Investor's cold feet

05-16-2008, 08:51 PM

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Join Date: Oct 2005

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Investor's cold feet

What is the name of your state? California
An investor has bought shares of a corporation (not publicly traded) from an existing shareholder (the founder) and then gets cold feet and wants to sell back the stock (all this within a very brief period of time). Q: Is the company or the selling shareholder obligated to buy back the stock? Is it legal to do so? Are there timing issues? Any pertinent remarks would be helpful. Thanks

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