Removal of CE
A Form 211 was completed in fall of 2022, but not filed as of yet with a Market Maker as of 2025.
Even thought OTCIQ regulations state the review is supposedly free, Coin Citadel has yet to find a MM willing to review it, and or, that doesn't charge an additional advisory fees upwards of $20K for said review.
Nevada State
Annual List and taxes for COIN CITADEL has been successfully processed by the Nevada Secretary of State on 05/31/2025.
Total:$2613.75
Please email ir@coincitadel.net
Coin Citadel - CCTL has had a CE symbol placed on its stock by OTC Markets for 4 years now, restricting trading for US markets
This despite filing over 3 years of timely quarterly reports, year end fins, and attorney letters. CCTL was pink current.
CE
This came about from the extreme stock price run in Feb 2021 (BTC all time high $67K) and some external and internal factors.
Internal Factors
Historical financials filed by the old CEO Bill Schaefer, showed a Bitcoin buy back in 2016. This BTC deal was fully documented in the financial reports, but holdings were never recorded on the balance sheet as an asset. BTC buy was in company accounting notes.
Prior to 2023 public companies holding such assets often accounted for them as indefinite-lived intangible assets under general rules for intellectual property or similar assets.
All reference to the BTC buy have since been deleted from the financial reports filed since Q3 2021, as no private keys for any remaining BTC holdings could be verified.
External Factors
Fortune Magazine published an article in January 2021 with a list of 10 public companies with Bitcoin on their balance sheet, including Coin Citadel. Fortune magazine never verified the validity of said Bitcoin treasury and never contacted CCTL.
OTC Markets said CCTL was misleading investors, when in fact this report was from an external source.
Forbes magazine was also doing an article on public companies with Bitcoin Treasuries, and did reach out to CCTL about our holdings. Coin Citadel could not, and did not, verify Bitcoin treasury existence without addresses and private keys as proof.
The mining division of Coin Citadel (Coin Citadel Mining) was started in January 2018 in Plattsburgh NY.
Plattsburgh has some of the cheapest electricity rates in the USA at 0.025 cents.
Once famous for its 18 month ban on Bitcoin mining, the ban has now been lifted.
2025 - Mining update
Coin Citadel has a very small mining operation with 1 Petahash of BTC mining hash rate. Current hardware includes - Bitmain S19's and Bitmain S21 Hydro miners. Our miners are hosted by Zafra in Plattsburgh NY.
CCTL also currently mines Zcash and numerous other tokens, when profitable.
Coin Citadel also runs numerous funded nodes for other blockchains, as an additional stream of income / investment.
From: BFarmer <bafarmer@protonmail.com>
Subject: Coin Citadel $6 Million Purchase
Date: January 17, 2021 at 3:42:19 PM EST
To: Investors <investors@2crsi.com>
Reply-To: BFarmer <bafarmer@protonmail.com>
I am curious about the Coin Citadel purchase. CCTL filed a Form 15 and went dark in 2008 and haven't filed any financial information on the OTC Markets since 2015.
CCTL has been a pumped and dumped many times and I believe they are using your company to do another pump and dump.
Coin Citadel doesn't have $6 million and doesn't have access to $6 million.
They are on the precipice of being suspended by the SEC and wanted to alert you that the SEC might be questioning the deal.
Bob Farmer
From: BFarmer <bafarmer@protonmail.com>
Subject: Coin Citadel $6 million Payment
Date: January 24, 2021 at 4:31:36 PM EST
To: Investors <investors@2crsi.com>
Reply-To: BFarmer <bafarmer@protonmail.com>
Has Coin Citadel paid the $6 million to purchase the Bitcoin mining equipment that 2CRSI is supposed to be delivered by the end of January.
Or is 2CRSI part of the pump and dump - if you read the CCTL balance sheet your company would know that CCTL doesn't have $6 million and doesn't have access to Capital.
I will be sending a report to the SEC and Justice Department of the fraud committed against unsophisticated shareholders.
I suggest you retract the false and misleading or fraudulent press release issued by your company.
IG
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