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Can you explain what that is? What are assets are?
ok than yes, it is 115, 000 in inventory, 4900 in accounts receivables, and 1500 in the bank. We have a 20,000 dollars sale coming in this week. which would put at us 95k in inventory and 21,500 in cash. They want what they put in, minus what they withdrew which is about 60k approx. Is that fair? We would have to sell to pay them off in the first place but would leave us with not much to keep going. We can try and get more loans but might be tough.
We did withdraw more than they did since we started but most went to business start up cost.
I dont know but I don't think so, We believe they have an agenda. We think they are renting a new location to start a new business and probably try and destroy ours.
No agreement ever made. I know, bad mistake.