Anavex Life Sciences Corp (AVXL)

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but instead he gets the blank check preferreds to protect us, ...

Define “us”.



“As well, companies can use the blank check preferred stock to quickly raise capital without awaiting shareholder approval. However, given the powers that must be entrusted to the board of directors in order to issue the shares, investors should carefully monitor when and for what reason blank check preferred shares are issued.”


https://investinganswers.com/dictionary/b/blank-check-preferred-stock