revenues of over $7 million,” said GrowLife CEO Marco Hegyi. “We took a hard look at expenses in 2020 and were able to reduce our expenditures by over 30%. We are focused on building a profitable organization wherever possible. Our cash position is eight-fold what is was in the prior year and we have implemented a strategic plan that I believe will position GrowLife for the best future, looking past 2021 and beyond.”
The Company generated $7M in revenue for the fiscal year 2020 despite the ongoing COVID-19 pandemic. Further, as a result of the blended gross margins of 42% in 2020, up from 31% in 2019, gross profits reported a gain of $0.4M for 2020, even with the revenue decline. Finally, as a result of ongoing and effective cost reductions GrowLife lowered its General & Administrative Expenses from $7.6M in 2019 to $4.9M in 2020, a $2.7M, or 35% savings over last year.
Ben K. As usual, Very well said. Good analysis and excellent observations.
Yes. TY
Honda and Verizon 5G Agreement Could Benefit Cell Tower Companies Like Digital Locations
The agreement between Honda and Verizon to use 5G and edge computing to make driving safer for drivers and pedestrians may dramatically increase the need for 5G cell tower sites
SANTA BARBARA, Calif., April 14, 2021 (GLOBE NEWSWIRE) -- Digital Locations, Inc. (DLOC), an aggregator and developer of cell tower sites for the 5G revolution, today commented that the agreement between Verizon (NYSE: VZ) and Honda (NYSE: HMC) to study how 5G connectivity coupled with edge computing could allow for faster communication between cars, pedestrians and infrastructure. This announcement demonstrates the need to dramatically increase the number of 5G cell tower sites in the U.S.
The goal of the study is to discover how enhanced communications being transmitted via 5G and processed at the edge could ultimately allow cars to avoid collisions and hazards and find safer routes. In order to make this a reality, 5G antennas must be spaced every few hundred feet apart on roads throughout the country.
“The recent agreement between Honda and Verizon comes as very welcome news to Digital Locations,” said Bill Beifuss, the Company’s president. “The major carriers need a creative and streamlined solution to identify and activate real estate sites that can support such an increased demand in 5G infrastructure. Our more than 110,000 pre-qualified wireless cell sites and patented software makes it easy for carriers to identify, analyze and activate sites to meet the increased demand for 5G.”
Mr. Beifuss concluded, “Digital Locations is primed to support Verizon and Honda’s mission as most of our 5G sites are situated on roads and highways throughout the country. These strategically located assets could make it much easier for carriers and car companies to gather and process vital data at the edge.”
About Digital Locations, Inc.
Digital Locations, Inc., is an aggregator and developer of cell tower and small cell sites for the 5G revolution. 5G wireless networks are expected to be 100 times faster than current 4G LTE networks. This will enable global scale killer applications such as self-driving cars, the Internet of things (IOT), mobile streaming of 4K videos, real-time hologram-based collaboration, and lag-free high definition gaming. To realize this vision, many new 5G antennas are needed because high frequency 5G signals cannot travel farther than 100 meters. It is estimated that more than 1 million new 5G cell towers must be added in the United States alone. We currently have rights to more than 110,000 pre-qualified wireless cell sites that can be developed to help meet the demands of 5G networks. Using our patented software system, network operators such as Verizon, AT&T and T-Mobile Sprint can easily contract with site owners all over the U.S, to quickly build out their wireless networks. Our goal is to continue to acquire the rights to more sites and become a “landlord” of tomorrow’s wireless communications assets.
To learn more about Digital Locations please visit www.digitallocations.com
Did I say 100%? Did I post a follow up post to clarify?
I whole heartedly agree with you about the number of LOI's that did not materialize in the RE section. There is only one insurance LOI that did not yet materialize, but what does that have to do with your several speculations that did not come true? What are you accomplishing by speculating erroneously?
I fully understand the frustration. I am in the same position as you are and am eagerly awaiting to hear some good news from the company.