Replies to post #13633 on Citadel EFT Inc (fka CDFT)

[Croireavenir]

Yeah I don't like that typo either. They blamed it on the Edgar Rep and said they were looking at getting a new one.

Maybe someone should bring this up to them, as an amendment might be needed? Also noticed New York was spelled Neew York. management is also misspelled as managemnent. I have noticed other typos on other 8ks.

If getting a new Edgar Rep is what has to be done, I'd like to see the company PR that.

But notice that the Preferred can not be converted without registering the shares with the SEC first, so dilution rumor is bogus. Jay moving his Preferred Shares overseas to short the Common Stock is bogus!

Form 8-K for CITADEL EFT, INC.
31-Oct-2012
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Security

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 24, 2012, Citadel EFT, Inc., a Nevada corporation (the "Company") entered into an asset purchase agreement effective October 24, 2012 (the "Agreement") with Art to Go, Inc., a New York corporation ("ATG"). In accordance with the terms and provisions of the Agreement: (i) ATG sold all of its right, title and interest in and to that certain asset consisitng, of the formula and liquid product which is utilized in the acquisition, recovery, processing and refinement of heavy oil within the energy management and oil industry, including the production, sale, use and managemnent of such product (the "Asset"); and
(ii) the Company shall issue to ATG 2,800,000 shares of its Preferred Series C stock ATG.



ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
Series C Preferred Stock

Issuance to ATG. Effective October 24, 2012, the Board of Directors of the Company authorized the issuance of an aggregate 2,800,000 shares of Series C preferred stock to ATG in accordance with the terms and provisions of the Agreement. The 2,800,000 shares of Series C preferred stock were issued to ATG at a per share price of $0.00001. The shares of Series C preferred stock was issued to ATG as a United States resident in reliance on Section 4(2) promulgated under the United States Securities Act of 1933, as amended (the "Securities Act"). Neither the shares of Series C preferred stock nor the underlying common stock have been registered under the Securities Act or under any state securities laws and may not be offered or sold without registration with the United States Securities and Exchange Commission or an applicable exemption from the registration requirements. ATG acknowledged that the securities to be issued have not been registered under the Securities Act, that it understood the economic risk of an investment in the securities, and that it had the opportunity to ask questions of and receive answers from the Corporation's management concerning any and all matters related to acquisition of the securities.