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Why won't Pillsworth provide proof CCTL owns 4 Bitcoin?
This is the same BS Pillsworth stated CCTL owned 513 Bitcoin in the Treasury. And he was slapped with the CE.
IG
Tommy cleaned up, smoozing for investors to get out of CE and up and running. Feeling good with his half million in bitcoin.
@CoinCitadelCCTL pic.twitter.com/eYbgrKpYkn
— TRADE (@BTCNYEX) March 22, 2024
Pillsworth connected picking up investors.
Emphasize: "I am working on the CE" and he's at a closed shop connected investors conference.
Personally I am feeling pretty positive here. Read the x tweet again below.
Let's go Tommy boy!
Attended Pomps Bitcoin Investor Day in NYC on Friday. This conference was nothing like Bitcoin Miami or Consensus NYC, it was focused on BTC.
— Coin Citadel (CCTL) (@CoinCitadelCCTL) March 25, 2024
Working on a resolution to CE issue.
Year end financials and Attorney letter posting soon. pic.twitter.com/t35Gj8Fhf5
Big move 100% today, go Tommy boy!
Someone knows something.
So if the ticker gets the CE removed, how high do you think the stock would spike within a week?
.005 maybe?
Tommy still in the game. He knows he's gotta get this back out there. Timing is now!
It is CE but it is also pink limited. And has gone to pink"current". Tom just has to take care of the CE. Lets see what happens
They’re not going to be delisted or anything like that, right?
Business as usual, or basically nothing changes
What about if he doesn’t what will happen to the Stock?
Doesn't he have until March 31st for fins?
Yup, he threw us a bone. Us starving dog shareholders need more though.
Hope he gets this sorted out soon. It's been way too long.
Good start, I like it
Glad they tweeted today about working on the CE removal but we need more info on what is being done regarding that! It is the only issue that matters!
Attended Pomps Bitcoin Investor Day in NYC on Friday. This conference was nothing like Bitcoin Miami or Consensus NYC, it was focused on BTC.
— Coin Citadel (CCTL) (@CoinCitadelCCTL) March 25, 2024
Working on a resolution to CE issue.
Year end financials and Attorney letter posting soon. pic.twitter.com/t35Gj8Fhf5
Ok guys, it's time to get this CE removed. It's been way too long now.
This is getting old. Come on Tom, let's get an update.
Since you are so enamored with CCTL why don't you call Bill Schaefer and tell him you want to but CCTL.
You can't do any worse than Pillsworth.
But you will need a great securities attorney that is in good standing with the SEC to help in getting the CE removed.
I would recommend Brenda Hamilton.
IG
Why would Pillsworth need 90 days to file the Annual Report.
Pillsworth is incompetent is all phases of being a CEO of a Quasi public company.
IG
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
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