I was one of the original people that Bill Schaefer responded to by way of text message. In August he confirmed that CCTL had in its possession 576 Bitcoin.
Questions began to surface simply asking him to verify these holdings.
Unfortunately all of these requests fell upon deaf ears and the gentleman completely ignored them.
What is perplexing to me (and keep in mind, i still hold a modest long position at .00075), is that Schaefer issued a PR stating that he will be stepping down as CEO it handing over the reins to a new CEO that had more experience in the cryptocurrency business.
If 576 bitcoin equates to over $10,000,000 , yet CEO Schaefer is leaving the company, what happens to this supposed $10,000,000 worth of bitcoin.
Clearly the CEO is not gifting what he built the Holdings of his company to contain, to the new CEO.
So, the common sense question everyone should be asking themselves is, " why hasn't CEO Schaefer even mentioned coin Citadel Holdings of Bitcoin publicly? Why has he not tweeted about the supposed Holdings? Its very easy to prove/verify bitcoin holdings. His press release basically said he was stepping down and wished the new company luck.
So.... What happened to the bitcoin Mr. Schaefer? Did any really exist? Did you sell them a year ago?, 6 months ago? , in August, or this week? Clearly if you did, a press release would have had to have been issued.
I've traded this from .00035 average to the low .001's then again from .00075 to .0011 and did quite well.
Im holding free shares but its getting a bit unsettling to not have these extremely simple questions answered.
To those of you with Twitter accounts, keep pressuring him to answer. Ask him directly how many Bitcoin the company has in its possession, if any. And ask him what the terms are when he steps down as CEO, if the new company inherits the Bitcoin or did he already cash out and the new company simply inherits a website etc.
This has got to be one of the most speculative stocks I have traded in 2017 and one of the most profitable for me. I will be sidelined completely very soon because something just is not adding up
