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Today’s call was more of the same. Just regurgitating information we already knew. I get real tired of hearing the same story every call with no real progress. No updates. Nada. It’s funny to me how Ken will be talking about a TBI and will say something like “which I will talk” about here in just a minute and then never returns to the topic. This is him just BSing his way through. He was s nothing more than a smooth talking snake skin salesman. Today’s call did nothing for me. I continue to think he and their business model is a fraud and I think it is a Ponzi scheme. He talks about how companies come to them when in reality they created the companies themselves and now they have opened the door to buy the companies they themselves created. Why because they can’t execute a liquidity event. It is complete nonsense. This company will go down as a typical Ponzi scheme. All in my opinion of course.
@otclawyers $WDLF - Litigation Update - BIG WIN for our client $WDLF in the 9th Circuit Court of Appeals. The Appellate court vacated the decision of the lower court finding that our client's usury claims, under California's body of usury statutes, did not provide the defendant…
— Mark R. Basile,Esq. (@BasileEsq) May 25, 2023
Looks like they are protecting their IP in advance of advancing their metformin eye solution. Laying the groundwork ahead of the IND. Smart.
At least now he has proof that shows the shares are restricted. Then conveniently changes the subject. LOL. Thanks for posting this information.
There should be a class action suit to get that $5M back. It is criminal what they have done with taking that money and being able to get it back from him.
Nibbled on a few at .015 today. Partial fill. I’ll take it.
Classic Ken language below. He basically hinted at the same thing SIX months ago with impending liquidity events for MJ Link and Huntpost.com. Nada in six months. These type of comments is who Ken is. Always teasing with fancy and promising lingo but never delivering. Prove me wrong Ken. PLEASE!
“SO THANK YOU IMMENSELY FOR YOUR PATIENCE.
Just know that when things are bit quieter than usual around here, that probably means . . .
we have big things in the works.
CHEERS!
~ Ken”
Yep, the Outdoorsman announcement is just a restructuring. They call it an acquisition when they roll all their niche sites under the new shell company. If it was acquisition what are the terms of the acquisition? Acquisitions come at a price. Most companies post terms when they acquire another company. Let’s see the terms of the acquisition Ken. If someone asked this question on their investment forum they would get banned.
It will be interesting. And I hope I’m wrong. Blocking me from the investor group was bad form and showed me Ken’s unwillingness to answer pretty basic questions. It wreaked of manipulation to me. Not a good quality for a CEO. I said I would not be kind to the company or WDLF. Far overdue for Ken to deliver substantive progress on his plan, which is a liquidity event and getting a TBI company public and listed on an exchange.
Nothing is going to happen on the podcast that wasn’t announced in their PR’s. Ken will use some fancy words but nothing substantial will happen. I predict now the stock price the day after the podcast will not be above .001. Been down this road lots of the times the past two years. Big hopes, hanging on Ken’s every smooth talking word, only to be deeply disappointed followed by a declining stock price. And the market knows it evidenced by todays stock price performance, having closed down 10%, to .009. One might have thought with all the PR’s and hoopla that the stock price might actually move. But people know better. Ken’s credibility is completed shot at this point.
The news today was nothing more than some internal restructuring of their business.
Still waiting on an actual liquidity event.
“Outdoorsmen.com, Inc., a digital media, social networking and e-commerce technology company operating in the Hunting, Fishing, Camping, RVing, Golfing, Soccer, Cycling, Moto Racing, and Racket Sport sectors of the outdoor industry, announced today that it has completed the acquisition of HuntPost.com, WEnRV.com, GolfLynk.com, FutPost.com, CycleFans.com, RaceScene.com, RacketStar.com, EbikeLink.com, MorBoats.com, Fungilo.com, and has officially launched x2Fan.com.”
So Ken creates these niche social media sites and makes it sound like the “founders” of these companies came to him. He then creates a holding company Outdoorsmen.com to “acquire” these niche sites. All this is happening INTERNALLY. He is doing all this because they have yet to execute on a single liquidity event and is creating a structure that “sounds good” but is really nothing more than smoke and mirrors. This is beginning to feel like a Ponzi scheme to me.
“In the first quarter of 2023 we expanded our TBI program business model to include the possibility of acquiring companies that either participated in our TBI program, and/or merging with companies that enhance our ability to support global usage of dApps.”
Translation: If we can’t find anyone interested in acquiring companies in our TBI (which until now has been the case) then we will buy the TBI’s ourself. Smoke and mirrors. That’s what Ken does.
No one is going to touch MJ Link. They may have a LOI, but Ken also said he expected an acquisition of MJ Link before 2022 ended. Since it has been so long there must be major issues with any deal or concerns from any potential buyer. The weed business has been in the tank for a long time and that ain’t going to change any time soon, especially with the power the corrupted FDA has.
I’m still waiting on the announcement on the liquidity events Ken intimated were expected in November and “definitely by the end of the year (2022)”. Nada since in the last SIX months, without a word as to why they did not happen. Ken is a manipulator and I’m beginning to think a pathological liar. This may hit “quads” now. Company is a complete joke.
From Ken’s podcast in November 2022, when he intimated about a forthcoming acquisition of MJ Link, coupled with the LOI that was announced in Q1 2023, I assumed a liquidity event was not contingent on the banking act. Who know though since Ken doesn’t answer investor questions about why the acquisition has not yet happened.
I think for those thinking that .0011 or .0010 was a good price, they might find better value now that the stock price tasted .0009 today. Without updates on liquidity events, which is their core business, don’t see any relief on the stock price, especially after reporting a dismal $142K in Q1 revenues, off 51% sequentially from Q4 2022.
Since they filed their Q no one can use the excuse they are in a quiet period too. I’ve heard that a time or two the last thirty days. Time for some news. Let’s hear about a liquidity event they have been promoting for the last three years. So far, nada. Just empty words.
If they split any time soon before a liquidity event retail investors will be destroyed.
I hope I’m wrong. I own 17 million shares.
“I am constantly amazed how folks with access to all the same information,
can come up with totally opposite opinions !!! Just one . . .
of . . . the mysteries of Life - I guess !!!”
This suggests you are correct. So far from what I have seen the skeptics are winning the argument. You’ve seen my posts so I will not repeat myself. The ultimate result is the share price. At near .000 level, Ken Tapp is underperforming. And to think their internal valuation was in the $Billions. Laughable.
Go to https://www.wdlf.net. This is the sign on page.
“Ken is a fraud and the company is a scam".
This is not close to anything that I said. I will not be kind to Ken or WDLF on this board from this point forward. My feeling of Ken Tapp being a fraud came as a result of my being blocked from the forum.
To stay in the forum you got be part of the Ken Tapp and WDLF love fest. You cannot ask tough questions or question things without being blocked. It’s too bad but shows me a lot of who he is. I think he is a fraud and a manipulator.
Whether people agree with me or not I care not.
Last night when I tried to login. I couldn’t log in and it said my account was blocked. Ridiculous.
I agree. I gave him the benefit of the doubt for a long time. But to simply ask or state that Ken should stick to his word on the .05 commitment prior to a RS is a pretty simple request. Think about how many people bought shares or did not sell based on this commitment. And now this strategy does not work? And why won’t it work? Because Ken has been unable to execute on the liquidity events that he probably thought would take them to .05.
Bottom line is that they now need a new strategy to RS and uplist because of their inability to prove their business model works. And if actual shareholders ask questions about it they get blocked. This is the type of behavior that scam artists do as they attempt to control things around them so their fraud is not exposed.
Wow. I have been blocked from the WDLF investor website. Don’t even know why. I asked legitimate questions and suddenly I get blocked. You say I should ask questions which is exactly what I did and I got blocked. It was likely around my asking about the .05 commitment before doing a RS. From reading other posts I am not the first.
Unfortunately Ken cannot answer basic questions without getting defensive. Bottom line is he doesn’t have answers for the tough questions. And blocking someone who owns 17M shares is pretty darned weak. With $145K in Q1 revenues and six months after seriously intimating liquidity events were right around the corner, my position is that Ken is a fraud and the company is a scam. No other way to put it. Those are my thoughts and I’m sticking to it.
What is the significance or business impact of this number?
Q4 2022 revenues were $292,775. Q1 2023 revenues were $142,775. On a sequential basis that is a decline in revenues of 51%.
I would like to know why. It is highly unlikely Ken will tell us because he has never expanded on where revenues come from. And if one did ask him this question in the investor forum they would probably be blocked.
Last year as I recall a big bump in revenues came from collections on past due invoices. We have no idea where these revenues came from nor when they actual occurred. One thing Ken has never done is provide more transparency on where these revenues come from. Nasdaq companies do this.
For me I remain skeptical on the company’s business model and on Ken’s overall credibility. And until they actually execute on a legitimate liquidity event I will that way. Those are my thoughts…and I am sticking to them. We are about to see .000’s and I never thought I would say that.
$143K annual revenues is light. So much for 300% growth rate. Their annual revs were $942K for 2022 if I recall. Their sequential revenue growth has hit the wall. Disappointing revenue for me.
I added 100K shares at .0165 two weeks ago. Little accumulation when I can. Feeling good about that purchase.
Tough to say. Once the LOI was finally announced I could not help but go back and take another listen to that shareholder update. It is what it is. Q1 revenues should be coming out soon. That will tell me a lot about the revenue trajectory based on the touting of the 300% revenue increase Y/Y 21/22.
I feel the same way about the comments being misleading, especially when you put time frames on the comments. Perhaps things are out of his control. If that is the case then perhaps things are not what they appear from Ken’s position in the eyes of the other parties. Obviously there are issues now that I has been FIVE more months since that update.
Obviously the other parties have issues that have not been disclosed. If you are going to tease shareholders then tell the whole story. Based on the comments from 11/15/22 shareholder update I would have assumed an LOA would have already been executed. To make the comments back in November without an LOI being in place obviously leads me to think a liquidity event would not be possible. But yet he still made the comments he did with the November and year end timelines attached.
Ken is a master at building excitement with the types of comments that hint at things happening then the * comes, which is always the some things are out of our control line. That is a classic manipulator strategy and I just see through it.
You mention savvy and smart investors frequently. Another thing that savvy and smart investors do is question things and hold CEOs accountable for their words. I have never heard you question anything the company is or is not doing. That is your choice and I understand why you do that. I, however, have found Ken’s past comments, coupled with a lack of execution, to be worthy of scrutiny.
Finally you bring up Murphys Law. You are right there. If things can go wrong they will. It happens every time Ken speaks virtually. And this is why the stock is near .000’s.
The comments I refer to are not the podcast you reference. Rather it was from the 11/15/22 Shareholder update video. Link is at the bottom.
A direct quote from Ken from the update is below:
“The MJ Link liquidity event and the announcement of that is right around the corner. And I hope to have that put out before, certainly before the end of this month and definitely before the end of the year. Keep an ear to the ground for that news update.”
I interpret these comments as the MJ Link liquidity event being days away. How you interpret it is up to you. But it is this type of comment, coupled with their inability to actually announce a liquidity event over FIVE MONTHS LATER AFTER THIS QUOTE that has the stock price trading at a dismal .0011. It’s pretty clear to me their inability to close a liquidity event has this stock price in the tank, because their entire business model rests on this. As a result of this, I do not trust Ken’s words as it relates to liquidity events. What will change my level of trust is actually following through on his words and getting a liquidity event accomplished.
Apparently the “market” does not care about the 300% revenue growth from 2021 to 2022, particularly since their 2022 annual revenue was $933K. Not even $1M in revenues. The talk of this being a company ready for the NASDAQ is far fetched to me.
It’s actually been months, and in the case of liquidity events, years. Remember in Q4 Ken made comments that the liquidity events were a matter of days away. Here we are five months later and no liquidity events. His comments and corresponding lack of execution are exactly why the stock is trading at .0011.
I agree. An OTC that cannot hold a penny to uplist in the OTCQB is not near a NASDAQ Company. Until they can actually execute a liquidity event, they will remain on my skeptical list. If they actually execute a legitimate liquidity event then we can talk. All in my opinion.
How can anyone say they are a NASDAQ company trapped in the OTC when they have yet to hit $1M in ANNUAL REVENUE in any year; nor a liquidity event they have been promoting for years. Let’s see what their Q1 revenue is. Anything less than $750K will garner more skeptical comments from me.
“There are currently no drops or pills to treat dry AMD.” There will be.
If the business strategy is working then why haven’t they been able to close one liquidity event? They have been at this venture for a decade and haven’t hit $1M in annual revenues. I work for a small boutique HR consulting firm that does more revenue than WDLF. They then did an internal valuation which they claimed to be, what, $2B? Are you kidding me? Another example of the pie in the sky thinking and blowing hot air. They need to pull their head out of their butt and stop with the fluff talk and execute. Bring me a damn liquidity event to show us their business model is valid. Until they do that, all their talk is cheap.
Irony here is that I am long with 18M shares. I call it the way I see it. I appreciate your commitment to the company but it’s time to hold these guys accountable. Cheers!
90 million shares traded today. Daily low .0008 with a close of .001. Seems people are losing confidence in Management’s ability to execute on their plan, whose core objective was to close two liquidity events. LAST YEAR. Now Ken is saying the strategy to wait to .05 to R/S and uplist is not realistic. Why? Because they did not execute and complete any liquidity events when they said they would.
Some focus right now should be on completing one liquidity event. Just give us one for gosh sakes.
Totally agree. A non-commitment on the $.05 price prior to a R/S under the new strategy is a self indictment on their inability to execute their business plan, which at its core has been the liquidity events. That would be a disaster for their share price and trust from shareholders. Let’s get some liquidity events done before they do anything. Hope Ken is not too arrogant to listen.