Coin Citadel (CCTL)

[Starlost]

Something is just not adding up here. It took nearly 3 years for Pillsworth to finally put an update on his website regarding the confusion around the ownership of bitcoin. Sadly, this should have been laid out in the beginning without claiming that CCTL owned 576 bitcoin. Once that could be verified, then he can put that in the fins.

Sorry, but this just reeks of either scam or total disregard for shareholder transparency. Why do you think the CE was slapped on CCTL? For this very reason of public mistrust now with regard to the bitcoin ownership.

His explanation is lame:

The decision to continue to list Bitcoin in Treasury was made on the basis of good-faith judgment and due care. It is not the CEO's role to play detective whenever information, including financial data, is received in an apparently reliable manner from previous corporate officers or from OTC filings or experts such as attorneys and public accountants.

Anyone who knows anything about assets in a company does not just go on "good-faith" with regards to bitcoin ownership claimed. Wow. For someone with Pillsworth education and knowledge regarding cryptocurrency, it just SIMPLY DOES NOT ADD UP.

I think he is still hiding something.

I think the SEC should investigate the connection between Schaefer and Pillsworth and dive deep into all the transactions and deals between them when the company was supposedly passed on from one to the other. I agree, we only know half the truth here.