Forward-Looking Statement: Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
New management is posting 2015 and 2016 un-audited financial disclosures obtained from prior management in order to update share holders. This is being done here until the time that new management can bring the company current.
Moving forward this info will be available on OTCIQ and by filing periodic reports and other materials with the SEC. The SEC makes these documents publicly available without charge on its EDGAR website. The filed documents are subject to review by SEC staff for compliance with federal securities laws.
We will disclose 2017 and 2018 financials as soon as they are received.
This is being done as new management wants to be fully transparent with shareholders as to the financial situation of Coin Citadel.
Specifically related to the widely speculated Bitcoin holding of Coin Citadel as reported by previous CEO James Pulver 2015 and other potential deals to acquire more Bitcoin as reported by another previous CEO Bill Schaefer 2016 - 2018
To date new management has not been able to verify any cold wallet, hot wallet, or open account on any currently operating online digital currency exchange, holding any Bitcoin owned or otherwise controlled by Coin Citadel from the previously deals in 2014, 2015, 2016 and 2017. These purported holding are also not reflected in any of the below financials.
New management will do its best to find any dormant Bitcoin address or Private Keys to any lost Bitcoin if their existence can be validated. We will also work on obtaining any Bitcoin due to the company from any previous stock deals arranged by the former CEO's if payment was rendered and verified Bitcoin addresses and private keys were not received.
This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of the Company’s credit facilities or any of the Company’s securities, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, the facilities or any of the Company’s securities in any jurisdiction. Neither this presentation nor anything in it shall form the basis of any contract or commitment. This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.
The Company has prepared this presentation based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. These projections should not be considered a comprehensive representation of the Company’s cash generation performance.
The financial information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes. This financial information has not been adjusted to reflect the outcome of any reorganization of the company’s capital structure, the resolution or impairment of any pre‐petition obligations, and does not reflect fresh start accounting which the company may be required to adopt.
All forward–looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this document, and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document. The financial projections are preliminary and subject to change; the Company undertakes no obligation to update or revise these forward–looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Inevitably, some assumptions will not materialize, and unanticipated events and circumstances may affect the ultimate financial results. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved may vary significantly from the forecasts, and the variations may be material.
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