Replies to post #48208 on Alliance Creative Group Inc (ACGX)

[Pennystomper]

The below writing come from SEC rules and regulations. Accounting standards under definetions includes GAAP. UNDER GAAP fully diluted is never to be over authorized. GOOD DAY, SIR....

to be invalid for any reason.
(b) RECOGNITION OF ACCOUNTING STANDARDS.—
(1) IN GENERAL.—In carrying out its authority under subsection
(a) and under section 13(b) of the Securities Exchange
Act of 1934, the Commission may recognize, as ‘‘generally accepted’’
for purposes of the securities laws, any accounting
principles established by a standard setting body—