"a friend of mine" One thing I know, and I actually know very little, is that the above does not exist in business
On Tue, Jul 16, 2019 at 9:02 AM Chuck McCown <[email protected]> wrote: > File a UCC on all his junk right now. Better than nothing. At least if he > sells you have a lien that has to be settled. > > Sent from my iPhone > > > On Jul 16, 2019, at 2:59 AM, TJ Trout <[email protected]> wrote: > > > > I've been mentoring a friend of mine, he's young and rather ambitious. > He started out his 'wisp' using a residential cable connection, I've helped > him for basically free for the last three years grow his base to 250 > customers, he just last week acquired a failing wisp with 65 subs on a no > money down, pay us a commission basis. I've been managing most of his core > network and providing him IPv4 and transit for a steal of a price, I even > loaned him a substantial amount of cash recently to buy a bunch of surplus > equipment. Well anyway I guess he got caught with another women and his > wife is demanding he shut down or sell the wisp for whatever reason, he > called and put this all on my plate today. > > > > Instead of offering to sell me the company (I don't really want it) he > tellse that he's going to try selling to a local competitor whom I consider > slightly a better personal than a child molester. > > > > So anyway I'll try to stop rambling, what's a wisp Worth these days? > Gross revenue for a year is what I figure (max) with his all used ubnt > equipment? > > > > The other dilemma is that he's about 3 months behind on his transit and > his note is due for repayment Monday ~$15k total. > > > > I need a way to ensure I get paid current and I don't let him get behind > during the 'sale'. I was thinking to quit being the nice guy and demand the > past due balance + the note in full + 3 months transit in advance so I > don't get screwed during the sale process if he gets behind again. I don't > know if he can even come up with the money and my only leverage is to turn > his port down... I have a strange feeling he may try to stall me as long as > possible until the competition can thing in transit and run off without > paying the bill.... > > > > > > Sorry for he rant, just sick of helping people because every time I do I > end up regretting it. > > > > TJ > > -- > > AF mailing list > > [email protected] > > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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