Decentral Life Inc (WDLF)

[Pugsieboy]

KEN TAPP ALSO OFFERED UP THE TRUTH ABOUT THE BILLIONS IN DILUTION IN THESE EMAILS BELOW JUST IN CASE YOU MISSED THEM:

Ken Tapp

Thu, Dec 10, 7:13 PM (2 days ago)

to me
Hello ---------------------------

My apologies for the delay in responding. 100's of emails coming in, all with the same concerns... and it is taking much longer to answer everyone.

There seems to be a misinformation campaign on the message boards about our company and its been an enormous distraction to management this week and last. That's why I put this video out yesterday on our website, and next week we'll start our investor podcast updates.

https://vimeo.com/488995438

For starters, whatever conversions that have been taking place this past week from our 2019 debt holders, is out of our control. They are going to convert whenever they want (just as they have been this past year) without any concern with what's best for the company and the shareholders. Despite the continuous efforts that we make to communicate with them and arrange the eventual payoff of their debt, they hold the right to convert when they want to and we simply do not have a say in the matter.

BUT: What we now know, by doing basic math, is that over the past week or so 1+ billion shares had been issued to debt holders (listed in our 10-Q's this year... on pages F14, F-15 and F-16) by our transfer agent. Keep in mind that company management is never kept in the loop on when debt holders convert, until after they do it... and only if they are kind enough to share that information with us. Typically we find out when shareholders on the street find out, and then we get stuck cleaning up the investor relations mess.

I know that many of the misinformation campaigns on message boards that I have been able to read, are pointing the finger at WDLF, calling it a pump-and-dump, which is complete nonsense. Especially given that we're a 12(g) reporting company and we would have to file an 8-K if management ever sold a single share (which by the way, since becoming a public company in June 2016, not a single share has ever been sold by management or any of our private investors). So it amazes me how many day traders are out there that don't have a clue about any of the SEC filing regulations a public company must abide by, if it's a fully reporting company (as we are).

As far as the massive sell-off this week, it mathematically couldn't be the recent debt conversion because it only represents 10-15% of the total share volume in the past week (assuming that the entire 1+ billion shares converted, was 100% sold into the market).

What is more likely (if you do the math), is that given our stock price was between .0001 and .0005 from March through November, anyone buying shares during that period has probably sold this past week... out pacing the buyers... and driving down the share price. That is far more logical (my opinion) given that more than 3.3 billion shares were converted by debt holders (according to our 10-Q filing linked below) from Jan - September of this year.

https://www.otcmarkets.com/filing/html?id=14503982&guid=fQgqUF3XHrm4h3h

Beyond that, I can only randomly guess as to what is driving the sell off.

I hope synopsis and analysis of the situation helps.

We will elaborate on this and share more information about the company (business model, industries we operate in, etc.) on our new bi-weekly podcast that starts next week. This should clear up many of the questions that are circulating on the message boards, we hope.





From: Ken Tapp [mailto:[e-mail]]
Sent: Wednesday, December 9, 2020 11:23 AM
To: Stuart W Chase <[e-mail]>
Subject: Re: FW: Confusion

We're seeing that too, and trying to figure out which lingering debtor is converting without telling us. I have a call into the transfer agent to get an update.


KEN TAPP | CEO
Social Life Network, Inc.
M 303-324-7668 | E [e-mail]

www.SocialNetwork.ai




https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160140570

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160140607