Citadel EFT, Inc. (CDFT) Provides Instructions to Shareholders Holding Restricted Rule 144 Shares
December 03 2013 - 3:00PM
Marketwired
Citadel EFT, Inc. (CDFT) Provides Instructions to Shareholders
Holding Restricted Rule 144 Shares
OCEANSIDE, CA--(Marketwired - Dec 3, 2013) - Citadel EFT, Inc.
(OTCQB: CDFT) provides detailed instructions for those shareholders
in possession of restricted certificates.
Shareholders who converted their Preferred 'C' and 'D' shares to
CDFT's Class 'A' common shares in June 2013 are soon to be
eligible, after hold the restricted common shares, to have the
restriction removed for full free tradability. Under US SEC
Rule-144, the holder of restricted shares can petition for
restricted legend removal after a 6-month holding period.
As holders of these restricted certificates, shareholders must
have held these certificates at least 6 months from the published
date on the front of the certificate. Next, you will need to
obtain a 'Legal Opinion Letter' from legal counsel of the company,
or any SEC authorized legal counsel. Thirdly, you will need to fill
out the Seller's Representation Letter available at
http://www.goodrate.net/islandguide.pdf and/or
http://www.goodrate.net/shareholderrep.docx. Lastly, a check
payable to Citadel EFT, Inc. for $500.00 is needed to effectuate
this conversion from restricted shares to clean freely traded
certificate.
Make copies of all your paperwork; send the originals and your
$500.00 check to: Citadel EFT, Inc. 825 College Blvd, Ste. 102-328
Oceanside, CA 92057
Since CDFT is a fully reporting OTCQB listed company, make sure
your brokerage firm will accept CDFT's certificates. Shareholders
may want to look into Wilson-Davis in UT or Scottsdale Capital in
AZ as reference brokers who take deposits of OTCQB listed Company
shares.
Do not contact the transfer agent. If you do, they will refer
you back to CDFT.
In conclusion, send:
1. A check made payable to Citadel EFT Inc. in the amount
of $500 2. Your signed sellers representation letter
3. Your original stock certificate 4. Your mailing
instructions (no P.O. boxes-your certificate will be overnight via
FedEx)
Management appreciates its shareholders support and as soon as
possible the Company will return these legend free certificates
back to all shareholders who follow the aforementioned
instructions.
FORWARD-LOOKING STATEMENT
CDFT cautions that statements made in this press release
constitute forward-looking statements, and not guarantees of future
performance, and actual results or developments may differ
materially from projections in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of
management at the time the statements are made.
Contact: Gary DeRoos 714-423-0701
http://www.credit-card-processing.com
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