B
BuzzM
Guest
I invested in a pre-IPO startup by buying common stock. The company has struggled and one investor agreed to loan money to keep the company solvent provided the company converted all of his common stock to debt. He knew that they potentially had a buyer for the company and now he will recoup his "investment" and the other stockholders will probably not see any money. This "investor" now controls the company and is negotiating the terms of the sale. Do the other stockholders have any recourse since we were not informed of this and also were not offered a similar arrangement?