Tuesday, September 16, 2014 1:20:14 AM
On or around April 7, 2014 the company approved the authorization of a new series of Preferred Stock –
Series H - along with taking the proper corporate board actions. On or about April 24, 2014 the Secretary
of State of Nevada approved the certificate of designation for these Preferred Series H shares and the
Company uploaded this filing to the OTC Markets website.
The filing authorized up to 2,000,000 Preferred Series H shares to be possibly issued in the future.
This is not a public offering and if any shares are issued it will be to accredited investors with existing
relationships with the company. This may allow the company to raise future capital via equity shares
rather than through debt. It may also allow the company to potentially utilize these shares to help close
potential future mergers or acquisition opportunities if needed.
If the company sells any of these shares the investors/shareholder(s) will pay $1 per share and will receive
4% cumulative preferred shares which will include a cumulative dividend in the form of additional shares.
If the investor/shareholder decides to convert their shares into common shares after holding them for a
minimum of 1 year to cover the restricted time period the preferred shares may be converted into common
shares at a ratio equal to 70% of the average of (or a 30% discount from) the 3 lowest closing prices
during the prior 10 days.
The company will also maintain the right to buyback these shares or allow a lager future investor to
potentially buyout these preferred shares at a price equal to 120% of the original paid amount.
As of August 1, 2014 the company has sold 257,000 Preferred Series H Shares.
This filing is consistent with the company’s desire to reduce its debt and build its equity to be better
position for the future.
...The Company has not sold any of their free trading shares for any compensation or investment. The
Company has not issued any free trading shares using the exemptions related to a Regulation A filing, a
Rule 504 exemption or filed an effective registration statement.
Including Golden State, mentioned above, and other investors/debtors The company has a total of about
$975,000 in long-term notes and/or debentures. These notes can be paid back in cash or stock. The
investors have been working with the company to try to find the best balance between maintaining solid
company fundamentals, growth plans and cash flows while trying not to dilute the stock too quickly to
cause a significant decline in price.
http://www.otcmarkets.com/financialReportViewer?symbol=ACGX&id=124666
BUD-X-EXCHANGE - The Weed Blog - Mobile Apps, MARIJUANA NEWS AND INFORMATION
Recent ACGX News
- Alliance Creative Group (ACGX) Releases Q2 2024 Financial and Disclosure Report with an increase of over $130,000 in Net Income from Q2 2023 to Q2 2024 • InvestorsHub NewsWire • 08/14/2024 12:30:00 PM
- Alliance Creative Group (ACGX) Releases Q1 2024 Financial and Disclosure Report with an 88% increase in Net Income from Q1 2023 to Q1 2024 • InvestorsHub NewsWire • 05/15/2024 12:30:00 PM
- Alliance Creative Group (ACGX) Releases 2023 Annual Financial and Disclosure Report - PeopleVine's revenue increased by 100% in 2023 • InvestorsHub NewsWire • 04/01/2024 12:00:00 PM
- Alliance Creative Group (ACGX) Reports Third Quarter of 2023 Financials • InvestorsHub NewsWire • 11/15/2023 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM