Magic, He's basically told you how he sees himself. Red Flags? I would say that his comment was enlightening. Now, what you think about his comment is up to you...but you now know how he sees himself and yes, he's being truthful about the sharing part.
Where are you in settling up your financial stuff? Did you ever go back and visit with your accountant? You had questions that needed to be answered.
What are you going to do? Are you going to speak up and ask questions or sit there w/your head in the sand? This latest action affects you as well, i.e., since you are a part of the business.
Sit quietly, the answers will reveal themselves when you least expect them to. The past is gone, the present is a gift and you need to focus on today, allow the future to reveal itself when it is ready.
