Serious Sam is interested in buying stock in a new publicly traded company called Worldwide Consortium, Incorporated. The company found success by offering unique ways for couples to stay together and bring creative spice back into their relationships. Sam wants to make sure he has a say in who sits on the Board of Directors. Sam would also like to own a respective share of the corporation itself. Please discuss what type of stock Serious Sam should purchase in Worldwide Consortium and fully explain why.
Serious Sam is also interested in buying stock in another publicly traded company called Moore Capital Investments. Sam’s interest in this company was little different than Worldwide Consortium, Incorporated. Serious Sam’s interest primarily focused on whether the company was profitable and made money. Sam wanted to make sure he was first in line after legitimate creditors if Moore Capital Investments became insolvent or bankrupt in light of the recent worldwide economic collapse. Although Moore Capital Investments hadn’t paid a dividend last year, Sam wanted to make sure he was paid a dividend first and retroactively if and when a dividend payout was authorized by the Board of Directors. Please discuss what type of stock Serious Sam should purchase in Moore Capital Investments and fully explain why.