If there was a liquidation or bankruptcy, are the preferred shareholde


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If there was a liquidation or bankruptcy, are the preferred shareholders considered 'secured' or are they unsecured investors (or even below that) in the terms of who gets paid first?

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If there was a liquidation or bankruptcy, are the preferred shareholders
considered 'secured' or are they unsecured investors (or even below that) in the terms of who gets paid first?

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