Coin Citadel (CCTL)

[HurricaneCat5]

Annual Report 2018/2019 page 4/5

Risks Related to Coin Citadel
We may be classified as an inadvertent investment company.

We are not engaged in the business of investing, reinvesting, or trading in securities,
and we do not hold ourselves out as being engaged in
those activities.

Under the Investment Company Act of 1940, as amended (the “1940 Act”),
however, a company may be deemed aninvestment company under Section 3(a)(1)(C) of the 1940 Act
if the value of its investment securities is more than 40% of its total assets
(exclusive of government securities and cash items) on a consolidated basis.

Pillsworth has to be smart with what We/He disclose until it is imperative.


Oh the {576] are there and more too.

CCTL