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Maybe I'd better to buy a parrot, instead of repeating same post over and over again.
AIMO
Why hasn't Pillsworth done as he stated and posted on the website about the CE and why it was placed on CCTL. Pillsworth has been the CEO of CCTL for over 5 years.
"Coin Citadel (CCTL)
@CoinCitadelCCTL
Mar 31
Attorney letter will be uploaded this first coming week of April. Updates on all company operations and deals will also be given. Form 211 review is in process, and contents will also be added to company web page for transparency. To include CE and why it was put in place."
It has been 45 days and still nothing.
"Coin Citadel (CCTL)
@CoinCitadelCCTL
Feb 1
Investor Update
- Form 211 has been forwarded to MM, review pending"
That has been 3-1/2 months since Pillsworth said the 211 had been sent to the MM and I guess the review is still pending.
"If CCTL declares itself a shell, then being in pink status and fully filing compliant, then there is no reason to keep the CE designation, which would then, likely be removed, as it wouldn't be a public concern anymore."
The CE has been in place for over 2 years - there is obviously more to the CE than Pillsworth stating CCTL is a shell company.
After Pillsworth filed the Annual Report the OTCM listed CCTL as a "Shell Risk" - which means the OTCM doesn't believe anything that Pillsworth files.
"Shell Risk
The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information."
Pillsworth is allergic to providing truthful information.
IG
great idea. Does pillsworth know this? is there any way to contact him. I have tried with no success. Are we just going to wait here for years more? sigh We just need the CE off so it can actually trade.
Maybe the best way to remove the CE is for Pillsworth to give OTCM what they want to hear, that CCTL is a shell.
If CCTL declares itself a shell, then being in pink status and fully filing compliant, then there is no reason to keep the CE designation, which would then, likely be removed, as it wouldn't be a public concern anymore.
Then, once the CE is removed, CCTL can move forward building a public company that shareholders can trade, buying and selling shares.
It would be be a win, win for everyone.
AIMO
Rigged market where only a few can buy at depressed prices.
Interesting that this has sales volume. I can't find one broker that will let me purchase!
our ceo can't even keep us informed, so i dont know. he puts out a tweet out, months pass and crickets. total joke clown world along with jpegs on otc website
That would be nice, but in less time :)
AIMO
OTCM moving on some other CE removals last night... maybe one day this century we will see it removed.
3 CE removals tonight 👀 pic.twitter.com/C7T1a3hNzl
— TIGRESS🐯 (@og_tigress) May 12, 2023
Let's see if Pillsworth continues with financial filings.
That will signal that he still believes in continuing the fight to remove the CE.
If he stops the quarterly or yearly filings then the ball game is over.
AIMO
I read it before...and?
CE still on, nothing else matters in this clown world. No buys allowed means price in toilet.
hey pillsworth any word on the ce?
"......OTCM doesn't believe the Pillsworth generated Annual Report."
That's funny.
What's there not to believe?
There is actually nothing in the annual report not to believe.
So, can you state what is not believable in that annual report?
AIMO
No I have seen this many times and the OTCM doesn't believe the Pillsworth generated Annual Report.
That is the reason the shell Risk was put on CCTL soon after Pillsworth filed the Annual Report.
After Pillsworth stated the company owned 512 Bitcoin and had $700k in Cash on Hand - which wasn't true.
Pillsworth has been caught lying about the Bitcoin, Cash and most recently about installing the 2CRSi equipment when in fact he never took possession and now we find that CCTL owed 2CRSi a $60,000 deposit.
Pillsworth has screwed up everything he has attempted.
IG
"That means the OTCM doesn't believe what Pillsworth filed was accurate - so he doesn't have any credibility with the OTCM."
Wrong again.
The annual report could have been accurate, but not sufficient to prove that it is not a shell risk.
Pillsworth needs to show more of an operating company to remove the shell risk designation.
AIMO
You don't seem to understand that Schaefer and Pulver never included the Bitcoin on the Balance Sheet - if Schaefer had the Bitcoin in his possession he would have included them on the Balance Sheet but he didn't - so anyone that can read and understand the financials would know to ignore the Bitcoin.
But Pillsworth is supposed to be a Crypto expert should have known not to include the Bitcoin on the Balance Sheet - and Pillsworth is a idiot for saying he used a email from Schaefer to verify the Bitcoin which is complete nonsense.
So Pillsworth isn't a Crypto expert and a scammer.
IG
The interesting part is that after Pillsworth filed the Annual Report the OTCM listed CCTL as a "Shell Risk".
That means the OTCM doesn't believe what Pillsworth filed was accurate - so he doesn't have any credibility with the OTCM.
Pillsworth needs to resign.
He lied to shareholders about installing the 2CRSi equipment - when the facts are he never took possession and CCTL never paid the $60k deposit which is the first time I have heard about a deposit.
IG
Where did he put that statement? But all else he SIGNED the document stating his statement was true. I don’t care how you want to spin it. He signed the document that everything in it was true when it wasn’t. That sir is fraudulent. As you always say a third grader knows that. Funny how you pick and choose things.
No, Schaefer didn't commit securities fraud because he didn't include the Bitcoin on the Balance Sheet - he put a one paragraph statement about the Bitcoin.
If Pillsworth is a Crypto expert he would know how easy it is to prove ownership of Bitcoin and he knew that CCTL didn't have $700k in Cash on Hand but put them on the Balance Sheet.
IG
maybe sometime in next 10 years, who knows?! the otc is full of talkers, and not many doers.
Still waiting to see if Pillsworth will put the reason for the CE on the CCTL website, as he twitted he would.
Question did Bill S commit securities fraud? He had the company first and put in the financials about the BTC. So did he commit the crime? Honest question.
You just don't get it.
You can describe what you believe fraud is all day long, but where does it say, anywhere, that Pillsworth committed fraud.
Show anything, an article, a legal document, a press release, again anything that specifically says that Pillsworth committed fraud.
Just because you want to believe, so badly that Pillsworth committed fraud doesn't make it so.
AIMO
jpeg on website still there causing 99% drop? wow, ce most powerful thing in the world.
What I described in great detail is securities fraud - when the CEO claims to have assets that don't exist that is securities fraud.
The OTCM doesn't inform shareholders of the reasons for a CE - but it obvious to those that have been doing real DD for years.
Why do you think that Pillsworth was forced to amend the financials he had filed and the Bitcoin and Cash was removed.
CCTL has always been a low volume low price OTC scam - the investor losses weren't enough for the SEC to take any enforcement action - the OTCM CE was enough.
The CE has been in place for over 2 years.
Why don't you tell everyone why CCTL has the CE and why it has been in place for over 2 years.
Remember CCTL didn't have the CE when Schaefer and Pulver was the CEO - only Pillsworth.
When Pillsworth filed the 2022 Annual Report the OTCM quickly placed CCTL as a Shell Risk.
The evidence and proof is all there for investors to see and understand that Pillsworth committed securities fraud - except for those that were caught chasing and holding and are now underwater hoping for a miracle and ignoring the facts.
IG
Again, but where does it state that he committed fraud.
No I know that is securities fraud - Pillsworth had to change all the financials he had fraudulently filed.
When the CEO states that CCTL owns 512 Bitcoin and puts them on the Balance Sheet that is fraud. It is very easy to prove ownership and Pillsworth unless he is a complete moron would have known that the Bitcoin didn't exist and I guess he can't read a bank statement because be put $700k in Cash on Hand on the Balance Sheet.
It is really very easy to understand that the CE was because Pillsworth filed fraudulent financials.
IG
You are assuming that he committed fraud from what you believe.
But, where does it specifically state that he committed fraud.
AIMO
The Joe Biden administration included the proposal to impose a 30% tax on the electricity used by crypto mining operations.
That would be the death knell of crypto mining in the US.
IG
I have posted the proof of Pillsworth filing fraudulent financials a dozen times.
Here they are Pillsworth filed in the financials that CCTL was in possession of 512 Bitcoin - as he included them on the Balance Sheet.
Then he also included that CCTL had $700k in Cash on Hand.
That is called securities fraud because Pillsworth couldn't verify either the Bitcoin or Cash.
Neither Schaefer or Pulver included them on the Balance Sheet.
Many people invested because they believed that CCTL owned 512 Bitcoin.
After the OTCM placed a CE on CCTL Pillsworth had to go back and refile the financials without the Bitcoin and Cash.
But Pillsworth continued his fraudulent activity by stating he had received the 2CRSi equipment and was installing it.
IG
I own shares here but let’s be realistic even if the CE came off tomorrow what is the company worth?
He maybe has a couple outdated miners that don’t generate enough income to pay the bills. He would have to increase shares to raise capital.
"The blame for the CE isn't on the OTCM.'
When a decision depends on the total discretion of any one particular entity, that is not transparent. It could be based on pure bias.
You keep saying that Pillsworth filed fraudulent financials, but you don't show any proof of that.
Until you do, it is only your opinion. Stop stating it as if it was a fact.
AIMO
There are 901 OTC companies that are CE - that is 7.5% out of 12,000.
But we are talking CCTL/Pillsworth not other companies you believe should have the CE.
"It's ashame, because there are so so many OTC pinkies that look worse than CCTL, but they don't have a caveat empter designation to get off."
Did the CEO of any of those companies file fraudulent financials?
IG
There are 901 companies with the CE presently out of 12,000 companies.
That is 7.5% of the companies that have a CE.
The blame for the CE lays at the feet of Pillsworth when he filed fraudulent financials.
After the Annual Report was filed the OTCM placed the company as a Shell Risk.
The OTCM is saying they don't believe anything Pillsworth files.
The blame for the CE isn't on the OTCM.
IG
The OTC should be totally shut down. There is no point in having a market when a jpeg can tank a stock 99% by not allowing buys. This is done with zero transparency. There is no point in the OTC existing. At least in a casino if the roulette wheel hits your number, they have to pay you. In the OTC, they just put a jpeg on the screen and restrict buys tanking your stock. It can't get more rigged! A casino is literally more honest and fair than the OTC!
jpeg tanks stock 99%, no transparency at all on what is going on. Totally free market!
Sad but true, and that's only scratching the surface of the reality of things. Question is, how do we begin to fix this mess?
Never believe the company hype on any OTC stock.
The OTC is full of grifters, scammers and conman posing as CEOs - with their only goal being extracting money from gullible OTC investors.
Pillsworth is a Schaefer puppet.
Maybe it is time to do a deep dive on his credentials.
IG
It would seem that the OTCM is telling Pillsworth to put up or shut up.
Pillsworth needs to show activity and show income from that activity.
The annual report just didn't do that.
The shell risk designation must have been a shocker for Pillsworth, after the months, years of trying to get the CE removed.
OTCM is playing hard ball with CCTL.
Until CCTL starts functioning like a company in operation, that CE is going to stay on.
It's ashame, because there are so so many OTC pinkies that look worse than CCTL, but they don't have a caveat empter designation to get off.
One thing is is probably true, CCTL still has a long way to go to get that CE off.
AIMHO
totally free market, merit based system, rule of law...HAHAHAHAHA
Yeah Pillsworth the clown told investors that all of the equipment from 2CRSi had arrived - and he was installing it.
Then in July 2022 Pillsworth stated he that the equipment arrived in the Spring of 2021 - "CCTL did not take possession of servers. CCTL and 2CRSI are working on a solution to resolve this issue and get servers deployed."
So Pillsworth breached the contract and now the equipment is antiquated like the S9 miners. He completely mislead investors.
"Coin Citadel (CCTL)
@CoinCitadelCCTL
Jun 7, 2021
Coin Citadel update. CCTL is a technology company focused on Blockchain and the digitization of finance. The server deal will allow the company to not just be focused on crypto mining, but building out a true data center. Helping develop web 3.0 and other Blockchain protocols."
And Pillsworth hasn't done anything in advancing Blockchain or web 3.0.
Then Pillsworth posted:
"Coin Citadel (CCTL)
@CoinCitadelCCTL
·
Feb 1
Investor Update
- OTC has been paid for 2023 quotation. Jan 25, 2023
- CCTL is Pink Current on OTC Markets
- Form 211 has been forwarded to MM, review pending
- 2022 Annual Financials coming soon"
That was 3 months and still nothing plus he didn't name the MM.
IG
Pretty insane clownshow huh? Turns out nothing is really what we believed it was. It might actually be pretty funny if everything wasn't so f'ed.
jpeg still on screen that caused 99% share drop? cool, carry on. great clown world keeps rolling.
No one has successfully sued the OTCM for a CE.
Why do OTC investors always blame the OTCM, MMs etc but never the company or themselves - you invested in a Bill Schaefer shell what did you expect.
And Pillsworth filed fraudulent financials.
There is a serious problem with CCTL because after the Annual Report and the Attorney Opinion Letter were filed the OTCM listed the company as a Shell Risk.
IG
Try Tradestation and possibly Interactive Brokers - I don't use these and don't know if they allow CE buys.
As I posted it isn't illegal but the brokers position is that they are protecting investors which I don't agree with but that is their rules.
IG
Thanks! 4 different brokerage companies, same answer. NO!
otc markets putting a jpeg on the screen makes it CE, which means we can't buy, which means the price tanks 99%, which means we live in a clown world run by incompetent boobs and criminals. Until CE is lifted, nothing else matters. Good luck living in this clown world. I hate my life.
Call your broker. You can buy the stock in Canada.
If you are located in the US you can call your broker and see if you can buy CE stocks - it is legal to buy CE stocks in the US but many brokers don't allow buys.
You might want to research the history of CCTL before buying.
IG
No one answered my question. Where can you buy this stock?
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