3 ms·409a valuation. There is a process. But generally the common price is much lower than the preferred.by joshu 12y ago409a valuation. There is a process. But generally the common price is much lower than the preferred.fsk 12y agoIt's still just a fantasy price if you can't actually sell your shares at that price.joshu 11y agoI don't really understand what point you are trying to argue. It's not a price, it's a valuation; the price is derived from there. Do you think that companies have zero value always?