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Rawnoc

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Rawnoc

Re: Emptyhead post# 4946

Wednesday, 09/24/2008 10:52:25 AM

Wednesday, September 24, 2008 10:52:25 AM

Post# of 46553
It is boilerplate in the unlikely and nearly impossible event that the company is liquidated -- that's a bankruptcy filing via Chapter 7 liquidation.

All preferred stock for every company on the planet has a liquidation preference over the common. For all practical purposes, it's meaningless to you and I. :)

Raw

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