Spindle Inc. (fka SPDL)

[Stonemonsta]

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