The investors buying the preference shares may not have any say in how the company is run, but in the event of corporate insolvency they are paid out before ordinary shareholders, hence why these shares are called preference shares.

购买优先股投资者公司运营没有言权，但在公司破产情况下， 他们会在普通股股东之前得到赔偿，这就是为么这些股票被称为优先股。

So it's an interesting trade that reminds me a little bit of what happened with AMC when it was a preferred stock by individual investors.

这是一个有趣策略，让我想起了AMC在成为个人投资者优先股时情况。

Preference and ordinary shares are a bit confusing, because in these types of companies, it's the ordinary shares that you really want.

优先股和普通股有点让人困惑，因为在这些类型公司中，你真正想要是普通股。

And the way the deal worked was it's about $200 million or so that they invested in preferred shares.

这笔交易方式是他们投资了大约2亿美元左右优先股。

If there are two classes of shares like there are in companies such as Berkshire Hathaway and Meta, then money is given to non-voting preferred shareholders first.

如果公司像伯克希尔哈撒韦和Meta一样有两类股票，那么资金会首先给予无表决权优先股股东。