...and that broad shareholder base is so energized by the Yowza!! re-branding that they can't even be bothered to vote their proxy.
Dwindle should have just changed the name to Yippie!! and saved the three and a half million in cash and stock...
Down 90% over the 52-week period it probably doesn't make much difference if its at $0.15 or $0.21, however I take your point, everything has probably been discounted except for bankruptcy which is inevitable if they don't do something soon. This thing hasn't traded in three days, and if that is the good news, then it is pretty thin soup. I wish you the best of luck.
I didn't cause the revenue to decline, it is a fact reported by the company in their 10-Q. There was a lot of speculation on this board that revenue would ramp in Q1 apparently based on the comments from the company in their latest Shareholder Update. That did not prove to be the case, in fact they declined. If you can't handle facts, then you are in the wrong place. Sorry, your feelings were hurt by the facts, but the messenger doesn't care.
" The Company is significantly dependent upon its ability, and will continue to attempt, to secure equity and/or additional debt financing. The Company has recently issued debt securities and may conduct an offering of its equity securities to raise proceeds to finance its plan of operation. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern."
So, if these guys are so smart in this industry, then why didn't they model out a business plan top to bottom, go to a VC and raise some cash, hire some engineers to develop the platform, test it, and then bring it to market? Instead they rushed into this reverse merger public shell thing, which left them with no viable product and no cash to do anything about it. What a monumental mess.
Revenue for Q1 2015 was $165,047 down YOY from $297,925 in Q1 2014 and down sequentially from $192,000 in Q4 2014.
Cash ending Q1 2015 was $127,637 down from $169,807 in Q4 2014.
The 2015 Annual Meeting of Stockholders will be held virtually at 10:00 a.m., local time on May 12, 2015.
You may attend the Meeting via the Internet at www.virtualshareholdermeeting.com/SPDL15.
Agree it could have been compelling, however 14 months after the big Yowza acquisition, Dwindle still doesn't have a mobile app, and they don't have a Chinese JV partner to take them out at any price, either. The Guru's who repeatedly said that this was certain to be acquired soon, and for more than the paltry $800M that PayPal paid for Braintree, and that revenue didn't matter, missed on all counts.
Oh, and to the new ID Lurker moron, Dwindle doesn't trade like this because it is on the OTC, lots of OTC listed companies trade in volume with decent bid ask spreads, Dwindle trades like this because there is absolutely ZERO interest in it. There is ZERO interest in it because NOTHING the anonymous Seeking Alpo and Multi-ID Yahoo pumpers said ever came true, and because NOTHING the company promised or did, generated any value. Anyone surprised the Meeting is "Virtual"? Can't wait to see the PR cover. How do you explain a reverse 10-bagger?
valuation metric? are you serious?
How about the "cost to keep the lights" on divided by the "number of shares you can sell at a nickel".
The Disappearing Ratio: Market Cap divided by the number of Directors and Officers who resigned in any TTM period.
The Meaningless Agreement Factor: The number of agreements signed with companies that no one has ever heard of, times ZERO money, over last twelve months.
The 200 day exponential moving average of 52-week New Lows.
The number of years it takes to develop a mobile app multiplied by the number of exclamation points you can put behind YOWZA!!!!!!!!
It's all good though, Bill is still giving speeches and the Guru's and Lurkers are still making up new ID's and say they are buying...but they don't bring any money?
2014 was quite a year for Dwindle-
Four Directors resigned, Ide, Reardon, Page, Meinerz.
Two Executive Vice Presidents left the company, Tom Lineen, and Michael Stevens.
The CFO, and BOD member Meinerz didn't last even one year before resigning.
The Yowza Mobile App wasn't delivered.
Revenue declined about 33%.
The Shares Outstanding increased god knows how much.
The Guru's left the building, and you holding the bag.
The stock did a perfect reverse 10-bagger.
"The recommendations of our Board are set forth together with the description of each proposal in this Proxy Statement. In summary, the Board recommends a vote:
FOR the election of the nominated directors (see Proposal 1);
FOR the approval, on an advisory basis, of a vote on executive compensation to be held every one year (see Proposal 2);
FOR the approval, in an advisory capacity, of the compensation paid to our named executive officers (see Proposal 3);
FOR the ratification of RBSM as our independent registered public accounting firm for the fiscal year ending December 31, 2015 (see Proposal 4).
LOL, why not?
DEF 14/A filed 4/29/15
So, will we hear of the "major news announcement is rumored" posted by new the ID arzy415 Guru, on or before the meeting? Will it be the long delayed Yowza mobile app? Or could it be an agreement with a company someone has actually heard the name of? Or will it be something new and creative? Stay tuned.
The board must inform you that you have failed the investors Darwin test. Please go sit in the back row with the Crashmaster and study that 52-week chart.
That is all.
Effective Date: April 27, 2015
"This prospectus relates to the offer and sale of up to 4,924,353 shares of common stock, par value $0.001 per share, of Spindle, Inc., a Nevada corporation (the “Company,” “Spindle,” “us,” “our,” or “we”) by the selling stockholders.
We are not selling any securities under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.
The selling stockholders may sell the shares of common stock described in this prospectus in a number of different ways and at varying prices"
so do it lurker, bring your money. what are you waiting for ten cents?
is that 52-week chart an isolated trade as well? or just a reflection of recurring facts?
Today's news...might be time to re-enter
Mar 31, 2015 9:02 AM
Member since: Mar 31, 2015
Did the ChupacabraGuRu forget to bring its' money?