Citadel EFT Inc (fka CDFT)

[PatB1]

See, to me, this still says very clearly that the converted shares will be restricted for 6 months.

"the shareholders of record, meaning those who own the C&D convertible preferred securities will be asked to send their PREF security to the TA to convert 1 PREF share into 100,000 common, those securities are restricted for 6 months, but now you will be part of the Issued Capital."

I actually think that is how they will control this.
1. Restructure to get current common shares to $2.50.
2. Convert x number of preferred to common to re- establish float. But these are restricted for 6months, so the share price stays stable (theoretically).
3. By the time they are unrestricted, we are at AMEX and the market is in control.

This is IMO. Not an expert. You guys tell me if I'm out to lunch.