A quick question to do with shares
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- Posts: 211
- Joined: Sat Jul 11, 2009 9:28 am
- Team Supported: Darlington
A quick question to do with shares
So we raise the first 250k what is to stop our former chairman saying he wants all his money back? . Have we any assurances that this scenario willl not hit us.
Re: A quick question to do with shares
We have assurances, but I'll be nervous until he signs a document to that effect.
I suppose if we raised the 250k and he went back on his word, we'd be liquidated and everybody would be offered their money back.
We wouldn't begin the process of exiting administration until we legally had Raj's backing, so no money would be thrown away.
I suppose if we raised the 250k and he went back on his word, we'd be liquidated and everybody would be offered their money back.
We wouldn't begin the process of exiting administration until we legally had Raj's backing, so no money would be thrown away.
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- Posts: 211
- Joined: Sat Jul 11, 2009 9:28 am
- Team Supported: Darlington
Re: A quick question to do with shares
Cheers Quakerz just something that was bugging me.