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Can't say I fully agree with that, but I am certainly skeptical as well. I am also told that the lack or communication was due to Riad, as he was only out for himself and Gary got caught up in it. We are supposedly moving forward as planned from before the Riad mess.
For what it's worth Riad just wanted to sell the company. Gary disagreed and dissolved it. Moving forward as planned is what I am told.
What broker are you using? Thanks.
This is correct. Riad was never a part of the original plan. I received confirmation today that everything is still on the original track and moving forward. Looking forward to after the holidays when we will all use our shares to create the float and uplist. Remember December 18th is 6 months. So once the restriction is removed we begin! GLTA.
Dec 18 is 6 months from the issue date of the D's.
I predict that nothing we can say will stop the relentless crap that is posted to this board over and over and over. For those of you with an actual stake here... I talked to JK a couple days ago. Everything is on track and moving along nicely. November Q should be very interesting. Good luck everyone.
6 months is December 24. Not that far off regardless of Registration.
What deadline?
8k out. Changing business direction from carbon offsets to apps. FYI.
What are you basing this on? That sounds very infeasible to me. I have many thousands of preferred and I see no way that I could be getting a dividend anywhere close to the amount you are proposing.
The number of preferred given was based on total investment divided by $2.50.
It's based on your total cost not the current value.
Management has provided the conversion of the preferred shares in to common below:
1 preferred = 100,000 common; $19,500 and below
2 preferred shares = 200,000 common; $29,999 to $20,000
3 preferred shares = 300,000 common; $39,999 to $30,000
Right. I know this.
So what? There was some confusion. In the end we got our Certs Fed Ex overnight. Everything is on track and moving forward.
Exactly! Thanks for backing me up.
Question... So if the person owed the money accepted the shares as payment and the debt is now no longer owed. Does that not mean the debt actually is satisfied?
Sorry but I disagree. Explain your reasoning behind your statement, so I can follow your logic.
Agreed.
Why exactly is anyone even talking about the pps of this when it matters not? A whole 400 shares traded today! Who cares!! Smh
Interesting. Ok. I was only going by what I had been told a while back.
There is no $2 min on the NYSE, it has to meet $50m cap, but there is no pps minimum. At least this is what I have been told. But based on the numbers of approx. 26m shares to reconstitute the float it does need to be around $2 average to get to $50m though, so that is a good thing...
I'm with you bro, but pretty sure there is no guarantee on pps. It is supposed to start at 2.50, but no guarantee it stays there. That all depends on the market. Actually the UW will set the opening price and we don't know what that is yet. All we know is that somehow it has to be $50m, and there will be approx. 26m shares to reconstitute the float. We just need to wait and see how this plays out. Looking good so far!
Yep me too. Hoping for SPO in September but it is what it is at this point. All good though.
It was yesterday! GLTA
My understanding was 45-60 days, but JK told me it could be shorter, or could be longer than that. So we really don't know much aside from it being around a couple months after registration. I am told that everything is on track and looking good though.
They required a screen shot of your trading account showing the amount you had invested in CDFT, so did you fabricate that to go along with the overall lie that said you owned $100 worth? I know there have been some rough patches throughout this process, but somehow I am not believing they sent you the D Cert without getting the screenshot they'd requested to show you owned the shares... So how did you get around that?
Looks like just an 8k for change in accountants.
The SS# is for the TA, Gary would tell you that if you asked.
Hey guys. Just an FYI. I called talked to Gary and gave him my CC info over the phone. He ran it and I emailed all my info. It was simple. $104 and since I have more than one I asked about a lower postage cost for additional Certs going to same address and he said $30 less for each additional being mailed together. Hope this helps.
Are you saying send $28 with a pre paid envelope for returning it?
LOL. Actually it is $73!!
From: Kim Whiteside <kwhiteside@islandstocktransfer.com>
Date: June 20, 2013, 4:00:12 PM EDT
Subject: RE: CDFT
If Preferred D, it’s $28 plus $45 for Fedex back in the US.
Thank you,
Kimberly Whiteside
I s l a n d S t o c k T r a n s f e r
Full Service Transfer Agency
Yeah. Nothing! LOL. I am down so far in this I have tried to forget about it. I do hope Howard has a plan though. GLTY
Nice post Pro! Ready and waiting as this goes through the paces... GLTA
We definitely need news of some sort to go along with this split and ticker change or we are sol imo.
May 30, new ticker I guess...
On the CC it was said that the converted commons would not be on the OTC and that there should be no trouble getting your broker to accept because of that.
Hopefully it will turn out just like CDFT!!
I think that is the question you should ask Pit.
Thanks!! He did reply to me last week when he was out of the country and said he would call me when he was back this week but nothing yet.