The situation I found myself in was catastrophic, owing money to the government and probably not able to meet payroll this week. If I can make it out of this mess in the next few weeks I will be extremely lucky.

I had started the company three years ago. I didn’t plan enough, a month into the startup I was faced with overwhelming problems, mainly a lack of cash to handle day to day operations. A friend talked me into issuing some stock, not publicly traded but for sale to interested parties.