Citadel EFT Inc (fka CDFT)

[Pro-Life]

All: Remember this?: CDFT Expects to File Registration Statement, on Road to Becoming BDC... Yep, part of the business plan.

It needs to be reread in my view:

http://www.marketwire.com/press-release/citadel-eft-inc-cdft-expects-to-file-registration-statement-on-road-to-becoming-bdc-otcqb-cdft-1736969.htm

... in keeping with the Company's pursuit of an American Stock Exchange-AMEX listing, the Company will be filing a registration in the New Year. The registration statement, once effective from the SEC, will move the Company into a '34 Act Company'...

... "This registration statement is a necessary step to becoming a Business Development Corporation, 'BDC,' as only 34 Act Companies can elect to become one. The BDC process perfectly reflects our expansion goals, because our stated objective will be to buy incomes, and pass dividends on to stakeholders. Creating dividends through existing business operations, as a group, we can certainly buy appreciable incomes and flow those dividends back into the Company as retained earnings, and to the stakeholders as cash dividends...

... CDFT's Management believes that being a BDC entity is best suited for Company and its shareholders. A requirement to become a BDC, the Company needs to maintains a Net Asset Value and debt obligation below equity. At this time, the Company meets these current financial conditions and will move forward with a 1934 Act Registration Statement.

CDFT management WILL do as they say...