Replies to post #20099 on Citadel EFT Inc (fka CDFT)

[MindlessSelf]

IR actually called me to explain in great detail the whole process. We are being given a lottery ticket. It isn't even so much out of the goodness of CDFT, but the issuance of the preferred and the conversion of the common into the new index is REQUIRED. Based on the current share structure, they have have to proceed this way in order to uplist and because we were the lucky ones who happened to discover cdft and invest prior to record date, we will be rewarded by holding the preferreds for the IPO. You need X amount of shareholders and the price has to be at Y. A reverse split will wipe out the float and is counter intuitive so they HAVE to then have preferreds to be able to convert into common to regain the share structure required. We are being rewarded for being "loyal" shareholders by holding shares at the time of record date, but he said their hands are kind of tied and they are forced (in a good way) to do this in order to uplist. This is a lottery ticket (Investor Relations words)!