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... prefers to raise funds through financing, but in the current market, the valuation of Netflix will not satisfy him, so if he can raise funds by issuing preferred shares, it is the best at this time. Good way too.

But for this financing, William Chen did not support Netflix so unconditionally, and stipulated two terms in the signed agreement to purchase preferred shares:

One is that when the next financing is carried out, William Chen has the right to convert the preferred stock he ...

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