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Is there a problem with the stock today?
Why there is no treat on the stock today?
I called 5 or 6 times to Gold Quest Group and Sanchez was never in the office.
With Cooley still involved - it will always be a scam.
The CE has been in place for 3 years - after the last Annual report the OTCM placed a "Shell Risk" on CCTL - which means the OTCM doesn't believe the Annual Report.
CCTL doesn't own 4 Bitcoin - and that could cause the company more problems.
IG
Anyone contact the company and get a response? This is so absurd. The speculation is equally ridiculous. We need updates.
The CE has been on CCTL for 3 years - Pillsworth promised to post the reason the CE was placed on CCTL and what the OTCM requested to have it removed and that never happened.
Quit blaming everyone but Pillsworth as he is the one who caused the CE and in 3 years he hasn't got it removed.
IG
Post how you calculated the following:
"after looking more closely and dividing the current coin value by the the total value I can see that the total coins would mathematically be apprx 4.3..."
In the financials Pillsworth filed we have - "Intangibles, cryptocurrency = $11,856"
On September 30, 2023, Bitcoin's (BTC) closing price was $26,967.92.
At that time CCTL owned about 0.43 Bitcoin.
There isn't anything in the financials to suggest CCTL owns 4 Bitcoin.
IG
after looking more closely and dividing the current coin value by the the total value I can see that the total coins would mathematically be apprx 4.3... my cursory glance at the page you linked did not in this case serve me well... (sheepishly blushing)...
not sure what yor question means... Iv'e been following this thread since 2018 and created an account after a couple years so I could ask questions if the opportunity ever came up... maybe I should have asked dply he's usually more tactful then some... regardless ive appreciated your dd and generally postive bullish sentiment over the years, so thankyou for that...
How did Pillsworth obtain 4 Bitcoin? CCTL doesn't own any mining equipment. Did you read the Disclaimer on https://bitcointreasuries.net?
"Data is provided 'as is' and solely for informational purposes. We cannot guarantee the accuracy of the data."
Pillsworth got the CE because he made claims about CCTL owning 513 Bitcoin and having $700,000 in Cash on Hand. In the financials he filed.
In the last financial information released:
"Intangibles, cryptocurrency - $11,856"
But on September 30, 2023 the Bitcoin price was - "On September 30, 2023, Bitcoin's (BTC) closing price was $26,967.92"
But according to the financials - CCTL doesn't own even one Bitcoin.
Pillsworth needs to post proof of ownership.
The OTCM will want proof before the CE is removed.
It seems you believe any of the nonsense about CCTL owning Bitcoin but you never verify the information.
https://bitcointreasuries.net isn't a legitimate source of Bitcoin ownership
Pillsworth posted on Twitter:
"Coin Citadel (CCTL)
@CoinCitadelCCTL
Coin Citadel is posting this as it is truthful we were vetted for a “Forbes” article by Roger Huang posted Jan 12, 2020 but were not mentioned in it. Interestingly all companies were quoted as saying “they bought about” X number of BTC and only a dollar figure. Our appollogies
1:33 PM · Mar 14, 2021"
That is a lie - Forbes can only vet information provided by Pillsworth.
And here we go again.
IG
He needs to get the ce removed.
And Tommy may have more BTC up his sleeve....
Tommy got 4 BTC = $280,000 to $350,000 If 5 BTC to get things going.
Let's go Tommy! Enough for MM and down payment on new 2csri miners with big brother 2CSRI who opened up in USA in 2022.
Ninja positive!
Does the steel horse have more intelligence ???
isn't it 84 bitcoin...?
The needle moved! It has a heart beat 👏👏👏😎
A Federal Court Judge ruled that Cryptocurrency is a security - which is what I have always believed.
Bitcoin is bought with the hope the price increases - the exact same as stocks.
"In the decision, Judge Tana Lin ruled that the case fell under the SEC’s jurisdiction because the crypto assets at issue were securities, even though they were traded on Coinbase, a secondary market. As courts grapple with the question of when crypto assets are securities, the decision is the strongest decision yet by a federal judge to support Chair Gary Gensler’s argument that the vast majority of the industry’s activity falls under its remit."
But the court battle will continue for years.
Why hasn't Pillsworth filed a lawsuit against the OTCM - I am absolutely serious and everyone will know why the OTCM placed a CE on CCTL for 3 years.
If the CE is going to be removed - it will be after the Annual Report is filed.
I don't believe the article that CCTL has 4 Bitcoin in its Treasury will help the company as Pillsworth could be asked to verify ownership.
I have followed many OTC companies that had a CE and I have never found one that didn't deserve it.
Why don't you file a complaint with the SEC about the CE - the SEC is over enforcement and they could require the OTCM to provide proof of why they have a CE on CCTL.
You are always complaining about the CE - stop talking and take action.
You could file a lawsuit on behalf of investors against the OTCM - get several shareholders involved to share the cost.
Or at least call a Securities attorney and ask about getting the CE removed.
It is obvious the OTCM doesn't believe anything that Pillsworth files.
IG
bitcoin at all time highs and we are still down 99% here due to CE. This makes me sick.
The CE has been in place for 3 years - there isn't $300,000 to play - CCTL doesn't have 4 Bitcoin in the Treasury. That is more of the fabricated BS that caused the CE problem.
"Big brother 2CSRI could back equipment, cheap electricity running costs, 300k to play, Market Maker easily paid ......and let's go Tommy boy!
If you get it over the line in the next one to six months your still good......sooner better however."
Why do you keep posting such pumping nonsense - are you that desperate.
IG
At the end of September 2023 the value of the Crypto currency was $11,000 but the Bitcoin price at that time was $26,000.
Unless Pillsworth files more fraudulent Financials there won't be assets of $300,000.
That is more pinkyland wishful thinking.
IG
Form 10 would be nice here
Big brother 2CSRI could back equipment, cheap electricity running costs, 300k to play, Market Maker easily paid ......and let's go Tommy boy!
If you get it over the line in the next one to six months your still good......sooner better however.
With a 5th bitcoin CCTL has close to 300k to get restarted. Let's go Tommy boy!
Tommy got a rabbit in there somewhere. I know It!
More Pillsworth pumping - in the Q3 2023:
"Intangibles, crypto currency - $11,856.
And according to the 2023 Q3 the value of the Bitcoin is $11,856 that is $2,964 for each Bitcoin but the price of Bitcoin as of September 30, 2023, Bitcoin's (BTC) closing price was $26,967.92.
What equipment is Pillsworth using to mine Bitcoin - we know the 2CRSi equipment doesn't exist.
The S19 equipment that Pillsworth stated they owned 1000 S19 miners nut they are so outdated that they mine for a loss.
Pillsworth states - "Cost of Revenue
The Company’s cost of revenue consists primarily of direct costs of earning bitcoin related to mining
operations, including mining pool fees, electric power costs, other utilities, but excluding depreciation and amortization, which are separately stated in the Company’s statements of operations."
But Pillsworth doesn't include any COGS and there isn't any electric power costs listed.
Mining Equipment $41,024
Less: Accumulated Depreciation (41,024)
So the mining equipment has no value as they have been fully depreciated.
The much awaited Halving - actually increases the mining difficulty.
"Bitcoin Halving Is Poised to Unleash Darwinism on Miners
Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.
Darwinism could soon pummel some bitcoin (BTC) miners as the halving, a once-every-four-year event that cuts the reward for creating new BTC gets cut by 50%, unleashes a "survival of the fittest" battle in April.
To prepare for the disruptive event, larger companies are securing newer and more-efficient mining machines."
CCTL doesn't have anything that a larger miner would want - so the end of CCTL is near - especially since Pillsworth can't get the CE removed. Plus, they need to file a 15c which Pillsworth stated was filed in February 2023.
I am still amazed that a few are excited about Bitcoin halving.
IG
Basher basher no one wants you.
More pumping nonsense!
"What if bitcoin 5 arrives, BTC at 100k soon is half million for CCTL to leverage. Boom, MM paid and big brother 2CSRI says how can we help you print digital gold with hydro friendly electricity ?
What could CCTL be worth with the operation back and expanded riding the crypto sector parabolic move. Start maybe $0.10 rocketing towards $1.00 ? Who knows????"
I have proven that CCTL doesn't own 4 Bitcoin.
What you posted is typical OTC pinky fantasyland.
"Start maybe $0.10 rocketing towards $1.00 ?"
"What if bitcoin 5 arrives, BTC at 100k soon is half million for CCTL to leverage. Boom, MM paid"
SMH! A MM can't charge to file a 15c - you should do more research before posting.
And Pillsworth lied to investors that DTCC cost $20,000 - the cost is much closer to $2500.
"Coin Citadel (CCTL)
@CoinCitadelCCTL
Jul 26, 2023
Investor Update
Form 211 was submitted in February to one market maker. Whilst the MM cannot charge to review Form211...the caveat is, they then just sent a $20,000 bill for DTCC advisory fee for review. So nothing is free.
Exploring other options without said hidden fees."
That is one year ago that Pillsworth claims to have filed a 15c - oddly FINRA hasn't processed it.
Hey Pillsworth, how about some transparency - provide the name of the MM who filed the 15c for CCTL.
IG
Yes I would like to hear new business plans... the 4 BTC mined is a new beginning according to bitcointreasuries shared here... hopefully he can clear the biz, and get a crypto company fully operating. I think even with halving there is money to be made. AIMO
Best,
DT
The Pillsworth plans are worthless - he has been the CEO for 5 years and he hasn't accomplished anything of value - he did manage to get a CE that been on there for 3 years.
You used to post about the fictional hashrates for the 2CRSi equipment - that was very naive as it seems you have never been involved I any corporate financials - and it was always inaccurate and it was based on the Pillsworth pumping nonsense.
"Would love to hear about biz plan updates for CCTL."
Why? Pillsworth has proven he can't be trusted to provide truthful information. So you want him to lie to investors once again.
What plan can CCTL implement - CCTL has a CE - they still haven't filed a 15c - Pillsworth has never had a profitable quarter - now the OTCM has placed a "Shell Risk" after Pillsworth filed the last annual report.
IG
Copy pasta...
Would love to hear about biz plan updates for CCTL.
From the CCTL website:
"OTC Label
July 2022 Update
The company will need a Form 211 cleared by FINRA in order for our team to review the Caveat Emptor label.
This requirement applies to all Caveat Emptor securities not eligible for proprietary broker quotations (Unsolicited Only)."
The 15c or 15c2-11 still hasn't been filed.
And according to the 2023 Q3 the value of the Bitcoin is $11,856 that is $2,964 for each Bitcoin but the price of Bitcoin as of September 30, 2023, Bitcoin's (BTC) closing price was $26,967.92.
It proves once again that Pillsworth can't be trusted.
IG
The CE has been in place for 3 years and Pillsworth hasn't had a plan in those 3 years.
The 2CRSi contract is void. At the time when Pillsworth stated the plan with 2CRSi - I immediately posted that the contract was too squirrelly to be true and that was proven to be accurate.
And around the 2 year mark of the contract - Pillsworth stated that - "CCTL did not take possession of servers."
Obviously, Pillsworth has never had a successful plan.
From the Balance Sheet:
"Intangibles, cryptocurrency - $11,856"
That means the 4 Bitcoin have a value of $2,964 each.
"As of September 30, 2023, Bitcoin's (BTC) closing price was $26,967.92"
IG
I'm sure he has a plan. Maybe he wants to get 2CSRI and leverage equipment and really relaunch properly. No point just selling one to pay the MM and then do nothing.
Oh you are right. That is good news then. I wonder what the source of that is? But my first question still remains. One bitcoin sold could have paid the MM to facilitate the ce removal. At this rate it will be over a year from today and we will still have CE because even when suibmitted OTC has to review etc.
No! Old data was 560 BTC. This is new list of 4 real ones as Tommy has been working away to get CCTL a chance to get back on top.
isnt that just the old supposed data from that one grahpic that turned out not to be true? if that were true, he would not be having trouble finding 30 grand or whatever it was to pay the MM to get the ce removed.
Thanks for sharing bruv
What if bitcoin 5 arrives, BTC at 100k soon is half million for CCTL to leverage. Boom, MM paid and big brother 2CSRI says how can we help you print digital gold with hydro friendly electricity ?
What could CCTL be worth with the operation back and expanded riding the crypto sector parabolic move. Start maybe $0.10 rocketing towards $1.00 ? Who knows????
You Ripper! Tommy got 4 bitcoins up his sleeve! Good on ya Tommy!
Https://Bitcointreasuries.net/
CCTL is five up from the bottom of list.
CCTL might be able to succeed! This is why he's been staying current of sorts and paid his fee to OTCM.
Now he could have funds for the corrupt MM.
Let's go Tommy boy! The star!
Ninja out!
Rolls the dice bruv, this is the otc
What do you believe the effect of halving will have on CCTL?
CCTL doesn't have any mining equipment - they have a CE - the company doesn't have any capital to purchase mining equipment.
After Pillsworth filed the last annual report - the OTCM placed a Shell Risk on CCTL.
That means the OTCM doesn't believe the Annual Report.
Pillsworth doesn't have any credibility with anyone but a few desperate shareholders.
IG
I have heard the halving nonsense for years, and there is no correlation between the Bitcoin price and the CCTL price.
"With the difficulty now at 75.50 trillion, the criteria for mining a valid Bitcoin block have become more stringent, requiring increased computational effort and resources from miners."
"The halving may cause a reduction in hash rate as inefficient miners struggle to break even from their mining rewards and exit. This may put miners into a "tense position" because the majority of their revenue comes from block rewards."
Why would anyone buy CCTL stock when they could invest in a real Crypto mining company.
Pillsworth has proven his incompetence as a miner and especially as a CEO.
Where is the update from Pillsworth about having the CE removed - it is very close to being the 3 year anniversary of the CE being placed on CCTL?
IG
Prime time to drop a form 10
CCTL 1's to 3's could be a breakout even with CE. I'd be interested to see once the post halving parabolic phase kicks in to see if this runs.
Pillsworth did provide reason for CE on website when he had to in April 2022.
Not sure if still there but the message was posted for sometime in 2022.
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