Hi Alon, great write-up. Thanks. Largely agree - one caveat is that the Korean non-voting shares have no liquidation preference (despite the name). In liquidation they are pari passu with common. Don't think makes much of a difference though...
Hi Alon, great write-up. Thanks. Largely agree - one caveat is that the Korean non-voting shares have no liquidation preference (despite the name). In liquidation they are pari passu with common. Don't think makes much of a difference though...