Citadel EFT Inc (fka CDFT)

[Iluvbbs]

I see that...from 50 in Sept. 2012 down to just 30 in Jan. 2013....wondering where that 500 shareholder count reference came from, other than a conference call...anybody know?....I mean, I'm sure it's more than 30...there's got to be that many here on IHUB alone!.....

I think what you guys are missing here is the CEO from his verbal perspective the company has over 500 Share holders individually BUT what you guys are missing is that "retail" shareholders are only counted as one (1) in the eyes of each of your individual shares.

Let me explain, this is what a NOBO (Non Objecting Beneficial Owners which simply means that you guys do not have an objection to your ownership information being known by the company)....But alas, I digress.

When you open your stock account you are not really purchasing shares in certificate form therefore all your broker (and by association the MM's) has to do, is to put an IOU electronically into your account. The only place that physical certificates are held is with the DTCC. This is part of the reason that you are charged what you are charged (sometimes up to a $100 for each cert.) to get a cert simply because your broker will place your order and it is up to the TA to get that number of shares BACK from the DTCC FIRST so that the TA can print a cert in YOUR name.

The number 30 you guys are seeing represents 30 entity's (brokers investment funds, estate trust accounts, and a scad of other "investment" vehicles used today to help us all invest in CDFT.

***Took me a while to understand how this works too. Shareholders of record is not something to worry about. It is a meaning less number to retail investors.***

Each of these "vehicles" types, only count as one (1) shareholder in the eyes of the DTCC (and that privately owned corporation can wreck havoc on the markets just by the shenigans they do)
regardless of how many clients in CFDT that Scottrade may hold brokerage accounts for. And the same theory applies to Etrade, TDA, trust funds, investment funds, etc. etc which probably TOTAL up to only 30.

So again for instance, although there may be 10 of us here who all use the broker Scottrade, in an 8 or 10 K, Scottrade should only count as one shareholder (as they are the one's that have the brokerage licenses to trade the stock on your behalf) and the same rules apply to the maybe 10 others holding CDFT shares who use Etrade (which again only counts as one shareholder), and so on.

Wish I had links to offer you all right now but Google it if you want more in depth information. I am exhausted tonight and i am off to bed in a few seconds.

Hope this helps clear up some confusion.

Best,

But THAT's the way it is SUPPOSED to work but everyone knows that 8K's and 10K's can be written in any way the company wants so sometimes, whom ever prepares the reports will list the number of beneficial owners as the share holder of record instead of doing it the RIGHT way and just listing the broker as a single stockholder.