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It's Time to Step Aside From CCTL and PLFM, Mr. Schaefer
Initially Posted: July 20, 2018 6:10 a.m. PDT   Last Updated: August 6, 2018 7:20 a.m. PDT

August 6, 2018 Update: On August 2, 2018, OTC Markets Group informed Bill Schaefer that his access to the OTCIQ filing portal has been terminated and that applications for access by him or companies associated with him no longer be accepted.


In my capacity as a whistleblower in the OTC Markets, I have come across many players posing as management across many tickers. Invariably, these tickers suffer similar fates, i.e. run ups, usually the result of pump and dump campaigns and then dormancy, once the campaign exhausts itself, having relieved shareholders of their value.

One such repeat player is Bill Schaefer. Mr. Schaefer has been attached to countless tickers including PAPT, GRDO, SNXG, CCTL, PLFM, ABVG and several others. Currently, it appears that SNTX, another ticker with Schaefer connections, is getting ready for yet another fleecing of pending shareholders.

I say enough is enough, Mr. Schaefer.

On June 26th, I sent two letters to Mr. Schaefer and his counsel of choice, Vic Devlaeminck, informing them of my intent to file litigation seeking to have the Board of Directors of Coin Citadel (CCTL) and Platforms Wireless (PLFM) with my slates. Understand that I have no desire to run these companies, but will be available to advise them should the new Boards be interested in my services.

Below is a copy of the letter regarding CCTL. The PLFM letter is almost an exact duplicate.

I am especially interested in auditing CCTL, because I would like to know what happened to all of the Bitcoins that were reported as assets at one time.

Mr. Schaefer called me soon after receiving the letters, and tried to reassure me that he was acting in the best interests of the shareholders. He also tried to convince me that PLFM, now renamed Body Basics, Inc. with the Nevada Secretary of State had new management. At the time, the Nevada Secretary of State's website continued to list Bill Schaefer as the sole officer and director. Since then, the corporate filings have been updated to reflect new officers and directors, so Mr. Schaefer may be correct, however the financials are still woefully delinquent, which is most definitely NOT in the best interests of the shareholders.

Mr. Devlaeminck responded to me with his own letters, which appear below as well as my responses to him.

Exchanges regarding CCTL

Exchanges regarding PLFM

Note that Mr. Devlaeminck states PLFM as "currently in the midst of a major corporate action with FINRA".  This to me, strongly suggests that Mr. Schaefer has filed or is about to file for a reverse split, effectively wiping out the shareholders.  Mr. Schaefer also alluded to a coming reverse split in his telephone conversation with me.

I expect to have court documents ready in the next couple of weeks, In the meantime, I suggest that shareholders pressure Messers. Schaefer and Devlaeminck to either surrender the companies to my slate of Board members or reinstate (Coin Citadel) and file updated financials for both companies forthwith.  Mr. Schaefer can be reached at 562-243-7643.

~ George

Disclaimer: As of the writing of this blog post, I own shares of Coin Citadel (CCTL) and Platforms Wireless (PLFM). I reserve the right to buy or sell shares without further notice. I have not been compensated for this post in any way and the company was not aware that I was writing this blog post.  This investment carries a very high risk and I am prepared to lose all of my money, provided that the company is acting in a truthful manner with the goal of benefiting the shareholders.