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Posted On: 02/06/2021 8:06:32 AM
Post# of 169
his is GREAT news people
todays 8k-
SOCIAL LIFE NETWORK, INC. UPDATES SHAREHOLDERS ON CURRENT DEBT STATUS
LOS ANGELES, CA / February 5, 2021 / Social Life Network, Inc. (OTC:WDLF), announces today this Shareholder Update presenting the most up to date assessment of the Company’s reduction in Convertible Notes for the 12 months ending September 30th, 2020, and the period beginning October 1st, 2020 and ending February 5, 2021.
As of October 1st, 2019, the Company reported $677,151 of Convertible Notes. Through a combination of debt paydown and note conversions, the convertible debt plus accrued interest was reduced to $370,986 by September 30th, 2020.
Additional convertible debt plus accrued interest was reduced from October 1st, 2020 through December 31st, 2020, resulting in a convertible debt liability of just $111,351.
From January 1st, 2021 through February 5th, 2021, the Company further reduced their convertible debt, resulting in a remaining convertible debt liability of just $77,000.[/b]
“We are pleased to have significantly reduced the Company’s convertible debt burden over the past 16 months,” said director Todd Markey. “Adding to our success by reducing our total remaining debt liability of $111,351 at the end of 2020, we have further reduced that liability to $77,000 as of today. The significant and ongoing reduction in our debt until it is at zero convertible debt, provides us with a stronger balance sheet in 2021, and should provide shareholders with a greater sense of confidence that we have their best interests at heart.”
todays 8k-
SOCIAL LIFE NETWORK, INC. UPDATES SHAREHOLDERS ON CURRENT DEBT STATUS
LOS ANGELES, CA / February 5, 2021 / Social Life Network, Inc. (OTC:WDLF), announces today this Shareholder Update presenting the most up to date assessment of the Company’s reduction in Convertible Notes for the 12 months ending September 30th, 2020, and the period beginning October 1st, 2020 and ending February 5, 2021.
As of October 1st, 2019, the Company reported $677,151 of Convertible Notes. Through a combination of debt paydown and note conversions, the convertible debt plus accrued interest was reduced to $370,986 by September 30th, 2020.
Additional convertible debt plus accrued interest was reduced from October 1st, 2020 through December 31st, 2020, resulting in a convertible debt liability of just $111,351.
From January 1st, 2021 through February 5th, 2021, the Company further reduced their convertible debt, resulting in a remaining convertible debt liability of just $77,000.[/b]
“We are pleased to have significantly reduced the Company’s convertible debt burden over the past 16 months,” said director Todd Markey. “Adding to our success by reducing our total remaining debt liability of $111,351 at the end of 2020, we have further reduced that liability to $77,000 as of today. The significant and ongoing reduction in our debt until it is at zero convertible debt, provides us with a stronger balance sheet in 2021, and should provide shareholders with a greater sense of confidence that we have their best interests at heart.”
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