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Liquidation preference would not come into play unless you are selling off the whole company. The author says that the value of the shares was not public, but
by jjeaff 7y ago
Liquidation preference would not come into play unless you are selling off the whole company.
The author says that the value of the shares was not public, but one would assume they did not get back nearly what they put in.
Did you read the article before calling the author incompetent?
- paulddraper 7y ago> Liquidation preference would not come into play unless you are selling off the whole company. The wholesale liquidation would presumably provide a floor to the partial liquidation value. That's not necessarily true, but probably is. ("Overstatement")