Here's a post I wrote a while ago on how liquidation preferences work. http://www.altgate.com/blog/2008/05/how-liquidation.html http://www.altgate.com/blog/2008

Here's a post I wrote a while ago on how liquidation preferences work. http://www.altgate.com/blog/2008/05/how-liquidation.html http://www.altgate.com/blog/2008/05/how-liquidation.html