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Friday, June 02, 2023 3:46:07 PM
We will try to answer the many R/S questions posted here on the shareholder message board (and through the emails we have received today), in the following three responses:
1. Will an R/S happen above a certain amount (E.g. $0.01, $0.02, $0.05, etc.)? ?Answer: We have no idea what the stock price will be at the time in which we need to conduct the R/S in the next 24 months. ?NOTE: Even though our PRE 14C was filed today, many months will go by before it could potentially be approved by Finra. Why? because any time a company files a 14C Information Statement, at least 30 days must pass before the SEC makes it effective, and then if a company want to immediately move forward with an R/S they still would have to get Finra to approve it, which could take many months for them to complete their review. Does everyone remember how long it took just for the Name Change to be approved by Finra? It was 8 months. That extremely long review and approval period is why we've calculated the need for a 24 month window.
2. Why do an R/S if the company is not yet prepared to uplist or get too NASDAQ or the NYSE yet, based on current revenues? ?This is a great question from people who do not understand our business model, or think that revenue is the only way our balance sheet and book value grow. Our business model includes the acquisition of other companies, which comes with their revenue, IP (Intellectual Property), customers, partnerships, etc. In short, meaningful roll-ups of other tech companies or companies dependent on our tech. This means that when the company is prepared to move to NASDAQ or the NYSE, it will roll-up other companies to become a much larger organization (Portfolio of Companies). That means the TBI program, which is just a division of our company, can expand to incubate more companies that can potentially be added to the portfolio of companies in the future - over time.
3. What is the company going to do between now and when the R/S would take place, to increase the share price so that the R/S isn’t executed at $0.001 or lower? ?Simple, but obvious answer: We’re going to continue to operate our business model and focus on adding greater value to our balance sheet (through revenue and getting TBI companies to their liquidity events - Acquisitions, Mergers or IPO’s). Our business fundamentals are and have been sound for more than 10 years, we’ve shown a strong track record of growth over the past few years, and as a result we have attracted many institutional investors that support our business model. If retail investors do not see the same business model growth and long-term potential for the company that institutional investors see, we will likely watch more of our stock trade hands from short-term holders of our stock, to long-term holders of our stock that understand the potential. In other words, the same thing that we’ve been seeing for the past few years as we have continued to execute our business model.
If you have additional questions that were not addressed in the above, and that have to do with our business model - PLEASE ASK THEM AND WE WILL GET BACK TO YOU IN THE NEXT DAY OR SO.
In the meantime, we hope you get a chance to watch part 1 of a 3 part series that starts tomorrow (June 2nd @ 1:30 PM Pacific Time), that we discuss Outdoorsmen.com and its business model, growth strategy, and plan for going public.
~$WDLF / Decentral Life ~
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