Ugh - this whole dissolving a company thing is for the birds. For one we're not really *dissolving* it - we're just laying off all the employees & hoping that we can still sell our film in the coming months. The second sucky thing is that our investor (well, the financial dept) changed the structure of their funding from "investment" to "interest bearing loan" without ever telling us....which obviously doesn't legally change things unless we agree. And therein lies the problem. How do you bite the hand that has been SO generous to you over the past 3 years - allowing you to create, make your schedule, fulfill a dream while at the same time not getting screwed over? If we had been told additional monies were a loan at the time of the change, we probably would've done things differently - like, negotiated a better interest rate, talked to a banker, a lawyer, etc. I am not personally liable for anything but our company is & if we choose to go forward & make films with other investors in the future, this *new* old agreement would mean we'd have to pay old "investments" back first...which pretty much kills any chance of having new investors.
Part of me is so angry that we were handed post-dated (by a year & a half) Promissory Notes making this change & are just supposed to accept it! What? You can't just *do* that when you're running a business. It's not legal. And with no explanation it really makes the two partners (Jason & myself) feel pretty uneasy.
And I personally feel bad. I mean, we explained everything how we saw it - 100% honestly, truthfully, bared to the bone and the response we got back was full of vitriol & great "disappointment." What? This is why I have no backbone & cannot stand any sort of confrontation. I FEEEEEL bad. I want to curl up & die because I don't want people to not like me, be mad at me, etc (even though I have done nothing wrong - this is how you get screwed over in life - why do I know this & it still hurts?).
Most of me just wants to wash my hands of all of it...unfortunately it is not that easy.