Regen BioPharma Inc (RGBP)

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CONTINUED


What is Preferred Stock?
Preferred stock refers to shares of a C corporation or limited liability company that carry special rights to payment of dividends above the rights of common shares. The preferred shares will normally have a stated dividend that is payable quarterly or annually. The dividend can either be cumulative, meaning that if it is not paid it adds to the next period’s dividend, or non-cumulative. In exchange for the dividend preference, the preferred shares rarely have any voting rights. As a result, they will not have the opportunity to vote in any buyout or merger transaction.


You need to get a response from the CEO as to how he will handle the PFD shares in a buy out