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Posted On: 03/28/2014 8:43:29 PM
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medical-marijuana-merchant-account.com
marijuana-credit-card-processing.com
Welcome to Citadel EFT INC.
Citadel EFT, Inc. credit-card-processing.com has been helping companies for over 20 years establish a merchant account for credit card processing. Citadel has no monthly fee and no minimums for our credit card service. As a merchant of ours, you can process credit cards like Visa, MasterCard, Discover, American Express, EBT, Checks and ATM Cards, Citadel ships your credit card machine, free of charge.
Gary DeRoos, President of CDFT stated, "The trend is clear, the medical marijuana industry generated over $1.5 billion in revenue nationwide last year, and is expected to grow to $9 billion by 2016, offering Citadel multiple oppertunities in a spectrum of transaction processing solutions using traditional, Internet point-of-sale, e-commerce, and mobile (wireless) terminals that are safe, legal and fully compliant with Federal and State Laws designed specifically for the legal marijuana industry. This will be the focus of our 2014 business plan along with Up-listing to the NYSE.
Phase Two
Citadel is aggressively pursuing potential acquisitions and opportunities as more states come on board this billion dollar Industry, which is estimated to double evey two years for the next ten. Gary Deroos stated "We think its important in this fast changing sector to be all in from the cultivation side all the way through to retail to Credit card processing".
The products that can be made from Marijuana and Hemp number over 25,000
Henry Ford experimented with hemp to build car bodies. He wanted to build and fuel cars from farm products.
BMW is experimenting with hemp materials in automobiles as part of an effort to make cars more recyclable.
Much of the bird seed sold in the US has hemp seed (it's sterilized before importation), the hulls of which contain about 25% protein.
Hemp oil once greased machines. Most paints, resins, shellacs, and varnishes used to be made out of linseed (from flax) and hemp oils.
Rudolph Diesel designed his engine to run on hemp oil.
Kimberly Clark (on the Fortune 500) has a mill in France which produces hemp paper preferred for bibles because it lasts a very long time and doesn't yellow.
Construction products such as medium density fiber board, oriented strand board, and even beams, studs and posts could be made out of hemp. Because of hemp's long fibers, the products will be stronger and/or lighter than those made from wood.
As you can see the investment opportunities with Marijuana and Hemp are endless. There is no better time to invest in this industry.
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Citadel EFT, Inc. ( CDFT ) Announces Registration With the SEC by July 31, 2013 for All of the Common Shareholders Who Have Been Issued the Anti Dilutive 'C' & 'D' Preferred Securities
OCEANSIDE, CA--(Marketwired - Apr 22, 2013) - Citadel EFT, Inc. ( OTCQB : CDFT ) CEO Gary DeRoos announces that Citadel EFT will be finally pursuing a registration statement for its shareholders who own the 'C' & 'D' Anti Dilutive Convertible Preferred Securities by July...
4/22/2013 11:54:18 AM
Citadel EFT, Inc. ( CDFT ) Announces Issuing Anti-Dilutive Convertible Preferred 'D' Securities to All Common Shareholders, Commencing May 23, 2013
OCEANSIDE, CA--(Marketwired - Apr 19, 2013) - Citadel EFT, Inc. ( OTCQB : CDFT ) CEO Gary DeRoos announces that ALL common shareholders as of record date May 13, 2013 will be issued Anti-Dilutive Convertible Preferred 'D' Securities by May 23, 2013. Gary DeRoo...
4/19/2013 9:00:00 AM
Citadel EFT, Inc. ( CDFT ) Announces That 117,000,000 Common Shares of Mr. DeRoos' Personal Holdings in CDFT Will Be Retired on May 13, 2013
OCEANSIDE, CA--(Marketwire - Mar 27, 2013) - Citadel EFT, Inc. ( OTCQB : CDFT ) CEO Gary DeRoos is pleased to announce that he will be retiring 117,000,000 of his 168,000,000 common securities effective May 13th, 2013. This is two days prior to when Citadel EFT is due to...
3/27/2013 9:49:15 AM
Citadel EFT, Inc. ( CDFT ) Providing Directors & Officers With Corporate Liability & Indemnification Insurance, a NYSE Alternext Exchange Listing Requirement
OCEANSIDE, CA--(Marketwire - Mar 18, 2013) - Citadel EFT, Inc. ( OTCQB : CDFT ) announces that the Company will be providing its Board of Directors with Corporate Liability & Indemnification Insurance, commonly referred to as D&O Insurance (D&O). Citadel EFT is growing i...
3/18/2013 9:00:00 AM
Citadel EFT, Inc. ( CDFT ) Completes Convertible 'C' Class Preferred Commitments, Completes Acquisition of the Villa in the Dominican Republic
OCEANSIDE, CA--(Marketwire - Mar 13, 2013) - Citadel EFT, Inc.'s ( OTCQB : CDFT ) CEO Gary DeRoos announces that Citadel EFT Inc. has completed on the Convertible 'C' Class Preferred Shares in order to execute closing of Villa 613 in the Dominican Republic . G...
3/13/2013 3:36:13 PM
Thursday, February 28, 2013
Citadel EFT, Inc. (CDFT) Retires 40,000,000 Series 'A' Preferred Shares, Exchanges All Professional Obligations for Equity, and Balance Sheet Improving From Q1 Marketwire ( (Thu, Feb 28)
Monday, February 25, 2013
Citadel EFT, Inc. (CDFT) to Provide Business Consulting Services to Micro Cap Issuers in Exchange for Convertible Preferred Stock Compensation Marketwire ( (Mon, Feb 25)
Citadel EFT, Inc.'s (CDFT) CEO Gary DeRoos Interviewed by Short Traders NanoCap Magazine Marketwire ( (Mon, Feb 25)
Friday, February 22, 2013
Citadel EFT, Inc. (CDFT) Nominates Common Stockholders Kevin Grogan and Eric Griesser to Its Advisory Board Marketwire ( (Fri, Feb 22)
Citadel EFT, Inc. (CDFT), Gary DeRoos Retires Into Treasury, 40,000,000 Series 'A' Preferred Non-Equity Shares Effective February 25, 2013 Marketwire ( (Fri, Feb 22)
Thursday, February 21, 2013
Citadel EFT, Inc. (CDFT), Provides Further Information on the Impending Retirement of CEO, Gary DeRoos' Common Stock Marketwire ( (Thu, Feb 21)
Wednesday, February 20, 2013
Citadel EFT, Inc. (CDFT) Announces CEO Gary DeRoos' Interview With Mr. Marek, of "The Stock Radio," Can Be Heard on www.thestockradio.com Marketwire ( (Wed, Feb 20)
Citadel EFT, Inc.'s (CDFT) CEO Gary DeRoos Announces His Intent to Retire 70% of His Common Shares of the Issued Capital, After Q2 Marketwire ( (Wed, Feb 20)
Tuesday, February 19, 2013
Private Investor's Lawsuit Amicably Resolved GlobeNewswire ( (Tue, Feb 19)
Private Investor Files Lawsuit Against Citadel EFT, Inc. GlobeNewswire ( (Tue, Feb 19)
Citadel EFT, Inc. (CDFT) CEO Gary DeRoos Announces $257,000 USD Appraisal on the Villa in the Dominican Republic Marketwire ( (Tue, Feb 19)
Citadel EFT, Inc.'s (CDFT) CEO Gary DeRoos Meeting With NYSE Aletrnext Directors a Success Marketwire ( (Tue, Feb 19)
Friday, February 15, 2013
Citadel EFT, Inc. (CDFT), CEO Gary DeRoos Announces That Citadel's FORM 10-Q Compiled by Malone & Bailey Is Available for Public Record and a Complete Copy of the Doty Scott Valuation Report Can Be Made http://ih.advfn.com/p.php?pid=news&symbol...TAvailable Upon Request From Citadel E Marketwire ( (Fri, Feb 15)
Articles and Links of Note:
Link to SeekingAlpha.com
Links to millertimemnm in Afghanistan posts #1 ... #2 w/CDFT Photo
Link to Doty Scott's Asset Evaluation
The Stock Radio with Gary DeRoos CEO of Citadel EFT
In The Bullseye : Is Citadel EFT, (OTCQB: CDFT) The Real Deal?
The latest increase in the stock price and Citadel EFT's consistent trading since the rise has given the micro cap investment community pause for reflection. Now while this editor and magazine does not endorse or recommend companies, as we typically take a very cynical approach to penny stock trading, Citadel EFT's success really seems to be a rare anomaly. Paid for promotion, insatiable delusion, and outrageous convertible debt in most, if not all, of these stinky pinkies and BB companies are plurally responsible for the demise of the market. The majority of these micro cap companies offer nothing to their shareholders, outside of the prospect of more hype and more false promises. I also realize, as a retail investor that market makers prey on all these subtleties, because they can count on the panic factor. Nobody really trusts the insiders or management for that matter. Lying has become second nature to many of these executives, and selling the nightmare while others are buying the dream has become status quo for micro caps. Nobody wants to be the only tree in the forest, because nobody hears it fall, and nobody wants to be the last investor holding a bag of broken dreams. That leads us to the narrative surrounding paid promoters and the execution issues selling those same securities when good money goes in to buy bad money. Why else do companies and their majority stock holders pay for promotion, unless it was to sell stock, which invariably these faudsters use to finance their company. When was the last time anyone saw a groundswell of excitement about a company, that was strictly organic, untainted by the paid newsletter sirens.
This takes us now to the pause for reflection moment when I was talking about Citadel EFT. We tried to get hold of Gary DeRoos, the CEO of Citadel, and found it impossible to reach him. We did speak to the gentleman handling their shareholder communications and the conversation lasted for at least two hours. The talk we had was one I have never had before with any company on the quotation service. He did not hustle me to buy stock, nor did he even talk about the stock price. We had done our own due diligence on the company, examined their filings, looked at their press releases and viewed the last Q, and there was nothing that we could see, that were negatives in the company, that they had not already addressed. He told me that the public company had made some major mistakes in how it understood the value of its securities, he said that those mistakes were a function of poor judgment and poor advice. He gave me every reason not to buy the stock, but when I saw the company's "bones" as I like to call it, and it's financial statements, the attraction was instant. I mean, who sees a debt free $3,000,000 company with $100,000 reoccurring net cash on the balance sheet every year. Now while those numbers are not breath taking for small cap companies, what is breath taking, is that not only did the CEO create a dividend for himself, he is prepared to share the wealth with the stock holders by giving them dividends. That is unheard of for micro cap companies, heck it is even unheard of for big board companies. Now, I don't know, if he will do it, but if the companies recent past has any baring on the future, we may actually see a FIRST on the BB.
I never get emotionally tied to an issuer, because I have seen so many of them with the best of intentions, fall prey to themselves, their own greed, and yes, the people pulling the strings behind them. I can't say, for certain, who has Gary DeRoos' ear, but I can say, keep up the good work. It seems that the real value of this company, based on its current financial statements, as opposed to fictitious hype, is yet to be explored. It also explains the groundswell of support coming from the often dodgy retail micro cap speculator. I don't use that term pejoratively, as I, on occasion, play the slots, the ponies, and micro caps, for the quick hit. I must admit, I never thought I would see the day, where I thought I would buy a micro cap stock directly from the public company and hold. This is one of those very rare moments indeed. I am not recommending anyone buy this stock, as it's my own personal decision that arrived at buying directly from the company hoping to see those dividends they talk about, but I am recommending that everyone who wants to buy a stock, start using this company, perhaps as a standard bearer. I am still pinching myself, a company with a growing small business, no debt, assets of $3,000,000 no issuance resolutions to release stock into the float, talking shareholder dividends and senior exchange. And to top it all off, admitting the previous mistakes and aggressively fixing those same mistakes. Again, I don't know if Citadel EFT can do everything that it says it wants to, but if this is how they want to go about it, AMEN. After all we are in the risk business, we just need to take more calculated risks, and Citadel EFT gets my vote. If they succeed, they will raise the bar for other issuers, and I have a sneaking suspicion that the best is yet to come out of Citadel ETF. To our readers out there do your DD, ask questions until it hurts, and do not part with your money until it is in the filings, otherwise it is going on BLACK or RED. Sometimes the odds at the casino, are better than the penny markets. Good hunting to all!!!!!!
CDFT : The Scoop on Citadel EFT!
February 25, 2013
Citadel EFT is a small micro cap company that trades on the over the counter quality board and has been making waves for all the right reasons. We are not here to talk about their stock price, which by all appearances, seems to have completely caught even the newsletter schleps by surprise. What we have found interesting about this issuer, however is not the stock price. We all know that the paid for promo ambulance chasers typically alert the unsuspecting micro cap penny investors with the dead or companies that should be terminated. There is a laundry list of companies, whose sole claim to fame, outside of the pump and dump, that put them on the radar, is their DEBT, DILUTION, and miserable CAPITAL STRUCTURE. But I think we may have found the needle in the haystack. I had the opportunity to interview Citadel EFT's CEO, Gary DeRoos and here is the Scoop from our interview.
Mr DeRoos, it is pleasure to sit down and talk with you. I guess you know we are not in the habit of interviewing micro cap companies, in most cases we think most of them are paper plays that will never amount to anything, other than personal piggy banks for the insiders or the nominees representing them. We took a shining to your company, for a couple of reasons. We looked at your balance sheet, which is where all due diligence should start, and we were surprised to see a company that had no debt, not even affiliate debt…..As you know that's where the dilution typically starts and where the paid promo ends. I don't want to be cliche and ask you what you do, because our audience are primarily the short sellers in the market, who see the fraud and mismanagement in so many of these issuers, and they know your business well. So I won't ask you to describe what you do, but I do want to know, how Citadel lasted this long, being a novelty item on the Quality Board?
Hi Iman, thanks for even finding us, we are not very well known outside of our core group of savvy investors that follow us every day. I guess, it's because we are a 20 year old company, that has been concentrating on making money, and we have been pretty good at it, and never needed debt to finance any of our operations. However up until September of 2012, we were spending more money to remain public than it was worth, because we were not raising money either. But we soldiered on, because we knew somebody eventually would take notice. As far as your audience is concerned, I have a healthy respect for short traders in the market. I understand they serve an important function in our market, but we just want the opportunity to prove we are different.
Gary, you mentioned, September 2012? What was the company doing and why was that a watershed moment for you?
Well, Iman, Citadel EFT, prior to September last year was still a thriving business, with a albatross around it's neck, called CDFT! The public company experience was not enjoyable, my personal expectations of what we could be were not being met, and everything seemed to be an unnecessary cash grab on the business. We did the dog and pony shows, we went to the micro cap conferences, sat down with traditional IR firms, and the more we felt we could be making progress, the more we realized that nothing was performance based, you had to pay to play ! I made some poor judgement decisions that cost the public company a significant amount of equity and I really did not understand how structuring a public company for success was as important as the success we wanted to achieve! My business was profitable, small, but growing and I did not fully understand how we could use the public company to its full advantage, for the benefit of all stockholders.
Gary you mentioned that the big change took place in September? Why the glowing smiles now, and when I look at your balance sheet……..wow, I mean, wow…what a remarkable change in the numbers, the direction of the company, and the tone of your press releases!!! I mean the first thing that got my attention was the balance sheet, the filings, the amount of material event changes reported by the company in it's news and the tone and language being used in the press releases! Can u shed some light on what happened here, I have got to presume, there is a lot of power and wisdom here, you have behind the throne.
Iman, I do not even know where to start…..September last year was certainly like being reborn. We were approached by an Investor Group, who were themselves active Big Board Short Traders, and their business model was solely built on corporate restructuring, asset management and wealth management. They had a completely contrarian view of paid for promotion. It's kind of weird that I am sitting down with you, and discussing it this way, because even today, I can't believe the remarkable difference in the public company, CDFT, and now how it works for Citadel EFT and it's shareholders. I mean as I look back at the improvements, it's absolutely amazing!
Gary, let me get this straight, did u just say that you met a group that were, or are Big Board Short Traders that showed you the way??
Yes, they were very clear in telling me that micro cap short traders were a different breed, but were most often justified in betting against these companies. They said that companies with debt, dilution and a lack of cohesive investor confidence, would be the undoing of all these paid for promo efforts, and most of the companies deserved their fate.
I will name the group, I don't think they would mind. They called themselves THE SYNDICATE TRUST, and often referred to themselves as the Coalition of the Willing or the League of Extraordinary Men & Women.
What was their first order of business, and how did they change the company?
Iman, they structured our Convertible Preferred Designations, wrote the rights and privileges of those instruments, and created the documents we need to attract equity. It was incredible easy actually, and what stunned me, was what happened next. The TRUST, as they like to refer to themselves, went out and located assets that the public company purchased, through an asset purchase agreement, those were the sports and entertainment memorabilia collection we bought from Art to Go. The due diligence process in purchasing those assets was rigorous. We had an independent third party appraisal, we had the proper agreements to buy the asset and we used the right designation of preferred to secure completion of the equity. It was all so fast, but yet so well done that I was still left shaking my head, that we had scored the coup of CDFT's lifetime. They told me that the public company, should never be defined, exclusively, by the company's business interests. They said that the real value of the public company, was in it's ability to create it's own commercial paper, and use that paper to secure value on the balance sheet. They were only interested in enhancing Net StockHolders Equity and less interested in the revenues I was generating. They were all about the balance sheet, they did not care about the stock at that point. The dialogue we had with our auditors and the extra care we took with our due diligence review, in hiring DOTY SCOTT ENTERPRISES, to evaluate the assets to SEC standard was something quite foreign to me, but they reminded me that erring on the side of caution and having that review done, was an important and necessary firewall against overestimating what we had. Nonetheless, the process was an eye opener.
Gary, this sounds like the DREAM TEAM here, but it appears it's paid dividends…….excuse the pun!! The company has already paid dividends to you and now it's getting ready to offer cash dividends to the Preferred Stockholders, how did you get to that mindset?
Well Iman, these people brought a lot of professional and educational expertise, that I dear say 99% of the so called Equity professionals that call companies up every day, simply don't have. They trained me to think of the stockholder in the micro cap markets as a dividend shareholder, the common stockholder perhaps lacked the long term vision because micro cap companies are typically paper plays for short term gain. but having said that, what was striking about Citadel EFT's transformation to now, was the INVESTOR CONFIDENCE and TRANSPARENCY that they preached with respect to specially the investors, for example on IHUB. Contrary to the industry professionals who often encouraged the marginalization of those shareholders, the TRUST encouraged open transparent dialogue, with a particular emphasis on retiring securities that were issued previously in the Company. We learned very quickly that any issuance that did not come with with a subscriber or a subscription was gratuitous.and so what this has actually done is to galvanize the common stockholders to support us in ways we never expected.
Gary, it was reported in your latest set of press releases, that you almost ready to make that leap up to the Exchange! Obviously the are some roadblocks there as it relates to your Market Capitalization and Price. The million dollar question, we have for you, how do you see this playing out?
Well Iman, you know that question is a bit of a forward leaning question, and I can't really answer that, they way you probably would like me to, but what I can say is, we believe that the 2 biggest impediments to uplisting on the Exchange was not Market Cap or price. I now know that if you are balance sheet driven person, then your Net Stockholder Equity and your Going Concern will be the most important priority. I really believe, beyond that, the Company needs to eliminate any dilution or the perception of dilution in its securities. We believe that our common shareholders need that opportunity to galvanize their efforts, and be free to do so without the overhang that many public companies simply create. I think we need to let the market play out, continue to build more value on the balance sheet and win over many of the short sellers in the market. We can't completely ignore the fact that short sellers play an important role in our capital markets, and we, Citadel, need to reach out to those people, and let our actions speak louder than our words. There is much more we need to do and much more we need to prove, and I believe we will do accomplish our objectives but we definitely have to build bridges with people. And that can only be done by eliminating waste wherever it rears it's ugly head and enhancing the current balance sheet every Quarter.
Gary, tell you what, this has been a great interview, and we are going to bring you back here in another 6 months, and I hope you are where you want to be! Clearly we are impressed that you took the interview, knowing that we typically look at micro cap issuers suspiciously. I am, cautiously optimistic about Citadel, because your balance sheet, and the changes you have made to your capital structure are second to none. I will make a bold prediction, right now……..I think Citadel EFT will do very well, and I think this interview will help to build bridges. I wish you success, Mr DeRoos, you are on your way!!! Thank you.
Thank you Iman, this was great and I look forward to being back soon.
Well, there it is everyone, that's the Scoop on Citadel EFT! I for one, like the guy and I think he is doing things that are not being done on the micro cap markets and it's working. And he is doing it without, schleps in the business that we all know to well. We will be watching Citadel EFT, the micros need a winner, and they just might have found one. Can't wait till the next edition, when we get back to pounding promoters. This was too nice!!!!
FULL DUE DILIGENCE : 'D' shares PR from CDFT
The CDFT RUBIX CUBE...
Convertible Preferred C & D Facts on CDFT:
(1) these are cumulative dividend based securities according to their Articles of Incorporation.
(2) these securities are all priced @ $2.50 per share
(3) they both convert at the par value of the public company.....00001 par
(4) the company is registering at least 1 share from every shareholder , based on proof
(5) the registration would encompass securities from both classes
(6) A registration statement is broad based, must be over 30 shareholders
(7) The company needs 400 shareholders who own 500,000 in the float to be AMEX company
(8) naturally our shares will be part of the 400 shareholders, as CDFT does not have enough
(9) both series of preferred stock are Anti Dilutive
(10) any further conversions of stock above and beyond the registration will require the occupant to hold the security for 6 months........extremely fair
FACTS:
According to the AMEX rules, CDFT must have 400 shareholders who own 500,000 shares or 800 shareholders who own 1,000,000 shares in order to meet their qualifications. Their are only a handful of professional advisors, management and other affiliates that own the C Preferred Securities which would likely be part of a registration statement as well. The company must register everyone's shares in the float to meet those obligations. Remember if they were to reverse the security, while they would still end up with the same amount of stockholders , the amount of shares each of us would own would not be enough to satisfy the requirements to up list. We are now on the launch pad, we can say that for certainty, because the issuance of these preferred shares to each of the investors is a requirement for them, if they intend to keep the integrity of the amount of shares each investor must actually hold. They have to register everyone's stock because in the case of a R/S or Acquisition , in either case, the registration creates new freely traded securities at the new price of $2.50 per share. These guys are absolutely brilliant. This is financial engineering at it's best, unequivocally brilliant.
To all the LONGS out there, they HAVE to register everyone's stock at the same time because according to the AMEX rules, they must have a broad based float that owns no less than 500,000 to 1,000,000 shares at $2.00 per share. Those are the rules. CDFT knows that if they either reversed the stock or were acquired, it would either lower the amount of shares we owned or create no trading public float in the latter. This my friends is the GOLDEN GOOSE, and it laid it egg on those who don't own any stock. This is brilliant and the DETAILS.......well here is one detail for those who think they actually have a choice in the matter:
(1) should CDFT be acquired by another company quoted @ $2.50 per share, all your common shares will be turned in for the new company, they will cease to trade, the company is forced to register 400 shareholders to stock to meet up list requirements.......so everyone does not own CDFT stock anymore.....it won't trade!!!!
(2) should CDFT R/S it's stock, all us longs who have sent our records in before May 13, 2013 will own anti dilutive convertible preferred stock, which the company has to register, because the R/S would wipe out everyone's cumulative holdings. They have to register a minimum of 500,000 shares from 400 shareholders to up list. We are part of that because there are only a handful of insiders and advisors. Those who don't participate are SOL because in the RS they don't have any preferred to protect them, won't have their securities registered and will likely see their investments eliminated.
So that leads us to this fact: THERE ARE NO OPTIONS HERE!! if you think not accepting the preferred is an option, in both instances, it's not, it's either you get them by default in the case of an acquisition, or you get them by having them sent to you for FREE, which could preclude a RS. Either way, CDFT 's advisors are pretty smart, and they know it, they know a RS would create an avalanche of pre selling, and we longs also know that if we sold it, we are likely to lose our money, so waiting till May 13th, which coincidentally is the drop dead date for retirement of Gary's common shares, is deft skill, they think the PPS is likely to go up and could go up knowing that everyone has until May 13th to show & tell. After the 23rd it's anyone's guess what happens, but either WE ARE ALL ALONG FOR THE RIDE, and I LIKE WHERE THIS RIDE IS GOING!!!!
This is real, real SKILL ladies and gentlemen. None of us here who owns our common right now will actually ending up owning the same stock when it's all said and done.....whether it's a RS or Acquisition. In either case, we will own something far more valuable, when the dust clears.....the AMEX rules demand it, to meet the distribution requirements. Our common shares we can sell them after May 13th...... they don't care if we do.....come on guys, wake up!!! They don't care because those shares don't count for anything as far as they are concerned. And you know what, they are right. Sure we can make a couple dollars selling them when and if the price goes up, but there is no BONANZA there. This is not LET'S MAKE A DEAL.....where you give up your common for something behind the curtain that could be worth less than what you have. We already know what's behind the curtain, you just have to connect the up list dots to know that they need the distribution requirements, because if they were acquired or reversed, they could meet every other requirement in a New York minute. They have to take us along for the ride, because it's clear, READ THE REQUIREMENTS:
(1) THEY NEED 400 shareholders or 800 who own 500,000 or 1,000,000 in the FLOAT!!!
This is BRILLIANT, it's not confusing in the least....Was the rubix cube confusing, or were the people attempting to figure it confused? And by the way a 14 year old showed us all how to figure it the rubix cube.
If anyone reads this post, and has not seen the light after my dissertation, LIGHTS OUT to them. I am thoroughly thoroughly pleased and after calling the company, I can say I figured out the rubix cube!!!
FULL CREDIT TO RIGGLER... LET HIM KNOW YOU APPRECIATE IT!!!
http://www.citadelbankcard.com
medical-marijuana-merchant-account.com
marijuana-credit-card-processing.com
Welcome to Citadel EFT INC.
Citadel EFT, Inc. credit-card-processing.com has been helping companies for over 20 years establish a merchant account for credit card processing. Citadel has no monthly fee and no minimums for our credit card service. As a merchant of ours, you can process credit cards like Visa, MasterCard, Discover, American Express, EBT, Checks and ATM Cards, Citadel ships your credit card machine, free of charge.
Gary DeRoos, President of CDFT stated, "The trend is clear, the medical marijuana industry generated over $1.5 billion in revenue nationwide last year, and is expected to grow to $9 billion by 2016, offering Citadel multiple oppertunities in a spectrum of transaction processing solutions using traditional, Internet point-of-sale, e-commerce, and mobile (wireless) terminals that are safe, legal and fully compliant with Federal and State Laws designed specifically for the legal marijuana industry. This will be the focus of our 2014 business plan along with Up-listing to the NYSE.
Phase Two
Citadel is aggressively pursuing potential acquisitions and opportunities as more states come on board this billion dollar Industry, which is estimated to double evey two years for the next ten. Gary Deroos stated "We think its important in this fast changing sector to be all in from the cultivation side all the way through to retail to Credit card processing".
The products that can be made from Marijuana and Hemp number over 25,000
Henry Ford experimented with hemp to build car bodies. He wanted to build and fuel cars from farm products.
BMW is experimenting with hemp materials in automobiles as part of an effort to make cars more recyclable.
Much of the bird seed sold in the US has hemp seed (it's sterilized before importation), the hulls of which contain about 25% protein.
Hemp oil once greased machines. Most paints, resins, shellacs, and varnishes used to be made out of linseed (from flax) and hemp oils.
Rudolph Diesel designed his engine to run on hemp oil.
Kimberly Clark (on the Fortune 500) has a mill in France which produces hemp paper preferred for bibles because it lasts a very long time and doesn't yellow.
Construction products such as medium density fiber board, oriented strand board, and even beams, studs and posts could be made out of hemp. Because of hemp's long fibers, the products will be stronger and/or lighter than those made from wood.
As you can see the investment opportunities with Marijuana and Hemp are endless. There is no better time to invest in this industry.
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Citadel EFT, Inc. ( CDFT ) Announces Registration With the SEC by July 31, 2013 for All of the Common Shareholders Who Have Been Issued the Anti Dilutive 'C' & 'D' Preferred Securities
OCEANSIDE, CA--(Marketwired - Apr 22, 2013) - Citadel EFT, Inc. ( OTCQB : CDFT ) CEO Gary DeRoos announces that Citadel EFT will be finally pursuing a registration statement for its shareholders who own the 'C' & 'D' Anti Dilutive Convertible Preferred Securities by July...
4/22/2013 11:54:18 AM
Citadel EFT, Inc. ( CDFT ) Announces Issuing Anti-Dilutive Convertible Preferred 'D' Securities to All Common Shareholders, Commencing May 23, 2013
OCEANSIDE, CA--(Marketwired - Apr 19, 2013) - Citadel EFT, Inc. ( OTCQB : CDFT ) CEO Gary DeRoos announces that ALL common shareholders as of record date May 13, 2013 will be issued Anti-Dilutive Convertible Preferred 'D' Securities by May 23, 2013. Gary DeRoo...
4/19/2013 9:00:00 AM
Citadel EFT, Inc. ( CDFT ) Announces That 117,000,000 Common Shares of Mr. DeRoos' Personal Holdings in CDFT Will Be Retired on May 13, 2013
OCEANSIDE, CA--(Marketwire - Mar 27, 2013) - Citadel EFT, Inc. ( OTCQB : CDFT ) CEO Gary DeRoos is pleased to announce that he will be retiring 117,000,000 of his 168,000,000 common securities effective May 13th, 2013. This is two days prior to when Citadel EFT is due to...
3/27/2013 9:49:15 AM
Citadel EFT, Inc. ( CDFT ) Providing Directors & Officers With Corporate Liability & Indemnification Insurance, a NYSE Alternext Exchange Listing Requirement
OCEANSIDE, CA--(Marketwire - Mar 18, 2013) - Citadel EFT, Inc. ( OTCQB : CDFT ) announces that the Company will be providing its Board of Directors with Corporate Liability & Indemnification Insurance, commonly referred to as D&O Insurance (D&O). Citadel EFT is growing i...
3/18/2013 9:00:00 AM
Citadel EFT, Inc. ( CDFT ) Completes Convertible 'C' Class Preferred Commitments, Completes Acquisition of the Villa in the Dominican Republic
OCEANSIDE, CA--(Marketwire - Mar 13, 2013) - Citadel EFT, Inc.'s ( OTCQB : CDFT ) CEO Gary DeRoos announces that Citadel EFT Inc. has completed on the Convertible 'C' Class Preferred Shares in order to execute closing of Villa 613 in the Dominican Republic . G...
3/13/2013 3:36:13 PM
Thursday, February 28, 2013
Citadel EFT, Inc. (CDFT) Retires 40,000,000 Series 'A' Preferred Shares, Exchanges All Professional Obligations for Equity, and Balance Sheet Improving From Q1 Marketwire ( (Thu, Feb 28)
Monday, February 25, 2013
Citadel EFT, Inc. (CDFT) to Provide Business Consulting Services to Micro Cap Issuers in Exchange for Convertible Preferred Stock Compensation Marketwire ( (Mon, Feb 25)
Citadel EFT, Inc.'s (CDFT) CEO Gary DeRoos Interviewed by Short Traders NanoCap Magazine Marketwire ( (Mon, Feb 25)
Friday, February 22, 2013
Citadel EFT, Inc. (CDFT) Nominates Common Stockholders Kevin Grogan and Eric Griesser to Its Advisory Board Marketwire ( (Fri, Feb 22)
Citadel EFT, Inc. (CDFT), Gary DeRoos Retires Into Treasury, 40,000,000 Series 'A' Preferred Non-Equity Shares Effective February 25, 2013 Marketwire ( (Fri, Feb 22)
Thursday, February 21, 2013
Citadel EFT, Inc. (CDFT), Provides Further Information on the Impending Retirement of CEO, Gary DeRoos' Common Stock Marketwire ( (Thu, Feb 21)
Wednesday, February 20, 2013
Citadel EFT, Inc. (CDFT) Announces CEO Gary DeRoos' Interview With Mr. Marek, of "The Stock Radio," Can Be Heard on www.thestockradio.com Marketwire ( (Wed, Feb 20)
Citadel EFT, Inc.'s (CDFT) CEO Gary DeRoos Announces His Intent to Retire 70% of His Common Shares of the Issued Capital, After Q2 Marketwire ( (Wed, Feb 20)
Tuesday, February 19, 2013
Private Investor's Lawsuit Amicably Resolved GlobeNewswire ( (Tue, Feb 19)
Private Investor Files Lawsuit Against Citadel EFT, Inc. GlobeNewswire ( (Tue, Feb 19)
Citadel EFT, Inc. (CDFT) CEO Gary DeRoos Announces $257,000 USD Appraisal on the Villa in the Dominican Republic Marketwire ( (Tue, Feb 19)
Citadel EFT, Inc.'s (CDFT) CEO Gary DeRoos Meeting With NYSE Aletrnext Directors a Success Marketwire ( (Tue, Feb 19)
Friday, February 15, 2013
Citadel EFT, Inc. (CDFT), CEO Gary DeRoos Announces That Citadel's FORM 10-Q Compiled by Malone & Bailey Is Available for Public Record and a Complete Copy of the Doty Scott Valuation Report Can Be Made http://ih.advfn.com/p.php?pid=news&symbol...TAvailable Upon Request From Citadel E Marketwire ( (Fri, Feb 15)
Articles and Links of Note:
Link to SeekingAlpha.com
Links to millertimemnm in Afghanistan posts #1 ... #2 w/CDFT Photo
Link to Doty Scott's Asset Evaluation
The Stock Radio with Gary DeRoos CEO of Citadel EFT
In The Bullseye : Is Citadel EFT, (OTCQB: CDFT) The Real Deal?
The latest increase in the stock price and Citadel EFT's consistent trading since the rise has given the micro cap investment community pause for reflection. Now while this editor and magazine does not endorse or recommend companies, as we typically take a very cynical approach to penny stock trading, Citadel EFT's success really seems to be a rare anomaly. Paid for promotion, insatiable delusion, and outrageous convertible debt in most, if not all, of these stinky pinkies and BB companies are plurally responsible for the demise of the market. The majority of these micro cap companies offer nothing to their shareholders, outside of the prospect of more hype and more false promises. I also realize, as a retail investor that market makers prey on all these subtleties, because they can count on the panic factor. Nobody really trusts the insiders or management for that matter. Lying has become second nature to many of these executives, and selling the nightmare while others are buying the dream has become status quo for micro caps. Nobody wants to be the only tree in the forest, because nobody hears it fall, and nobody wants to be the last investor holding a bag of broken dreams. That leads us to the narrative surrounding paid promoters and the execution issues selling those same securities when good money goes in to buy bad money. Why else do companies and their majority stock holders pay for promotion, unless it was to sell stock, which invariably these faudsters use to finance their company. When was the last time anyone saw a groundswell of excitement about a company, that was strictly organic, untainted by the paid newsletter sirens.
This takes us now to the pause for reflection moment when I was talking about Citadel EFT. We tried to get hold of Gary DeRoos, the CEO of Citadel, and found it impossible to reach him. We did speak to the gentleman handling their shareholder communications and the conversation lasted for at least two hours. The talk we had was one I have never had before with any company on the quotation service. He did not hustle me to buy stock, nor did he even talk about the stock price. We had done our own due diligence on the company, examined their filings, looked at their press releases and viewed the last Q, and there was nothing that we could see, that were negatives in the company, that they had not already addressed. He told me that the public company had made some major mistakes in how it understood the value of its securities, he said that those mistakes were a function of poor judgment and poor advice. He gave me every reason not to buy the stock, but when I saw the company's "bones" as I like to call it, and it's financial statements, the attraction was instant. I mean, who sees a debt free $3,000,000 company with $100,000 reoccurring net cash on the balance sheet every year. Now while those numbers are not breath taking for small cap companies, what is breath taking, is that not only did the CEO create a dividend for himself, he is prepared to share the wealth with the stock holders by giving them dividends. That is unheard of for micro cap companies, heck it is even unheard of for big board companies. Now, I don't know, if he will do it, but if the companies recent past has any baring on the future, we may actually see a FIRST on the BB.
I never get emotionally tied to an issuer, because I have seen so many of them with the best of intentions, fall prey to themselves, their own greed, and yes, the people pulling the strings behind them. I can't say, for certain, who has Gary DeRoos' ear, but I can say, keep up the good work. It seems that the real value of this company, based on its current financial statements, as opposed to fictitious hype, is yet to be explored. It also explains the groundswell of support coming from the often dodgy retail micro cap speculator. I don't use that term pejoratively, as I, on occasion, play the slots, the ponies, and micro caps, for the quick hit. I must admit, I never thought I would see the day, where I thought I would buy a micro cap stock directly from the public company and hold. This is one of those very rare moments indeed. I am not recommending anyone buy this stock, as it's my own personal decision that arrived at buying directly from the company hoping to see those dividends they talk about, but I am recommending that everyone who wants to buy a stock, start using this company, perhaps as a standard bearer. I am still pinching myself, a company with a growing small business, no debt, assets of $3,000,000 no issuance resolutions to release stock into the float, talking shareholder dividends and senior exchange. And to top it all off, admitting the previous mistakes and aggressively fixing those same mistakes. Again, I don't know if Citadel EFT can do everything that it says it wants to, but if this is how they want to go about it, AMEN. After all we are in the risk business, we just need to take more calculated risks, and Citadel EFT gets my vote. If they succeed, they will raise the bar for other issuers, and I have a sneaking suspicion that the best is yet to come out of Citadel ETF. To our readers out there do your DD, ask questions until it hurts, and do not part with your money until it is in the filings, otherwise it is going on BLACK or RED. Sometimes the odds at the casino, are better than the penny markets. Good hunting to all!!!!!!
CDFT : The Scoop on Citadel EFT!
February 25, 2013
Citadel EFT is a small micro cap company that trades on the over the counter quality board and has been making waves for all the right reasons. We are not here to talk about their stock price, which by all appearances, seems to have completely caught even the newsletter schleps by surprise. What we have found interesting about this issuer, however is not the stock price. We all know that the paid for promo ambulance chasers typically alert the unsuspecting micro cap penny investors with the dead or companies that should be terminated. There is a laundry list of companies, whose sole claim to fame, outside of the pump and dump, that put them on the radar, is their DEBT, DILUTION, and miserable CAPITAL STRUCTURE. But I think we may have found the needle in the haystack. I had the opportunity to interview Citadel EFT's CEO, Gary DeRoos and here is the Scoop from our interview.
Mr DeRoos, it is pleasure to sit down and talk with you. I guess you know we are not in the habit of interviewing micro cap companies, in most cases we think most of them are paper plays that will never amount to anything, other than personal piggy banks for the insiders or the nominees representing them. We took a shining to your company, for a couple of reasons. We looked at your balance sheet, which is where all due diligence should start, and we were surprised to see a company that had no debt, not even affiliate debt…..As you know that's where the dilution typically starts and where the paid promo ends. I don't want to be cliche and ask you what you do, because our audience are primarily the short sellers in the market, who see the fraud and mismanagement in so many of these issuers, and they know your business well. So I won't ask you to describe what you do, but I do want to know, how Citadel lasted this long, being a novelty item on the Quality Board?
Hi Iman, thanks for even finding us, we are not very well known outside of our core group of savvy investors that follow us every day. I guess, it's because we are a 20 year old company, that has been concentrating on making money, and we have been pretty good at it, and never needed debt to finance any of our operations. However up until September of 2012, we were spending more money to remain public than it was worth, because we were not raising money either. But we soldiered on, because we knew somebody eventually would take notice. As far as your audience is concerned, I have a healthy respect for short traders in the market. I understand they serve an important function in our market, but we just want the opportunity to prove we are different.
Gary, you mentioned, September 2012? What was the company doing and why was that a watershed moment for you?
Well, Iman, Citadel EFT, prior to September last year was still a thriving business, with a albatross around it's neck, called CDFT! The public company experience was not enjoyable, my personal expectations of what we could be were not being met, and everything seemed to be an unnecessary cash grab on the business. We did the dog and pony shows, we went to the micro cap conferences, sat down with traditional IR firms, and the more we felt we could be making progress, the more we realized that nothing was performance based, you had to pay to play ! I made some poor judgement decisions that cost the public company a significant amount of equity and I really did not understand how structuring a public company for success was as important as the success we wanted to achieve! My business was profitable, small, but growing and I did not fully understand how we could use the public company to its full advantage, for the benefit of all stockholders.
Gary you mentioned that the big change took place in September? Why the glowing smiles now, and when I look at your balance sheet……..wow, I mean, wow…what a remarkable change in the numbers, the direction of the company, and the tone of your press releases!!! I mean the first thing that got my attention was the balance sheet, the filings, the amount of material event changes reported by the company in it's news and the tone and language being used in the press releases! Can u shed some light on what happened here, I have got to presume, there is a lot of power and wisdom here, you have behind the throne.
Iman, I do not even know where to start…..September last year was certainly like being reborn. We were approached by an Investor Group, who were themselves active Big Board Short Traders, and their business model was solely built on corporate restructuring, asset management and wealth management. They had a completely contrarian view of paid for promotion. It's kind of weird that I am sitting down with you, and discussing it this way, because even today, I can't believe the remarkable difference in the public company, CDFT, and now how it works for Citadel EFT and it's shareholders. I mean as I look back at the improvements, it's absolutely amazing!
Gary, let me get this straight, did u just say that you met a group that were, or are Big Board Short Traders that showed you the way??
Yes, they were very clear in telling me that micro cap short traders were a different breed, but were most often justified in betting against these companies. They said that companies with debt, dilution and a lack of cohesive investor confidence, would be the undoing of all these paid for promo efforts, and most of the companies deserved their fate.
I will name the group, I don't think they would mind. They called themselves THE SYNDICATE TRUST, and often referred to themselves as the Coalition of the Willing or the League of Extraordinary Men & Women.
What was their first order of business, and how did they change the company?
Iman, they structured our Convertible Preferred Designations, wrote the rights and privileges of those instruments, and created the documents we need to attract equity. It was incredible easy actually, and what stunned me, was what happened next. The TRUST, as they like to refer to themselves, went out and located assets that the public company purchased, through an asset purchase agreement, those were the sports and entertainment memorabilia collection we bought from Art to Go. The due diligence process in purchasing those assets was rigorous. We had an independent third party appraisal, we had the proper agreements to buy the asset and we used the right designation of preferred to secure completion of the equity. It was all so fast, but yet so well done that I was still left shaking my head, that we had scored the coup of CDFT's lifetime. They told me that the public company, should never be defined, exclusively, by the company's business interests. They said that the real value of the public company, was in it's ability to create it's own commercial paper, and use that paper to secure value on the balance sheet. They were only interested in enhancing Net StockHolders Equity and less interested in the revenues I was generating. They were all about the balance sheet, they did not care about the stock at that point. The dialogue we had with our auditors and the extra care we took with our due diligence review, in hiring DOTY SCOTT ENTERPRISES, to evaluate the assets to SEC standard was something quite foreign to me, but they reminded me that erring on the side of caution and having that review done, was an important and necessary firewall against overestimating what we had. Nonetheless, the process was an eye opener.
Gary, this sounds like the DREAM TEAM here, but it appears it's paid dividends…….excuse the pun!! The company has already paid dividends to you and now it's getting ready to offer cash dividends to the Preferred Stockholders, how did you get to that mindset?
Well Iman, these people brought a lot of professional and educational expertise, that I dear say 99% of the so called Equity professionals that call companies up every day, simply don't have. They trained me to think of the stockholder in the micro cap markets as a dividend shareholder, the common stockholder perhaps lacked the long term vision because micro cap companies are typically paper plays for short term gain. but having said that, what was striking about Citadel EFT's transformation to now, was the INVESTOR CONFIDENCE and TRANSPARENCY that they preached with respect to specially the investors, for example on IHUB. Contrary to the industry professionals who often encouraged the marginalization of those shareholders, the TRUST encouraged open transparent dialogue, with a particular emphasis on retiring securities that were issued previously in the Company. We learned very quickly that any issuance that did not come with with a subscriber or a subscription was gratuitous.and so what this has actually done is to galvanize the common stockholders to support us in ways we never expected.
Gary, it was reported in your latest set of press releases, that you almost ready to make that leap up to the Exchange! Obviously the are some roadblocks there as it relates to your Market Capitalization and Price. The million dollar question, we have for you, how do you see this playing out?
Well Iman, you know that question is a bit of a forward leaning question, and I can't really answer that, they way you probably would like me to, but what I can say is, we believe that the 2 biggest impediments to uplisting on the Exchange was not Market Cap or price. I now know that if you are balance sheet driven person, then your Net Stockholder Equity and your Going Concern will be the most important priority. I really believe, beyond that, the Company needs to eliminate any dilution or the perception of dilution in its securities. We believe that our common shareholders need that opportunity to galvanize their efforts, and be free to do so without the overhang that many public companies simply create. I think we need to let the market play out, continue to build more value on the balance sheet and win over many of the short sellers in the market. We can't completely ignore the fact that short sellers play an important role in our capital markets, and we, Citadel, need to reach out to those people, and let our actions speak louder than our words. There is much more we need to do and much more we need to prove, and I believe we will do accomplish our objectives but we definitely have to build bridges with people. And that can only be done by eliminating waste wherever it rears it's ugly head and enhancing the current balance sheet every Quarter.
Gary, tell you what, this has been a great interview, and we are going to bring you back here in another 6 months, and I hope you are where you want to be! Clearly we are impressed that you took the interview, knowing that we typically look at micro cap issuers suspiciously. I am, cautiously optimistic about Citadel, because your balance sheet, and the changes you have made to your capital structure are second to none. I will make a bold prediction, right now……..I think Citadel EFT will do very well, and I think this interview will help to build bridges. I wish you success, Mr DeRoos, you are on your way!!! Thank you.
Thank you Iman, this was great and I look forward to being back soon.
Well, there it is everyone, that's the Scoop on Citadel EFT! I for one, like the guy and I think he is doing things that are not being done on the micro cap markets and it's working. And he is doing it without, schleps in the business that we all know to well. We will be watching Citadel EFT, the micros need a winner, and they just might have found one. Can't wait till the next edition, when we get back to pounding promoters. This was too nice!!!!
FULL DUE DILIGENCE : 'D' shares PR from CDFT
The CDFT RUBIX CUBE...
Convertible Preferred C & D Facts on CDFT:
(1) these are cumulative dividend based securities according to their Articles of Incorporation.
(2) these securities are all priced @ $2.50 per share
(3) they both convert at the par value of the public company.....00001 par
(4) the company is registering at least 1 share from every shareholder , based on proof
(5) the registration would encompass securities from both classes
(6) A registration statement is broad based, must be over 30 shareholders
(7) The company needs 400 shareholders who own 500,000 in the float to be AMEX company
(8) naturally our shares will be part of the 400 shareholders, as CDFT does not have enough
(9) both series of preferred stock are Anti Dilutive
(10) any further conversions of stock above and beyond the registration will require the occupant to hold the security for 6 months........extremely fair
FACTS:
According to the AMEX rules, CDFT must have 400 shareholders who own 500,000 shares or 800 shareholders who own 1,000,000 shares in order to meet their qualifications. Their are only a handful of professional advisors, management and other affiliates that own the C Preferred Securities which would likely be part of a registration statement as well. The company must register everyone's shares in the float to meet those obligations. Remember if they were to reverse the security, while they would still end up with the same amount of stockholders , the amount of shares each of us would own would not be enough to satisfy the requirements to up list. We are now on the launch pad, we can say that for certainty, because the issuance of these preferred shares to each of the investors is a requirement for them, if they intend to keep the integrity of the amount of shares each investor must actually hold. They have to register everyone's stock because in the case of a R/S or Acquisition , in either case, the registration creates new freely traded securities at the new price of $2.50 per share. These guys are absolutely brilliant. This is financial engineering at it's best, unequivocally brilliant.
To all the LONGS out there, they HAVE to register everyone's stock at the same time because according to the AMEX rules, they must have a broad based float that owns no less than 500,000 to 1,000,000 shares at $2.00 per share. Those are the rules. CDFT knows that if they either reversed the stock or were acquired, it would either lower the amount of shares we owned or create no trading public float in the latter. This my friends is the GOLDEN GOOSE, and it laid it egg on those who don't own any stock. This is brilliant and the DETAILS.......well here is one detail for those who think they actually have a choice in the matter:
(1) should CDFT be acquired by another company quoted @ $2.50 per share, all your common shares will be turned in for the new company, they will cease to trade, the company is forced to register 400 shareholders to stock to meet up list requirements.......so everyone does not own CDFT stock anymore.....it won't trade!!!!
(2) should CDFT R/S it's stock, all us longs who have sent our records in before May 13, 2013 will own anti dilutive convertible preferred stock, which the company has to register, because the R/S would wipe out everyone's cumulative holdings. They have to register a minimum of 500,000 shares from 400 shareholders to up list. We are part of that because there are only a handful of insiders and advisors. Those who don't participate are SOL because in the RS they don't have any preferred to protect them, won't have their securities registered and will likely see their investments eliminated.
So that leads us to this fact: THERE ARE NO OPTIONS HERE!! if you think not accepting the preferred is an option, in both instances, it's not, it's either you get them by default in the case of an acquisition, or you get them by having them sent to you for FREE, which could preclude a RS. Either way, CDFT 's advisors are pretty smart, and they know it, they know a RS would create an avalanche of pre selling, and we longs also know that if we sold it, we are likely to lose our money, so waiting till May 13th, which coincidentally is the drop dead date for retirement of Gary's common shares, is deft skill, they think the PPS is likely to go up and could go up knowing that everyone has until May 13th to show & tell. After the 23rd it's anyone's guess what happens, but either WE ARE ALL ALONG FOR THE RIDE, and I LIKE WHERE THIS RIDE IS GOING!!!!
This is real, real SKILL ladies and gentlemen. None of us here who owns our common right now will actually ending up owning the same stock when it's all said and done.....whether it's a RS or Acquisition. In either case, we will own something far more valuable, when the dust clears.....the AMEX rules demand it, to meet the distribution requirements. Our common shares we can sell them after May 13th...... they don't care if we do.....come on guys, wake up!!! They don't care because those shares don't count for anything as far as they are concerned. And you know what, they are right. Sure we can make a couple dollars selling them when and if the price goes up, but there is no BONANZA there. This is not LET'S MAKE A DEAL.....where you give up your common for something behind the curtain that could be worth less than what you have. We already know what's behind the curtain, you just have to connect the up list dots to know that they need the distribution requirements, because if they were acquired or reversed, they could meet every other requirement in a New York minute. They have to take us along for the ride, because it's clear, READ THE REQUIREMENTS:
(1) THEY NEED 400 shareholders or 800 who own 500,000 or 1,000,000 in the FLOAT!!!
This is BRILLIANT, it's not confusing in the least....Was the rubix cube confusing, or were the people attempting to figure it confused? And by the way a 14 year old showed us all how to figure it the rubix cube.
If anyone reads this post, and has not seen the light after my dissertation, LIGHTS OUT to them. I am thoroughly thoroughly pleased and after calling the company, I can say I figured out the rubix cube!!!
FULL CREDIT TO RIGGLER... LET HIM KNOW YOU APPRECIATE IT!!!
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