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No way this should be trading on the same levels with stocks like DR*S. Market will correct itself, have no fear.
Because the last price that would have been quoted under WDBG was at trips (pre RS)
Not sure if there is anything left to cross with this stock lol
1. RS
2. Increase in AS
Only news of substance relating to the stock we have gotten recently. And only actions that happened efficiently and timely. Still waiting on that acquisition news from early to mid January, not to mention filings........
Today's action is all you and your dd bud! lol
D is off so what now? Is there some other event we are waiting on now?Do We get more linkedin posts to read? He didn't even leave us with any "wonderful and informative" posts to pass the time with today. The one thing he was doing!
Absolutely ridiculous!
Well tomorrow is the day i guess. Either we see some kind of news/filings and this thing moves for us, or we hear about the next 'event' that michael is supposedly waiting on to release stuff. At least he is kindly providing us with 'wonderful' linkedin reading material in the interim.
Is it just me or did l2 become extrmely thing on the upside?
agree!!!!!!!!!!!!!
It's fine, they are resetting the RSI for the next leg/s up, so no worries.
They weren't kidding about being aggressive with their acquisitions.
Given that they are on the bid too, it can be retail. Or they are/were shorting.
When you say more news, other than the RS and the increase in AS, what other "news" did we get? Still waiting on that acquisition news from Jan
Gotta get rid of OTCX
That's what i expect as well. What i don't want is a long lull period before we get updates.
Agreed. I'm pretty stoked to hear about the financing deal.
“The Company's increase in authorized shares is the first step in a logistical move designed to allow for the reserves necessary to bring in more advantageous financing and eliminate previous, less advantageous financing."
Removing convertibles to deal with for possibly the remainder of the year at the very least would be huge!
Need to break resistance at 0.0016. I'm hoping by mid next week we get details about the new financing deal.
how? it's going the wrong way...last week we thought bottoms were in, this week we broke into trips again, not sure where all this selling is coming from.
That's why my big buys was @0.003, lol. Management dropped the ball putting this update out together with the NVSOS amendment, but how many penny stocks do you know partner with huge, liquid trading nasdaq stocks? Most of the companies that OTC stocks typically partner with down here are POS OTC companies that are at no bid or no one cares to trade them. Folks fail to see how rare that is.
"During the Third Quarter, Management worked with Newtek to acquire and begin the process of white-labeling Newtek’s marketing and digital materials. Management expects, in mid to late Fourth Quarter, to be able to launch a full business services website which will reflect the Company’s ability to deliver all services Newtek provides, but with Spindle branding. This will allow Spindle to leapfrog development time and expense necessary to build such a suite of services on its own. Management believes this suite of services, along with accompanying marketing materials and web properties, will allow the Company to better approach, sell and close its existing pipeline described below."
That is what i expect the next update to be, together with updates on a new financing deal.
People need to read the last 10Q and see what the targets referred to were. We get updates on a couple of these as being completed, as well as details on a new financing deal taking out existing debt, and we'll be off in a hurry. Once the lull period between today's news is short, this could continue to trade up for quite awhile!
Possibility of notes being taken out for better financing. Updates on NEWT seem to be nearing as well. Should be a very nice reversal of the recent panic sell!
“As I speak, I believe that we are close to achieving several of the critical early benchmarks identified as necessary to support our strategic plan, and we remain committed to providing more detailed information about our progress as it becomes permissible for us to do so."
May be an interesting 2 weeks. Let's hope for more communication going forward!
PR is out wrt to the increase in AS
"“The Company's increase in authorized shares is the first step in a logistical move designed to allow for the reserves necessary to bring in more advantageous financing and eliminate previous, less advantageous financing. Share reserves are commonplace with convertible notes and are set at a higher multiple of the shares than will generally be issued upon conversion. Reserve shares are held by our transfer agent and are not issued and outstanding. Based on the present conditions, Spindle believes that its actual reserve requirement necessary to source new financing would be significantly less than the total of the newly authorized shares.”
Well this is utterly disappointing....
We do need them to provide us with that update though, at the very least.
Exactly, trade the OS, not the AS. We all know there were notes converting which sadly brought the share price down to 0.00's. Management screwed up by not having a pr to go with the AS increase, no ifs but or maybe, but the AS increase is definitely not for dilution purposes. If anything, i can see it being a capital injection for working capital and to take out some or maybe most of the notes due to convert the remainder of the this year. Bounce is due IMO. Just need management to put out the news.
i'll just park my 0.0028's and check on it in 6 months or so........geez
Amen! if you are holding and venting, no problem. If you sold move on
But i still believe once the clarification drops, we will see a nice bounce.
They have dropped the ball with it. Worst allowing it to remain unresolved on a Friday.
Thanks MB. Ignore the noise, glty in your other plays. I do strongly believe this bounces hard once clarified.
So how is this bad? they are refinancing, not issuing, so meaning on friendlier terms not so? Won't that mean more than likely they replace toxic funding and take out the upcoming convertible notes, while having a capital injection?
haahhahahaahahahahahahaahahahaahahaahahahahahaa
"Taking into account that the AS increase makes no sense if they just wanted to dilute, given their current SS"
I cannot stress this enough!!!! they had 750M at their disposal if they so desired, people really think they needed to increase the AS to "sell shares"? With the average 30 day volume being 15M, and less going further back?
All that irks me is how many of those shares we would have to go through againnnnnn, on the way back to 0.003's. I have no fear that we will get there and beyond, but the process of 2 steps forward and 10 steps back is irritating.
Stop losses probably hitting
Looking for the bounce from the overreaction, then back to consolidation above .003's
Yes sir. Peeps seem to overlook where he came from and what he did prior! He did drop the ball by not making sure the pr came sooner, but i believe we see some correspondence by tomorrow. Correction to the over reaction coming to a cinema near you imo.