Q: Is it considered blackmail if I threaten to file consumer complaints against a company unless they pay out as promised?
June, 2014 I invested seed money into a private company. They gave me 4 shares. First I was promised a payout in February, 2015, and again in August, 2015. Didn't happen. I sent the CEO an e-mail, stating I would file consumer complaints if I didn't get a payout on my investment by next week.
Please advise, thanks
A: Sounds like a common problem with new companies. They run short of cash and cannot make the payments promised. You may certainly complain -- you have every right to do so. But stop and answer this question: Will a complaint result in my getting a payment?? It would, perhaps, if the com;pany had the cash to pay you. But why not get some information about the reason why they are not paying you. A little consideration for the problems the management of a new company is having might be worth more to you in the long run.
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