20% of 200k is 40k which is cheaper for you bc you get to keep 160k which is unfair considering that everyone else wants a refund,
Each share was worth (book value) 24.6/share.
This means that 20% of the total 10000 shares is 2000 shares.
2000* 24.6 = 49200 that he no longer has and instead the other shareholders get.
In total he would still have to pay the full dividends.
But 80% of the payments go to himself anyway
So he could for an example, pay it in 50k chunks.
50k dividends = 40k to himself and 10k to everyone else.
Then return the money he gained from the dividends to the company.
so, repeat that 4 times and then pay the remaining 46k dividends
So long as he can afford the total amount the shareholders get(other than himself), then he can afford to pay. Just might take a while due to paying in smaller chunks.
I am the one who lost most money in this… I owned second majority shares in his company and lost most amount of my own money. Because of this I am selling my land for $165-170k
I know I'm not an investor but if you are taking a lot of value out of the company to "do something" you should tell the investors that you are taking out stuff from the company and what the thing you are doing is.
I am the one who lost most money in this… I owned second majority shares in his company and lost most amount of my own money. Because of this I am selling my land for $165-170k
Spence your main investor what would you like to happen
Spence your main investor what would you like to happen
Just tell him to payout of $200k as dividend so everyone atleast gets some amount back. Networth of his company was around $250k. paying out $200k will be fair
Just tell him to payout of $200k as dividend so everyone atleast gets some amount back. Networth of his company was around $250k. paying out $200k will be fair
I will not pay 200k in dividends bc I already said what I will do.
I will not pay 200k in dividends bc I already said what I will do.
Is what will you do to BEST interests of the shareholders? Or is it in your interests alone?
Is it fair to the shareholders or is it practically stealing thousands from investors?
Using your logic, I am going to steal all of your assets? I said it, so should that be done? Should you give all your assets to myself because I said "That's what I'm going to do"?
You said you would not pay the full amount in dividends, which is what the shareholders would like. It is effectively stealing thousands just because you (without consulting shareholders and without best interests in mind) "said you would".
I will not pay 200k in dividends bc I already said what I will do.
@Monke MDND is not trying to agree with shares holders and is making it very clear that the money will not be returned, he just wants the money for him self,
even if he put a divide its still not fair because most of the company is owned by him and he does not want to pay the full amount,
