1. "Don't look for more investors, focus on the product, we'll do the rest"
2. "The company is out of money, what you going to do?"
3. "If you can't make it, I could buy the company off you for 1€, to help you."
4.
?5. Profit.
And this happens while I have just a month of living expenses in the bank, in the form of a revolving credit line. I need time to put the company into bankruptcy protection to free myself of my contract. Then I can look for an acquirer who would agree to refinance and leave me 20 to 30% of my own company. It’s gonna take me three or four months, I’m 42, both my parents have passed away, I owe €6000 to my CTO, II have a daughter and pets, no-one to turn to, feeling very dispaired.
I have one $15,000 AWS coupon and a $20,000 Google Apps/Cloud that were given to the company. I can’t really use them for mining, I have to sell them. They are my very last resort. I have no idea how to do this and am a little concerned that they might be used for illegal purposes and get me in trouble, I hope there is a way to work around that.
Thank you for listening.