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Hello all
I am in a very awkward situation and I wonder if someone can give me some advice please.
I setup a company with 3 business partners 8 years ago. We are all directors and have the same amount of shares in the business. Two months ago, I decided to leave the business, so I told my fellow directors about my departure and I asked my company to buy my shares back. As soon as I have said I was going to leave, my fellow directors have not invited me to any directors meetings anymore. I did not know they were not allowed to do that until I spoke to someone who knows a bit about laws. omegle discord xender
Anyway, 3 weeks after my leaving annoucement, I was called in to a directors meeting for the first time. In the meeting, I was presented to a piece of paper which turns out as a fake/make up balance sheet. Basically I was told, based on this fake balance sheet, the business could only offer a small amount of money to buy my shares. It worked out 40% of what I was entitled to. I told the fellow directors I needed to consult some legal advice first, so I took the fake balance sheet away and left the meeting.
I spoke to the same friend who I mentioned here earlier, he told me not to resign as a director yet because once I have resigned, the fellow directors do not need to include me in a directors meeting. After another month passed by, I have still heard nothing about my shares, so I asked the fellow directors about it again and again every few days.
I have set my final day at the company, it was on Friday just gone. When I asked about my shares again before I left the building, I was told by the fellow directors that the company will not look into it currently. The reason being is the company may lose a major account in a few months time. Therefore the directors do not want to pay me any money for my shares now just in case the major account goes and the company folds, then the remaining directors will end up with nothing. I told the directors that they are basically using my money to gamble the future of the business even I have made it clear that I am out now.
So now I am stuck in an awkward position that the business has not bought back my shares, I am no longer working for the business but still remain as a director and a shareholder. And also, the fellow directors are using my money to gamble the business’ future against my wish.In such sitation, what can I do to resolve my shares? I really prefer a clean cut from the business, but I do not want to resign as a director until I have my shares bought back by the company. How can I make the fellow directors/my company buy back my shares?
If anyone can give me some clues of what I can/should do next, that would be very much appreciated! Thank you!
I am in a very awkward situation and I wonder if someone can give me some advice please.
I setup a company with 3 business partners 8 years ago. We are all directors and have the same amount of shares in the business. Two months ago, I decided to leave the business, so I told my fellow directors about my departure and I asked my company to buy my shares back. As soon as I have said I was going to leave, my fellow directors have not invited me to any directors meetings anymore. I did not know they were not allowed to do that until I spoke to someone who knows a bit about laws. omegle discord xender
Anyway, 3 weeks after my leaving annoucement, I was called in to a directors meeting for the first time. In the meeting, I was presented to a piece of paper which turns out as a fake/make up balance sheet. Basically I was told, based on this fake balance sheet, the business could only offer a small amount of money to buy my shares. It worked out 40% of what I was entitled to. I told the fellow directors I needed to consult some legal advice first, so I took the fake balance sheet away and left the meeting.
I spoke to the same friend who I mentioned here earlier, he told me not to resign as a director yet because once I have resigned, the fellow directors do not need to include me in a directors meeting. After another month passed by, I have still heard nothing about my shares, so I asked the fellow directors about it again and again every few days.
I have set my final day at the company, it was on Friday just gone. When I asked about my shares again before I left the building, I was told by the fellow directors that the company will not look into it currently. The reason being is the company may lose a major account in a few months time. Therefore the directors do not want to pay me any money for my shares now just in case the major account goes and the company folds, then the remaining directors will end up with nothing. I told the directors that they are basically using my money to gamble the future of the business even I have made it clear that I am out now.
So now I am stuck in an awkward position that the business has not bought back my shares, I am no longer working for the business but still remain as a director and a shareholder. And also, the fellow directors are using my money to gamble the business’ future against my wish.In such sitation, what can I do to resolve my shares? I really prefer a clean cut from the business, but I do not want to resign as a director until I have my shares bought back by the company. How can I make the fellow directors/my company buy back my shares?
If anyone can give me some clues of what I can/should do next, that would be very much appreciated! Thank you!
