re: Ann: Investment Transaction For PrIME Bio... From...

re: Ann: Investment Transaction For PrIME Bio... From Investopedia;

"Definition of 'Preference Shares'

Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a company bankruptcy, preferred stock shareholders have a right to be paid company assets first. Preference shares typically pay a fixed dividend, whereas common stocks do not. And unlike common shareholders, preference share shareholders usually do not have voting rights."

The key here is that preference share shareholders "usually do not have voting rights."

So our MINORITY preference shareholders are getting;

1) 10% pa before we get anything,
2) priority over the assets if the company fails
3) 100% voting rights.

This is wrong on so many levels.

And I bet we can't sell any more to anyone else, so we'll be handcuffed.

Who would invest in NSP now?