2.Each share of Series A Convertible Preferred Stock will carry a number of votes equal to the number of shares of common stock issuable as if converted at the record date.
4.Charles was a scholar; James was a humorist; Fanny was a writer; Susan was musical--each had some special gift or characteristic to add to the common stock.
5.This is done by selling common stock — with shares commonly sold at $10 apiece — and a warrant, which gives investors the preference to buy more stock later at a fixed price.