Hey Guys,

Thanks for all your feedback. We are almost finished with the contract with the new company and they have agreed to the 49/51% ownership in our favor. Now the big issue is the buy-in details. They want to be able to buy-in without a current valuation of the company and want to base the buy-in off the last year's gross revenue. We want the buy-in to be 49% of a current valuation of the company which will be valuated by an independent third party.

We believe our company is currently worth a substantial amount and would like to be compensated for this if they choose to buy-in. If we went with the last years gross, then technically they could exercise their buy-in the day after they signed the contract and buy-in at 49% of what we generated last year. This is what we want to avoid and dont think its unreasonable to have the current valuation clause in the contact. What do you all think?

Thanks!