http://www.investopedia.com/terms/l/liquidation.aspCreditors liquidate assets to try and get as much of the money owed to them as possible. They have first priority to whatever is sold off. After creditors are paid, the shareholders get whatever is left with preferred shareholders having preference over common shareholders.
Would Angel investors be 'prefered shareholders'?
https://bitcointalk.org/index.php?topic=289730.0Private Tranche - 1,100,000 Shares - Sold privately to Angel Investors
Pre-IPVO Offering - 500,000 Shares @ 0.0025 BTC each
(Pre-IPVO Offering, available only to XBOND holders, see next section)
Public Offering - 8,000,000 Shares @ 0.003 BTC each
I think they would not be preferred shareholders since they are part of the Private Tranche but are counted towards the Public shares
Not 100% certain myself though although the private tranche has no voting rights either.
LMB Holdings Share Structure
Public investors will hold 9,600,000 LMB Holdings shares (60% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 6,400,000 shares (40% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).
Voting Rights
Shareholders in LMB Holdings do not have explicit voting rights. Any questions or concerns will be answered within 24 hours through our own investor relations website.