I do not but how does one move CDFT Preferred Shares "overseas" in order to short CDFT common stock. How do you even move Preferred Shares overseas at all for that matter? Maybe hold them in a foreign broker?
I know he converted his Preferred into Common in those other companies and sold them but that was for services rendered. What is wrong with that? That has to be held against the CEO of those companies if it was damaging to shareholders, not sure why that is Jay's fault.
And he couldn't just convert to common in CDFT without filing with the SEC first so we would be aware of it.
These 8K's are what is more important...the Board of Directors has a direct impact on the valuation of the company, more so than a single Preferred Shareholder. One of these gentlemen has already been scrutinized, why not put the other two through the ringer?
Form 8-K for CITADEL EFT, INC. 8-Mar-2013 Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On March 5, 2013 Darryl Reitmeyer was appointed to the board of directors of the Registrant to fill a vacant seat on the board. There was no arrangement or understanding between Mr. Reitmeyer and any other persons pursuant to which Mr. Reitmeyer was selected as a director. Mr. Reitmeyer has not been appointed to any committees of the board.
Mr. Reitmeyer holds a B.B.A degree in Marketing and Management from Northwood University.
He is a versatile professional with progressive experiences in hotel/hospitality marketing and operations management. The certifications in "Meeting Professionals" and "Convention Liaison Council" has given him multifaceted experiences in working with different associations, convention planning and centers, and visitor bureaus.
Since January 2012 to present Mr. Reitmeyer is the Director of Sales & Management at "The Hills Hotel" in Laguna Hills, CA. Prior to this current position, he was the Executive Director Sales/Marketing for the Escondido Chamber of Commerce and Visitors Bureau. From August 2010-November 2010 he held the position of Director of Sale/Marketing at the Loews Denver Hotel.
Throughout his career he has held a number of important positions with both Private and public entities where his skill sets have been utilized for the betterment of the organization and businesses where he worked.
Form 8-K/A for CITADEL EFT, INC. 5-Mar-2013 Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On December 19, 2012 Dennis Radcliffe was appointed to the board of directors of the Registrant to fill a vacant seat on the board. There was no arrangement or understanding between Mr. Radcliffe and any other persons pursuant to which Mr. Radcliffe was selected as a director. Mr. Radcliffe has not been appointed to any committees of the board.
Mr. Radcliffe was instrumental in selling the "Art to Go" assets to Citadel EFT, and he brings significant business acumen for strategic acquisitions moving forward
Dennis Radcliffe started in the finance industry after attending college in Alban , New York. Dennis, along with other family members started a financial company called Carousel Consultants, L.L.C. where he acted as a member and owner helping and developing the structure needed for many public and private companies.
Mr. Radcliffe is also the owner and operator of Crackerjack Classics. CJC is a sports and entertainment company that specializes in the finest memorabilia and art work from around the world. Mr. Radcliffe has worked with some of the greatest athletes, including Muhammad Ali, Peyton Manning, Tiger Woods, and Joe Montana just to name a few.
Currently, Mr. Radcliffe is also involved in a company taking part of the deregulation of a public utility, gas and electricity and is working as a senior consultant with Ambit Energy. He is also taking part of the hottest trend in online "penny auctions" with a company by the name of Bidify and there auction site Bidsson which is quickly becoming the number one auction experience online.
Form 8-K for CITADEL EFT, INC. 26-Feb-2013 Change in Directors or Principal Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS Effective on February 25, 2013, the Board of Directors of Citadel EFT Inc., a Nevada corporation (the "Company"), accepted the resignation from Maria Teresa DeRoos as a member of the Board of Directors of the Company. The Board of Directors subsequently appointed Jeff Symons as a member of the Board of Directors effective February 26, 2013. Therefore, as of the date of this Current Report, the Board of Directors consists of the following members: Gary DeRoos and Jeff Symons.
Biography
Jeff Symons. During the last twenty years, Mr. Symons has been engaged as a sales marketing and management executive with both public and private companies involving multiple industries. From 2011 to current date, Mr. Symons has been a new home sales consultant with K. Hovnanian Homes in Irvine, California. Mr. Symons managed and sold all facets of the on-site sales at The Tides in Carlsbad, California, which is a community consisting of 27 single family homes ranging from 2,408 to 3,009 square feet and priced from the $600,000's to the $800,000's. The total sales volume at the community was $18,000,000-19,000,000. Mr. Symons consistently performed above corporate expectations and was number 1 in 2012 "Olympic" Sales Contest in Southern California Region, the 2012 leader in dollar volume sales of K. Hovnanian agents in Southern California and the leader in sales meeting sharing articles and information pertinent to real estate market.
From approximately 2008 through 2011, Mr. Symons was the North America sales manager with Remin Health LC, which is a life sciences company for human and animal innovations in molecular nutrition. Mr. Symons aggressively managed sales for the North America sales division of Kemin Health LC to expand and revitalize growth. He was responsible for sales growth within contract manufacturers/distributors, end users and the vitamin dietary supplement industry. During his tenure with Kenin Health LC, Mr. Symons was #1 in global slendesta sales gross margin growth between 2009 and 2010 with 104% growth, increased sales during 2011 by as much as 60% over 2010 numbers for floraGLO lutein, launched new products with floraGLO lutein, including multi vitamins and eye health products, managed multiple geographies including California, Utah, Nevada, and Arizona, established new products with clients to be launched in mass market retail, implemented the largest order for Kemin Health slendesta 10% in 2010, had the largest account with sales growth of 30% during 2010 and secured major multi-level marketing company business in 2010.
From approximately 2006 through 2008, Mr. Symons was a new home sales consultant with Fieldstone Communities in Irvine, California. Mr. Symons served as the lead sales agent and managed the community, including all on site responsibilities of the project involving sales, customer follow up, liasoning with finance and escrow companies to ensure smooth process for customers. During this time, Mr. Symons was in the Presidents Club (awarded in 2008) for total independent sales and highest achievement honor and recognized in 2007 as one of the top three sales persons in California. He consistently achieved performance levels at the top of the Fieldstone Communities organization.
From approximately 1999 through 2006, Mr. Symons was a new home sales consultant with Lennar Corporation, which is a Fortune 200 company and one of the nations leading homebuildres. My Symons served as a consultant to new home communities and displayed excellent customer skills as evidenced by high customer satisfaction scores. During his tenure with Lennar Corporation, Mr. Symons was the 2006 Sales Person of the Quarter by the Sales and Marketing Council of the Building Industry Association, the Sales Person of the Month by Lennar Corporation (#1 out of 30), nominated as finalist for Sales Person of the Quarter multiple times between 2002 and 2006 and achieved #1 community rating by Lennar Corporation as measured by Eliant Customer Satisfaction Surveys.
-2- Mr. Symons earned a BS in Business Administration from Iowa State University in 1987 and a MS in Education from Northern Illinois University in 1994. Mr. Symons earned the Executive Leadership Certification from Cornell University in 2010. He is also the recipient of numerous awards: (i) 2012 #1 in K. Hovnanian "Olympic" Sales Contest; (ii) 2007 Fieldstone Communities Presidents Club - 2007; (iii) SMC Recipient of the Sales Professional of the Quarter Award, 2006 - Q2; (iv) BIA Sales Professional of the Quarter, San Diego County, Finalist - 2002, 2003, 2004, 2006; (v) achieved #1 Community rating in Lennar San Diego Division (Eliant) - 2002, 2003, 2004, 2005; (vi) JD Powers #1 Division in San Diego County - 2004; (vii) Z Award recipient for best overall Lennar Community SD County - 2003; (viii) Leonard Miller Chairman's Award (Lennar-Team Orange County) - 2001; and (ix) Lennar Sales Associate of the Month Award (#1 out of 30 sales people) - 2000. Mr. Symons has also earned notarble personal achievements: (i) Iowa State University Letter Winners Club Board of Directors - 2011-Present; (ii) Iowa State University All American Wall - 2010; (iii) World Champion Masters Three Meter Springboard Diving - 1992; (iv) Ames High School Hall of Fame Inductee - 2001; (v) Iowa High School Swimming and Diving Hall of Fame - 1992; and (vi) NCAA All-American Diving - 1984, 1985, 1987
The Syndicate Trust is run by Jay King. He is pulling the strings here.
Why not just ask him about FDMF. Ask Gary where he is getting his advice. Jay King likes to mention lots of companies that he has taken on the Amex using this same methodology. Get specifics.
He mentions his association with a NY company. Call the company. Verify if it is true.
Can anyone answer me the following:
Who would sell $4 million in assets for preferred stock in a sub penny. Don't you think that the sports memorabilia can not be easily sold and is not easily valued. Real estate in Dominican Republic. How is that verified?
All these classes of preferred shares being issued that can be converted into common. Does this sound normal?
Do you think that a sub penny stock like this can go to the Amex with sports memorabilia assets.