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Re: MissyL post# 50924

Wednesday, 01/01/2014 10:45:22 PM

Wednesday, January 01, 2014 10:45:22 PM

Post# of 194800
The only significant differences between preferred and common shares are voting rights and the order in which the company pays its debts in case of bankruptcy. Preferred shares have more voting rights and get paid out before common shares in case of bankruptcy, but all shareholders are placed behind creditors. What is the significance of you pointing out that they received preferred shares as opposed to common shares?