The inside story

I am finally able to share with you what happened to my husband's job. I am only going to share the main points, because I don't want to be slanderous. At the first of the year my husband's business partner did a hostile take over of the company. He fired someone that was key to the operation here, he fired the Board of Directors, elected himself sole director, changes the bylaws and articles of incorporation, and eventually fired Nathan at the end of January. My husbands company does defense work for the military. Nathan brought the products and intellectual property to the table when they decided to create a company. His partner brought contract proposal skills to the table, but since he was a disabled vet, Nate gave him 51% of the company so that they would gain favorable status with the govt, and elicit more contracts. They were to have equal control over the company and Nate was compensated extra for providing all the devices that were being sold. When there relationship began to sour, the board directed that someone outside come in and run the company, Nate was in total agreement to this recommendation, his partner was not. His partner found a loophole through our poorly constructed bylaws and took over.

We are headed to CO on Sunday in preparation for our hearing on Tues. We are asking the judge to appoint a receiver,(someone to run the company) or reinstate the board. We would also like the court to dissolve the company, that means sell off everything and go our separate ways, but that will not be decided until a trial. Before Nate was fired, we were negotiating selling our half of the business, but at the last minute he pulled his offer and then low balled us, so the court has to decide what to do with the company.

Please pray for God's justice to be done, we are at peace with however this turns out. Pray for my nerves, which have so far been good, but traveling makes me anxious.