Citadel EFT Inc (fka CDFT)

[DragonBear]

Do you still have enough confidence in CDFT to "gamble" another $500

I liked CDFT because it had no debt and seemed to be on the way up.

What in the last 10K told you there was no debt? When you have net income of -$1.89M, with only $54K in cash coming into the year, that's debt. They issued stock and notes to take care of the difference - that's called future stock dilution.

We were told that the company would have a broker that would sell our stocks for us implying that $2.50 per share would be what we should expect.

And you were told wrong. This is not an IPO, on a major stock exchange, with an underwriter offering at a minimum price. Instead it was open hype season. Management was set up to front run retail. DeRoos's 200K share October-fest would have taken the PPS down. He would've sold his "cheap" shares to anyone for $1 or less.

Instead DeRoos has made a mess of things. It has nothing to do with "believes" or believing: DeRoos is one of the best CEOs. Worshiping the CEO doesn't change DeRoos has attempted bond fraud, while violating a litany of SEC regulations.

The "gamble" comes down to 3 scenarios:

1. Do nothing. It saves the additional $500. What you already have "invested" is likely a tax write off. If one "believes" in the CEO, then you lose nothing by waiting. After all if one "believes" it's worth $2.5, then wait, and redeem the cert later.

2. You send in your $500. The "gamble" is a Scottsdale actually accepts the Certs. That management doesn't crank up a front run while you are waiting. The SEC, and UST delays taking any action which would cause the stock to go grey. You're able to sell your 100K shares for something.

3. You send in your $500, and the stock gets chilled, along with a SEC suspension the moment a single shares trades, and/or UST files criminal charges against DeRoos. The stock turns grey while you are waiting. No broker will accept a grey Cert. You're out of another $500.

Those are the 3 choices, unless someone can come up with another. Your choice as to which one. But what you see is what you get. Especially the story the 8Ks created. What is guaranteed is one can forget about a $1K "investment" becoming say $50k, $100k or $250k. Not happening, never was. That's just a penny world dream.