Demand Brands Inc. (DMAN)

[JonnyBGood]

It's not just voting rights. We're talking about long term invrstors when dealing with preferred shares. The preferred's are a way to finance bigger ticket production projects without effecting the common share structure. Usually the preferred shares are issued to big money investors with a restriction that the shares cannot convert for a certain time period. Sometimes 6 months, if a quick rise in the share structure is expected, more often one year if the CEO and the board are expecting a slower share price increase. These are sometimes referred to as beneficial ownership if there are agreements that the owners will not dump them like the volatile trading that happens with the common shares. It appears these were a result of the GBGM deal.