I find it hard to believe that anyone would accept a multiple liquidation preference. I'd seriously consider it better to shut down than to stay in the game for

I find it hard to believe that anyone would accept a multiple liquidation preference. I'd seriously consider it better to shut down than to stay in the game for the benefit of investors I'd end up hating. I can't even imagine MLP benefiting investors. It'd be a huge morale-buster. Also, a company that needs to accept those sorts of terms is in severe trouble and, as I'd see it, although I may be wrong, not likely to be a good investment at all.