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.

购买优先股的投资者可能对运营没有发言权，但破产的情况下， 他们会普通股股东之前得到赔偿，这就是么这些股票被称优先股。

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.

这是一个有趣的策略，让我想起了AMC个人投资者的优先股时发生的情况。

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，因这些类型的中，你真正想要的是普通股。

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

这笔交易的方式是他们投资了大约2亿美元左右的优先股。

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的优先股股东。