Investors are happy with a 10% discount from preferred when buying common shares...

stale2002 · on May 30, 2017

Not every company has onerous terms.

But you could still factor that in to whatever the fair market value is.

Call it a 50% discount if you like, to get to the "market value". But that still sounds like a much much better deal than what the CEO is offering

wumpus · on May 30, 2017

Even a 1X liquidation preference knocks a lot off, and that's hardly onerous.

There's a reason why the 409a value is often only 10%.