Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
Coin Citadel
A Nevada Corporation _______________________________ 212 292-7460https://coincitadel.netir@coincitadel.netSIC Code: 7374
Annual Report For the Period Ending:
December 31, 2019
As of | 1, 2019, the number of shares outstanding of our Common Stock was: 3,734 |
3,734,825,308
As of, September 30, 2019, the number of shares outstanding of our Common Stock was: 3,734,825,308
As of, December 31, 2019, the number of shares outstanding of our Common Stock was : 3,734.825,308
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):
Yes: ☐
No: ☒
Indicate by check mark whether the company's shell status has changed since the previous reporting period:Yes: ☐
No: ☒
Indicate by check mark whether a Change in Control5 of the company has occurred over this reporting period:
Yes: ☐x No:
5 "Change in Control" shall mean any events resulting in:
(i) Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company' s then outstanding voting securities;
(ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
(iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
(iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.
OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3 February 2021)
1)Name and address(es) of the issuer and its predecessors (if any)
The exact name of the Company is Coin Citadel.
The Company was originally incorporated in Nevada in May, 1986 as Fertility Advancements, Inc.
In December, 1990, the Company changed its name to Eubix Technologies, Inc.
In June, 1999, he Company changed its name to Nettel, Inc.
In October, 1999, the Company changed its name to One Touch Total Communications.
In March, 2006, the Company changed its name to Carbon Jungle, Inc.
In January, 2013, the Company changed its name to Global New Energy Industries, Inc.
In November, 2014, the Company changed its name to Coin Citadel.
The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):
Coin Citadel - Nevada - Active
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:
N/A
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:
N/A
The address(es) of the issuer's principal executive office:
401 Ryland Street, Reno, Nevada 89502
The address(es) of the issuer's principal place of business:
Check box if principal executive office and principal place of business are the same address: ☐
146 Power Dam Way, Plattsburgh, NY 12901
Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?
Yes: ☐
No: ☒
If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:
N/A
2)Security Information
Trading symbol: | CCTL |
Exact title and class of securities outstanding: | Common Stock |
CUSIP: | 192589109 |
Par or stated value: | 0.001 |
Total shares authorized: | 3,789,986,018 as of date:Dec 31, 2019 |
Total shares outstanding: | 3,734,825,308 as of date:Dec 31, 2019 |
OTC Markets Group Inc. | |
OTC Pink Basic Disclosure Guidelines (v3 February 2021) |
Number of shares in the Public Float6: Total number of shareholders of record:
3,423,607,710 as of date:Dec 31, 2019 1,240 as of date:Dec 31, 2019
All additional class(es) of publicly traded securities (if any): None
Transfer Agent
Name: | Madison Stock Transfer Inc. |
Phone: | 718-627-4453 |
Email: | info@madisonstocktransfer.com |
Address: | 2500 Coney Island Ave, Sub Level, Brooklyn, NY 11223 |
Is the Transfer Agent registered under the Exchange Act?7 Yes: ☒
No: ☐
3)Issuance History
The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.
Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.
A. Changes to the Number of Outstanding Shares
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☐
Shares Outstanding as of Second Most Recent Fiscal Year End: Opening Balance Date December 31, 2017 Common: 3,734,825,308 Preferred: 5,000,000 | *Right-click the rows below and select "Insert" to add rows as needed. | ||||||||
Date of Transaction | Transaction type (e.g. new issuance, cancellation, shares returned to treasury) | Number of Shares Issued (or cancelled) | Class of Securities | Value of shares issued ($/per share) at Issuance | Were the shares issued at a discount to market price at the time of issuance? (Yes/No) | Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed). | Reason for share issuance (e.g. for cash or debt conversion) -OR-Nature of Services Provided | Restricted or Unrestricted as of this filing. | Exemption or Registration Type. |
March 2018 | New Issuance | 5,000,000 | Preferred Series B | $0.0001 | Yes | Coin Citadel Treasury | Acquisition of Mining Division | Restricted | Rule 144 |
6 "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers,
directors and control persons.
7 To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.
OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3 February 2021)
March 2018 | 2,500,000 | Preferred Series B | $0.0001 | Yes | Thomas Pillsworth, Coin Citadel Mining Division | Obtain Control Block of Shares | Restricted |
Shares Outstanding on Date of This Report Date May 3, 2019 Common:3,734,825,308 Preferred: 2,500,000 |
Use the space below to provide any additional details, including footnotes to the table above:
B. Debt Securities, Including Promissory and Convertible Notes
Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.
Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ☐
Date of Note Issuance | Outstanding Balance ($) | Principal Amount at Issuance ($) | Interest Accrued ($) | Maturity Date | Conversion Terms (e.g. pricing mechanism for determining conversion of instrument to shares) | Name of Noteholder (entities must have individual with voting / investment control disclosed). | Reason for Issuance (e.g. Loan, Services, etc.) |
Jan 5, 2016 | $40,000 | $60,000 | 0 | NA | Vic Devlaeminck | Prior Legal Council | |
Jan 5, 2018 | $60,000 | $60,000 | 0 | NA | Thomas Pillsworth | 1 year contract to develop Bitcoin mining division | |
Use the space below to provide any additional details, including footnotes to the table above:
OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3 February 2021)
Coin Citadel Financial Statements
Balance Sheet
For the Periods December 31, 2019 & December 31, 2018
Unaudited
Twelve Months Ending
December 31 December 31 2019 2018
ASSETSCurrent Assets
Cash on hand, in bank | $1,028 | $52 |
Digital Asset | $24,715 | |
Total current assets | $25,743 | $52 |
Property, Plant & Equipment | $41,024 | $41,024 |
Miners | $36,000 | |
Depreciation | ($20,000) | |
Total Assets | $82,767 | $41,076 |
6/28/2021 |
See accountants report and notes to financial statements
CoinCitadelStatements2019D.xls
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Coin Citadel published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 00:34:06 UTC.