Sounds to me like the company is doing what it needs to do to maintain a going concern and ensure it has the paperwork in place for any future transaction (inve

Sounds to me like the company is doing what it needs to do to maintain a going concern and ensure it has the paperwork in place for any future transaction (investment or sale). The company has to have an operating agreement with all employees' contracts in place especially the higher-up/founders as well as ensure it's IP is properly accounted for. Kinda reminds me of when the agency in Mad Men merges and Draper doesn't have an actual contract. Sorry for any spoilers. To me it sounds like this guy is unwilling to have other people access the IP which in any business is necessary. Worked at a company where the former CMO was the only person who had access to the FB page and was fired. We didn't get access back till months later and fortunately without any legal intervention. No one person should have sole access to such critical functions. Edit: should note (although obvious) I am not privy to all the conversations these parties have had so I am only aware of what has been posted.