IMO It is not the company creating the confusion. It is as easy as 1,2,3. Its not rocket science.

Posted on May 07, 2013 at 22:57 PM EDT
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Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces that Citadel EFT has been extremely focused on strengthening its core businesses, since adding the Art to Go assets. The assets created $2,900,000 in Net Stockholders Equity on CDFT 's balance sheet. Additionally Citadel EFT already has a proven track record in issuing dividends to Management, $ 240,000 annually, now it is poised to issue it's first stock dividend to all Convertible Series D Preferred Stockholders of Record. The amount of the dividend will be determined, as a cumulative value, of the net equity that Citadel EFT will be booking from its consulting services, and partial assignments from its purchases and conversions of convertible debt from other issuers, and non affiliated assignees of the Issuer, CDFT is restructuring. Citadel EFT will be paying out $0.25 cents of its net equity on receipt, from these ventures, on a cumulative basis to be shared by the stockholders, based on their size of their investment, in the D Preferred Class. The size of the dividend will be consistent with the amount of stockholders represented as owners of that specific class, coupled with the total value of the cash or cash equivalents from these ventures, being audited. CDFT will ask it's shareholders of record to provide transit number and check number details for the dividend payout to ana.ekogroup@gmail.com.

Gary DeRoos, CEO, Citadel EFT, states, " To date we have sent information to and, confirmed over 115 common investors that will be receiving the Convertible Preferred Series D Securities. This number will probably increase slightly as the May 13 deadline approaches. After the restructuring of the Company's price, we will seek to immediately effect an increase in our Issued Capital to meet our Market Capitalization requirements, by having our Convertible Preferred C & D stockholders convert the specific share(s) into the 100,000, or more, common shares to provide our stockholders with a CUSIP security, countersigned by the Transfer Agent. It is at this point in the exercise, that our original common shareholders, who may have been underwater prior to the restructuring, but received Anti Dilutive Convertible Preferred Stock, will now revert back again to common shareholders. This conversion of preferred into common securities may only represent a small percentage of their total position, now that they own preferred stock, but it is necessary to reconstitute the Issued Capital of Citadel EFT. This time, however, a specific amount of securities from all of the shareholders of record, will be registered, and underwritten at much higher prices, making the process much more manageable for all parties. This, further, announcement of dividends also provides our shareholders of record with added value. These actions not only protect the integrity of our stockholders equity in the open market, but help Citadel EFT meet the minimum qualifications to up list on the NYSE Alter Next, formerly the American Stock Exchange.

http://markets.financialcontent.com/stocks/news/read/24131653/Citadel_EFT

Hello Mindless! I would not be too concerned about it. I am not! Especially when you consider the amount of money we are about to make. I have already sent my check also. The way I look at is that I am actually going to be reimbursed my $104 when we get our dividend check in October. To me that $104 is just the cost of doing business and it really is a drop in the bucket.

JMHO

I used to live in Reno NV for a few years. The way to have a chance at wining BIG on slot machines is to watch where the local "little old ladies" go. Then try to beat them to the machine's they were eyeing. I have watched them and they watch those machines all day. They play small, wonder around watch other gamblers play those reels then they swoop in after the gambler gets a couple small prizes then gets up and walks away from it. I have seen it! They do cash in. They know when machines are getting ready to pay off. So yea! If you know this then yea you probably do have a better chance in Vegas! (only if you are a local)

Preferred share holders have the best chance of really cashing in here!
JMHO!

Here Hokie I will help you with your DD. Here is an excellent article that addresses your question and expands on how the SEC has reduced restrictions on the re-sale of restricted shares. http://www.lw.com/upload/pubContent/_pdf/pub2137_1.pdf

The answer is the underwriting process! And it has become a very simple process and made even more simple for us thanks to Mr. DeRoos doing some of the foot work for us already. All we have to do is pay a fee and send basic info! And we will have our shares ready when it is time to cash in. It almost a done deal!

What is this? CDFT is following thru with its plan and making preferred share holders wealthy? No No, it can't be!!!
Pinky scam? Bwaaa Ha Ha Ha!!!! Wrong again!!!!!!

CDFT!!!!

IMO it was a buy when the preferred were being offered. Right now it is very much like playing Russian roulette. So, I guess it is really a matter of what kind of a player you are. You have to ask yourself, do you feel lucky? Sorry, I could not help myself. That question was more inspired by your avatar pic than anything else.

I will honestly tell you this. Unregistered electronic air shares are always a major gamble for several reasons! I own the preferred but I no longer hold those air shares.

Good Luck and good trading to you

JC

At this point it is simply to early to be certain of a timeline. We will be advised. However, at the rate that Kathy if moving assets into the company, it could be sooner than we might expect. I like to stay positive. After todays news there is every reason to be positive!

JMHO!

Actually you are completely correct.

They will get investors interested again. After an RS and registration the underwriter can use a SEC LICENSED promoter to drive the price. It is actually possible for preferred holders to cash out at a price higher than $2.50. It is just a matter of how you play it. We will have to wait until we cross that bridge to find out.

JMHO!

I seriously doubt that. There are no signs of what you are implying but we shall see. I am under the impression that it is a new ball game here.

I honestly don't know the answer to that. First off with the exception of the IRS since when does any government entity do anything in a timely manner? Second, there are more high priority objectives for the company and Kathy to accomplish right now than a name change. IMO it will all come together in due course.

Opinions will vary but, I don't think that is true. The preferred were a great option for investors to avoid the dilution and manipulation. Preferred share holders will be able to cash in big time and at profit at a later date IMO. We shall see someday soon enough IMO.

Its Ok Bro! After you cash out on CDFT you will be able to get another girl easily!

You really should email the company and follow it up with a phone call IMO.

That is cool. It was an honest mistake right?

100,000 X .1 = $10,000. Its just a dime! LOL!

LOL! You have heard of thing called promotion and or promoters right? Once underwritten, CDFT will use LICENSED promoters to drive the price! Preferred holders could very well cash out at a higher price than the $2.50 mark!

CDFT!

Your math is wrong. .0002/.00008 = $2.50

In CDFT we TRUST!!!

Yes, I saw that and only a little over $100K in debt. Not bad! Very high potential here!

Good video presentation. Thank you for sharing!

And you never know how huge a difference a day will make.

ARNH Rocks Bro! This is just the lull before the storm. ARNH looking good and I am sure we will hear some news soon. I have been enjoying the good weather also. I love summer time!

I think so too Goodword! I have a very good feeling about the future of this company. Kathy is making some good moves already and it will continue to get better and better! Patience will be a profitable virtue IMO.

That is a great post Goodword! BDC's, It is just a smart way to do business IMO!

ARNH!

JC

Sorry, I was having my first look at this today. To be honest I have not looked any further than the last posted financial. Who is the Domster and the landman? I appreciate your input or any links.

Thanks in advance!

JC

You do mean in your honest opinion right? Cause it seems we have done this dance before.

I don't see any mention of any legal action against the company Lamlam but, I do see a lot of stock based compensation and debt here. Hence the current no bid status. Some how some way the debt has to be removed. This one needs a laxative and some time.

Don't worry about my old posts unless you need them to do your DD.
If that is where you got to go to get your info then feel free.

What DD are you referring to? You did some DD? I no longer hold any air shares in CDFT so, I no longer care about current PPS. I only hold Preferred baby! REGISTRATION coming soon!

You already know that was one of the several posting mistakes made by the EDGAR rep. There is no oil formula. Yes you are right that the assets came from ATG but it came from Dennis's personal holdings not the others.

LOL! You forgot to add some cloak and dagger mystery theater theme music. Good thing most of us asked the right questions and did our DD on it already!

Yep, that was some bad stuff alright! Good thing CDFT did not buy ATG they only bought the assets. Also, a good thing that Dennis was not a part of the wrong doing by Joe and Michael. But this is all old news from way back.

Thanks Hokie! Very soon my friend!

If you don't believe, that is cool, I can live with that. For the rest of us, we already know. CDFT has and will continue to follow its plan to the desired goals that will benefit all the share holders of record. Registration of its securities will happen with ease. I have done plenty of DD on this. The SEC wants it and requires it! I can even show you companies that have far less going for them in terms of fundamentals than CDFT and I can easily see how the share holders of record have benefited abundantly.

It won’t be long before you will be saying “I Wish, I could have, should have, and would have”! Sorry, I guess that is forward looking….LOL!

CDFT!

Yep, it has come all the way down from RED FLAGS to I was just joking to now let's see how this plays out.

We know how this plays out right Bro?

RS
REGISTRATION
LONGS CASH IN
UPLIST
Collect Dividends!!!!

See you in the winners circle!

CDFT!!!!!!!!!!!!!!

What the heck are you talking about now? Please elaborate on this one. This a little better than the old "red flag" posts.

Your DD is incomplete...go back to it. I can tell you now that you will not know the whole story unless you talk to the company though.