Are Privately Placed Preference Shares If Issued By An Unlisted Company,secured?
The shares you are talking about are quite secure because even if the company is not listed it is certainly a registered company and you must have the documents that can show that what number of shares you have. So if the company makes some profit you will get your share of money. The only aspect about this kind of shares is that you do not have the right to vote in the decision making of the company and if you think that it is a lag in this kind of shares, certainly it is. But you can be sure of making profits if the company makes some because you have the preference share and you will make money even before any ordinary shareholder is making.