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by cobbzilla
2611 days ago
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If the investors have a board and shareholder majority (which they may not), and really thought this was a terrible investment decision that they want to get out of, then they could vote to wind down the company immediately, redistributing the assets pro-rata (with possible liquidation preferences). This would be roughly the same as "withdrawing funding". They could recoup a huge part of their investment before things get worse. But again, afaik this requires a shareholder majority, barring any strings/triggers on the investment terms that could be activated. |
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