Replies to post #18997 on Citadel EFT Inc (fka CDFT)

[StrategyTrader]

you are forgetting few things we either going to be aquired by a company and all cdft common will be worthless you will have your preffered with new company where you will be able to convert one preferred.This will happen at the IPO there will be liquidity to support the registered preferred shares which will range from 2.50 to whatever the price will be. Do not forget if aquired we will be part of the new company. And 0 balnce sheet and we shall see growth try to be positive.

if we do not get aquired and reverse split take place we then uplist to the Alternex and you still get to convert 1 prefered at 2.50

you will make more money than you will selling your common significantly more.

hope this helps.

IMO

[-JRod-]

Mindless, you will not be able to register and convert all of your preferred shares at once. Based on your investment, you will only be able to convert 1 or 2, (maybe a couple more if you have invested a lot.) The rest will need to be held for at least 6 mths (see rule 144.) after 6 mths, others will be able to be converted...how many is based yet again on outside factors. Something to keep in mind, if you do register and convert more to sell, you will no longer be eligible to collect a dividend on your remaining preferred shares.

[digimaster]

Mindless self, you are not seeing the big picture here. Everyone will have 1 preferred share available to convert to 100,000 common. they will be part of the second offereing the company does when they uplist.