GLOBAL EQUITY INTERNATIONAL, INC. (OTCMKTS:GEQU) Files An 8-K Other EventsItem 8.01 Other Events
On September 14, 2017, the Company’s Board of Directors approved and the Company designated 5,000,000 of its authorized preferred stock as Series “C” convertible preferred shares and authorized the filing of a Certificate of Designation with the Nevada Secretary of State. The Certificate of Designation, approved by the Nevada Secretary of State on September 19, 2017, stated the following:
| ● | Voting Rights: 100 votes per share (votes along with common stock); |
| ● | Conversion Rights: Each share of Series “C” Preferred is convertible at any time, and from time to time, into one hundred (100) shares of common stock after the third anniversary of issuance; |
| ● | Dividend Rights: In the event the Board of Directors declares a dividend on the common stock, each Series “C” Preferred share will be entitled to receive an equivalent dividend as if the Series “C” Preferred share had been converted into common stock prior to the declaration of such dividend. |
| ● | Liquidation Rights: None. |
| ● | Designation: Series C Preferred Stock. |
| ● | Shares of Series C Preferred Stock designated; 5,000,000 shares. |
Under Nevada corporation law, no shareholder approval was required for the creation of the Series C Preferred Stock.
No shares of Series C Preferred Stock have been issued to date.
Item 9.01 Financial Statements and Exhibits
GLOBAL EQUITY INTERNATIONAL INC Exhibit…To view the full exhibit click here
About GLOBAL EQUITY INTERNATIONAL, INC. (OTCMKTS:GEQU)
Global Equity International, Inc. through Global Equity Partners Plc (GEP) and its subsidiary GE Professionals DMCC, provides consulting services, such as corporate restructuring, advice on management buy outs, management recruitment and development for corporate marketing, investor and public relations, regulatory compliance and introductions to financiers, to companies desiring to be listed on stock exchanges in various parts of the world. The Company’s operations are limited to insuring compliance with regional, state and national securities regulatory agencies and organizations. The Company advices and assists its clients in determining the corporate structure, which is suitable to their business models. The Company recommends management changes as per necessity. The Company also offers corporate governance models customized to specific organizations and desired exchange listings. The Company reviews and analyzes balance sheets and capital structures.
