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Involuntary liquidation preference

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Involuntary liquidation preference
A premium that must be paid to preferred or preference stockholders if the issuer of the stock is forced into involuntary liquidation.


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01 par value; Authorized 8,000 shares; issued and outstanding, 473 shares in 2003 (aggregate involuntary liquidation preference $473,000 at December 31, 2003) -- 4 Series B convertible Preferred Stock, $0.
00 par value (aggregate involuntary liquidation preference $293) authorized 3,000,000 shares issued and outstanding 26,631 shares 27 27 Common stock, $.
00 par value (aggregate involuntary liquidation preference $266) authorized 3,000,000 shares; issued and Outstanding 26,631 and 26,631, respectfully 27 27 Common Stock, $.
 
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