Alliance Creative Group Inc (ACGX)

[10 bagger]

ACGX.. $0.0018.. $455.000.00 Preferred H Outstanding..

Does this mean that on April 7, 2015 some of the preferred may be converted.. ???? But the question is why did they sell preferred at a time when they had a new banking relationship and money in the till several times what they raised..??

This is not a public offering and if any shares are issued it will be to accredited investors with existing relationships with the company.

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.