Wow...you get 40 "Class D Convertible Preferred Stock" for every million you have/had now...and
can be converted to common shares when the price gets up to $2.50 a share!!!...yikes!
Unbelievable...you can convert when the R/S price of $.07/share goes up to $2.50/share...hmmmm...
that could take a while. Guess they're pretty optimistic about the company's future...lol.
Did I miss something here??? Scared to think of what's gonna' happen with the A/S...that will let us
know if they will "rinse & repeat" us back down to trip zeros...oy vey.
IMO...only chance here is for a "mother of all PRs" to be put out...but I only have visions of snowballs
& very hot underworlds.
Abby was spot on with this one...but it was too hard to sell with a no bid for the last couple of months.
Oh well...cest la vie...just another typical pinky type here...unless Mr. Atwell can prove me wrong.
Form 8-K for CAMELOT ENTERTAINMENT GROUP, INC.
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9-Jul-2009
Other Events, Financial Statements and Exhibits
ITEM 8.01 OTHER EVENTS
On July 9, 2009, Camelot Entertainment Group, Inc. ("Camelot") issued a press release announcing that in connection with the effective date of July 10, 2009 for the 700:1 reverse of the company's common stock, Camelot has received a new trading symbol "CMGR" from OTC Corporate Actions FINRA Operations. A copy of Camelot's press release is attached hereto as Exhibit 99.1.
In addition, Camelot has established a new series of preferred stock known as "Class D Convertible Preferred Stock". All stockholders of record as of July 9, 2009 shall be eligible to receive as a cashless dividend the Class D Convertible Preferred Stock. Stockholders shall be eligible to receive 40 shares of the Class D Convertible Preferred Stock for each one million shares of common stock owned as of the close of trading on July 9, 2009. Holders of Class D Convertible Preferred Stock shall have the right, once the Common Stock achieves a 30 day average closing bid price of $2.50 per share as determined by the Over The Counter Bulletin Board ("OTCBB") historical daily stock price quote, to convert any or all of their Class D Convertible Preferred Stock into 1 share of fully paid and nonassessable shares of Common Stock for each share of Class D Convertible Preferred Stock held. In addition, holders of Class D Convertible Preferred Stock will have the right to convert, as described in the designation, upon an initial or secondary public offering of the Common Stock by the Corporation where the offering price is $2.50 or greater. Camelot shall begin the process of registering these shares for distribution to its common stockholders subsequent to the effective date of the reverse.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Exhibits
Exhibit
Number Description
99.1 Press release
News 
Market Data 
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