Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Instagram Outage Disrupts Thousands of U.S. Users 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
CENTENNIAL, Colo., March 02, 2018 -- Michael Kelly, CEO of IoT Broadband, LLC, and former executive at DISH Network and Blockbuster, announced his resignation from the board of directors for Spindle (OTC:SPDL), an e-marketing solutions company. Kelly is the largest shareholder and holder of senior debt for Spindle.
Kelly outlined his resignation in an SEC filing and in a letter on Jan. 26, 2018, which identified the following management concerns:
- Misrepresenting to the board material facts regarding acquisition targets,
- Committing Spindle to transactions in which Spindle’s performance is wholly impractical due to fiscal challenges,
- Providing the board with misleading forecasts and memorandum,
- Entering into agreements, financing agreements, and accepting undocumented loans without consent of the board,
- Signing resolutions for the board without board consent,
- And generally precluding Kelly’s fulfillment of his fiduciary duties as a member of the board.
“I hope the company can work to correct these problems as soon as possible to provide value to Spindle’s shareholders,” said Kelly.
About IoT Broadband, LLC
IoT Broadband, LLC, is a Denver-based technology and internet-of-things investment company, founded by former DISH Network Executive Vice President and Blockbuster President Michael Kelly. The company holds investments in commerce and technology solution companies including AlphaBay, LLC, (www.alphabay.com), a SaaS, Cloud and enterprise point-of-sale technology; Spindle, Inc. (OTCQB:SPDL) (www.spindle.com), a merchant and retail unified commerce solutions provider; Unreel.me, an enabler of video streaming services for network and content providers, and Yowza!! (www.yowzarewards.com) which offers eCoupons and merchant loyalty rewards programs.
Press Contact:
IoT Broadband - [email protected]
