![](https://investorshub.advfn.com/uicon/745142.png?cb=1614432986)
Friday, February 12, 2021 4:12:44 PM
The company announced Dec 31st/2020 a reduction in their operating costs from 3.176milion$ down to 456,000$ mostly due to Mj Link becoming its own entity through their IPO. This reduction in their operating expenses increased their working capital by 2.6 million$. See Dec 31st 8K
https://www.otcmarkets.com/filing/html?id=14593749&guid=jz6KUpytg4-vB3h
Also reported by the company last week the Escrow for MjLink is almost complete for their IPO, in which Social Life receives 350,000$ from that escrow for repayment from MjLink for a loan Social Life provided to them. See the last podcast and tweet.
$WDLF Subscribe to our new MjLink YouTube channel. New podcast series starting this month. Dates-times will be announced next week. MjLink's Reg A pre-IPO offering will break escrow soon. Off to the races the day after. https://t.co/Dfs5oOxMem
— Decentral Life, Inc. (OTC: WDLF) (@Decentral_Life) February 5, 2021
https://www.socialnetwork.ai/podcast
Everyone also know when these companies finish their conversions there will always be some over hang to deal with which is what we are accomplishing now. As well also most people know when fools like you show up trying to play hero looking for a lower entry, they mostly tend to hit that ignore button pretty quick. But keep it coming pal this is fun!
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