Why is Common Stock Nonrights go with this answer?

Mistral Yachts: Mistral Yachts is closely held company that was founded in 1970 by Gal Billow to build a top-quality line of sailboats. The company's debt ratio is 48 percent, compared with an average ratio of 36 percent for sailboat companies in general. The stock is owned in eual parts by ten individuals, none of whom is in a position to put additional funds into the business. Sales for the most recent year were $12 million, and earnings after taxes amounted to $720,000. Total assets, as of the lastest balance sheet, were $9.6 million, Mistral Yachets needs an additional $4 million to finance expansion during the current fiscal year. Given the worldwide growth in leisure-time activities and interest in sailling in partcular, the firm anticipiates additional outside capital needs in the years ahead.