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Old 12-31-2013, 01:06 PM
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Join Date: Aug 2011
Location: Venice, FL. USA
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The phrase "except he wants 60%" means you have no ownership of your company, you will be working for the new owner with no prospect of ever retaining any controlling interest in what was once your business. If you don't mind working for someone else and having them calling all the shots in the present and the future your decision is easy otherwise work with what you have and politely tell the investor, no thanks.
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