murmy - 7:32 pm on Feb 26, 2010 (gmt 0)
I know a lot of you have experience in this so I want to run it by you.... I have the fortunate situation of two investors who are competing to invest in a project of mine.
They both (independently) want to invest and want a 55% share in my business which would give them control.
What would be the situation if I allowed them both to invest the same sum and gave them 40% each of the share capital and I retained 20%? Then who has control and how are decisions within the entity handled?
Does this mean that only if GUY1 and GUY2 have agreement then the motion is carried? What if GUY1 and ME have agreement on something, is it sufficient to carry the motion (at its 60% shares owned by us both)?