WDLF Closed Up 41.18% As Investors Become
Increasingly Bullish About NASDAQ Listing Expectations.
Social Life Network, Inc., (OTCMKTS:WDLF) saw a close up 41.18% yesterday making it stand out as one of the biggest gainers on the OTC Market for the day. The big move came as a result of continued positive sentiment from investors toward what has thus far appeared to be management that has remained steadfast in behaving in the best interest of investors.
Recent Price Action on WDLF Is Due To Expectation That A Reverse Split To Begin A NASDAQ Application Would Not Be Enacted Until The Stock Hits A Minimum Of 10 Cents:
The biggest price driver to that effect was a prior form 8-K filed on 5/11/22 stating that the company is interested in enacting a reverse split to begin NASDAQ filing proceedings but that this reverse split would not be enacted until the stock saw a move to a minimum of five cents per share. Due to the companies stated interest in up-listing to NASDAQ, investors took the mention of no reverse split to do so until the price hits at least five cents, as it being a near certainty that the price would get there. It is of course, always important to remember that there are no guarantees when it comes to the performance of penny stocks but it is good to recognize that factor in the recent heightened interest in WDLF, to better understand the mindset of investors here.
WDLF Is A Fully Audited Pink Sheets Current Stock:
WDLF is a rare breed within the penny stock market, in that it is Pink Sheet Current with fully audited financial filings. This is a situation that we would always mention is good in that it often alleviates risk in that audited financial filings instill investors with greater confidence in believing that the companies filings are legitimate due to a third-party signing off on them.
This Is What Social Life Network Inc., Does:
Social Life Network, Inc., uses blockchain and AI technology. The companies blockchain ecosystem rewards social networking users with WDLF ERC20 utility tokens for creating their own social experiences. The tokens are steadily minted through the users own social networking activity. The companies “Social Life Network division is a Technology Business Incubator (TBI) program that provides tech startups with guidance and executive leadership, making it easier for startup founders to reach a liquidity event such as an IPO or M&A. Social Life's TBI companies operate in the Hunting, Fishing, Camping, RV Travel, Motor Racing, Racket Sports, Cycling, Golfing, Cannabis, Hemp, Space Exploration, Soccer, Blockchain NFT, and Residential Real Estate industries.”
While we do of course caution again that there are no guarantees that WDLF will ever hit the required 5 cent minimum to begin the reverse split process for a NASDAQ application, the fact that that minimum share price expectation looms with many fully believing that it will get there to complete the application process, could see further interest come to this one. We suggest keeping WDLF on your watch list for the potential of further developments.
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