Alliance Creative Group Inc (ACGX)

[capt AL]

r or stated value and description of the security
T
he Common Stock has a par value of $.0
0
01. The Common Stock has
a one
share one vote right but no
future rights to dividends
.
As of
December 31
, 2013
t
he preferre
d stock has
1
00
votes per share
and 1
00 to 1 conversion rights into
common
stock
but is not
entitled to receive any cash dividends
.
The Company
also converted 1,000,000 shares of the preferred stock on May 1, 2013 into
100,000,000 Common Restricted Shares for the CEO, Steven St. Louis.
As of
January 7, 201
4 the voting rights for the preferred s
tock was amended to 200
votes per share along with 200 to 1 conversion rights into common stock.
If all
the
remaining
preferred stock
owned by Mr. St. Louis
was converted into
restricted
comm
on stock in t
he future it would be equal to 8
00
,000,000
common
s
hares.
Therefore the Company may need to increase
the Authorized Common
Stock to
above its current
750,000,000 to allow enough room for potential future
convers