Spindle, Inc. announced resignation of Michael Kelly from the board. In his letter of resignation, Kelly wrote that Spindle's management was: "misrepresenting to the board of 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, accepting undocumented loans, without consent of the board; signing resolutions of the board without board consent; and generally precluding my fulfillment of my fiduciary duties as a member of the board.