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:
