Replies to post #31319 on Citadel EFT Inc (fka CDFT)

[DragonBear]

CDFT has only paid a cash dividend to the CEO ever is fact.

when driving a car does one spend more time looking in the rear view mirror or ahead toward the future. cdft dividend paying preferred.

True, one can just ignore the fact for the 3 months ending 30-Jun net income was a whopping $146K, with DeRoss giving himself $97K in a divy,. After all that's just a one time occurrence, and surely does not establish a pattern of behavior by the CEO - correct? It's not as if DeRoos gave himself $235K in divys, as the company bled -$148K in the first 9 months, even though that's exactly what happened. Yeah, you're right, one shouldn't even attempt to wipe that rear view mirror where in 2012 the company recorded a $1.8M loss, and DeRoos give himself: $160K in a divy, and...

40,000,000 shares to Series C preferred stock to Mr. DeRoos based for future rendering of the outstanding services, leadership and innovative business operational strategies

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Imagine what the losses without his outstanding leadership would've been! The question going forward is no longer how he managed to weasel out a divy in a red sea, but how much he will continue to weasel out, with the idea of sharing the majority of it with his Class D shareholders? Guess it all depends on how much CDFT stock he can dump into the market, and how generous he suddenly feels.