So far, no crime has been committed.
You haven't been cheated because you haven't yet sold your shares.
As I see it, you have a few options:
Option 1) Ask for the complete information and take it to the appraiser for a
Option 2) Forget all that and decide just how much money you want for
your shares - and ask for it.
Option 3) Get an attorney and sue.
If you take the first action and they refuse to release the
documents, you're pretty much automatically stuck with option
3, aren't you?
If you take the first action and they do provide the full financial
statements, you can also add the cost of the appraisal (if you pay
for the second one) to the price of your shares.
If you take option two, and just tell them what you really want,
they can pay you - or you can keep your shares. If you keep your
shares, they'll have a hard time growing the way they want to,
On the other hand, if you try to block them, there's nothing to
prevent them opening a whole new company and starting over without
you. You'd have an expensive battle to prove it was really the same
company, but you could fight it and win. (Which means, once again,
you end up with option 3. Sigh)
You know your partners or co-shareholders best. Which option would
work best with them so you all win?
If you are sure they are going to rip you off?
Proceed straight to step three. Hire an attorney - and do not sell
until you negotiate a reasonable settlement.
When you do this, take into account the tens of thousands of dollars
you will pay the attorney - and deduct it from your settlement. Is it
still worth it? And the negative emotions and debilitating anger that
prevent you from doing other productive things to make a living?
And that ruins your time with your family and friends?
Sorry. I've seen people win cases like these, after many years.
But the emotional costs were so high, it took years to recover.
So, think carefully before you sue. See if you can just work it
out through negotiations.