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Posted On: 02/07/2021 1:35:19 PM
Post# of 36564
My post was a reply.
Who will have ownership of the NGIO preferred shares? Common shareholders would have very little say if any proposal came up that required their decision as the owner/s of the preferred shares would out vote them 3,000 to 1. So now there are more votes than shares. If for some reason there was a shareholder vote to approve a merger or acquisition of NGIO, the common shareholders wouldn't have a say. This may affect any potential merger or acquisition of NGIO in the future.
Who will have ownership of the NGIO preferred shares? Common shareholders would have very little say if any proposal came up that required their decision as the owner/s of the preferred shares would out vote them 3,000 to 1. So now there are more votes than shares. If for some reason there was a shareholder vote to approve a merger or acquisition of NGIO, the common shareholders wouldn't have a say. This may affect any potential merger or acquisition of NGIO in the future.
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