FTL: > The remaining $52.2 million was distributed to holders of the company's preferred stock—less than their total liquidation preference of $57.9 million

FTL: > The remaining $52.2 million was distributed to holders of the company's preferred stock—less than their total liquidation preference of $57.9 million I'm not sure that's different than my point. $7.8M for the current employees/management, most of which should have gone to fill liq prefs. What am I missing?