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Need help understanding convertible note maturity extension

Started by justmyopinion_20 · Oct 4, 2024 · 874 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.
JU
justmyopinion_20 OP

Sorry for the wall of text. I've been trying to resolve this on my own but I'm stuck.

convertible note maturity extension. I've been dealing with this for about 15 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but got conflicting advice.

What are my legal options here? Is it worth pursuing?

WO
workinprogress_29

Following this thread — +1, same situation. Hoping for good news.

AJ
average_joe_8

I went through almost the exact same thing.

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 sadly.

QT
quinn_t_34

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.