Citadel EFT Inc (fka CDFT)

[thatguy157]

The REVS from the core business was in decline as of Q2 and that is all that is shown.

Revenues 3 Months Ending 2013 $101,901 down from the same 3 months of 2012 $148,753. That is a decrease of %31. CDFFT is a Company Declining Revenue or a reverse growth. The previous quarter also showed a decrease. Fact.

However, REVS from BDC activities have increased which is not shown and wont show up until we see Q3 on 8/15

LOL pure speculation. Show some DD (other then a Press Release) that CDFT is even adding addition revenue sources. Pure guesses are a weak argument.

Also, I expect that the value of the assets will also increase because they were devalued from $10Mil to $3Mil as per the Dotty Scott report. According to the report the devaluation was primarily due to the excess Preferred shares that were retired and the excess commons that were also retired..

Why 10 million because the company said so? The assets were later appraised by a third party and now worth under 3 million according to the company filings. So the Assets are going to triple in value because they were paid for in preferred shares? Lol

ATG sold to the Company over $10 Million of Sports and Entertainment memorabilia, in exchange for Series C preferred restricted stock.-PR

Citadel obtained an independent external valuation of the assets acquired and the consideration given and determined that the value was $2,972,000. -Filling

http://www.marketwire.com/press-release/citadel-eft-inc-cdft-purchases-assets-of-10-million-to-seek-listing-on-amex-otcqb-cdft-1721823.htm

So CDFT bought "10 million" in assets but got valued at under 3 million to CDFT for 10 million in preferred/common stock and that company has not collected any money yet. Posters here think they will be able to sell their stock and cash in before the they do?

Bottom line, The wholesale value of the assets (sports memorabilia) is over $7Mil!

More speculation, actually that is flat out wrong, the company does not even believe that, the third party appraiser does not believe that, it is in the filings.

I challenge you to show us another OTC company that has a solid asset base and zero debt like CDFT! I don’t think you will find one but let us know if you do.

See when massive amounts of false equity anti dilutive preferred shares get thrown around the company may look like they are in the biggest Debt Free situation. But the Preferred Shares with such massive conversion numbers are the actually liabilities to the PPS and fundamentals of the company. I really don't expect this to be understood, but it is very true. See the company is just issuing preferred shares with larger conversion amounts then the original liabilities. But when the company makes no money, it is the only thing they can do.

Preferred stock issued for purchase of assets 2,972,000
Common stock issued for settlement of liabilities 65,000
Preferred stock issued for settlement of liabilities 67,500
Preferred stock payable for settlement of liabilities 11,296
Cancellation of preferred stock issued for settlement of liabilities 10,030 -Filling

All of those preferred shares paid for real financial liabilities and "assets" will be paid, long before the common shareholder or recent preferred shareholder here makes a dime.