zlacker

With private stocks, they can put further restrictions on what you can do with your stocks.

>>eru+(OP)
Sure, but in the event of liquidity, can they refuse to pay me the value of my shares? For any reason?

>>p1esk+B1
If they have even moderately clever lawyers and accountants, yes.

See eg https://en.wikipedia.org/wiki/Shareholder_rights_plan also known as a 'Poison Pill' to give you inspiration for one example.