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EXCEL - IDEA: XBRL DOCUMENT - Citadel EFT, Inc.Financial_Report.xls
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EX-32.1 - CERTIFICATION - Citadel EFT, Inc.ex321.htm
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v2.4.0.6
SUBSEQUENT EVENTS
12 Months Ended
Sep. 30, 2012
SUBSEQUENT EVENTS [Abstract]  
SUBSEQUENT EVENTS

NOTE 4. SUBSEQUENT EVENTS

 

On September 27, 2012, Citadel entered into an initial asset purchase agreement with Art to Go, Inc., a New York Corporation for the purchase of various sports memorabilia. In exchange for the assets, Citadel agreed to issue 1,200,000 Series C preferred stock. On October 24, 2012, Citadel entered into a final asset purchase agreement with Art to Go, Inc. for the same assets and which was finalized on October 24, 2012. Additional consideration of 2,800,000 Series C preferred stock. A total of 4,000,000 Series C stock was issued in November 2012 as consideration. Citadel is obtaining an independent valuation of the assets purchased.

In November 2012, Citadel issued 1 share of Series B preferred stock to Mr. Gary DeRoos.

In November 2012, Citadel issued 40,000,000 shares of Series C preferred stock to Mr. Gary DeRoos.

In November 2012, Citadel issued 400,000 shares of Series C preferred stock to various consultants.

In November 2012, Citadel issued an additional 10,500,000 shares of comons stock to Mr. Kenneth Radliffe under his consulting agreement.