Coin Citadel (CCTL)

[DawgTrading]

Shalley from what Ive read the deal will only start having bills come due when the machines are active. You agree with that assessment?

Then if you are asking if he isnt installing anything while in the latest investor disclosure of Q3 2021 it states:

Current Liabilities
Current Portion of Lease Liability $ 1,774,655
Total Current Liabilities 1,774,655

So I can take this two ways, 1- that now that machines are running the percentage of the machines are due monthly. And since we havent seen any payments made by CCTL to 2CRSi yet I can only assume.

Or 2- this is the part installed, but no payments start until installation is fully complete.

Does this mean 1 machine turned on is fully complete for that machine, or all to start payments. If its all, then the machines up and running now should be generating income, and we should see another Q over Q increase. Then there could be enough cushion to start payments once all machines are running due to already accumulating revenues as machines are coming online.

Q revs:

Q1 2021: $13,050 - just getting started right (however digital assets is the number used for some reason in Q2 qtrs to date, which is 26749 on assets page, which is the weird part of GAAP crypto accounting which I think is why Tom needed to get a new accountant to sort how to properly disclose how digital assets are listed on disclosrues)
Q2 2021: $75,884 - thats a 580% increase in revenue (im pressuming from mining crypt no?)
Q3 2021: $120,578 (that would now be 158% increase in revenue Q/Q) (I do however question if its 6 months they reporting or just the 3 for the Q3 revenue section) Ill assume that its for the quarter, and they didnt show revenue to date, like in the other filings.

If they did then for all 3 Q's its the sum of above:
$209,512 for 2021 thus far Q1 - 3.

Next disclosures if/when they come I think we will see another +100% increase in revenue in the quarter. I also ask if Tom did not care to get current, why even bother with Q1, 2, and 3. Im very confident that Q4 will come, and attorney letter. That would be 2 full years of updated financials (even if its no taudited), it should be enough to clear the CE and resume trading on Pink current designation.

I also think since they are amending 2020 annual, and 2021 Q1 -3, plus 2021 new annual we will see more organized disclosures with the new accountant.

Plus GAAP crypto accounting is very weird the way you claim losses when your crypto assets lose value in price, but cannot claim gains when it goes back up until you sell it. At that point you claim profits, but if it ever goes down in any quarter (below your purchase price) you claim losses on the next quarterly statement.

As I wait my other play bseg just got into crypto, web3, and NFTs, please check the news.



Best,
DT