The minimum requirements for up-list do not apply to the registration phase. However, Citadel will meet those requirements for the up-list as well! Q3 in 18 days.

LOL! Funny Guy! I guess you did not catch the discussion from days ago. I guess you were out of town or on vacation. There will be no additional fees for the registration phase or removal of the restrictions. Gary will do an issuance resolution to remove the restrictions.

Hope you had a good vacation!

If you are going to choose to sell your commons thru your own broker, when consulting with them, remember to tell them that the shares will be SEC registered shares. It makes a difference in their reply to your inquiry. Also know that the fees will most likely be more with your personal broker or at least to the best of knowledge.

It is true that share holders of record do have a few privileges over share holders of street name.

A warm and hardy welcome to DJknows as our newest moderator!
Thanks DJ!

They can do worse than just manipulate the PPS.

IMO, peeps stand to make more than that with the preferred instruments but, unlikely with unregistered electronic air shares. MM's have way too much leverage with them air shares and can play the spread much easier than retail investors.

Best wishes and luck to you!

Go SVAD!

JC

That is absolutely key to success here! Got to clean up the books first! Then game on IMO!

I truly wish you the very best of luck! We all need some of that these days! IMO, you just might get your wish fulfilled! Hang in there!

IMO there is an extremely good chance of accomplishing your goals with the preferred shares but, you will never get there playing with unregistered electronic air shares.

The best thing would be to contact the company for instruction on what to do with the extra "D" certificate. It will most likely get voided out during the registration phase so, best to find out which one will be valid and which one will not.

TY Pro!

To the best of my knowledge an issuance resolution provided by Gary during or after the registration will remove the restriction.

Almost $1M? Yep, it belongs in the trips!

It belongs in the trips IMO!

I agree! That is what happens when companies use those un-licensed promoters and worse! Sheeesh!

Nothing but major decline, bogus looking fins, and missing filings Yikes. They have what a corner store and what?

Where the hell are the Fins on this POS?!! The ones that exist look extremely HOKIE! YIKES!!!!

I will take some of those preferred shares if the company is going to implement a solid winning plan! Definitely a great way to go for a long term investor looking to cash in later on! It is a smart move for the company and a smart move for savvy investors who have patience and understanding of the nature of the preferred instrument.

Electronic unregistered air shares are like playing Russian Roulette IMO! Bottom line preferred shares are a much more reliable play!!

TY Digi! I really love this part of the article that you posted!

GM Pdetti! Yes you are correct in that it could take that long. It is my first rodeo with a registration of a security too. I am hoping for a best case scenario as well.

Have a great day!

Yes Sir! Getting very close now! Registration is next as you know! I understand that registration takes 30 to 45 days to complete.

CDFT!

I would say that you very under educated on the topic. Shares are paper!!! CDFT stopped using un-licensed promoters and ineffective consultants. There is no room for that kind of activity on the OTC anymore! The SEC is coming down hard on that kind of activity! The excessive shares that Mr. DeRoos had in his possession have been retired. Perhaps you read about it some where? That is why the paper losses are now nil!

I hear you! The last time I remember being this excited about August rolling around was when I used to live in Reno NV. Hot August Nights were a total blast back then! Hot Cars, Hot Girls, and Hot Rock bands!

Thank goodness those were paper losses and not monetary losses!! Even better that now those losses are nil!!! Times are changing. No more use of UN-Licensed promoters or ineffective consultants.

Excellent Post! TY Pro!

I disagree! It is more relevant now than ever! Just watch!!!! Look out above!!!!

Citadel EFT, Inc's. (OTCQB: CDFT) CEO Gary DeRoos reports that the meeting with the Equity Sales Managing Directors of the NYSE Alternext, formerly the AMEX, was an unqualified success. Citadel EFT is going to make the transition to the NYSE Alternext because it affords the company and its shareholders so many advantages.

CDFT provided below a short summary of the specific NYSE Alternext Advantages for investors

Specialist: The Company chooses the Specialist that will act as its long term partner, providing the best possible execution and price discovery. Specialists are superior to Market Makers who have no obligation to the Company, and can short the stock at any time, therefore causing trading imbalances and volatility.
Increase US Shareholder Ownership: Institutions and Retail Investors, who represent the majority of total equity investment in the US, will only buy US listed SEC registered equities. The company, therefore, has the opportunity to significantly increase US investor demand for its securities beyond direct investment by US international funds in the home market.

Real Time Market Intelligence: Specialists will make a point of proactively providing intelligence on forces affecting the trading of the stock, breaking down trading into institutional, arbitrage and retail categories, which Market Makers do not perform. They are in regular contact with their listings, giving those companies greater knowledge and control of their trading profiles.

Gary DeRoos, CEO of Citadel EFT, says, "These are huge advantages for Citadel EFT and its shareholders, which we could never hope to replicate on the OTCQB. Could you imagine speaking to a 'Market Maker' about the market forces affecting the trading patterns? Not possible! We are more than ever committed to addressing the overhaul of the issued capital, which we believe will affect the price of the security, once the Convertible Preferred 'C' placement is complete. These are the only impediments to an up-listing. The NYSE Alternext Directors, also indicated that based on a cursory look at Citadel EFT, it was not a question of if we would be up- listed, but when we choose to do so." He further states, "The timing of the transition is, at present, a function of stock price and market capitalization. We will now begin discussions with our board, and expand the audit committee to prepare for the next phase of corporate governance decisions. I believe the current share price will start to reflect our overall strategy, and the changes we make to facilitate the increase to shareholder value, will support the efforts of our loyal shareholder base. We will also continue to add value to the balance sheet, as the company is committed to buying income producing equity, and enhancing its core business exponentially. We have now turned the corner with the successful filing of the US SEC FORM 10-Q and successful meeting with the NYSE Alternext. Now is not the time to sit on our laurels; we have much work to do before the next quarter."

All current stockholders will be invited to participate in these discussions as Management starts to put together a timeline for the transition onto the NYSE Altenext Exchange.

About Citadel EFT, Inc:

Based in Oceanside, CA, Citadel EFT, Inc., provides credit card merchant account services to retailers, mail order companies and online service providers. The Company provides a free terminal to the business owner and charges no yearly fees, monthly minimums, statement, or address verification fees. Citadel markets its services directly and also through resellers http://www.credit-card-processing.com.

FORWARD LOOKING STATEMENT

CDFT cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.



Contact:

Gary DeRoos

LOL! Yep, I agree!

Most likely standard #3

Share holder equity $4Mil--- Check

Distribution--- Check

Price $2.00 ----Check

Market Cap $50Mil --- to be adjusted

Value of public float $15Mil --- to be adjusted

Registration and Underwriting will settle the last two.

Yup, Most likely!

SVAD growing up and becoming a real and viable company. Thank you Vizioman!

When it is time for us sell and to reconstitute the float, an SEC approved and LICENSED promoter will promote the stock and enable us to sell at a lucrative price. EOM

I understand what you are trying to say but, you really should try researching securities that have been registered and underwritten. You will find that it is a game changer.
Even just registered alone makes a BIG difference. Then consider a company that has no debt into the mix....well that is hard to find or impossible to find to make a comparison.

Also, most people including myself sometimes, tend to forget this is a BDC. It is NOT just a credit card company anymore! A couple of nice juicy acquisitions really will change the game! To the best of my knowledge what I am suggesting is already in progress. I already know that the business consulting side of it has been very lucrative for sure! Look for increased REVs this Q.

IMO trend reversal is already in progress.

Personally speaking, I wish you had chatted with us more in the past. Perhaps......?

CDFT moving onward!

JC

I agree 110%!

Great post! Mindless had it right.

You will need to contact Island Stock Transfer and arrange to send it back for a replacement.

You need to contact Island Stock Transfer not CDFT. They should be able to trace it down. Please keep us posted on the outcome.
I will help you as much as I can if there are continued problems.

400 share holders of record. That includes the street named holders. CDFT had over 800 combined with a little more than 250 who actually qualified for the preferred. No problem there. CDFT meets the qualification. If you don't believe me then call and ask. I did already! A long time ago!