The rights of the Series A Preferred and Common Shareholders are not the same. Each Series A Preferred Share is entitled to one vote and a priority return of 12% beyond each investors original investment of $10 per share. Furthermore, the 12% priority return must be paid prior to any cash distribution to the Common Shareholders. Our Series A Preferred Shares will not be listed on any national securities exchange or the NASDAQ Stock Market. There will be no public market for our Series A Preferred Shares and transferability of the shares is restricted, except by operation of law. Our Series A Preferred Shares involves a high degree of risk. Any representation to the contrary is a criminal Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined if this prospectus is truthful or complete. On March 28, 2011, Audience Productions filed a prospectus offering 800,000 Series A Preferred Shares pursuant to Rule 424(b)(3). That filing, among other things, clarified the fact that the Series A Preferred Shares will be deemed issued only once all of the Series A Preferred Shares have been sold and the funds have been released from the impound account (see the Recent Developments Section on page 10). Perfect one direction mp3 download faxo series#.
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