Replies to post #37574 on Citadel EFT Inc (fka CDFT)

[Starlost]

I have very little confidence and trust in this company at present. The PR's are always confusing and leave out many details. Will I shell out $500 plus any other unexpected broker fees to convert my 1 preferred into 100,000 commons? Not likely. At least not at this time. I don't believe my broker would even entertain the option with a no volume OTC company. I have no confidence in the uplisting. The company has provided no proof of meeting the requirements.

It's time to contact the company by email or phone and start asking the hard questions. Let's see how the company responds. Anyone who even entertains complying with these extortion like demands to the shareholder to make the conversion is not thinking straight.

Too many questions. No trust, no confidence. It's a complete mess.

[DJknows]

Good morning and thanks bz35... like you I've been in CDFT because of its exceptional fundamentals, which remain btw, and before my knowledge of the Trust and re-structuring.

Worth repeating I still sincerely believe in Citadel and Mr.DeRoos there's commitment to move forward and uplist... that's been our CEO's aim probably since going public.

Having said this, think it's worth following the road map (however it may have changed) and continuing this particular "gamble" or potential "investment". For me it was much more but an original $100 play has turned into a $700 or $1000... is it not worth that for a chance at say $50k, $100k or $250k or...? My understanding is the process is standard or way it's done for uplisting and Mr. DeRoos' intent remains to get on the AMEX (Alternext)- no 'penny' stock would be on that exchange. I can only believe he and his team know the requirements and must be fulfilling them to be continuing this process.

I don’t believe Mr. DeRoos who's been a businessman with a legitimate operation for 20 years, revenue generating and debt free, is risking it all for nothing... and neither am I.

No matter what's in the next anticipated filing the point is this is still an enduring, growing business and the goal for the stock is to get out of the manipulated OTC arena to grow and do well. And I remain confident Mr. DeRoos is one of the best CEOs here... believe it or not as everyone’s entitled... but so I will take his word over any negative opinion... my money my plan!





It's all about what you know, your money and whether you believe...

Very best to you and all with our absolutely outstanding, exceptional and extraordinary CDFT!

[DragonBear]

Do you still have enough confidence in CDFT to "gamble" another $500

I liked CDFT because it had no debt and seemed to be on the way up.

What in the last 10K told you there was no debt? When you have net income of -$1.89M, with only $54K in cash coming into the year, that's debt. They issued stock and notes to take care of the difference - that's called future stock dilution.

We were told that the company would have a broker that would sell our stocks for us implying that $2.50 per share would be what we should expect.

And you were told wrong. This is not an IPO, on a major stock exchange, with an underwriter offering at a minimum price. Instead it was open hype season. Management was set up to front run retail. DeRoos's 200K share October-fest would have taken the PPS down. He would've sold his "cheap" shares to anyone for $1 or less.

Instead DeRoos has made a mess of things. It has nothing to do with "believes" or believing: DeRoos is one of the best CEOs. Worshiping the CEO doesn't change DeRoos has attempted bond fraud, while violating a litany of SEC regulations.

The "gamble" comes down to 3 scenarios:

1. Do nothing. It saves the additional $500. What you already have "invested" is likely a tax write off. If one "believes" in the CEO, then you lose nothing by waiting. After all if one "believes" it's worth $2.5, then wait, and redeem the cert later.

2. You send in your $500. The "gamble" is a Scottsdale actually accepts the Certs. That management doesn't crank up a front run while you are waiting. The SEC, and UST delays taking any action which would cause the stock to go grey. You're able to sell your 100K shares for something.

3. You send in your $500, and the stock gets chilled, along with a SEC suspension the moment a single shares trades, and/or UST files criminal charges against DeRoos. The stock turns grey while you are waiting. No broker will accept a grey Cert. You're out of another $500.

Those are the 3 choices, unless someone can come up with another. Your choice as to which one. But what you see is what you get. Especially the story the 8Ks created. What is guaranteed is one can forget about a $1K "investment" becoming say $50k, $100k or $250k. Not happening, never was. That's just a penny world dream.