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In the Outdorrsmen investor slide deck, they list three year financial projections including revenue. Does anyone know what calendar year Year 1 represents?
I guess we know how they have been paying people and providing benefits to their employees these last two years. It is criminal that people cannot get their money out of that MJ Link offering.
The hint of a massive liquidity event happened in November 2022, seven months ago.
There goes Ken once again valuing Outdoorsmen.com at nearly $1B. And here the cap sits for WDLF at $5.9M. Major disconnect with the actual market. I’d really like see some evidence of the 4.5M monthly active users he claims between the companies under outdoorsmen.com. I don’t trust the numbers. And to project that number will be 10X that to 50M users by end of the year seems pie in the sky to me. And to compare MAU value to that of Facebook and Twitter is a stretch. These companies actually have 10’s of billions in revenue. To me, podcast was more pie in the sky dreamland by Ken. Prove me wrong Ken. Let’s get a liquidity event done and let’s see the value of that event. Until then stop the dreamland BS.
More fake news. They’re not selling millions of shares. Your assertion is absurd.
Absolutely correct. I think there are far more skeptics than believers in this company at this point. Why? 3 reasons…
1) No liquidity events after all this time.
2) Reneged on .05 commitment before they would do an RS. Think of the people who bought shares based on this promise. And yes, it was a promise.
3) Blocked long investors for asking questions on their investor site.
None of this builds trust with stock holders. Ken is a fraud in my mind until proven otherwise.
The fact CUBT did a PR about opening a Japan office probably says something about funding. I don’t think they would be announcing this if some funding was far off. Asia is a great market with its aging population.
https://www.globenewswire.com/news-release/2023/06/06/2682969/0/en/Curative-Biotechnology-Announces-Establishment-of-Japanese-Subsidiary-for-Licensing-Transactions-and-Asset-Acquisitions.html
Why don’t you pick up the phone and call Paul Michael’s directly and ask him? I have had chats with the guy and he is very responsive. That way you can hear it straight from the horse’s mouth.
Disinformation. Nothing you state is factual. All speculation, which you do in nearly every post.
For every seller there’s a buyer. Good buys for you! Patience will pay off here eventually.
No it doesn’t.
I told you he’d get the shares.
Many don’t. It is huge news. Paul Michaels has great experience in the Japanese market. Gotta believe he is leveraging those past relationships to do future CUBT business in Japan. Been looking forward to hearing about this move for a long time.
Been wondering when they might enter the Japanese market. With Paul’s past history in Japan this seems like a great move. Also like seeing Paul running the show in Japan and becoming co-CEO of CUBT. Nice to see him more involved.
If they do a RS prior to any progress on their business, it will destroy shareholders.
The share price to uplist is the last thing they should be focused on right now. What Ken should do is commit to not doing a RS prior to a liquidity event since he has already reneged on the .05 price point.
They need a substantial liquidity event. By the way a liquidity event is not when they buy their own companies in their TBI program. That was s a Ponzi scheme in my mind. I can see that coming. Ken will call the company buying their own self created TBi companies as a liquidity event. The dude is so predictable at this point.
Totally agree. I am not buying the threat reason either. There has been enough backlash from him for blocking people he realizes it is doing more harm than good.
One thing about Ken is he has to control the narrative at all times.
$3.95M market cap right now after over ten years in business. And he had the gall to internally value his own company at over $2B (that’s BILLION) at some point last year. Shows you how delusional Ken Tapp is.
Not likely. This is heading quad land. The gig is up for Ken. You can only use smooth talking, and smoke and mirrors for so long. It is well past time for him and his cronies to deliver on a liquidity event and he has not been able to do so. and now he backs away from his promise to not do a RS before .05. The bleeding is just starting in my opinion.
They were Connectyx before Paul came along.
Of all the wrong doings people do, many people I know hate it when people lie or deceive them. It is an easy thing to fix. Stick to your word. It ain’t rocket science. When he blocked me from his investor club for simply reminding him of his commitment, the claws came out. I said then I would not be kind to this company. And I won’t until he regains my trust.
He actually will.
Here’s a reminder below of Ken’s commitment to not do a RS prior to a .05 stock price. There is no reason he can’t stick to this commitment, unless of course he questions his company’s ability to execute on their strategy and generate shareholder value. The comments about valuing shareholders are empty words at this point. And this comment was made one year ago. This is why I call him names like a fraud and a scam artist. When you back off your word you subject your character to attack. The easy way not to have your character attacked is stick to your word. And then blocking people from your “member” investor club for asking him to stand by this commitment just speaks volumes about his character. Yeah, I question Ken Tapp’s character. I hope he proves me wrong.
LOS ANGELES, CA, May 11, 2022 (GLOBE NEWSWIRE) -- Social Life Network, Inc. (OTC: WDLF) and Decentral Life, a Social Life Network, Inc. Division, announced today that it has formulated a stock split range of 100-to-1 up to 150-to-1, at a minimum share price of five cents, in order to qualify for an up listing to NASDAQ or the NYSE.
"Since announcing in May of 2021 our intentions to up list the company to NASDAQ or the NYSE, management has followed through on its commitment to protect shareholders through the process," said CEO, Ken Tapp. "Shareholders are often overlooked by companies focused on up listing from smaller stock exchanges, and we have never minced our words when pointing out how valuable our shareholders are for our TBI (Technology Business Incubator) business model. When we set out a year ago to structure the company for growth and qualifying for an up listing, our top priority was to make sure our shareholder base was kept intact through the process. So, formulating our eventual reverse stock split at five cents or higher became a critical goal of ours back in Q4 of 2021 when we first announced to shareholders that we would not conduct a reverse stock split until our share price reached that price or higher. I'm thrilled that we have formulated a reverse stock split of 100-to-1 up to 150-to-1. This means that we could execute the RS at five-cent share price or higher, to qualify the company for the initial bid price on NASDAQ or NYSE", add Tapp.
The management team is working toward meeting all of the requirements to qualify for listing on NASDAQ or the NYSE. A minimum bid price is one such requirement that must be met, that is typically achieved through a reverse stock split by companies currently trading on smaller exchanges under that minimum bid price. In addition to a minimum bid price, a company must meet all other minimum requirements. To learn more about the prerequisites to list on NASDAQ or the NYSE, please use the following links:
On YouTube search for “wdlf podcast” and you will find it. It is the one that is 36 minutes in length.
I just watched the outdoorsmen.com interview with Lynn Murphy and Ken. The information is interesting and there does seem to be an opportunity in the space. As an investor, I would have preferred to hear more information about their actual business model, like revenue growth, how they make money, user growth among the networks and most importantly where they stand on the status of their liquidity event and the much talked about purchase of the trade shows. The call really didn’t address the core topics that I, as an investor, am interested in hearing about. I’ve heard everything they discussed in other podcasts. They paint a rosy picture on these calls about the industry opportunities and market size, but rarely do they offer any substance on the progress of their business that matters most to investors.
P.S Really nice set for the interview. Part of that nice office they got. The wagon wheel, the floor lighting, the cozy atmosphere. They are good at window dressing their business.
I stand corrected on my comment about Twitter. Closing the “member” only investor forum, my comments stand. Not a good idea to have a member only forum where some but not all investors have access to the same information.
My guess is he probably started hearing that having a private “member” investor group is not looked upon too keenly by the SEC. How can anyone have a forum where some but not all shareholders are hearing critical if not material information from management. And he is saying he closed it was because of threats. Really? I am not buying it. This is another scam artist tactic in my opinion to deflect attention from the the core business issues. He should be focused on one thing, complete a liquidity event.
At least now everyone is blocked from the “member” investor group and not just those who were asking tough questions and suggesting Ken commit to his original .05 RS strategy.
What a joke. He closes Twitter. There were no threatening comments on Twitter. It is all BS. He just doesn’t like people making negative comments about his scam in any forums. More censorship by taking away avenues for people to ask good questions he does not have answers for. If he had a legitimate business he would not have had a “member” based investor group nor would he care what people said on Twitter.
We hear about “trips”; “quads” are coming for this crew. Not surprising. Scam artists can only hold back the dam for so long. Judgment is upon us.
It ain’t going to happen. He has proven time and time again that he is not a man of his word.
They can’t do all they are doing with $970K in ANNUAL revenues per year. How many small non public companies do more sales than this? Lots! And he is probably getting tired of draining his personal account to fund this. A few things below in no particular order that I think a fraud of a CEO might do…classic actions…
1 Fancy new office (how are they paying for this?)
2 Hiring a ex NFL football player, who by the way has a long rap sheet. Tries to get a big name to sell shares.
3 Promises no reverse split until .05 to get get buyers to fund operations. Reneged on that promise.
4 Does a $5M raise for MJ Link and you can’t get your money out if you invested.
5 Says two liquidity events are imminent back in November, “definitely by the end of the year” (2022) according to Ken. Nada since then.
6 Enters into a LOI for the purchase of MJ link in first half of 2023. Should have been done before comments he made about imminent acquisition above in point #5.
7 Cancels LOI for the MJ Link purchase. Probably back to square one.
8 Huntpost has 3,076 followers on Insta. They are supposed to be in the social media business yet can only garner 3,000 followers. And we are to expect them to complete a public offering?
9 After 10 + years in business, NO LIQUIDITY EVENTS, which is what they have based their business on.
10 Deletes people from their investor member chat room. Censorship at its finest.
You probably get the message here. All FACTS above. And I am a long investor here. I can’t sit idly by and not challenge what I see.
Let’s hope this is the case here. My hunch is that Ken has no cash and is desperate to to raise cash through a RS.
Get your popcorn out. We are witnessing a squirming CEO try to power his way through to an answer. His schemes are finally be exposed.
You were just one day off. Trips hitting today. This is what happens when you deceive shareholders and give false promises. This company is a complete fraud. Any long term and savvy investor could see this coming from a mile away.
Did he really say that? I wouldn’t know since I am blocked. If he does the RS at these levels he will be confirming what I have felt for a time now, that he is a scumbag. How many people bought stock based on the promise not to do the RS before the stock hit .05? I know I did. Now to disregard this would be criminal in my opinion. The SEC will become aware of this I can assure you of that. Not to mention that they haven’t even completed a single liquidity event which is what he was banking on to get the stock to .05. With each passing day Ken shows his true colors. He is nothing but a slick con man running a Ponzi scheme in my opinion. Hopefully any exchange will be smart enough not to approve any uplist. I will certainly be reaching out to whatever exchange he plans to list on. All of us here who have been screwed should do the same.
Because that is what Ken does. If you ask any tough questions he blocks you. Same thing happened to me for the same question. Ken knows the stock ain’t hitting .05 any time soon so they have to change their strategy. He is a con artist.
Got your message. Can’t reply to you since I don’t pay for this service. Not sure about the question you asked. It is a good question. I wish there was.
And he had the nerve to block you from the investor site when you asked questions about it. This is what scam artists do. Ken Tapp is way beyond kicking the can down the road. He is in deep here and keeps digging a deeper hole. He doesn’t know how to get out of this. Been thinking for a while he is running a Ponzi scheme of sorts.
In November 2022 Ken strongly hinted the MJLink was imminent in January, “definite by the end of the year.” Then they announce a LOI in 2023 only to Joe say it has been pulled. If you ask any tough questions in the investor board you get blocked. Ken is a fraud.
You should Google the question. Your approach does not provide any incentive to answer questions presented in that kind of tone.
Glad to hear the Q&A went well. Unfortunately I would not know because I was blocked from the site for asking basic questions and suggesting the commitment to the .05 Rs strategy. Probably safe to assume he did not get asked any tough questions.
So if you want to ask questions you have go to their investor site. How convenient. Let’s block the people who ask the tough questions then they won’t have to answer any tough questions. They have built a mote around their business. This is not transparency. This is shady business. In other words they will only report on the soft ball questions and never address tough questions. WDLF is a scam in my mind until proven otherwise. Complete BS only taking questions from their investor site. I certainly can’t ask any questions because he blocked me for asking what I considered a routine questions.