Hello my name is ***** ***** I will help you with this.
Do you have a shareholders agreement? Has there been an AGM please?
All I can tell you is i Invested £50k in a Ltd Company which was registered in the UK to which I got 15% shares in the Ltd Company everything was going well but the Owner ran out of money and currently the work that was being done (development work) has stopped due to trying to raise more funds which has not happened as of yet.
What is it you want to achieve please?
What I would like to know is, do i have any say in the company and how it is run along with can i get my money back?
Yes you have say in the company and how it is run. There should be an annual meeting where you can propose resolutions.
Given your shareholding you might also be able to call special meetings.
But sadly you have no right to your money back unless you have a shareholder agreement saying you do
there is no share holders agreement for my money back, I have been told I can have a say but with only 15% share holding the 85% owner can do what ever he wants ?
That is because you have limited rights.
But the owner must act in the best interest of the Company
Just as I thought, so as he has run out of money the development work has stopped and he is trying to raise more money (he has asked me for more but I have refused) so stagnant, is there anything I can do?
He has done but has run out of money
Sadly not. If more money is raised that could dilute your share of course.
Unless he raises more funds there is nothing you can do apart from sell your share
so we are going no where hence asking for my money back which seem I cant get
This is what the benefit of a shareholders agreement would have been
No, but then sadly you are not entitled to any money back unless there has been an agreement
OK thank you, ***** ***** I thought
That is the risk of investing I am sorry to say, especially without an agreement
Does this answer your question?
I am sorry its not the answer you want and certainly not the one I want to give you, but I have a duty to be hones
yes it is all good but more money needed its as simple as that
I am sorry.
Honesty is the only way I work and thank you for this
If this does answer your question might I invite you to rate my service today
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Thank you and best of luck with this
how do i do this please?
Found it at the bottom lol
Ah ok :)