Alliance Creative Group Inc (ACGX)

[10 bagger]

No one seems to get it.. As long as they own one share of preferred they control the company.. The preferred conversion rate has been changed at will several times during the past 3 years..

If they were to just pay off the debt thru banking facilities and cash flow and convert all preferred shares to common giving insiders still control and then do a reverse of what ever they wanted then the company could prosper.. Why because then the insiders would have to relinquish control if they sold.. No conv. debt is the way to go..As long as management controls thru the preferred the shareholders have no voice.. But now they have set up shareholders for a reverse because they can always say the shareholders wanted that way.. Wash and Rinse all over again... hank