Well technically anytime anyone sells anything it is liquidating inventory...
I am not sure, but it appears to me that Spiral is still operational, just not current....I know they had the whole convertible debt note fiasco to contend with. That may explain why they went off the grid (in hopes to eliminate the debt through these types of sales and then get current again once the convertible debt could no longer be used to hammer the share price into the ground).
I would imagine that with millions of shares dumped in the open market the debt has to be close to satisfied at this point.
Just an idea.
I didn’t see a bankruptcy filing or any other typical end-of-business filings either. It is a bit wacky, but maybe there is a method to the madness here...
Coupled with the fact that Wiggy is still out there and using an updated app and the old corporate address of Spiral —- I am just not sure this company is really dead is all...
Following the charts is like driving a car forward while looking in the rear view mirror.
