A lot to respond to here guys, His 'wisp' isn't really something I'm interested in, he's built a bunch of towers that I don't trust won't fall over, everything he's touched is used from ebay etc including some of the towers, etc.
I just want to be made whole on the loan, I'll look into the UCC, as well as not getting screwed on the transit that he's behind on, and even if he caught up today I think I want a prepaid amount for 3 months, I don't know if shutting him off will do any good but if he has the money I guess I can find out quickly? So frustrating, I really wanted to see his guy succeed and I put a lot of sweat into this network, only to have him sell it off to a competitor who's already screwed me in the past! Haha I'm a target for these things I guess On Tue, Jul 16, 2019 at 9:44 AM CBB - Jay Fuller <[email protected]> wrote: > > 1) if he doesn't have the money you're not going to get it. > 2) i've been thinking about this a lot lately too. everyone who only > values based on annual revenue (as i used to do and have made several > purchases based on that) is probably not taking into account owned vertical > real estate. a lot of times smaller wisps are only renting water tanks or > someone else's tower but as you get bigger you tend to build. i think we > must own at least 15 towers...i'm not sure. we don't own the land (we own > SOME of the land) but we do own the towers. > > if you're shutting down, there is money involved in REMOVING those towers. > > > > ----- Original Message ----- > *From:* TJ Trout <[email protected]> > *To:* AnimalFarm Microwave Users Group <[email protected]> > *Sent:* Tuesday, July 16, 2019 3:59 AM > *Subject:* [AFMUG] Wisp value > > 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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