Two and a half years ago myself and another guy David XXXXX  brought shares in a bar called Fast XXXXXX. The bar had been open for about a week prior to us buying in, but it had not been registered as a company or anything and was not actually licenced yet. The guy who had started it, Grant XXXXX had told us both he had seven years experience owning a bar and he was putting in 15,000 and would manage the bar. I put in 15,000 and was to be a working shareholder and David put in 30,000 and was a silent shareholder. I was actually 17 at the time so it was put in my grandmothers name until I was 18. The company was incorperated with Grant having 40%, me having 30% and David having 30% Over the years it has become clear that Grant had no real experience running the bar (he didnt know how to make cocktails, didnt know anything about tax, hasnt even put in a POS system etc etc) I also dont believe he ever put in the 15,000 as I have never seen any record of this. While I was working with him, things started to be done illegally. There is an illegal smokers room in the bar, no system of keeping track of cash (so he spends the cash and doesnt declare) the books were not done at all untill recently (not sure if they are finished yet-but alot will be unaccounted for) he spends alot of the money made on drugs, he has talked about setting up a drug laundering ring, he parties (and sleeps) in the bar for days, gives hundreds of dollars worth of alcohol away every day, there is no duty manager in the bar at all since Feb this year, all staff are paid in cash and not declared. This is just the stuff of the top if my head - not to mention bad hygenic practices behind the bar. So I left (mainly after he started talking about drug laundering etc). I rang David and explained the situation, and he said he was interested in getting out also - partly because of what i had told him and partly because he has never seen any of the prophits from the business (as promised) and everytime he asked, Grant just brushed him off. So my dad acorrisponded with grant and came up with a solution that he would get some of his friends to buy us out for the same amount we put in... I recieved my 15,000 a couple of weeks later, but now Davids buyer has pulled out. Our attempts to talk to Grant about this have just gotten responces like "its your responsibility to find a buyer, not mine"... I guess that probably is true, but we dont want to lie to people about why we wanted out, so the only real options are his friends who want to do the same stuff as him. I guess the main points are that he lied to us when we brought in, he has never given Dave dividends for shares, he is poorly managing the business (to the point where it could easily be shut down) and he has used Daves money to support his own personal lifestyle..