Replies to post #20967 on Citadel EFT Inc (fka CDFT)

[Maintman]

You're right but you're still out to lunch

[XFactor1]

This is incorrect. Jc or Pro you guys seem to understand the logistics behind this can you explain it to everyone....I'm tired of typing it.

[Starlost]

Of course they will be. Do you honestly think you will be able to cash out on them and sell sell sell?? If 100, 200 or 300 or 400 shareholders all want to cash out on their 100,000 right away, what do you think will happen to the share price? It will come crashing down. It will be like people running for the exit in a burning building. Everybody will want out. But that ain't gonna happen. Also, by the time you will try to sell your commons, the stock price will have taken a brutal beating. Not to mention, nobody will want to buy 100,000 shares of this company anyway at an inflated price.

See, to me, this still says very clearly that the converted shares will be restricted for 6 months.

n

[MindlessSelf]

I think you are right Pat. No one is going to be able to sell converted for 6 months so we will not tank the price with our actions in the OTC market. IR said underwriting will help manage our sale so I think CDFT will lay out the gameplan and recent accomplishments with underwriting and we should hopefully be on ALT Next by then!! Awesome, back to being relieved again.

I had to pull that IR post up again to remember the 6 month restriction. The article that I posted that breaks down the re-ipo using a reverse split stated that the uplisting typically takes 4 to 6 months. I think that further supports that if all goes as planned we will be selling on the big board and not here.