Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The White House is now asking the Food and Drug Administration to explore ways to standardize CBD rules and regulations throughout the country, in an effort to avoid confusion, establish standards, and streamline the permitting process. But so far, the Agency hasn't approved it for use in food or dietary supplements, which legal experts say is a direct contradiction of the new law created by the Farm Bill.
Another big concern has been protecting doctors and researchers who are studying medicinal uses for CBD. Psychiatrists are particularly keen on the compound, which they say can be used to safely treat a host of social issues. Dr. Raphael Bernier of the University of Washington says his team is hoping CBD "will ameliorate some of those challenges we see, reduce irritability, and increase social ability." The uncertainty surrounding the legality of both the testing and treating with CBD, however, have had a chilling effect in the research community, and funding has largely dried up as a result.
But the uncertainty isn't stopping the commercial market from exploding. According to the financial services company Cowen, Americans spent at least $600 million on CBD products last year, and that number is expected to climb over the $2 billion mark by the end of 2019, with projected sales reaching some $16 billion by 2025. And business owners say the potential for that kind of growth will keep them in the CBD business for years to come. "Every day is just like a new challenge between this and that," says Yakovlev. "But, when they come out with them, if you follow the proper guidelines, I think everything will be okay and sweet like honey."
https://www.foxnews.com/politics/white-house-tries-to-standardize-cbd-rules-and-regulations.amp
The Vitamin Shoppe is now started stocking its shelves with CBD soft gels.
Vitamin Shoppe will add CBD drops later this month.
CVS, Walgreens and Rite Aid all recently said they would carry CBD-infused products in some states.
https://www.cnbc.com/amp/2019/04/17/vitamin-shoppe-to-sell-edible-cbd-drops-as-interest-in-cannabis-surges.html
Carl's Jr. will test a CBD-infused burger at one of its Denver locations on April 20, making it the first national fast food chain to add CBD to its menu.
https://www.cnbc.com/amp/2019/04/16/carls-jr-will-test-a-cbd-infused-burger.html
This is the only difference I see...
“Having gained experience from the 2018 cycle, refinements have been implemented which suggest that the 2019 cycle should result in a 200% to 300% increase in production through which sustainable annual contract fulfillment may be efficiently achieved....
The founder’s expertise in scientific product formulation, combined with other specialized management and operational skills will serve to make the Company successful in this new and exciting foray into the vertically-integrated, “soil-to- shelf” organically-produced high-quality CBD and broad-spectrum cannabinoid products for use in pharmaceuticals and nutraceuticals—for both wholesale and retail consumption. Product “off-take” opportunities abound. Product testing and delivery is currently underway for third-party beverage companies; proprietary pharmaceutical products companies; nutritional products companies, and wellness product companies for both “private label” and “in-house” distribution to meet a vast and growing market opportunity ahead.”
Imo, when the Olesen’s think the products are ready they will sell well...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143988098
https://www.hempbizjournal.com/us-hemp-moving-forward-with-usda-organic-certifications/
Yup, been checking spindle.com for more updates, as most of it has been untouched since 2017... :)
$SPDL
I’ll tune it up, maybe add more on mgmt...
Oops, somehow I missed the resignation of Habib Yunus just before Wesser was appointed to the board. My apologies, any reference to Mr Yunus in the DD post I am replying to should be read as ‘former CFO’ , glad I caught that...I guess
You’re welcome, thanks for the sticky :)
That’s one of the reasons I am looking forward to the 10K. Vyapay’s incorporation and setting up in Arizona after the big third quarter meeting with Newtek looks positive to me though...
From the last Q...
On May 16, 2018, Spindle and VyaPay signed a non-binding Letter of Intent to enter into a strategic alliance between the companies, which the companies had expected to sign in the Third Quarter 2018, and now expects to sign in the Fourth Quarter 2018.
Vyapay DD for some light Sunday reading.
In September 2017, Spindle was introduced to VyaPay, a privately held, profitable, payment processing company desiring to become part of an existing public company in the payment processing space. On October 2, 2017, we signed a binding term sheet to acquire VyaPay. On December 31, 2017, the term sheet was extended until March 31, 2018, and on March 31, 2018, it was subsequently extended to April 6, 2018. On April 6, 2018, we signed an Asset Purchase Agreement (the “APA”) with VyaPay, which was stated to close on May 15, 2018.
On May 16, 2018, Spindle and VyaPay signed a non-binding Letter of Intent to enter into a strategic alliance between the companies, which the companies had expected to sign in the Third Quarter 2018, and now expects to sign in the Fourth Quarter 2018. The transaction would supplant the previously planned acquisition of VyaPay yielding many of the anticipated benefits and synergies, absent significant new share issuance which would have resulted in material dilution to current shareholders. Benefits of the alliance are expected to include but are not limited to:
·
Use of VyaPay Gateway assuring seamless integration for Spindle derived business
·
Enables VyaPay to run business through Spindle that it couldn't otherwise do as a private company while Spindle participates in revenue/profit share
·
Joint marketing and revenue sharing of a sophisticated banking platform currently under joint development. Platform expected to possess broad licensing opportunities along with generating merchant processing fees
·
Provides for consulting services with VyaPay CEO, Wain Swapp, in numerous areas of business development
·
Spindle preserves right of first option for potential later ability to acquire VyaPay...
During the Third Quarter of 2018, Spindle held a three-day strategic planning meeting at Spindle’s headquarters, including each member of Management, the CEO and CTO of VyaPay, and ownership from other strategic partners...
https://www.otcmarkets.com/filing/html?id=13071568&guid=fUw3UaGHcQsl4yh
-11-5-18
VyaPay LLC, (a Delaware Limited Liability Company located in California) incorporates in Wyoming
https://wyobiz.wy.gov/business/GetImages.aspx?sid=005235157252178154044027134159139069215113019149&stid=143081052037131049174101151060105191121240225143
-12-19-18
Vyapay inc of WY registers foreign Corp with Arizona
https://ecorp.azcc.gov/BusinessSearch/BusinessInfo?entityNumber=1931903
https://ecorp.azcc.gov/CommonHelper/GetFilingDocuments?barcode=18121915120746
As per recently updated Vyapay site, here is the additional address...
7047 East Greenway Pkwy, Suite 250 | Scottsdale, AZ 85254
https://www.vyapay.com/
Vyapay AZ is a 26 minute drive from Spindle
By the way...
VyaPay is a registered ISO/MSP of Citizens Bank, N.A., Eagle Bank, N.A., and Fifth Third Bank - Copyright ©2019
VyaPay is a registered Payment Facilitator of Worldpay *(WP NYSE)
Also, employment and revenue seem to be on the rise... https://www.zoominfo.com/c/vyapay/449219308
-Feb 19
Vyapay launches ‘Commerce for a cause’
and begins marketing with Sherrie Bryant
https://mobile.twitter.com/vyapay
https://www.linkedin.com/company/vyapay/
Nice resume Sherrie, you killed it at CAM
https://www.linkedin.com/in/sherriehollidaybryant/
-Interesting history here with Vyapay CEO H Wain Swapp, CTO(?) Chris Berlandier & Spindle CFO Habib Yunus, all formerly of Paystar...
https://dirigeant.societe.com/dirigeant/Hugh.SWAPP.28815206.html
(Google will translate)
Paystar and Nexcharge tech acquired by Net Element (NETE Nasdaq), love the targeted markets here...
PayStar delivers a Software as a Service ("SaaS") solution to financial institutions for their payroll and merchant management services. PayStar introduced its mobile remittance system in the Gulf Cooperation Council ("GCC") region, targeting a booming migrant worker population. PayStar aims to expand its mobile payroll and remittance services throughout the Middle East, starting with Qatar, United Arab Emirates ("UAE"), Oman and Saudi Arabia ("KSA"). In these markets PayStar has contracted with Commercial Bank of Qatar United Limited and National Bank of Oman, which positions PayStar to market its services to more than 15 million migrant workers. In addition, PayStar has contracts with Habitat Bank in Tunisia, Morocco and Algeria as well as Philippines National Bank in Philippines, Indusind Bank in India and ThamelRemit in Nepal. PayStar's mobile payments capabilities are available in KSA, through contracts with Mobility, a leading mobile network operator with an installed migrant customer base of 7+ million subscribers.
Nexcharge transaction processing platform was developed to make it easy for acquiring banks and Payment Service Providers ("PSPs") to connect with merchants in a secure, stable processing environment. It also allows merchants the ability to connect to numerous acquiring banks and PSPs in a convenient fashion without additional application requirements. Once Nexcharge has approved a merchant, that merchant is automatically approved within the network of integrated providers. In most cases the merchant will be unaware of the identity of the acquiring bank assisting with the transactions. The Nexcharge platform has adopted the Payment Card Industry Data Security Standard Level 1 (PCI DSS) with increased controls around cardholder data to reduce credit card fraud via its exposure.
"We are extremely excited about this opportunity. Positioning our companies on Net Element's worldwide platform utilizing our in-demand technologies allows Nexcharge and PayStar the opportunity to extend and grow into those market verticals that Net Element has already penetrated," states Christopher Berlandier, Founder.
https://www.netelement.com/press-releases/release-content/980557#.XIhkk7opCEc
https://www.zoominfo.com/people/Christopher/Berlandier
https://www.corporationwiki.com/p/2jc1pg/christopher-berlandier
Just the tip of the iceberg for Berlandier...
On to Habib Yunus, CFO of Spindle
https://www.linkedin.com/in/habibyunus/
A Certified Public Accountant (CPA) and an experienced executive with a successful track record of leading teams to deliver results, Yunus previously served as the Chief Financial Officer and Senior Vice President of Nasdaq listed Payment Data Systems, Inc. from March 03, 2015 to December 30, 2016. He was responsible for successfully leading the company's uplisting from the OTC Market to NASDAQ, while managing its public reporting requirements including SEC filings, corporate governance and forecasting.
https://ir.spindle.com/press-releases/detail/113/spindle-inc-names-habib-yunus-chief-financial-officer
-Coming up soon
ETA and Worldpay to Launch Payments' NexTen for Payments Technology Startups at TRANSACT
https://www.prnewswire.com/news-releases/eta-and-worldpay-to-launch-payments-nexten-for-payments-technology-startups-at-transact-300804042.html
Vyapay will be in the mix, some big names as well...
https://www.electran.org/events/etatransact/2019-transact-attending-companies/
In closing I would like to say it’s somewhat encouraging to see Spindle’s strategic partner Vyapay making such positive movement since the third quarter meeting which was discussed in the last 10Q, let us see how Spindle reciprocates in the upcoming 10K, which I am looking forward to with great anticipation.
$SPDL
CFGN not getting much @ 22
You’re very welcome but I think you’re supposed to sticky before it gets that old :)
Sticky worthy post!
You, Horst and Pennywhale are on point imo. Looking forward to the next progress report here, they seem to be adding up nicely and the PR frequency suggests we see something this week... $TNRG
Thanks OMO, interested and itching as well.
Judging by this volume, I don’t think anyone is paying attention...
Oh well, very happy with my 41’s as the connected dots are starting to look like a rocket ship.
Shout out to our videographer, I see you baby! Shakin’ that ass!...
You’re a beast!
Wesser and Gueler were with NAPW before and after IPDN (nasdaq) bought them out-
https://www.linkedin.com/in/cjwesser/
https://www.linkedin.com/in/waltergueler/
H Wain Swapp of Vyapay...
Background
Hugh Wain Swapp I.C.E. is the Founder of Neos Merchant Solutions Inc., a subsidiary of International Card Establishment Inc. and serves as its Chief Executive Officer and President. Mr. Swapp served as Chief Financial Officer of International Card Establishment Inc. from March 21, 2005 to March 28, 2007. He served as the Chief Financial Officer of Neos Merchant Solutions Inc. Since 2002, he was primarily responsible for the day-to-day operations of NEOS, and its sales distribution channels. From 1999 to 2002, he served as President of E-Commerce Processing (ECP) and from 1993 to 1999, he served as the National Vice President of Sales for three years at Lynk Systems, where he opened 37 offices and built a portfolio of more than 70,000 merchants generating $3.5 billion in sales volume. From 1992 to 1993, he served as the National Director of Sales for Deluxe Data and from 1991 to 1992, he developed and implemented a regional sales program for PMT Services, and spent 4 years as a Regional Manager with Nabanco, from 1988 to 1991, where he was instrumental in taking that division from start-up to more than a $3.0 billion portfolio over that period. He served as a Director of International Card Establishment Inc. from September 8, 2004 to March 28, 2007. He also served as a Director of Neos Merchant Solutions Inc.
https://www.bloomberg.com/research/stocks/private/person.asp?personId=9427553&privcapId=9391113
jet101, I agree that the most recent 8k/a is stating that the Vyapay acquisition will not be happening however, I think the reason was to avoid dilution and to instead transform the acquisition into a strategic alliance for now, which will still benefit Spindle and Vyapay.
Per the last Q released 11-19-18...
“On May 16, 2018, Spindle and VyaPay signed a non-binding Letter of Intent to enter into a strategic alliance between the companies, which the companies had expected to sign in the Third Quarter 2018, and now expects to sign in the Fourth Quarter 2018. The transaction would supplant the previously planned acquisition of VyaPay yielding many of the anticipated benefits and synergies, absent significant new share issuance which would have resulted in material dilution to current shareholders. Benefits of the alliance are expected to include but are not limited to:
·
Use of VyaPay Gateway assuring seamless integration for Spindle derived business
·
Enables VyaPay to run business through Spindle that it couldn't otherwise do as a private company while Spindle participates in revenue/profit share
·
Joint marketing and revenue sharing of a sophisticated banking platform currently under joint development. Platform expected to possess broad licensing opportunities along with generating merchant processing fees
·
Provides for consulting services with VyaPay CEO, Wain Swapp, in numerous areas of business development
·
Spindle preserves right of first option for potential later ability to acquire VyaPay “
This leads me to believe that Vyapay is still very much involved here with Spindle and Newtek.
I expect to see an LOI on this strategic partnership next and see no reason for Spindle to be considering any other acquisitions prior to establishing some business with the Newtek suite and applying for/obtaining their ISO, in order to keep with minimizing dilution much further than they’ve already had to.
If these actions that have been laid out in the last Q are in fact executed, it stands to reason that Vyapay will indeed be the next acquisition imo.
https://www.otcmarkets.com/filing/html?id=13071568&guid=A3DtUFYv2uFRD3h
This is it imo, too much going on here in the dd, i think it jumps up soon with an update
‘More so than most’ in regards to transparency?
I would think if they wanted to be dirty about it they would’ve gone current and diluted before an RS, there is plenty of room for it...
So it turns out the company has been transparent since takeover, is making progress on the hemp front and is not exhausting the AS before an RS... thoughts?
Bring it on, there’s a white knuckle muckle on my shares!
Yup I’m still spinning from OMOLIVES tidal wave of speculation...and the immediate pr that followed
Thanks, also noticed more changes on the Celexus news page...superfluous, but changes
Thanks, did that just start today?
Anyone else seeing Celexus inc on their TLPY quote?
Yeah what a pos
Congrats
WSRA WATER AND LAND DD
(aside from Palisade)
http://www.dwr.state.co.us/WellPermitSearch/default.aspx
More options-applicant-Western Sierra
2 well permits appear
Map option places wells in Hayden just south of the Yampa River
While exploring filings notice:
Robert Noone (registered agent)
Johnson Ranch lots 2 & 5
Hidden Springs Ranch (Robert Noone)
2500 gpm pump rate combined
Artesian (notes)
Permit #’s
66138-F
https://dnrweblink.state.co.us/dwr/DocView.aspx?id=888762
66139-F
https://dnrweblink.state.co.us/dwr/DocView.aspx?id=888766&cr=1
-MUST READ about CEO-
My name is Roger Johnson and I am the manager of Grassy Creek Holding Company, LLC (GCHC) and also a manager of Mountain Adventure Property Investments, LLC located here in Steamboat Springs. Grassy Creek Holding Company currently owns approximately 3200 acres of land along the Yampa River in Routt County between Steamboat and Hayden in Routt County.
Ron Sills, my partner, controls 4S Development, Ltd. (4S) which currently owns approximately 1365 acres in and near the City of Hayden in Routt County. Ron is the current President and CEO for Mountain Adventure Property Investments, LLC.
We are both in the land development business.
http://hiddenspending.com/Dox/Question%20G--Letter_to_Routt_Sheriff_-_R_Johnson%5B1%5D%5B1%5D.pdf
This accounts for three subdivisions that the water has been servicing for eight years AND reveals the potential of ample farmland along the Yampa River between Hayden and Steamboat Springs!
I can’t believe no one is talking about Johnson.
$WSRA reversal in progress
Just discovered I put my boxers on backwards!
Especially great to see when it’s revealed that the person who had been standing out in the DD for months prior with neon lights and blinking arrows pointing at him has become CEO.
Also noticed in the Q an increase of approx. $365K of costs capitalized in conjunction with the further development of water rights...
HELLOOOO~
https://backend.otcmarkets.com/otcapi/company/financial-report/207116/content
Roger Johnson, President, Director, CEO
Mr. Johnson is the President and C.E.O. of Western Sierra Resource Corporation. Mr. Johnson has a history of over 40 years in entrepreneurial business ownership and senior leadership roles in real property investment, property management, REITS, mortgage lending, real estate development, and natural resource development (including water, land, agriculture and minerals). During his career, Mr. Johnson has individually, and in partnership with banks, securities firms, national and regional corporations, private companies, and private investors established numerous businesses and developed thousands of acres of land for a variety of residential agricultural, and commercial uses.
C’mon! I want to see what’s up Johnson’s sleeve!