Am I hearing something needs burned down? I'm hearing something needs burned down. Sometimes fires just happen, it's outside our control
On Thu, Jun 14, 2018, 10:08 AM Bill Prince <[email protected]> wrote: > Chuck must be wearing shades. > > > bp > <part15sbs{at}gmail{dot}com> > > > On 6/14/2018 8:02 AM, Jay Weekley wrote: > > Sounds like the future is bright. > > [email protected] wrote: > > Well, they were in fear that I would end up running it again (I was in > legal control for the past couple of years but it was impractical to > actually take over, I just wanted the lawsuit to end). During discovery we > found that the highest point of owner equity occurred at the point where > they threw me out. And now they are upside down. > > They acquired tons of debt. A friend of mine was told their strategy was > to drive the boat up onto the rocks so that if I came back I would have a > company with negative equity. In short, anything that is financially > detrimental to Chuck McCown was the strategy. > > They had good growth and have plenty of revenue. But now they have tons > of debt service and a poor chance of getting commercial financing. Beehive > Telephone also sued Beehive Broadband for failure to pay on intracompany > notes (yep sued themselves) and then continued to loan more money to > Beehive Broadband, all parties committed lender liability fraud. > > I presume the board of Beehive Telephone has stopped doing this illegal > lending activity. But what do you do now with Beehive Broadband with > horrible debt and the inability to borrow? I am no longer an owner, > shareholder or equity partner in any of those entities. So they are in my > rearview mirror these days. > > -----Original Message----- From: Jay Weekley > Sent: Thursday, June 14, 2018 8:49 AM > To: [email protected] ; [email protected] > Subject: Re: [AFMUG] this list > > How is Beehive Broadband doing from a business perspective? > > [email protected] wrote: > > Everyone needs to give a big thank you to Paul McCall for hosting this > list for almost 5 years. Paul stepped up when I was in a pretty tight > pinch. > Five years ago, I was given 30 days to get all my hosted stuff off of my > own company’s systems. Not cool. > I had payroll, time clocks, accounting, inventory management, asterisk, > NAT/SAN storage, web hosting, mailman, email, database, CNC manufacturing > network, solidworks server, featurecam server and probably a few more. > I had previously been told that I would have to start paying for this, I > kept asking for a quote. Instead of a quote they started corrupting my > data. Started with the PDF files, then the next day the Excel files, then > the next day the word docs. Funny thing, a little voice in my head told me > to get a clean backup. The very next day after the backup the corruption > started. Then instead of a quote I got an eviction notice. Then at the end > of 30 days they sued me. Which lasted for 4.5 years. > In the end, financially, I am very glad they sued me... still not supposed > to talk about it, they wanted it to be kept confidential. You can imagine > why. I also have a non disparagement agreement that covers the company and > the employees. > Funny thing, a bit over a week ago those Beehive boys all got fired. > Yep. > Those three clowns that I hired, that I gave equity to that stabbed me in > the back, helped to throw myself, the longtime CFO and a bunch of other > people out of the company, took over our jobs and were the main actors in > that lawsuit (they sued most of the people that were defenestrated). (your > word for the day) > So, those captains of business and industry that have made my life hell > while showing me how it is done, showed me how it is done I guess... > And since they are no longer employees my non disparagement & > confidentiality agreement I signed as part of my settlement does not cover > them! > I do NOT include Bryan Scott in this list. He was not one of the three. > He did not get fired. He quit about a year ago due to many “problems” > within the company. He is now a college teacher. From my perspective he > is the only one that didn’t lie during the depositions. > So thanks Paul. And thanks to lots of people, many of you, that supported > me through that rough patch. > > > <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=emailclient> > <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=emailclient> > Virus-free. www.avg.com > <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=emailclient> > <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=emailclient> > > <#DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2> > > > > > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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