Citadel EFT, Inc. (PINK:CDFT) had yesterday the next zero session in row, closing the market with zero change in the price and zero trading volume. The upcoming session might be different, however, as the stock got promoted again and so far it has traded only in the days surrounding its first stock promotion, namely in the middle of August. 
Back in August, CDFT stock traded at or even above $0.20 per share, but as of yesterday very little is left from that value. The last known closing price is $0.07, while the last known session in which CDFT got any trading activity at all is the one on August 26, 2011. Yesterday evening, however, we received a new promotional e-mail on CDFT, and there is even news from yesterday for the promoters to distribute.
Citadel EFT, Inc. said in a press release in the yearly afternoon that it had purchased a 50% stake in a website offering people the opportunity to buy or sell used Austin Healey and MG parts and cars named Bugeyeparts.com. Unfortunately, it looks like by now only CDFT visited http://www.bugeyeparts.com as the website does not even get in the rankings. The purchase price that paid – 100,000 shares of CDFT common stock – gives also an idea about the value of that investment.
Some traders may think it is at least more valuable than the $5,000 compensation which CDFT paid itself for its own promotion yesterday. A glance at the company’s SEC filing suggest the opposite, however.
At the end of August this year, CDFT issued 100,000,000 restricted shares of its common stock to its President and CEO Gary DeRoos at a purchase price of $0.00001 for a share. Later, Gary DeRoos received also 51,000,000 shares of CDFT Preferred stock, issued at the same price per share and convertible into the same number of common shares. Thus, currently CDFT President and CEO appears to be also its major shareholder as the number of the company’s outstanding shares of common stock is now 186,154,254.
