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Convertible Note Issue — option pool shuffle diluting founders

Started by help_me_freelancer_2022 · Jul 24, 2024 · 837 views · 3 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
HM
help_me_freelancer_2022 OP

I've been trying to resolve this on my own but I'm stuck.

option pool shuffle diluting founders. I've been dealing with this for about 5 months now and the situation isn't improving.

I have already done some research online but got conflicting advice.

Has anyone been through something similar? What worked for you?

JC
just_curious_worker_IL

Have you tried reaching out to your state's attorney general? They sometimes have free resources or mediation services.

SA
seeking_advice_seller_2022

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

TL
Mod_TermsLaw Moderator

I specialize in this area of law. Here's my take on the legal issues.

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

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