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Does this mean then all the common are wiped out due to the liq preference that existed before?
by lasgsf 7y ago
Does this mean then all the common are wiped out due to the liq preference that existed before?
- qeternity 7y agoEssentially yes. Not wiped out per se, but underwater. If they can grow the business beyond the high water mark, then there’s a shot at getting paid. But I’d say in a best case that’s unlikely.
- tempsy 7y agoNo it doesn’t. Read the deal. SoftBank will buy up to $3B in stock from existing shareholders, including employees. They are bailing out employees and investors. People will at least get something.