I require legal advice on the following matter and would like to know the best way to move forward.
The business is Prodigy Retail. which trades as The Hive Hostel. 3 directors and shareholders, 120 shares with each having 40 shares.
1 of the directors has sold or is selling his share to the 2nd director for a total of $40,000 plus his $15,000 original investment.
He has not offered his shares to myself which i believe is unfair because i will have no say in the business as my stake will be 33.% to the other director with 66%.
Yesterday the 2nd partner agreed to go 50/50 but has since changed his mind.
Isnt that what the business constitution and pre-emptive rights are there for?
I have a few facebook conversations and text message conversations which i can show you.
1st of all i need advice and then the best direction forward.