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I doubt the company plans to stay with the revenue it has right now. I'm assuming that buy the time the next preferred shares are convertible not to mention that there are dividends to help keep people from converting, that this company will be generating much more revenue and having a nice fat bottom line.
How do you know there not in process of amending these mistakes currently and or fixing the S-1 filing to be filed in the next coming days. No one knows anything. So your speculation on CDFT failing is just that SPECULATION...got news for you, the market trades on speculation and rumor so if I were to see this stock like hell I'd buy it because its at least something different to OTC pennies.
.01 earnings per share....nuff said. So what if their buying debt. Obviously its working and there making money from it. I wonder how much the villa and the subsidiary along with the Bar Louie will add to the bottom line. This company is doing just fine with assets and equity being moved into he company on a daily basis. I have no worries here.
Are you assuming no S-1 will be filed. How do you know it hasn't been being worked on for months and maybe there getting ready to file it Monday. How do you know the S-1 will not be or be ruled effective...
Unless you have a written or email reply from them, I can only assume that as not factual. If they are "pre approved", maybe that was someone telling them it should be no problem. Hmm
What fee lol....I haven't paid anything for the R/S. Furthermore, after the ex date for the preferreds you're no longer required to hold the stock so you can sell it.
I have a feeling that is the least of their worries. If I were them I would have already started to speaking with them to determine things and find out if there is anything they would like to see. I wonder if they started talking to them regarding their plans. Hmmm
I don't see anywhere as of now where there getting paid in stock and could you please point me to companies that are in the same circumstances as CDFT where you refer to the legal issue happening all the time. Thanks.
Do you think the associated legal counsel members and SEC attorney would likely take a job that obviously would not get them anywhere and would not likely be paid. Doubt it!!!! Every legal member associated with CDFT knows what is going on and knows exactly what the company needs and has for uplisting. They already know the company has the requirements met. Seems to me there onboard with everything because they know everything is true. BAM WHAM SEE YA
NOVEMBER TO REMEMBER BABY
$CDFT
Please read the PR to understand who got the preferred shares.
The preferred stock was converted into common stock if you followed the directions given to you in the PR. The common stock has a cusip number. In the filing in mentioned that 1 series C was converted and 243 series D were converted. Those will be registered and will be what make up the outstanding share structure. Because they are not registered, they can not be in the float at this current time hence them being restricted common stock.
Which is exactly what their in the process of doing. So woohoo for all the the people who hold common shares in this baby. You are a select few who will be well rewarded when CDFT uplists and proves all these naysayers wrong.
Oh man do I get a kick out of some of this stuff. Blatant attacks against a company doing everything right and by the book. Seems people are scared. Lets us not forget that making libelous statements is against the law. CDFT is up listing. CDFT actually had a positive net earning per share. CDFT getting all the right people involved to go global.
Well if you refuse to show anybody anything then it means you have nothing valuable. So I'm done. Night. Good luck bringing a legal and truthful company to its knees. CDFT has done nothing but help there shareholders and protect them from previous dilution and decreasing stock prices.
Lot of shares absorbed today. Accumulation at an all time high. I'm guessing any news lets this spring loose and she is going to uncool like crazy
You can post it publicly here. I don't accept faxes or calls from those I do not know and further more, everything you want to show me, can be shown to everybody else. No secrets here :)
Thanks for proving all of my previous points correct!! You guys are awesome. CDFT to uplist and become an Amex trading company soon!
Thank Janice Shell, Hokie, Cashcowmoo and everyone else for proving all of my and my fellow shareholder and investor friends points correct!!!
CDFT thanks you for believing in there future!
Once again I ask, where is your proof of a so called scam. You state it but don't back it up. I'm curious to see what you think is going on here.
Also can I have your reference number for your complaint, I would like to contact the SEC and add some additional information that pertains to there investigation into both parties credibility.
Well don't forget this Q does not have the villa and the company managing the villa baked into it. I think we are easily over the required amount. Not only that but I'm sure Gary has more for us, that is in the works.
Not only is the the news great but the kicker of it is the guy is moving assets into the company as well. Increased assets equals increased stockholder equity!!
Dude a "Red Herring" is a good thing:
Investopedia explains 'Red Herring'
There is no price or issue size stated in the red herring, and it is sometimes updated several times before being called the final prospectus. It is known as a red herring because it contains a passage in red that states the company is not attempting to sell its shares before the registration is approved by the SEC.
So who do you think will manage the villa in the domincan? Pretty good guess from your DD there buddy :)
How about that news...already planning on moving assets into CDFT. But you ask, what about the 4 million dollars in equity we don't have....trying reading this again, much more then 4 million dollars equity we have.
Looks to me like Gary is doing a great job and it looks like this could be a huge partnership with potential Mega subsidiaries to follow. I mean, just think of the connections they have.... :)
Citadel EFT, Inc. (CDFT) Announces the Addition of Mr. Joseph E. Riad to the Board of Directors
OCEANSIDE, CA, Aug 15, 2013 (Marketwired via COMTEX) -- Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces the addition of Mr. Joseph E. Riad as the newest member of the Company's Board of Directors. As Chairman of Riad Trust & Holdings, Mr. Joseph E. Riad, has over 20 years extensive experience in owning and managing businesses. Mr. Raid co-owns Texas Energy & Minerals, Houston, Texas which maintain mineral smelting rights. His has past professional experiences as the President of IMA World Trade, the Vice President of Tri-Union International, and the Deputy Director of Yellow Rose Energy.
Gary DeRoos, CEO, Citadel EFT, states, "The addition of Mr. Riad to our Board is a significant step forward in attracting talent into the Company. Individuals with the business pedigree like Mr. Riad can assist in the Company's operations and evaluate and implement 'best practices' which will enhance Citadel EFT, Inc.'s present & future value. His experience in the financial industry, including his ability to attract profitable, debt-free business enterprises, is a major advancement for our Company. His business acumen coupled with the vision he has for growth, were key factors in adding him to our Board of Directors and Audit Committee."
Joseph E. Riad states, "I am extremely pleased to join a profitable, emerging growth public company. It is rare these days to find an issuer with virtually no debt and has a growing core business and has assets that were evaluated and audited. I see an opportunity to add value by courting private and public companies that have value, to become subsidiaries of CDFT. We also intend to move some of the assets from our holding company, once they are evaluated by an independent third party."
CDFT's management welcomes Mr. Joseph Riad to the Company's Board and looks forward to working with him as the Company continues to grow.
FORWARD-LOOKING STATEMENT
CDFT cautions that statements made in press release constitute forward-looking statements, and not guarantees of future performance, and actual results or developments may differ materially from projections in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time the statements are made.
Contact:
Gary DeRoos
714-423-0701
http://www.credit-card-processing.com
SOURCE: Citadel EFT
CONTACT: http://www.credit-card-processing.com/
(C) 2013 Marketwire L.P. All rights reserved.
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I found very amazing things in the Q that I was surprised to see. So my conclusion based on my assumption was that I was correct. Maybe people don't agree with me and that's fine, that's their opinion, but I found things I was very very happy with and continue to have increased confidence with Gary and the company.
Still waiting for you to prove all your stuff....otherwise its just speculation and your opinion.
Member Marked you bud. Very good points and I am glad you brought that up. Very nice to think someone who can read the financial statements and interpret the facts correctly. Nice job bud.
My opinion next day or two we see something. Big stuff coming.
Ask thinned out and everybody moved there orders up to higher prices. Power hour in 11 minutes.
Why do you say this?
Things are only heating up here....the fire hasn't even started imo...hope everyone is buying early :) I know I am.
Booooooom baby......6ssssssssss hittting. Bid is increasing
I don't know, but they are looking mighty tasty...churning any kind of volume here makes this thing jump fast.
Not much on the ask....this thing could easily move big time.
Lot of momentum here this morning.
Exactly right and the benefit of these preferreds stocks are they are anti-dilutive, so regardless of any kind of split the number of your preferred don't change. Each preferred converts into a 100K common shares. If you do the math any amount of investment truly equals a large profit.
Preferred Amount= $ value of total investement/$2.50 (each share of preferred share is valued at $2.50)
Agreed. I think we'll bounce up from here.
Huge News!!!