In what may be the most competitive industry at present, mobile commerce expert, Spindle, Inc. (OTCBB:SPDL) had one of its best trading sessions in the past 8 weeks today. Ever since the Q2 report was filed for the 3 and 6 months ended June 30, 2013, SPDL stock has seen trading activity begin to ramp up, gaining roughly 250% at today’s HOD since the start of the month. Now that a bullish opinion has been made known as to why Facebook (FB) should acquire the relatively new company, penny stock traders have taken note with today being one of the largest volume sessions of the year.
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SPDL Stock Quote
Market Cap: 38.46M
Last: 1.50 ▲ +0.24 (+19.05%)
Dollar Volume: $683,385
Issued and Outstanding: 25,638,858
14-Day Rel Strength: 76.91%
1st Resistance Point: 1.8333
1st Support Level: 1.2333
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Spindle, Inc. used to be Coyote Hills Golf, Inc., an online retailer of golf-related apparel, equipment and supplies. Seeing little to no success at all in that line of business, the Company, on December 2, 2011, acquired certain assets and intellectual property from Spindle Mobile, Inc., putting them into the business of data processing, mobile payments fields and other related fields.
Off to a slow start at first, 2013 has surely been a breakout year for Spindle having booked revenues worth $327,210 and $705,446 for the 3 and 6 months ended June 30, 2013. Compared to less than $20,000 in revenues for the 6 months ended June 30, 2012, things are definitely headed in the right direction from a business point-of-view.
As for SPDL stock, it only recently began to see trading activity. Dormant for most of the year, SPDL saw a couple of hits on the screen in September, but has really taken to flight here in October and could see it continue now that it has been so bullishly outlined as a potential partner for Facebook.
Causes for concern, other than the $1.54 million net loss for the first 6 months of 2013, are 350,000 shares of SPDL were issued in 2012 in a business marketing agreement and another 1,000,000 shares, 2 batches of 500,000, in a public relations consulting agreement. Although there is optimism that dumping SPDL shares is an unlikely event, traders in at the $1 level can expect to see triple-digit gains before the end of the month.
About SPDL Stock
Spindle, Inc. is a development stage company which has developed a comprehensive mobile commerce platform for consumers and merchants.
Click here to view the SEC filings for SPDL.
Click here to view the website for Spindle.
Last 5 Trading Sessions:
There is no question as to the seriousness behind the business model which is driving SPDL – it’s a limitless market with more and more consumers using it for the first time daily. If Facebook really was to make a run at acquiring SPDL, you can bet your bottom dollar that it won’t be at levels which consider it to be a penny stock.
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