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"Myself and Mr Y are currently relying on our savings, Mr X I think gets income from his other projects." " it's me and Mr Y doing most of the work at the mome
by codegeek 6y ago
"Myself and Mr Y are currently relying on our savings, Mr X I think gets income from his other projects."
" it's me and Mr Y doing most of the work at the moment."
It is just a matter of time before things crash. Extreme Red Flags here. Mr X seems like the type of person who knows what he is doing so it is unlikely he will change and only focus on this specific project. You need to either get more equity or get out fast before burning more savings.