Who is to say that the "consultant" was not the investor who bought $20K worth of CDFT? Hmmmmmm,,,could it be someone who is of hot discussion now? Ooooops did not think of that one did you?

Pre-split? Ok whatever! Just remember that pre-split CDFT has a book value of .09! So, where does that take us post split? Please give us your calculations on that one! LOL!!!!!

Actually YES YOU ARE WRONG! To the best of my knowledge those shares went to a an investor that made a private placement for $20K! He bought a "highbred" that included preferred and commons. Perhaps you recall me posting about it?

Look at line #4 under assets for that same Q that you posted a link to in your post!


Investment marketable securities, trading $20,000
http://www.sec.gov/Archives/edgar/data/1473971/000109181813000207/cdft0516201310qa.htm

Also remember what Mr. Sharp said himself?

Riggler was CORRECT!

Exactly! Thank You Pro! Many never did there DD on that subject to find out the truth. The assumptions that many have made just aren't paying off for them.

CDFT!

CDFT Making OTC Market History! So glad to be a part of it with such good people!

Are you saying that an even exchange of commons for equivalent dollar amount of preferred is a dividend? How so when there is no gain from it? No gain at least until the dividend paid on the 14th of October or conversion back to common takes place?

Ok so, that means that CDFT has until October 1st to get it filed.
That would be 10 business days before the first distribution of the dividends on October 14th. Plenty of time to fill out the form and send it in with the $200 right?

http://ih.advfn.com/p.php?pid=nmona&article=57475666

and....?

Right! Exactly! CDFT fills out the form and sends in $200... As I stated in another post even if they do it late is the same as returning a library book late. You pay an additional fee. So, what is your point?

LOL! Nothing more be said! LOL!

What did they not do correctly? How would you know?

So why would the request be deficient? Fill out the form send in $200. WTF?

Ok and so?

It appears to me that at best a simple form stating that and a couple hundred dollars in fees is all that is required. As far as I can tell there is no Approve Dis-approve it is nothing more than a formality. Even if they filed it late there would be a late fee like returning a library book late. Why are you making it out to be such a big deal? You are making it out like it is going to be the companies arss on it.

I find your DD lacking in thoroughness. You missed some very key items that effects the accuracy of your conclusions in that rag of an article that you posted on your web site IMO.

Why would CDFT be required to get "permission" to distribute dividends when it is stated in the articles of incorporation that the company can do so and also, required to do so by the SEC and IRS operating as a BDC?

•Zero Debt
•No complaints with the BB in 24+ years
•Accumulating $Millions in assets
•Pedigree BOD (less Mr. Radcliffe)
•Solid core business with expanding potential
•Now a solid BDC with fantastic tax structure that actually bennifits the shareholders
•BDC side of business is expanding as well
•A CEO that actually truly cares about his shareholders with a welcome mat for them whenever they want to talk.
•SEC compliant in all aspects
•Very best of all, CDFT does NOT use UNLICENSED stock promoters that artificial pump the PPS and then dump on unsuspecting investors.

What is your point?

CDFT purchased the assets (sports memorabilia) from Art To Go. CDFT did not buy the company Art To Go. There is no problem with that. There is nothing wrong with the filings. Q3 in approx. 6 days. CDFT will uplist!

DSCR looking good!

Management expects to have a $6,000,000 Company, completely debt free, without any outstanding professional obligations within the calendar year.

http://ih.advfn.com/p.php?pid=nmona&article=56509026

You are deflecting again! You are refusing to see the whole picture and that is by your choice. We know what we own! GN TG!

Happy reading if you should choose to actually know what we already know! --> http://www.scribd.com/doc/125703811/Citadel-Assets-Valuation-Report

The shares are priced at $2.50! Ask anyone with a certificate what it says! Answer to the current PPS is called REGISTRATION! and perhaps a few ask slaps?

The Company Fair Value as of 10/23/12 is the result of giving weighted attention to three valuation methodologies: the Income Approach; the Market Approach; and the Asset Approach. Based on this analysis as detailed in the attached report, we found the Company Fair Value on aminority basis to be $1,266,000 prior to the acquisition of the Inventory.

$3,063,000 + $1,266,000 = $4,329,000 <---Minimum
CDFT meets the standard!

The purpose of the share retirement was never intended to increase PPS pre R/S. It was intended to increase the value of both the company and the assets. Each quarter those values will go up due to the retirement.

$1,266,000 + $2,972,000 = $4,238,000! I thought you were good at math? Numbers don't lie! I saw your signature! You are deflecting from the facts I posted so, I guess that makes you weak!
Right?

Minimum Share Holder Equity = $4,238,000 Minimum! CDFT Meets the standard! PERIOD! To claim anything else is a deflection of the facts!!!

The assets were originally appraised by Sports and Entertainment Marketing Group ("SEMG") on October 28, 2012. SEMG inspected the inventory at its locations in Tannersville, NY and indicated its evaluation was based on personal experience and the wholesale pricing of the largest wholesalers. SEMG appraised the Inventory at $10,389,046.

Adjustment for unpriced assets:

Items Priced at Retail12,163
SEMG Wholesale Price7,261,452
DSE Wholesale Price4,224,908
Variance(3,036,544)
Percent of SEMG Wholesale42%



Pursuant to your request, DS Enterprises, Inc. (“DSE”) has performed an Inventory valuation analysis of the
Sports Memorabilia
(herein referenced as the “Inventory” or “Inventory Assets”)acquired by Citadel EFT, Inc. (herein referenced as “Citadel EFT” or “CDFT” or the “Company”), as of October 24, 2012 (the "Date of Valuation"). In addition, DSE has performeda valuation of the consideration paid for the Inventory, the Preferred C shares. In order to complete that valuation, an Equity valuation of the Company was performed. This report summarizes our findings and related issues surrounding the valuations. In our opinion, the best estimated fair market value of the Inventory Assets acquired from Art to Go, subject to the assumptions and limiting conditions set forth herein, as of October 24, 2012 is:$2,972,000

The Company Fair Value as of 10/23/12 is the result of giving weighted attention to three valuation methodologies: the Income Approach; the Market Approach; and the Asset Approach. Based on this analysis as detailed in the attached report, we found the Company Fair Value on aminority basis to be $1,266,000 prior to the acquisition of the Inventory.

http://www.scribd.com/doc/125703811/Citadel-Assets-Valuation-Report

Like I said, I looked at the chart. I get it! I would not be happy either.

How is this for BLACK & WHITE?
Hokie, we already we already know the following numbers to be correct and very accurate! (taken from recent 10Q and Dotty Scott report)

Wholesale value of assets = $7,261,452.00
Discounted value of company =$1,266,000.00
Total Share Holder Equity = $8,572,452.00

Even if you don't use the wholesale value of the assets as per the Dotty Scott report and use the value shown in in the last Q of $3,063,446 CDFT still meets the standard!

$3,063,446
$1,266,000 +
___________
$4,329,446

CDFT is most likely using standard #3

Share holder equity $4Mil--- Check

Distribution--- Check

Price $2.00 ----Check

http://ih.advfn.com/p.php?pid=news&symbol=NO%5ECDFT

This is one that is going to have to simmer for a while before the good stuff comes to the top IMO. We shall see.....
I can see by the chart that there is good reason for investors here to not be real happy campers. I get it!

Tic Toc...going to have to wait on that clock.

GLTA

JC

And I have already told you that CDFT already meets standards multiple times. You will see it soon if you still don't get it IMO.

I can't wait to see where CDFT is in 3 to 5 years!!

I would say the difference is that he did not attempt to obtain his shares fraudulently.

Q3 and other surprises coming soon IMO.

IMO Very likely!

You are correct. If the TA is gagged then not even share holders of record have access. I honestly have not called to confirm for myself but, I believe you. Something is happening IMO. It could be bad and it could also be good! It depends on what the company is planning to do next. I guess we will have to wait for news to be able to decipher the bad vs. good. IMO it is too soon to jump to conclusions.

Yes! I/We expect Q3 to be impressive! The registration phase begins on the 31st and lasts up to 60 days.
GN Hokie!