No, I didn't miss them. Doherty having voting control with his Preferred shares was known. The rest of the owners of preferred shares must have been given them for debt, so they'd be vulnerable to conversion. The small holders (especially the CEO when this was NHPI) will very likely convert at the first opportunity, possibly with the same registration that the company will sell stock and raise money.
If they don't have a need to raise money by selling stock, there was no reason to go public.
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