NorthWest Biotherapeutics Inc (NWBO)

[hankmanhub]

The differences wrt the number of voting rights fort preferred shares between the series A, B and now the C are purely cosmetic and make no real difference. that is to say you got the number of votes for the number of shares you could convert to in common shares. So if you wanted 100 votes you could buy 10 A/B preferred shares (priced at 10X the common) by paying 100X the common share price. Now equivalently, you can buy 4 C preferred shares (priced at 25X the common) AGAIN by paying 100X the common share price. NO DIFFERENCE. At all times you were paying 1X common share price for 1X vote. In the A/B series you had to do this in groups of 10 votes while with the C series its done in groups of 25 votes.