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Old 18-06-2008, 09:17
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yourlocaltrades yourlocaltrades is offline
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Default Legal issue HELP!!..........

I am trying to remove a director/shareholder in YLT, she has 15%.
It has come to light that she has something else which is basically ripping me off!!
She has not paid the initial investment fee that was also agreed.
As 85% shareholder/Director, i want to sell the domain names, can I?
Could i just turn the website off?
She has also REFUSED to sell her stake, and said that she wont do so:
Email sent this morning(part of):
As I have already made clear my shares are not for sale. Under the terms of the agreement I have to be given first option to buy out Steve’s shares before they are offered elsewhere. I have not been given this option and I will consider it once it is brought to me.

Steve and I remain Directors until we agree otherwise. That is the situation. Any attempt to sell shares outside of the existing shareholders would be overturned.
A decision needs to be made by both shareholders. Neither can make a decision to sell the company without the other’s agreement.
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