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Equity Crowdfunding — convertible note maturity extension

Started by LandlordTom_TX · Aug 15, 2025 · 1,173 views · 24 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
LT
LandlordTom_TX OP

Quick background on my situation — any input appreciated.

convertible note maturity extension. I've been dealing with this for about 7 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

What's the typical outcome in situations like this?

HM
help_me_dev_GA

NAL, but from what I've read, you should file a complaint. That said, definitely get a lawyer to look at the specifics.

TL
Mod_TermsLaw Moderator

Licensed attorney — a few thoughts. Here's my take on the legal issues.

Based on what you've described, you likely have a viable claim under the relevant statute. The standard is whether a reasonable person would find the conduct actionable.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

AF
asking_for_friend_trader_CO

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

NH
need_help_seller_today

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

NR
NurseUnion_Rep

Been there. Here's what I learned.

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

WP
worried_parent_MA

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

FK
FreelancerKate

I've seen this play out several times in my field.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

PN
Photographer_NYC

I've seen this play out several times in my field.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

HM
help_me_investor_NY

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.

CB
confused_business_owner_CA

NAL, but from what I've read, you should document everything. That said, definitely get a lawyer to look at the specifics.

HC
HRManager_Chicago

I went through almost the exact same thing.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

JC
just_curious_tenant_WA

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.

FB
frustrated_business_owner_CA

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.

RM
RestaurantOwner_Miami

Been there. Here's what I learned.

I ended up escalating to a supervisor/manager, which cost about $1-3 but saved me a lot more in the long run.

NR
NurseUnion_Rep

I've seen this play out several times in my field.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

AB
AgentBroker_TX

I've dealt with this before.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

PB
PatentAgent_Boston

I've seen this play out several times in my field.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

GL
GigWorker_LA

I've seen this play out several times in my field.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

DD
desperate_driver_IL

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

TA
TenantRights_Advocate

I've seen this play out several times in my field.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

RE
RemoteWorker_EU

I went through almost the exact same thing.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

HM
help_me_tenant_advice

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

DS
DevOps_Seattle

I've seen this play out several times in my field.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

JC
just_curious_investor_2024

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

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