The preferred shares carry an annual yield of $3.75.

Each share carries the number of votes attached to it.

The preferred shares will carry no voting rights, and the company has at least 10 years to issue them.

The preferred shares carry a dividend of, say, 4 percent.

The shares carry the right to five weeks a year of free accommodation at the resort, which is being developed as a time share enterprise.

The new shares require a minimum investment of $50,000, but carry very low expenses.

The shares also carried an additional maintenance charge of $7.70 a month.

Each share carries the votes assigned to it.

Those shares carry voting rights that could be used to block a takeover attempt by another company.

Derwell shares, worth slightly more than $200 each by recent calculations, carry a cost basis of a mere 10 cents, he said.